REGISTERED NUMBER: 14694530 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UP MARDEN FARMS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P G Huxham

A W Huxham

REGISTERED OFFICE:

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

REGISTERED NUMBER:

14694530 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Up Marden Farms Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Up Marden Farms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Up Marden Farms Limited and state those matters that we have agreed to state to the Board of Directors of Up Marden Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Up Marden Farms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Up Marden Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Up Marden Farms Limited. You consider that Up Marden Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Up Marden Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

10 November 2025

FIXED ASSETS

Intangible assets

4

974,696

1,025,996

Tangible assets

5

534,533

410,586

1,509,229

1,436,582

CURRENT ASSETS

Stocks

607,768

452,641

Debtors

6

144,826

103,629

752,594

556,270

CREDITORS

Amounts falling due within one year

7

807,527

882,153

NET CURRENT LIABILITIES

(54,933

)

(325,883

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,454,296

1,110,699

CREDITORS

Amounts falling due after more than one year

8

1,193,118

963,099

NET ASSETS

261,178

147,600

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

261,078

147,500

SHAREHOLDERS' FUNDS

261,178

147,600

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 directors acknowledge their 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 Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

P G Huxham - Director

A W Huxham - Director

1.	STATUTORY INFORMATION

Up Marden Farms 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 derived from the Farming and related activities and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Implements & Combines

-

20% on reducing balance

Tractors

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified as basic or advanced following the conditions in FRS102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial in which case that are stated at cost. The company has no advanced financial instruments.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,025,996

AMORTISATION

Charge for year

51,300

At 31 March 2025

51,300

NET BOOK VALUE

At 31 March 2025

974,696

At 31 March 2024

1,025,996

On 6 April 2023 the company acquired the trade and certain assets and liabilities of an unincorporated Farming business for a total consideration of £1,198,000 including goodwill as noted above.

5.	TANGIBLE FIXED ASSETS

Implements

Motor

Computer

& Combines

Tractors

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

423,358

158,125

-

-

581,483

Additions

509,801

127,650

65,091

1,389

703,931

Disposals

(443,501

)

(65,280

)

-

-

(508,781

)

At 31 March 2025

489,658

220,495

65,091

1,389

776,633

DEPRECIATION

At 1 April 2024

139,272

31,625

-

-

170,897

Charge for year

137,145

27,620

8,136

58

172,959

Eliminated on disposal

(88,700

)

(13,056

)

-

-

(101,756

)

At 31 March 2025

187,717

46,189

8,136

58

242,100

NET BOOK VALUE

At 31 March 2025

301,941

174,306

56,955

1,331

534,533

At 31 March 2024

284,086

126,500

-

-

410,586

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

91,611

62,266

Other debtors

100

100

VAT

20,954

12,660

Prepayments and accrued income

32,161

28,603

144,826

103,629

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

375,826

366,258

Hire purchase contracts

132,773

97,942

Trade creditors

80,177

36,738

Amounts owed to group undertakings

145,035

217,025

Corporation Tax

3,026

46,954

Social security and other taxes

2,662

1,178

Directors' current accounts

63,933

112,308

Accruals and deferred income

4,095

3,750

807,527

882,153

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

298,173

-

Hire purchase contracts

265,437

163,099

Directors' loan accounts

629,508

800,000

1,193,118

963,099

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

298,173

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

328,173

-

Hire purchase contracts

398,210

-

726,383

-

The bank loans are secured by way of a fixed and floating charge against the assets of the company.

All hire purchase liabilities are secured against the asset to which each agreement relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

147,500

Profit for the year

113,578

At 31 March 2025

261,078