Company No: 08126718 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Lady C G Bamford
	D J A Grant (Appointed 19 September 2025)
	J A G Robets (Appointed 19 September 2025)

REGISTERED OFFICE	45 Gresham Street
	London
	EC2V 7BG
	United Kingdom

COMPANY NUMBER

08126718 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor EQ Building
	111 Victoria Street
	Redcliffe
	Bristol
	BS1 6AX

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,786,881		3,030,000
		6,786,881		3,030,000
Current assets
Stocks	4	3,001,100		3,000,000
Debtors	5	620,585		58,814
Cash at bank and in hand		7,598,152		922,735
		11,219,837		3,981,549
Creditors: amounts falling due within one year	6	( 21,064,262)		( 10,068,501)
Net current liabilities		(9,844,425)		(6,086,952)
Total assets less current liabilities		(3,057,544)		(3,056,952)
Net liabilities		( 3,057,544)		( 3,056,952)
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		( 3,058,544 )		( 3,057,952 )
Total shareholder's deficit		( 3,057,544)		( 3,056,952)

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 member has 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 Profit and Loss Account has not been delivered.

The financial statements of The Mill at Kingham Limited (registered number: 08126718) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

Lady C G Bamford 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

The Mill at Kingham Limited (the Company) is a private limited company, limited by shares, incorporated in England and Wales. The address of the registered office is 45 Gresham Street, England, EC2V 7BG. The registered number is 08126718.

The financial statements have been prepared in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Going concern

The Company is reliant on a loan from the director, who has confirmed their intention to continue to support the Company for the foreseeable future. As such, the financial statements have been prepared on a going concern basis.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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, freehold land and property under development, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings

not depreciated

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Land and buildings are not depreciated while under development.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks relating to land and property are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 April 2024	3,030,000		3,030,000
Additions	3,756,881		3,756,881
At 31 March 2025	6,786,881		6,786,881
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	6,786,881		6,786,881
At 31 March 2024	3,030,000		3,030,000

During the previous year, land and buildings with an aggregate value of £3,030,000, previously held as stock, was reclassified as fixed assets on the basis that these were no longer held for sale and the site developed.

4. Stocks

	2025		2024
	£		£
Stocks	3,001,100		3,000,000

An impairment loss of £Nil (2024 - £1,305,635) was recognised in administrative expenses against stock during the year due to an external valuation of the stock of property in March 2024.

During the previous year, land and buildings with an aggregate value of £3,030,000, previously held as stock, was reclassified as fixed assets on the basis that these were no longer held for sale and the site developed.

5. Debtors

	2025		2024
	£		£
Other debtors	620,585		58,814

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	92,804		82,903
Amounts owed to related parties	2,363,049		1,374,773
Accruals	7,954		10,370
Other creditors	18,600,455		8,600,455
	21,064,262		10,068,501

Included in other creditors is £18,600,000 (£8,600,000) secured by a fixed and floating charge over the freehold property of the company.

7. Related party transactions

Included in other creditors due within one year is an amount of £18,600,000 (2024 - £8,600,000) due to a director. No interest is charged and the balance is repayable on demand.

During the year expenses of £988,276 (2024 - £1,305,606) were paid on behalf of the company by entities connected through common directorship. At the year end £2,363,049 (2024 - £1,374,773) remained outstanding.