REGISTERED NUMBER: 07586876 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2025

for

Tregare Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D R E Parry

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

07586876 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

137,000

139,281

137,000

139,281

CURRENT ASSETS

Stocks

7

13,700

12,985

Debtors

8

1,276

16,980

Cash in hand

100

100

15,076

30,065

CREDITORS

Amounts falling due within one year

9

108,010

84,230

NET CURRENT LIABILITIES

(92,934

)

(54,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,066

85,116

CREDITORS

Amounts falling due after more than one year

10

76,898

89,970

NET LIABILITIES

(32,832

)

(4,854

)

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

(32,932

)

(4,954

)

SHAREHOLDERS' FUNDS

(32,832

)

(4,854

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

D R E Parry - Director

1.	STATUTORY INFORMATION

Tregare 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the directors believe that the company will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Single Farm Payment Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 15% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 March 2024

and 30 March 2025

10,485

AMORTISATION

At 31 March 2024

and 30 March 2025

10,485

NET BOOK VALUE

At 30 March 2025

-

At 30 March 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Sheep

property

machinery

vehicles

Flock

Totals

£

£

£

£

£

COST

At 31 March 2024

147,875

46,466

500

13,500

208,341

Additions

-

-

-

4,320

4,320

At 30 March 2025

147,875

46,466

500

17,820

212,661

DEPRECIATION

At 31 March 2024

38,207

30,354

499

-

69,060

Charge for year

2,958

3,643

-

-

6,601

At 30 March 2025

41,165

33,997

499

-

75,661

NET BOOK VALUE

At 30 March 2025

106,710

12,469

1

17,820

137,000

At 30 March 2024

109,668

16,112

1

13,500

139,281

7.

STOCKS

30.3.25

30.3.24

£

£

Stocks

13,700

12,985

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade debtors

-

5,384

Other debtors

1,276

11,596

1,276

16,980

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans and overdrafts

21,434

26,515

Trade creditors

17,933

16,774

Taxation and social security

3,859

3,655

Other creditors

64,784

37,286

108,010

84,230

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans

76,898

89,970

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

30,813

53,214

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.25

30.3.24

£

£

Bank loans

90,063

101,866

The bank loan is secured by a first Mortgage Deed, over the freehold property, Tregare Farm and land at Monmouth comprising 40 acres.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.25

30.3.24

value:

£

£

100

Ordinary

1

100

100

13.	GOING CONCERN BASIS

The director is committed to providing funding to the company in order to ensure it can continue to trade and as such believes that it remains appropriate to draw up accounts on a going concern basis.