Skillet Hill Farm Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Skillet Hill Farm Limited for the year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Skillet Hill Farm Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Skillet Hill Farm Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Skillet Hill Farm Limited and state those matters that we have agreed to state to the director of Skillet Hill Farm Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Skillet Hill Farm Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that Skillet Hill Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Skillet Hill Farm Limited . You consider that Skillet Hill Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Skillet Hill Farm Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Brindley Goldstein Ltd

27th October 2025

Brindley Goldstein Limited

103 High Street

Waltham Cross

EN8 7AN

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Skillet Hill Farm Limited

Balance Sheet

As At 31 January 2025

Balance Sheet

Registered number: 08853712

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,379,911		9,388,346

			9,379,911		9,388,346
CURRENT ASSETS
Stocks	5	38,148		20,112
Debtors	6	1,549,841		1,356,750
Cash at bank and in hand		3,760		13,308

		1,591,749		1,390,170
Creditors: Amounts Falling Due Within One Year	7	(958,878 )		(570,998 )

NET CURRENT ASSETS (LIABILITIES)			632,871		819,172

TOTAL ASSETS LESS CURRENT LIABILITIES			10,012,782		10,207,518

Creditors: Amounts Falling Due After More Than One Year	8		(87,032 )		(197,460 )

NET ASSETS			9,925,750		10,010,058

CAPITAL AND RESERVES
Called up share capital	10		3,000,000		3,000,000
Revaluation reserve	11		5,994,678		5,994,678
Profit and Loss Account			931,072		1,015,380

SHAREHOLDERS' FUNDS			9,925,750		10,010,058

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Skillet Hill Farm Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nicholas Thompson

Director

27th October 2025

The notes on pages 4 to 7 form part of these financial statements.

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Skillet Hill Farm Limited

Notes to the Financial Statements

For The Year Ended 31 January 2025

Notes to the Financial Statements

1. General Information

Skillet Hill Farm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08853712 . The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation is provided
Plant & Machinery	33 1/3% straight line
Motor Vehicles	16.6% to 20% each asset assessed independantly
Fixtures & Fittings	33 1/3% straight line
Computer Equipment	33 1/3% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Skillet Hill Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2024	8,614,000	806,505	1,583,803	114,582
Additions	354,362	42,012	107,917	13,109
Disposals	-	(137,055 )	(320,831 )	-

As at 31 January 2025	8,968,362	711,462	1,370,889	127,691

Depreciation
As at 1 February 2024	-	332,513	1,299,626	102,991
Provided during the period	-	23,201	343,115	29,774
Disposals	-	(114,836 )	(214,454 )	-

As at 31 January 2025	-	240,878	1,428,287	132,765

Net Book Value
As at 31 January 2025	8,968,362	470,584	(57,398 )	(5,074 )

As at 1 February 2024	8,614,000	473,992	284,177	11,591

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Skillet Hill Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2024	25,260	11,144,150
Additions	1,049	518,449
Disposals	-	(457,886 )

As at 31 January 2025	26,309	11,204,713

Depreciation
As at 1 February 2024	20,674	1,755,804
Provided during the period	2,198	398,288
Disposals	-	(329,290 )

As at 31 January 2025	22,872	1,824,802

Net Book Value
As at 31 January 2025	3,437	9,379,911

As at 1 February 2024	4,586	9,388,346

The land and buildings cost £2,973,684 and were revalued on 31 January 2023 to a value of £8,614,000. The revaluation

reserve amounts to £5,994,678 and is recorded under Capital and Reserves on the Balance Sheet. If the land and buildings were sold for their current net book value of £8,968,362, corporation tax of £1,498,670 would be payable.

5. Stocks

	2025	2024
	£	£
Stock	38,148	20,112

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	526,138	310,420
Other debtors	1,023,703	1,046,330

	1,549,841	1,356,750

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	41,475	152,255
Trade creditors	284,132	243,232
Bank loans and overdrafts	16,667	16,667
Corporation tax	56,579	56,851
Other taxes and social security	8,433	5,530
VAT	8,720	49,466
Net wages	12,915	-
Other creditors	69,075	30,401
Director's loan account	460,882	16,596

	958,878	570,998

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Skillet Hill Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	20,365	114,127
Bank loans	66,667	83,333

	87,032	197,460

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	41,475	152,255
Later than one year and not later than five years	-	114,127
Later than five years	20,365	-

	61,840	266,382

	61,840	266,382

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3,000,000	3,000,000

11. Reserves

	Revaluation Reserve
	£
As at 1 February 2024	5,994,678

As at 31 January 2025	5,994,678

12. Related Party Transactions

The company paid a dividend to Skillet Hill Farm (Holdings) Ltd during the year of £Nil (2024: £Nil ).

Mr N. C. Thompson is also a director of Skillet Hill Farm (Holdings) Ltd and owns 100% of the company's share capital.

13. Ultimate Controlling Party

The company is controlled by Skillet Hill Farm (Holdings) Ltd who own 100% of the company's share capital

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