Company No: 05599174 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	4,532,208		4,668,061
		4,532,208		4,668,061
Current assets
Stocks	5	590,161		585,798
Debtors	6	271,057		272,727
		861,218		858,525
Creditors: amounts falling due within one year	7	( 1,263,728)		( 1,228,710)
Net current liabilities		(402,510)		(370,185)
Total assets less current liabilities		4,129,698		4,297,876
Creditors: amounts falling due after more than one year	8	( 2,361,682)		( 2,671,723)
Provision for liabilities		( 258,659)		( 196,806)
Net assets		1,509,357		1,429,347
Capital and reserves
Called-up share capital		1,660,100		1,660,100
Profit and loss account		( 150,743 )		( 230,753 )
Total shareholders' funds		1,509,357		1,429,347

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 Pole Farming Limited (registered number: 05599174) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

Mr R Pole Director		Mrs B Pole Director
Mr G E Pole Director		Mrs J 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

Pole Farming 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 Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, 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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	0 - 2 % reducing balance
Biological assets	10 % reducing balance
Plant and machinery	15 % reducing balance
Vehicles	10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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	17		17

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 April 2024	150,000		46,472		196,472
Disposals	0		( 46,472)		( 46,472)
At 31 March 2025	150,000		0		150,000
Accumulated amortisation
At 01 April 2024	150,000		46,472		196,472
Disposals	0		( 46,472)		( 46,472)
At 31 March 2025	150,000		0		150,000
Net book value
At 31 March 2025	0		0		0
At 31 March 2024	0		0		0

4. Tangible assets

	Land and buildings		Biological assets		Plant and machinery		Vehicles		Total
	£		£		£		£		£
Cost
At 01 April 2024	3,635,527		845,900		1,483,922		528,401		6,493,750
Additions	0		198,700		311,010		0		509,710
Disposals	( 269,739)		( 171,500)		( 46,321)		( 23,309)		( 510,869)
At 31 March 2025	3,365,788		873,100		1,748,611		505,092		6,492,591
Accumulated depreciation
At 01 April 2024	427,352		221,432		1,080,979		95,926		1,825,689
Charge for the financial year	2,870		110,575		76,544		41,238		231,227
Disposals	0		( 64,766)		( 28,563)		( 3,204)		( 96,533)
At 31 March 2025	430,222		267,241		1,128,960		133,960		1,960,383
Net book value
At 31 March 2025	2,935,566		605,859		619,651		371,132		4,532,208
At 31 March 2024	3,208,175		624,468		402,943		432,475		4,668,061

5. Stocks

	2025		2024
	£		£
Stocks (secured)	590,161		585,798

6. Debtors

	2025		2024
	£		£
Trade debtors	222,840		262,076
Amounts owed by directors	0		6,537
Prepayments	3,545		2,114
VAT recoverable	34,260		0
Other debtors	10,412		2,000
	271,057		272,727

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	290,904		453,082
Trade creditors	283,714		342,886
Amounts owed to directors	561,841		311,915
Accruals	16,671		16,588
Other taxation and social security	5,970		9,477
Obligations under finance leases and hire purchase contracts	104,628		94,762
	1,263,728		1,228,710

The hire purchase liabilities of £104,628 (2024 - £94,760) are secured on the assets to which they relate. The bank
loans of £92,431 (2024 - £87,924) are secured against specific titles of freehold property.

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

	2025		2024
	£		£
Bank loans	2,273,373		2,584,184
Obligations under finance leases and hire purchase contracts	88,309		87,539
	2,361,682		2,671,723

The hire purchase liabilities of £88,309 (2024 - £87,538) are secured on the assets to which they relate. The bank
loans of £2,273,373 (2024 - £2,564,184) are secured against specific titles of freehold property.

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Mr R Pole	0		6,538

In the period, there were advances made to the directors of £24,021 and repayments of £30,559. Where applicable interest has been charged at the official rate.