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REGISTERED NUMBER: 00500602 (England and Wales)

| SLEAFORD FARMING COMPANY |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 5 APRIL 2025 |

SLEAFORD FARMING COMPANY (REGISTERED NUMBER: 00500602)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

SLEAFORD FARMING COMPANY

COMPANY INFORMATION

FOR THE YEAR ENDED 5 APRIL 2025

| DIRECTORS: | J W H Brown

| R M L Brown

| SECRETARY: | R M L Brown

| REGISTERED OFFICE: | 18 Northgate

| Sleaford

| Lincolnshire

| NG34 7BJ

| BUSINESS ADDRESS: | Manor Farm

| 39 Town Road

| Quarrington

| Sleaford

| Lincolnshire

| NG34 8RS

| REGISTERED NUMBER: | 00500602 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 18 Northgate

| Sleaford

| Lincolnshire

| NG34 7BJ

SLEAFORD FARMING COMPANY (REGISTERED NUMBER: 00500602)

STATEMENT OF FINANCIAL POSITION

5 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 166,799 |  | 168,035 |  |

Investments | 5 | 2 |  | 113 |  |

166,801 |  | 168,148 |  |

CURRENT ASSETS

Debtors | 6 | 75,559 |  | 148,037 |  |

Cash at bank and in hand | 492 |  | 314 |  |

76,051 |  | 148,351 |  |

CREDITORS

Amounts falling due within one year | 7 | 178,576 |  | 293,486 |  |

NET CURRENT LIABILITIES | (102,525 | ) | (145,135 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 64,276 |  | 23,013 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (34,014 | ) | (33,048 | ) |

PROVISIONS FOR LIABILITIES | - |  | (1,084 | ) |

NET ASSETS/(LIABILITIES) | 30,262 |  | (11,119 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 5,000 |  | 5,000 |  |

Retained earnings | 25,262 |  | (16,119 | ) |

SHAREHOLDERS' FUNDS | 30,262 |  | (11,119 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

J W H Brown - Director

SLEAFORD FARMING COMPANY (REGISTERED NUMBER: 00500602)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

1. | STATUTORY INFORMATION

| Sleaford Farming Company is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 10% on reducing balance and not provided

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Group accounts

| The company has not prepared group accounts as it qualifies as a small group and as such has taken advantage of exemption from preparing group accounts under section 383 Companies Act 2006.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 4 ) .

SLEAFORD FARMING COMPANY (REGISTERED NUMBER: 00500602)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 6 April 2024

| and 5 April 2025 | 256,956 |  | 134,740 |  | 391,696 |  |

| DEPRECIATION

| At 6 April 2024 | 94,627 |  | 129,034 |  | 223,661 |  |

| Charge for year | 355 |  | 881 |  | 1,236 |  |

| At 5 April 2025 | 94,982 |  | 129,915 |  | 224,897 |  |

| NET BOOK VALUE

| At 5 April 2025 | 161,974 |  | 4,825 |  | 166,799 |  |

| At 5 April 2024 | 162,329 |  | 5,706 |  | 168,035 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| COST

| At 6 April 2024 | 102 |  | 11 |  | 113 |  |

| Disposals | (100 | ) | (11 | ) | (111 | ) |

| At 5 April 2025 | 2 |  | - |  | 2 |  |

| NET BOOK VALUE

| At 5 April 2025 | 2 |  | - |  | 2 |  |

| At 5 April 2024 | 102 |  | 11 |  | 113 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 75,559 |  | 148,037 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,152 |  | 5,152 |  |

| Trade creditors | 11,982 |  | 13,356 |  |

| Taxation and social security | 100,355 |  | 105,416 |  |

| Other creditors | 61,087 |  | 169,562 |  |

178,576 |  | 293,486 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 34,014 |  | 33,048 |  |

SLEAFORD FARMING COMPANY (REGISTERED NUMBER: 00500602)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

2025 | 2024 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | 12,057 |  | 11,091 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Other loans | 56,076 |  | 145,184 |  |

| Other loans are secured by a legal charge over land at Quarrington, Sleaford, Lincolnshire and by personal guarantees of the directors.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 5,000 | Ordinary | £1 | 5,000 |  | 5,000 |  |