REGISTERED NUMBER: 07625504 (England and Wales)

COOMBE FARMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Adams

G D Adams

H D Adams

REGISTERED OFFICE:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

07625504 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,253,249

1,307,609

1,253,249

1,307,609

CURRENT ASSETS

Stocks

18,000

18,000

Debtors

6

94,745

52,950

Cash at bank and in hand

18,008

18,782

130,753

89,732

CREDITORS

Amounts falling due within one year

7

340,044

321,004

NET CURRENT LIABILITIES

(209,291

)

(231,272

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,043,958

1,076,337

CREDITORS

Amounts falling due after more than one year

8

(223,997

)

(196,504

)

PROVISIONS FOR LIABILITIES

(88,882

)

(100,619

)

NET ASSETS

731,079

779,214

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

730,979

779,114

SHAREHOLDERS' FUNDS

731,079

779,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2025 and were signed on its behalf by:

D M Adams - Director

1.	STATUTORY INFORMATION

Coombe Farms Limited 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

20,000

AMORTISATION

At 1st April 2024

and 31st March 2025

20,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st April 2024

2,166,951

Additions

784,593

Disposals

(964,128

)

At 31st March 2025

1,987,416

DEPRECIATION

At 1st April 2024

859,342

Charge for year

221,160

Eliminated on disposal

(346,335

)

At 31st March 2025

734,167

NET BOOK VALUE

At 31st March 2025

1,253,249

At 31st March 2024

1,307,609

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st April 2024

1,167,943

Additions

784,593

Transfer to ownership

(658,743

)

At 31st March 2025

1,293,793

DEPRECIATION

At 1st April 2024

432,045

Charge for year

170,458

Transfer to ownership

(274,641

)

At 31st March 2025

327,862

NET BOOK VALUE

At 31st March 2025

965,931

At 31st March 2024

735,898

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

72,785

28,765

Other debtors

21,960

24,185

94,745

52,950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,173

10,255

Hire purchase contracts

255,188

272,735

Trade creditors

50,894

23,143

VAT

18,960

10,579

Coombe Farm

699

449

Accrued expenses

4,130

3,843

340,044

321,004

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,402

12,494

Hire purchase contracts

221,595

184,010

223,997

196,504

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

The company owed £699 (2024 - £449) to Coombe Farms Partnership a partnership in which the directors are partners.