REGISTERED NUMBER: 13262775 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Apple Farm Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Swift

REGISTERED OFFICE:

30 New Elvet

Durham

DH1 3AL

REGISTERED NUMBER:

13262775 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

691

863

Investment property

5

21,492,391

20,205,705

21,493,082

20,206,568

CURRENT ASSETS

Debtors

6

1,059,990

460,819

Cash at bank

79,283

77,736

1,139,273

538,555

CREDITORS

Amounts falling due within one year

7

7,483,225

6,507,375

NET CURRENT LIABILITIES

(6,343,952

)

(5,968,820

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,149,130

14,237,748

CREDITORS

Amounts falling due after more than one year

8

17,445,722

15,764,676

NET LIABILITIES

(2,296,592

)

(1,526,928

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(2,296,593

)

(1,526,929

)

(2,296,592

)

(1,526,928

)

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 his 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 15 December 2025 and were signed by:

N Swift - Director

1.	STATUTORY INFORMATION

Apple Farm Ltd 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.

Office equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Office

equipment

£

COST

At 1 April 2024

and 31 March 2025

1,349

DEPRECIATION

At 1 April 2024

486

Charge for year

172

At 31 March 2025

658

NET BOOK VALUE

At 31 March 2025

691

At 31 March 2024

863

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

20,205,705

Additions

1,286,686

At 31 March 2025

21,492,391

NET BOOK VALUE

At 31 March 2025

21,492,391

At 31 March 2024

20,205,705

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

112,494

127,165

Other debtors

947,496

333,654

1,059,990

460,819

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

15,947

14,379

Other creditors

7,464,628

6,490,346

Accruals and deferred income

2,650

2,650

7,483,225

6,507,375

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans more 5 yrs non-inst

17,445,722

15,764,676

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

17,445,722

15,764,676

9.	RELATED PARTY DISCLOSURES

During the year the company operated intercompany loans with companies in which Mr N. Swift is a director and shareholder. The balance of loans owed in was £918,064 (2024: £305,372) and is included in Other debtors. The balances of loans owed out was £7,464,628 (2024:£6,490,346) and is included in Other creditors.The loans are repayable on demand and interest free.