Company No: 03960968 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	224,322		224,322
		224,322		224,322
Current assets
Debtors	4	22,490		22,490
		22,490		22,490
Creditors: amounts falling due within one year	5	( 26,878)		( 22,999)
Net current liabilities		(4,388)		(509)
Total assets less current liabilities		219,934		223,813
Net assets		219,934		223,813
Capital and reserves
Called-up share capital	6	300,000		300,000
Profit and loss account		( 80,066 )		( 76,187 )
Total shareholder's funds		219,934		223,813

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Horson Farms Limited (registered number: 03960968) were approved and authorised for issue by the Director on 01 December 2025. They were signed on its behalf by:

Tremayne John Carew Pole 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

Horson 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, 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 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

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.

Investments
The company's investment in Antony Pedigree Farms is accounting for at deemed cost based on it's carrying value at 1 April 2015. Investment income is recognised on receipt. The company is trading as a partner in Antony Pedigree Farms but due to the level of losses in the year there was no allocation of profit or loss from the partnership.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Fixed asset investments

	2025		2024
	£		£
Other investments and loans	224,322		224,322

4. Debtors

	2025		2024
	£		£
Amounts owed by related parties	22,490		22,490

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,525		943
Amounts owed to related parties	23,361		20,045
Other creditors	1,992		2,011
	26,878		22,999

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
300,000 Ordinary shares of £ 1.00 each	300,000		300,000

7. Related party transactions

Other related party transactions

	2025		2024
	£		£
Owed from unincorporated partnership the the company has an interest in	22,490		22,490
Owed to related entities	23,358		20,045

8. Ultimate controlling party

Parent Company:

West Antony Farming Company

Centenary House, Peninsula Park, Rydon Lane, Exeter EX2 7XE

West Antony Farming Company became the ultimate controlling party on purchase of 100% of the issued shares of the company on 30 June 2022.