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REGISTERED NUMBER: 04637412 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2025

for

Cannon Hall Farm Ltd

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Contents of the Financial Statements

for the year ended 31 January 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Income Statement | 7 |

| Other Comprehensive Income | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Cash Flow Statement | 11 |

| Notes to the Cash Flow Statement | 12 |

| Notes to the Financial Statements | 13 |

| Cannon Hall Farm Ltd |

Company Information

for the year ended 31 January 2025

| DIRECTORS: | C R Nicholson

| Mrs C S Nicholson

| R C Nicholson

| R E Nicholson

| D W Nicholson

| SECRETARY: | Mrs C S Nicholson

| REGISTERED OFFICE: | Cannon Hall Farm

| Cannon Hall

| Cawthorne

| Barnsley

| South Yorkshire

| S75 4AT

| REGISTERED NUMBER: | 04637412 (England and Wales)

| AUDITORS: | Paul Howley & Co Ltd

| Chartered Certified Accountants

| Statutory Auditors

| 42 Pitt Street

| Barnsley

| South Yorkshire

| S70 1BB

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Strategic Report

for the year ended 31 January 2025

The directors present their strategic report for the year ended 31 January 2025.

REVIEW OF BUSINESS

The company's principal activity during the year continued to be the operation of an open farm visitor attraction.

The result for the year and the financial position of the company are shown in the financial statements.

Trading performance

During the year ended 31 January 2025 the company reported operating profits of £1,972,112 compared with £2,031,948 for the year ended 31 January 2024. All income streams show positive growth on 2024 with turnover increasing from £12,664,550 to £13,484,040 in 2025 in part reflecting increased visitor footfall driven by the opening of new play facilities in June 2024.

Net profit before tax for the year was £2,066,166 compared with £2,226,252 in 2024. The fall in pre tax profits was in part due to increased overheads and a reported a gain in the prior year of £115,948 on the revaluation of investment property.

Key performance indicators

The key performance indicators used to determine the progress and performance of the company are customer footfall, turnover growth, profitability and liquidity.

Turnover growth:

An increase on the prior year of 6.5%.

Gross profit & Operating profit growth:

Gross profit increased by 7.8% although operating profit fell by 3.0% as a result of increased overhead costs.

Current assets to current liabilities ratio:

The current ratio improved to 4.5 from 3.1 in the the prior year.

Future outlook

The directors continue to monitor customer spend patterns and regional and national economic indicators, and explore innovative ways of increasing visitor numbers. The established policy of investing in new attractions and improved infrastructure will continue, and the directors are confident that this policy will continue to drive footfall and revenues upwards. As part of this continued investment in Spring 2025 the company opened Nonna Mia's Ice Cream Parlour. The directors are confident that enhancing visitor experiences, adapting to customer demands and focusing on high quality offerings will allow the company to continue to perform strongly.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors acknowledge that the management of the business and the execution of the company's strategies are subject to a number of risks and uncertainties. The key business risks identified relate to the current external economic climate, exposure to communicable agricultural related diseases, the effect of fluctuations in the residential property market and retention of key staff.

ON BEHALF OF THE BOARD:

R E Nicholson - Director

24 October 2025

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Report of the Directors

for the year ended 31 January 2025

The directors present their report with the financial statements of the company for the year ended 31 January 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2025 will be £ 329,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

C R Nicholson

Mrs C S Nicholson

R C Nicholson

R E Nicholson

D W Nicholson

DIRECTORS' INDEMNITIES

The company maintains directors' and officers' liability insurance which gives appropriate cover for legal action brought against its directors.

DISCLOSURE IN THE STRATEGIC REPORT

As permitted by the Companies Act 2006 certain information to be contained in the directors' report as required by Schedule 7 to SI 2008/410 is included in the company's strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Paul Howley & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R E Nicholson - Director

24 October 2025

Report of the Independent Auditors to the Members of

Cannon Hall Farm Ltd

Opinion

We have audited the financial statements of Cannon Hall Farm Ltd (the 'company') for the year ended 31 January 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of

Cannon Hall Farm Ltd

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In planning and designing our audit tests, we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the business and sector, the control environment and the business performance along with the results of our enquiries of management.

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to 2006 Companies Act, relevant tax legislation, environmental and consumer rights regulation and anti-bribery and corruption legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls), and determined that the principal risks related to stock, assets and cash balances. Audit procedures performed by the engagement team included:

- Enquiries of the directors and management to identify any instances of non-compliance including consideration of known or suspected instances of fraud;

- Evaluation of management's controls designed to prevent and detect irregularities;

- Review of meeting minutes, and where applicable, correspondence with relevant regulatory authorities;

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Performed physical verification of tangible fixed assets to confirm existence and ownership;

- Performed physical verification and valuation testing of stock to ensure accuracy;

- Investigated the rationale behind significant or unusual transactions;

- Detailed testing of journal entries.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected it the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of

Cannon Hall Farm Ltd

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Berry (Senior Statutory Auditor)

for and on behalf of Paul Howley & Co Ltd

Chartered Certified Accountants

Statutory Auditors

42 Pitt Street

Barnsley

South Yorkshire

S70 1BB

24 October 2025

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Income Statement

for the year ended 31 January 2025

| 31.1.25 |  | 31.1.24

| Notes | £ | £ |

TURNOVER | 3 | 13,484,040 |  | 12,664,550 |  |

Cost of sales | 8,505,413 |  | 8,047,026 |  |

GROSS PROFIT | 4,978,627 |  | 4,617,524 |  |

Administrative expenses | 3,150,645 |  | 2,736,278 |  |

1,827,982 |  | 1,881,246 |  |

Other operating income | 144,130 |  | 150,702 |  |

OPERATING PROFIT | 5 | 1,972,112 |  | 2,031,948 |  |

Interest receivable and similar income | 6 | 110,963 |  | 82,979 |  |

2,083,075 |  | 2,114,927 |  |

Gain/loss on revaluation of investment property | - |  | 115,948 |  |

2,083,075 |  | 2,230,875 |  |

Interest payable and similar expenses | 7 | 16,909 |  | 4,623 |  |

PROFIT BEFORE TAXATION | 2,066,166 |  | 2,226,252 |  |

Tax on profit | 8 | 549,175 |  | 562,721 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,516,991 |  | 1,663,531 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Other Comprehensive Income

for the year ended 31 January 2025

| 31.1.25 |  | 31.1.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,516,991 |  | 1,663,531 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,516,991 |  | 1,663,531 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Balance Sheet

31 January 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 4,740,748 |  | 4,223,126 |  |

Investment property | 12 | 2,665,000 |  | 2,665,000 |  |

7,405,748 |  | 6,888,126 |  |

CURRENT ASSETS

Stocks | 13 | 727,010 |  | 684,788 |  |

Debtors | 14 | 133,604 |  | 221,248 |  |

Investments | 15 | 2,700,000 |  | 1,400,000 |  |

Cash at bank and in hand | 695,562 |  | 1,359,344 |  |

4,256,176 |  | 3,665,380 |  |

CREDITORS

Amounts falling due within one year | 16 | 935,809 |  | 1,164,100 |  |

NET CURRENT ASSETS | 3,320,367 |  | 2,501,280 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,726,115 |  | 9,389,406 |  |

CREDITORS

Amounts falling due after more than one year | 17 | (178,313 | ) | (192,595 | ) |

PROVISIONS FOR LIABILITIES | 19 | (675,000 | ) | (512,000 | ) |

NET ASSETS | 9,872,802 |  | 8,684,811 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 265 |  | 265 |  |

Non-distributable reserves | 21 | 116,389 |  | 116,389 |  |

Retained earnings | 21 | 9,756,148 |  | 8,568,157 |  |

SHAREHOLDERS' FUNDS | 9,872,802 |  | 8,684,811 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

R E Nicholson - Director

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Statement of Changes in Equity

for the year ended 31 January 2025

| Called up |

| share |  | Retained |  | Non-distributable |  | Total

| capital |  | earnings |  | reserves |  | equity

£ | £ | £ | £ |

Balance at 1 February 2023 | 265 |  | 7,269,574 |  | 441 |  | 7,270,280 |  |

Changes in equity

Dividends | - |  | (249,000 | ) | - |  | (249,000 | ) |

Total comprehensive income | - |  | 1,547,583 |  | 115,948 |  | 1,663,531 |  |

Balance at 31 January 2024 | 265 |  | 8,568,157 |  | 116,389 |  | 8,684,811 |  |

Changes in equity

Dividends | - |  | (329,000 | ) | - |  | (329,000 | ) |

Total comprehensive income | - |  | 1,516,991 |  | - |  | 1,516,991 |  |

Balance at 31 January 2025 | 265 |  | 9,756,148 |  | 116,389 |  | 9,872,802 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Cash Flow Statement

for the year ended 31 January 2025

| 31.1.25 |  | 31.1.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,258,612 |  | 2,421,039 |  |

Interest paid | - |  | (4,623 | ) |

Tax paid | (411,075 | ) | (449,716 | ) |

Net cash from operating activities | 1,847,537 |  | 1,966,700 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (1,044,127 | ) | (805,481 | ) |

Purchase of current asset investments | (7,950,000 | ) | (3,800,000 | ) |

Sale of tangible fixed assets | - |  | 5,603 |  |

Sale of current asset investments | 6,650,000 |  | 4,400,000 |  |

Interest received | 112,085 |  | 82,651 |  |

Net cash from investing activities | (2,232,042 | ) | (117,227 | ) |

Cash flows from financing activities

Loan repayments in year | - |  | (706,106 | ) |

Amount introduced by directors | 49,723 |  | - |  |

Amount withdrawn by directors | - |  | (68,755 | ) |

Equity dividends paid | (329,000 | ) | (249,000 | ) |

Net cash from financing activities | (279,277 | ) | (1,023,861 | ) |

(Decrease)/increase in cash and cash equivalents | (663,782 | ) | 825,612 |  |

Cash and cash equivalents at beginning of year | 2 | 1,359,344 |  | 533,732 |  |

Cash and cash equivalents at end of year | 2 | 695,562 |  | 1,359,344 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Cash Flow Statement

for the year ended 31 January 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 31.1.25 |  | 31.1.24

£ | £ |

| Profit before taxation | 2,066,166 |  | 2,226,252 |  |

| Depreciation charges | 512,431 |  | 463,733 |  |

| Loss on disposal of fixed assets | 14,074 |  | 6,730 |  |

| Gain on revaluation of fixed assets | - |  | (115,948 | ) |

| Transfer fixed assets to stock | - |  | 51,776 |  |

| Government grants | (27,648 | ) | (30,162 | ) |

| Finance costs | 16,909 |  | 4,623 |  |

| Finance income | (110,963 | ) | (82,979 | ) |

2,470,969 |  | 2,524,025 |  |

| Increase in stocks | (42,222 | ) | (137,980 | ) |

| Decrease in trade and other debtors | 36,799 |  | 167,557 |  |

| Decrease in trade and other creditors | (206,934 | ) | (132,563 | ) |

| Cash generated from operations | 2,258,612 |  | 2,421,039 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 January 2025

| 31.1.25 |  | 1.2.24

£ | £ |

| Cash and cash equivalents | 695,562 |  | 1,359,344 |  |

| Year ended 31 January 2024

| 31.1.24 |  | 1.2.23

£ | £ |

| Cash and cash equivalents | 1,359,344 |  | 533,732 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.2.24 | Cash flow | At 31.1.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,359,344 |  | (663,782 | ) | 695,562 |  |

1,359,344 |  | (663,782 | ) | 695,562 |  |

| Liquid resources |

| Current asset investments | 1,400,000 |  | 1,300,000 |  | 2,700,000 |  |

1,400,000 |  | 1,300,000 |  | 2,700,000 |  |

| Total | 2,759,344 |  | 636,218 |  | 3,395,562 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements

for the year ended 31 January 2025

1. | STATUTORY INFORMATION

| Cannon Hall Farm Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Going concern

| After making enquiries, the directors have a reasonable expectation that for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements the company has adequate resources to continue trading and meet its liabilities as and when they arise.

| The company meets its day-to-day working capital requirements through its bank facilities. The company's forecasts and projections, taking account of plausible changes in trading performance, illustrate that the company should be able to operate within the level of its current facilities.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

| The annual depreciation charge for tangible assets and their carrying amount is determined by the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually and amended where necessary to reflect current estimates. The carrying amount of tangible assets is disclosed in note 10 to the financial statements.

| Turnover

| Turnover represents entrance fees and sales of goods and produce, stated net of trade discounts and value added tax.

| The following criteria must be met before revenue is recognised:

| Entrance fees and events

| Farm entrance fees and events are recognised at point of sale with the exception of gift cards and vouchers which are deferred and recognised when presented.

| Sale of goods and produce

| Revenue from the sale of food, drink and produce is recognised at point of sale with the exception of wholesale and internet transactions which are recognised on despatch.

| Food and beverage

| Revenue from the sale of food and beverage is recognised when consumed.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Freehold property | - | Straight line over 50 years

| Short leasehold | - | Straight line over 10 years and Straight line over 20 years

| Farm plant and machinery | - | 15% on reducing balance and Straight line over 10 years

| Fixtures and equipment | - | 15% on reducing balance

| Motor vehicles and tractors | - | 25% on reducing balance

| Livestock | - | Straight line over 10 years and Straight line over 20 years

| Assets under construction at the year end date are not depreciated.

| The carrying values of property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that their carrying values may not be recoverable. Any impairment in the values of property, plant and equipment is charged to the Income Statement.

| Profits and losses on disposal of property, plant and equipment reflect the difference between net selling price and carrying amount at the date of disposal and are recognised in the Income Statement.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated on the basis of first in, first out.

| Cash and cash equivalents

| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, stated net of outstanding bank overdrafts where relevant.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Any losses arising from impairment are recognised in the Income Statement in other operating expense.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Government grants

| Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in respect of capital expenditure are credited to a deferred income account and are released to the Income Statement over the expected useful lives of the relevant assets by annual instalments. Grants of a revenue nature are credited to the Income Statement so as to match them with the expenditure to which they relate.

| Livestock

| Livestock purchased predominately for the purpose of visitor attraction is included in tangible fixed assets and depreciated over their estimated useful lives. Livestock purchased as part of the working farm are incorporated in the Income Statement and where appropriate carried forward in stock at the lower of cost and net realisable value.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 31.1.25 |  | 31.1.24

£ | £ |

| Entrance fees & events | 3,136,981 |  | 2,695,472 |  |

| Retail sales | 5,880,911 |  | 5,808,554 |  |

| Bistro / Café sales | 4,103,675 |  | 3,798,979 |  |

| Other | 362,473 |  | 361,545 |  |

13,484,040 |  | 12,664,550 |  |

4. | EMPLOYEES AND DIRECTORS

| 31.1.25 |  | 31.1.24

£ | £ |

| Wages and salaries | 3,917,083 |  | 3,550,004 |  |

| Social security costs | 248,079 |  | 252,802 |  |

| Other pension costs | 77,064 |  | 30,777 |  |

4,242,226 |  | 3,833,583 |  |

| The average number of employees during the year was as follows:

| 31.1.25 |  | 31.1.24

| Direct | 200 |  | 194 |  |

| Administration & maintenance | 28 |  | 26 |  |

| Directors | 5 |  | 5 |  |

233 |  | 225 |  |

| 31.1.25 |  | 31.1.24

£ | £ |

| Directors' remuneration | 43,139 |  | 43,139 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 5 |  | 5 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 31.1.25 |  | 31.1.24

£ | £ |

| Hire of plant and machinery | 10,274 |  | 25,949 |  |

| Other operating leases | 59,711 |  | 34,574 |  |

| Depreciation - owned assets | 512,431 |  | 463,733 |  |

| Loss on disposal of fixed assets | 14,074 |  | 6,730 |  |

| Auditors' remuneration | 13,500 |  | 12,500 |  |

6. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank interest | 107,960 |  | 73,529 |  |

| Other interest | 3,003 |  | 9,450 |  |

110,963 |  | 82,979 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loan interest | - |  | 4,623 |  |

| Other interest | 16,909 |  | - |  |

16,909 |  | 4,623 |  |

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 31.1.25 |  | 31.1.24

£ | £ |

| Current tax:

| UK corporation tax | 386,100 |  | 398,716 |  |

| Prior year adjustment | 75 |  | - |  |

| Total current tax | 386,175 |  | 398,716 |  |

| Deferred tax | 163,000 |  | 164,005 |  |

| Tax on profit | 549,175 |  | 562,721 |  |

| UK corporation tax has been charged at 25% (2024 - 24%).

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

8. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.1.25 |  | 31.1.24

£ | £ |

| Profit before tax | 2,066,166 |  | 2,226,252 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 24%) | 516,542 |  | 534,300 |  |

| Effects of:

| Expenses not deductible for tax purposes | - |  | 276 |  |

| Income not taxable for tax purposes | (1,733 | ) | (29,491 | ) |

| Depreciation on assets not qualifying for allowances | 33,092 |  | 31,622 |  |

| Others including movement in UK tax rates | 1,274 |  | 26,014 |  |

| Total tax charge | 549,175 |  | 562,721 |  |

| The above tax rates have been used as these are the rates applicable taking into account the company's taxable profits. With effect from 1 April 2023 the main rate of corporation tax rate increased from 19% to 25%.

9. | DIVIDENDS

| 31.1.25 |  | 31.1.24

£ | £ |

| Ordinary shares of £1 each |

| Interim | 80,000 |  | - |  |

| 'A' Non-Voting Ordinary shares of £1 each |

| Interim | 132,000 |  | 132,000 |  |

| 'B' Non-Voting Ordinary shares of £1 each |

| Interim | 60,000 |  | 60,000 |  |

| 'C' Non-Voting Ordinary shares of £1 each |

| Interim | 57,000 |  | 57,000 |  |

329,000 |  | 249,000 |  |

10. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 160,000 |  |

| AMORTISATION

| At 1 February 2024

| and 31 January 2025 | 160,000 |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  |

| At 31 January 2024 | - |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

11. | TANGIBLE FIXED ASSETS

| Farm

| Freehold |  | Short |  | plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| COST

| At 1 February 2024 | 437,641 |  | 4,464,693 |  | 1,634,336 |  |

| Additions | - |  | 48,755 |  | 668,017 |  |

| Disposals | - |  | - |  | (211,107 | ) |

| At 31 January 2025 | 437,641 |  | 4,513,448 |  | 2,091,246 |  |

| DEPRECIATION

| At 1 February 2024 | 186,985 |  | 2,273,479 |  | 754,093 |  |

| Charge for year | 8,760 |  | 196,693 |  | 130,112 |  |

| Eliminated on disposal | - |  | - |  | (197,033 | ) |

| At 31 January 2025 | 195,745 |  | 2,470,172 |  | 687,172 |  |

| NET BOOK VALUE

| At 31 January 2025 | 241,896 |  | 2,043,276 |  | 1,404,074 |  |

| At 31 January 2024 | 250,656 |  | 2,191,214 |  | 880,243 |  |

| Motor |

| Fixtures |  | vehicles |

| and |  | and |

| equipment |  | tractors |  | Livestock |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2024 | 1,617,503 |  | 447,149 |  | 104,036 |  | 8,705,358 |  |

| Additions | 263,355 |  | 62,000 |  | 2,000 |  | 1,044,127 |  |

| Disposals | - |  | - |  | - |  | (211,107 | ) |

| At 31 January 2025 | 1,880,858 |  | 509,149 |  | 106,036 |  | 9,538,378 |  |

| DEPRECIATION

| At 1 February 2024 | 978,036 |  | 274,018 |  | 15,621 |  | 4,482,232 |  |

| Charge for year | 123,115 |  | 48,449 |  | 5,302 |  | 512,431 |  |

| Eliminated on disposal | - |  | - |  | - |  | (197,033 | ) |

| At 31 January 2025 | 1,101,151 |  | 322,467 |  | 20,923 |  | 4,797,630 |  |

| NET BOOK VALUE

| At 31 January 2025 | 779,707 |  | 186,682 |  | 85,113 |  | 4,740,748 |  |

| At 31 January 2024 | 639,467 |  | 173,131 |  | 88,415 |  | 4,223,126 |  |

| Included within farm plant and machinery is £137,592 (2024: £324,173) in respect of assets under construction which have not been depreciated.

| Short leasehold assets incorporate infrastructure costs and buildings erected on land which is owned by and rented from the directors.

| The company's bankers hold a fixed charge over all freehold and leasehold property and a first fixed charge over all other tangible fixed assets.

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

12. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2024

| and 31 January 2025 | 2,665,000 |  |

| NET BOOK VALUE

| At 31 January 2025 | 2,665,000 |  |

| At 31 January 2024 | 2,665,000 |  |

| Fair value at 31 January 2025 is represented by:

£ |

| Valuation in 2009 | (174,559 | ) |

| Valuation in 2011 | 150,000 |  |

| Valuation in 2013 | 110,000 |  |

| Valuation in 2014 | (85,000 | ) |

| Valuation in 2024 | 115,948 |  |

| Cost | 2,548,611 |  |

2,665,000 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

| 31.1.25 |  | 31.1.24

£ | £ |

| Cost | 2,548,611 |  | 2,548,611 |  |

| Aggregate depreciation | (583,146 | ) | (532,174 | ) |

| Investment properties were valued on an open market basis on 31 January 2025 by the company's directors .

13. | STOCKS

| 31.1.25 |  | 31.1.24

£ | £ |

| Livestock | 335,998 |  | 298,132 |  |

| Raw materials | 55,502 |  | 57,104 |  |

| Resale goods | 335,510 |  | 329,552 |  |

727,010 |  | 684,788 |  |

| An impairment loss of £19,966 (2024: £1,119) was recognised in cost of sales against stock during the year due to slow moving and obsolete items.

| The total carrying amount of stock is pledged as security for the company's bankers.

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 10,666 |  | 7,067 |  |

| Other debtors | 13,521 |  | 63,014 |  |

| Directors' loan accounts | 34,399 |  | 84,122 |  |

| Prepayments and accrued income | 75,018 |  | 67,045 |  |

133,604 |  | 221,248 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

15. | CURRENT ASSET INVESTMENTS

| 31.1.25 |  | 31.1.24

£ | £ |

| Short term deposits | 2,700,000 |  | 1,400,000 |  |

| Investments in short term deposits have an original maturity date of between 3 and 6 months and accrue interest at an average rate of 4.1%.

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade creditors | 314,155 |  | 386,146 |  |

| Tax | 136,100 |  | 161,000 |  |

| Social security and other taxes | 55,627 |  | 52,883 |  |

| VAT | 58,107 |  | 216,013 |  |

| Other creditors | 33,937 |  | 39,917 |  |

| Accrued expenses | 311,852 |  | 281,221 |  |

| Deferred government grants | 26,031 |  | 26,920 |  |

935,809 |  | 1,164,100 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Deferred government grants | 178,313 |  | 192,595 |  |

| Deferred government grants included within other creditors falling due after more than one year include £95,871 (2024: £107,744) in respect of amounts which are expected to be released to the Income Statement more than five years after the balance sheet date.

18. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.1.25 |  | 31.1.24

£ | £ |

| Within one year | 41,638 |  | 14,542 |  |

| Between one and five years | 54,360 |  | 29,085 |  |

95,998 |  | 43,627 |  |

19. | PROVISIONS FOR LIABILITIES

| 31.1.25 |  | 31.1.24

£ | £ |

| Deferred tax

| Capital allowances in excess of depreciation | 675,000 |  | 512,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 512,000 |  |

| Charge to Income Statement during year | 163,000 |  |

| Balance at 31 January 2025 | 675,000 |  |

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.25 |  | 31.1.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| 15 | 'A' Non-Voting Ordinary | £1 | 15 |  | 15 |  |

| 15 | 'B' Non-Voting Ordinary | £1 | 15 |  | 15 |  |

| 135 | 'C' Non-Voting Ordinary | £1 | 135 |  | 135 |  |

265 |  | 265 |  |

| Called up share capital represents the nominal value of shares that have been issued.

| 'A' Non-Voting Ordinary shares have no rights to capital.

| 'B' and 'C' Non-Voting Ordinary shares are held only by full time working employees, are redeemable on cessation of employment ar par value and carry no rights to capital.

21. | RESERVES

| Retained |  | Non-distributable |

| earnings |  | reserves |  | Totals

£ | £ | £ |

| At 1 February 2024 | 8,568,157 |  | 116,389 |  | 8,684,546 |  |

| Profit for the year | 1,516,991 |  | 1,516,991 |  |

| Dividends | (329,000 | ) | (329,000 | ) |

| At 31 January 2025 | 9,756,148 |  | 116,389 |  | 9,872,537 |  |

| Retained earnings includes all current and prior period retained profits and losses.

| Non-distributable reserves incorporate all increases and decreases in the fair value of investment property to the extent that such decrease relates to an increase on the same asset.

22. | CONTINGENT ASSETS

| The company is continuing to negotiate with its insurers in respect of business interruption claims arising from the government's forced COVID lockdown measures. An interim payment of £100,000 was received and recognised in the year ended 31 January 2023 financial statements, however the directors continue to pursue further amounts under the terms of the policy. As the amount cannot be reliably estimated at this time, no provision has been made in these financial statements.

23. | CAPITAL COMMITMENTS

| 31.1.25 |  | 31.1.24

£ | £ |

| Contracted but not provided for in the

| financial statements | - |  | 363,003 |  |

24. | RELATED PARTY DISCLOSURES

| Entities with control, joint control or significant influence over the entity

| 31.1.25 |  | 31.1.24

£ | £ |

| Dividends paid by the company | 272,000 |  | 192,000 |  |

| Rent paid by the company | 15,120 |  | 15,120 |  |

| Amount due from related party | 34,399 |  | 84,122 |  |

| During the year the directors were advanced and repaid loans to the company totalling £30,277 (2024: £68,755) and £80,000 (2024: £0) respectively.

| All amounts due to and from related parties are unsecured, interest free and repayable on demand.

| Cannon Hall Farm Ltd (Registered number: 04637412) |

Notes to the Financial Statements - continued

for the year ended 31 January 2025

25. | CONTROLLING PARTY

| The controlling party is the directors.

26. | GOVERNMENT GRANTS

| Included within the Income Statement are amortised capital government grants of £27,648 (2024: £30,162). Government grants of a capital nature receivable in the year totalled £12,477 (2024: £12,499). Deferred government grants of £204,344 (2024: £219,515) will be included in future years' Income Statements.