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Registration number: 10880420

Earthy Properties Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

Earthy Properties Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Earthy Properties Limited

(Registration number: 10880420)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,764,172 | 1,511,000
Current assets |  |  |
Debtors | 5 | 6,250 | 7,450
Cash at bank and in hand |  | 6,063 | 1,398
|  | 12,313 | 8,848
Creditors: Amounts falling due within one year | 6 | (88,671) | (819,983)
Net current liabilities |  | (76,358) | (811,135)
Total assets less current liabilities |  | 1,687,814 | 699,865
Creditors: Amounts falling due after more than one year | 6 | (939,330) | (83,500)
Provisions for liabilities |  | (152,915) | (127,916)
Net assets |  | 595,569 | 488,449
Capital and reserves |  |  |
Called up share capital |  | 10 | 10
Other reserves |  | 458,743 | 383,743
Retained earnings |  | 136,816 | 104,696
Shareholders' funds |  | 595,569 | 488,449

Earthy Properties Limited

(Registration number: 10880420)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 January 2026 and signed on its behalf by:

Mr TR Earthy Director | Mrs K E Earthy Director |

Earthy Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rose Farm
Shapwick Road
Westhay
Glastonbury
Somerset
BA6 9TU

These financial statements were authorised for issue by the Board on 9 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current and deferred 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Earthy Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the directors. The valuations are prepared using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Earthy Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the entity;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

4 | Investment properties

| 2025 £
At 1 August | 1,511,000
Additions | 153,172
Fair value adjustments | 100,000
At 31 July | 1,764,172

The investment properties have been revalued by the directors at their open market value at 31 July 2025.

There has been no valuation of investment property by an independent valuer.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 6,250 | 7,450
| 6,250 | 7,450

Earthy Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Loans and borrowings | 7 | - | 3,000
Owed by/(from) group undertakings |  | 28,069 | 28,069
Amounts due to related parties | 8 | 31,400 | 769,272
Other creditors |  | 7,788 | 7,450
Accruals |  | 3,781 | 3,588
Corporation tax liability |  | 17,633 | 8,604
|  | 88,671 | 819,983
Due after one year |  |  |
Loans and borrowings | 7 | 939,330 | 83,500

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years not by instalments | 939,330 | 81,000

| - | -

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 3,000

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 939,330 | 81,000
Other borrowings | - | 2,500
| 939,330 | 83,500

Hire purchase contracts are secured against the assets to which they relate.

Earthy Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8 | Related party transactions

During the year the directors maintained a loan with the company. The loan is interest free and repayable on demand.

Loans from related parties

2025 | Key management £ | Total £
At start of period | 769,272 | 769,272
Advanced | 1,140,578 | 1,140,578
Repaid | (1,878,450) | (1,878,450)
At end of period | 31,400 | 31,400

2024 | Key management £ | Total £
At start of period | 326,856 | 326,856
Advanced | 525,046 | 525,046
Repaid | (82,630) | (82,630)
At end of period | 769,272 | 769,272