Company No: 11248266 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	442,975		494,244
		442,975		494,244
Current assets
Debtors	4	50,233		214,322
Cash at bank and in hand		179,700		114,595
		229,933		328,917
Creditors: amounts falling due within one year	5	( 22,345)		( 38,305)
Net current assets		207,588		290,612
Total assets less current liabilities		650,563		784,856
Provision for liabilities		( 29,681)		( 62,308)
Net assets		620,882		722,548
Capital and reserves
Called-up share capital		661,000		661,000
Profit and loss account		( 40,118 )		61,548
Total shareholders' funds		620,882		722,548

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 Audley End Farming Limited (registered number: 11248266) were approved and authorised for issue by the Board of Directors on 30 October 2025. They were signed on its behalf by:

L D C Newman 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

Audley End Farming 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 Audley End Estate Office Bruncketts, Wendens Ambo, Essex, CB11 4JL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Audley End Farming Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover represents amounts receivable from farm contracting services provided during the year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

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 straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	5 years straight line
Computer equipment	4 years straight line
Other property, plant and equipment	5 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Interest bearing loans which meet the criteria to be classified as basic financial instruments are recorded at the present value of cash payable to the lender, which is ordinarily equal to the proceeds received net of direct issue costs.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		6

3. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	584,055		18,000		11,783		735,150		1,348,988
Additions	13,641		0		0		117,000		130,641
At 31 March 2025	597,696		18,000		11,783		852,150		1,479,629
Accumulated depreciation
At 01 April 2024	330,950		8,999		1,797		512,998		854,744
Charge for the financial year	63,630		2,251		2,749		113,280		181,910
At 31 March 2025	394,580		11,250		4,546		626,278		1,036,654
Net book value
At 31 March 2025	203,116		6,750		7,237		225,872		442,975
At 31 March 2024	253,105		9,001		9,986		222,152		494,244

4. Debtors

	2025		2024
	£		£
Trade debtors	4,598		8,557
Prepayments	33,867		55,741
VAT recoverable	11,429		0
Other debtors	339		150,024
	50,233		214,322

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	10,226		10,905
Accruals	8,816		10,697
Other taxation and social security	3,303		16,703
	22,345		38,305

6. Related party transactions

Included within other debtors is a loan of £Nil (2024: £150,000) due from The Ruck Settlement of which L D C Newman, a director of the company, is a trustee. The interest charged for the year at a rate of 2.25% was £999 (2024: £348).