Great Pitton Farms Ltd

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—9

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Accountant's Report

For The Year Ended 31 March 2025

Accountant's Report

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Great Pitton Farms Ltd for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Great Pitton Farms Ltd for the year ended 31 March 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 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 directors of Great Pitton Farms Ltd , as a body, in accordance with the terms of our engagement letter dated 22 October 2025. Our work has been undertaken solely to prepare for your approval the accounts of Great Pitton Farms Ltd and state those matters that we have agreed to state to the directors of Great Pitton Farms Ltd , 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 Great Pitton Farms Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that Great Pitton Farms Ltd 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 Great Pitton Farms Ltd . You consider that Great Pitton Farms Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Great Pitton Farms Ltd . 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.

30/10/2025

John F Harvey Chartered Accountants

5-6 De La Beche Street

Swansea

SA1 3HA

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Great Pitton Farms Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 14300856

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		613,361		612,746
Investment Properties	5		500,028		395,646

			1,113,389		1,008,392
CURRENT ASSETS
Stocks	6	480,369		346,935
Debtors	7	65,030		22,899
Investments	8	24,000		24,000
Cash at bank and in hand		4,146		45,526

		573,545		439,360
Creditors: Amounts Falling Due Within One Year	9	(370,942 )		(322,444 )

NET CURRENT ASSETS (LIABILITIES)			202,603		116,916

TOTAL ASSETS LESS CURRENT LIABILITIES			1,315,992		1,125,308

Creditors: Amounts Falling Due After More Than One Year	10		(983,628 )		(967,289 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(83,673 )		(79,417 )

NET ASSETS			248,691		78,602

CAPITAL AND RESERVES
Called up share capital	12		2		2
Profit and Loss Account			248,689		78,600

SHAREHOLDERS' FUNDS			248,691		78,602

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Great Pitton Farms Ltd

Balance Sheet (continued)

As At 31 March 2025

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

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

The directors acknowledge their 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

T H Higgs

Director

29/10/2025

The notes on pages 5 to 9 form part of these financial statements.

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Great Pitton Farms Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Great Pitton Farms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14300856 . The registered office is Great Pitton Farm, Rhossili, Swansea, SA3 1PH.

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.

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	0%
Plant & Machinery	15%
Motor Vehicles	25%

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

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Great Pitton Farms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Agriciltural grants

Payments received under agricultural support schemes are recognised as income when the business has met all the criteria which entitle it to the payments. Amounts received under the Single Payment scheme relate to the calendar year of claim.

When the accounting reference date falls before the calendar year of claim the portion of the claim relating to the period after the accounting reference date is deferred to the next accounting period. No provision has been made for penalties arising from the failure to comply with "cross compliance" conditions, as defined by the National Assembly for Wales, unless notification has been received.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 12)

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Great Pitton Farms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Herd basis	Total
	£	£	£	£	£
Cost
As at 1 April 2024	238,369	472,763	10,833	-	721,965
Additions	-	51,813	-	37,800	89,613
Disposals	-	(7,942 )	-	-	(7,942 )

As at 31 March 2025	238,369	516,634	10,833	37,800	803,636

Depreciation
As at 1 April 2024	4,330	102,181	2,708	-	109,219
Provided during the period	2,740	77,489	2,709	-	82,938
Disposals	-	(1,882 )	-	-	(1,882 )

As at 31 March 2025	7,070	177,788	5,417	-	190,275

Net Book Value
As at 31 March 2025	231,299	338,846	5,416	37,800	613,361

As at 1 April 2024	234,039	370,582	8,125	-	612,746

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	85,733	137,778

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	397,646
Additions	106,382
Depreciation and impairment	(4,000 )

As at 31 March 2025	500,028

The investment property had been accounted for under historical cost accounting rules:

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Great Pitton Farms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	2025	2024
	£	£
Cost	504,028	397,646
Accumulated depreciation and impairment	4,000	2,000

Carrying amount	500,028	395,646

6. Stocks

	2025	2024
	£	£
Stock	480,369	346,935

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	36,645	7,565
Other debtors	28,385	15,334

	65,030	22,899

8. Current Asset Investments

	2025	2024
	£	£
Other investments, held for sale	24,000	24,000

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,519	22,690
Trade creditors	8,636	2,260
Bank loans and overdrafts	63,703	24,351
Other creditors	212,180	253,837
Taxation and social security	71,904	19,306

	370,942	322,444

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Great Pitton Farms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,308	10,414
Bank loans > 1 yr	481,320	456,875
Other creditors	500,000	500,000

	983,628	967,289

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,519	22,690
Later than one year and not later than five years	2,308	10,414

	16,827	33,104

	16,827	33,104

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Directors	A J Higgs
	T H Higgs

Company Number	14300856

Registered Office	Great Pitton Farm
	Rhossili
	Swansea
	SA3 1PH

Accountants	John F Harvey Chartered Accountants
	5-6 De La Beche Street
	Swansea
	SA1 3HA