Company No: 02498020 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,694,125		2,672,852
		2,694,125		2,672,852
Current assets
Stocks		230,586		227,455
Debtors	4	106,865		81,388
Cash at bank and in hand		34,168		178,849
		371,619		487,692
Creditors: amounts falling due within one year	5	( 672,684)		( 732,358)
Net current liabilities		(301,065)		(244,666)
Total assets less current liabilities		2,393,060		2,428,186
Creditors: amounts falling due after more than one year	6	( 890,333)		( 931,072)
Net assets		1,502,727		1,497,114
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,502,627		1,497,014
Total shareholders' funds		1,502,727		1,497,114

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cross Keys Farms Limited (registered number: 02498020) were approved and authorised for issue by the Board of Directors on 04 December 2025. They were signed on its behalf by:

Mr Michael Thomas Aylesbury Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cross Keys Farms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bollow Farm Silver Lane, East Woodlands, Somerset, BA11 5LZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to
customers.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Biological assets	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

The directors have chosen the fair value model basis for the valuation of biological assets under FRS 102.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Land and buildings		Biological assets		Plant and machinery		Vehicles		Total
	£		£		£		£		£
Cost
At 01 April 2024	1,602,580		327,711		1,149,587		65,905		3,145,783
Additions	6,687		0		94,456		0		101,143
Disposals	0		( 20,487)		0		0		( 20,487)
At 31 March 2025	1,609,267		307,224		1,244,043		65,905		3,226,439
Accumulated depreciation
At 01 April 2024	2,246		0		442,218		28,467		472,931
Charge for the financial year	0		0		50,023		9,360		59,383
At 31 March 2025	2,246		0		492,241		37,827		532,314
Net book value
At 31 March 2025	1,607,021		307,224		751,802		28,078		2,694,125
At 31 March 2024	1,600,334		327,711		707,369		37,438		2,672,852

4. Debtors

	2025		2024
	£		£
Trade debtors	93,536		75,647
Other debtors	13,329		5,741
	106,865		81,388

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	174,739		292,104
Trade creditors	82,838		189,475
Obligations under finance leases and hire purchase contracts	32,291		0
Other creditors	382,816		250,779
	672,684		732,358

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	752,380		790,461
Obligations under finance leases and hire purchase contracts	64,057		98,156
Other creditors	73,896		42,455
	890,333		931,072

There are no amounts included above in respect of which any security has been given by the small entity.