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REGISTERED NUMBER: 02900929 (England and Wales)

| HOLYOAKS FARM LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

HOLYOAKS FARM LIMITED (REGISTERED NUMBER: 02900929)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

| Page |

Company Information | 1 |

Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 7

HOLYOAKS FARM LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | D P J Ross

| REGISTERED OFFICE: | Nevill Holt Hall

| Nevill Holt

| Market Harborough

| LE16 8EG

| REGISTERED NUMBER: | 02900929 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 14 All Saints Street

| Stamford

| Lincolnshire

| PE9 2PA

HOLYOAKS FARM LIMITED (REGISTERED NUMBER: 02900929)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Property, plant and equipment | 5 | 3,903,924 |  | 986,247 |  |

Investment property | 6 | 500,000 |  | 500,000 |  |

4,403,924 |  | 1,486,247 |  |

CURRENT ASSETS

Inventories | 178,694 |  | 193,444 |  |

Debtors | 7 | 99,631 |  | 61,405 |  |

Cash at bank | 14,647 |  | 66,770 |  |

292,972 |  | 321,619 |  |

CREDITORS

Amounts falling due within one year | 8 | 95,185 |  | 47,512 |  |

NET CURRENT ASSETS | 197,787 |  | 274,107 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,601,711 |  | 1,760,354 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (3,578,231 | ) | (698,500 | ) |

PROVISIONS FOR LIABILITIES | (5,453 | ) | (14,866 | ) |

NET ASSETS | 1,018,027 |  | 1,046,988 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 563,700 |  | 563,700 |  |

Fair value reserve | 11 | 57,737 |  | 57,737 |  |

Retained earnings | 11 | 396,590 |  | 425,551 |  |

SHAREHOLDERS' FUNDS | 1,018,027 |  | 1,046,988 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

HOLYOAKS FARM LIMITED (REGISTERED NUMBER: 02900929)

BALANCE SHEET - continued

31 DECEMBER 2024

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2026 and were signed by:

D P J Ross - Director

HOLYOAKS FARM LIMITED (REGISTERED NUMBER: 02900929)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Holyoaks Farm 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. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents net invoiced sales of produce and catering and functions services, excluding value added tax.

| Sales of produce are recognised on dispatch. Sales of catering and functions services are recognised when the service is performed.

| Tangible fixed assets

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

| Freehold property | - | not provided

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 20% on cost

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stock represents the farm valuation which has been prepared by independent valuers at the lower of cost and fair value less costs to complete and sell.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

| Basic farm payment

| The Basic Farm Payment is recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

HOLYOAKS FARM LIMITED (REGISTERED NUMBER: 02900929)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Basic payment entitlements

| Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

| Entitlements

£ |

| COST

| At 1 January 2024 | 39,517 |  |

| Disposals | (39,517 | ) |

| At 31 December 2024 | - |  |

| AMORTISATION

| At 1 January 2024 | 39,517 |  |

| Eliminated on disposal | (39,517 | ) |

| At 31 December 2024 | - |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

5. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 974,115 |  | 7,024 |  | 18,183 |  | 2,916 |  | 1,002,238 |  |

| Additions | 2,884,485 |  | 28,361 |  | 11,209 |  | - |  | 2,924,055 |  |

| At 31 December 2024 | 3,858,600 |  | 35,385 |  | 29,392 |  | 2,916 |  | 3,926,293 |  |

| DEPRECIATION

| At 1 January 2024 | - |  | 7,024 |  | 6,051 |  | 2,916 |  | 15,991 |  |

| Charge for year | - |  | 2,547 |  | 3,831 |  | - |  | 6,378 |  |

| At 31 December 2024 | - |  | 9,571 |  | 9,882 |  | 2,916 |  | 22,369 |  |

| NET BOOK VALUE

| At 31 December 2024 | 3,858,600 |  | 25,814 |  | 19,510 |  | - |  | 3,903,924 |  |

| At 31 December 2023 | 974,115 |  | - |  | 12,132 |  | - |  | 986,247 |  |

HOLYOAKS FARM LIMITED (REGISTERED NUMBER: 02900929)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 500,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 500,000 |  |

| At 31 December 2023 | 500,000 |  |

| Fair value at 31 December 2024 is represented by:

£ |

| Valuation in 2021 | 500,000 |  |

| Investment property relating to Sophie's Barn was valued for insurance purposes at £515,000. The director believes that the fair value of this property as at 31 December 2024 is £500,000.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 78,866 |  | 37,915 |  |

| Other debtors | 14,719 |  | 5,493 |  |

| Prepayments | 6,046 |  | 17,997 |  |

99,631 |  | 61,405 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 79,029 |  | 28,282 |  |

| Accruals and deferred income | 16,156 |  | 19,230 |  |

95,185 |  | 47,512 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Director's current account | 3,578,231 |  | 698,500 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 563,700 | Ordinary | £1 | 563,700 |  | 563,700 |  |

HOLYOAKS FARM LIMITED (REGISTERED NUMBER: 02900929)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

11. | RESERVES

|  | Fair Value reserve |  |

| £ |  |

| Balance at 1 January 2024 |  |  | 57,737 |  |

| Revaluation of investment property |  |  | - |  |

| Deferred tax movement on investment property |  |  | - |  |

| Balance at 31 December 2024 |  |  | 57,737 |  |

| The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to separate non-distributable revaluation and fair value reserves in order to assist with the identification of profits available for distribution.