Company No: 05849127 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	8,787		16,158
Tangible assets	4	6,340,929		6,256,772
		6,349,716		6,272,930
Current assets
Stocks	5	210,661		224,588
Debtors	6	1,533,100		1,294,121
Cash at bank and in hand		16,296		25,034
		1,760,057		1,543,743
Creditors: amounts falling due within one year	7	( 2,471,126)		( 2,225,154)
Net current liabilities		(711,069)		(681,411)
Total assets less current liabilities		5,638,647		5,591,519
Creditors: amounts falling due after more than one year	8	( 1,219,099)		( 1,278,779)
Provision for liabilities		( 781,417)		( 760,949)
Net assets		3,638,131		3,551,791
Capital and reserves
Called-up share capital		1,000		1,000
Capital redemption reserve		100,000		100,000
Profit and loss account		3,537,131		3,450,791
Total shareholders' funds		3,638,131		3,551,791

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ashton Farms Limited (registered number: 05849127) were approved and authorised for issue by the Board of Directors on 15 December 2025. They were signed on its behalf by:

Mr C Awdry 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

Ashton 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 Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Intangible assets

Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill

20 years straight line

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Land and buildings	50 years straight line
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance

Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		16

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	147,418		147,418
At 31 March 2025	147,418		147,418
Accumulated amortisation
At 01 April 2024	131,260		131,260
Charge for the financial year	7,371		7,371
At 31 March 2025	138,631		138,631
Net book value
At 31 March 2025	8,787		8,787
At 31 March 2024	16,158		16,158

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 April 2024	34,634		9,333,257		780,857		10,148,748
Additions	0		1,198,977		347,950		1,546,927
Disposals	0		( 1,018,882)		( 34,000)		( 1,052,882)
At 31 March 2025	34,634		9,513,352		1,094,807		10,642,793
Accumulated depreciation
At 01 April 2024	5,068		3,550,750		336,158		3,891,976
Charge for the financial year	693		854,897		117,012		972,602
Disposals	0		( 545,171)		( 17,543)		( 562,714)
At 31 March 2025	5,761		3,860,476		435,627		4,301,864
Net book value
At 31 March 2025	28,873		5,652,876		659,180		6,340,929
At 31 March 2024	29,566		5,782,507		444,699		6,256,772

5. Stocks

	2025		2024
	£		£
Stocks	210,661		224,588

6. Debtors

	2025		2024
	£		£
Trade debtors	1,327,122		1,141,047
Amounts owed by directors	0		5,847
Prepayments	5,399		3,835
VAT recoverable	79,701		0
Other debtors	120,878		143,392
	1,533,100		1,294,121

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	1,053		15,000
Trade creditors	600,929		453,591
Amounts owed to directors	95,575		103,000
Accruals	7,005		6,830
Other taxation and social security	15,968		20,142
Obligations under finance leases and hire purchase contracts	1,196,101		1,060,746
Other creditors	554,495		565,845
	2,471,126		2,225,154

The amounts included and relating to hire purchase contracts are secured against the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	919,099		978,779
Other creditors	300,000		300,000
	1,219,099		1,278,779

The amounts included and relating to hire purchase contracts are secured against the assets to which they relate.

9. Related party transactions

Other related party transactions

At the year end the loan due to a related party was £554,495 and due in the prior year was £565,845, this is under normal trade terms and no interest is being charged.