REGISTERED NUMBER: 08457974 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

TWO OAKS FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms V Truelove

REGISTERED OFFICE:

Two Oaks Farm

Titchfield Lane

Wickham

Hampshire

PO17 5PQ

REGISTERED NUMBER:

08457974 (England and Wales)

ACCOUNTANTS:

Hunter Simmons Ltd

3a London Road

Purbrook

Waterlooville

Hampshire

PO7 5LQ

FIXED ASSETS

Tangible assets

4

173,576

169,816

CURRENT ASSETS

Stocks

83,950

82,495

Debtors

5

573

560

Cash at bank

586

94

85,109

83,149

CREDITORS

Amounts falling due within one year

6

119,768

90,079

NET CURRENT LIABILITIES

(34,659

)

(6,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

138,917

162,886

CREDITORS

Amounts falling due after more than one year

7

10,514

10,231

NET ASSETS

128,403

152,655

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

128,303

152,555

SHAREHOLDERS' FUNDS

128,403

152,655

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 December 2025 and were signed by:

Ms V Truelove - Director

1.	STATUTORY INFORMATION

Two Oaks Farm 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.

Tangible fixed assets

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

Plant and machinery etc

-

2% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

193,132

Additions

7,803

At 31 March 2025

200,935

DEPRECIATION

At 1 April 2024

23,316

Charge for year

4,043

At 31 March 2025

27,359

NET BOOK VALUE

At 31 March 2025

173,576

At 31 March 2024

169,816

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

573

560

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

7,556

Hire purchase contracts

3,259

7,395

Other creditors

116,509

75,128

119,768

90,079

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

10,514

10,231