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REGISTERED NUMBER: 14377101 (England and Wales)

| LUMLEY FARMING COMPANY LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |

LUMLEY FARMING COMPANY LIMITED (REGISTERED NUMBER: 14377101)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

LUMLEY FARMING COMPANY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTORS: | S A Lumley

| Mrs Z L Lumley

| REGISTERED OFFICE: | 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

| REGISTERED NUMBER: | 14377101 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

LUMLEY FARMING COMPANY LIMITED (REGISTERED NUMBER: 14377101)

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 272,064 |  | 84,468 |  |

CURRENT ASSETS

Valuation | 518,655 |  | 232,200 |  |

Debtors | 5 | 114,092 |  | 82,342 |  |

Cash at bank | 82 |  | 17,253 |  |

632,829 |  | 331,795 |  |

CREDITORS

Amounts falling due within one year | 6 | 959,558 |  | 412,807 |  |

NET CURRENT LIABILITIES | (326,729 | ) | (81,012 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (54,665 | ) | 3,456 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 111,975 |  | 22,525 |  |

NET LIABILITIES | (166,640 | ) | (19,069 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | (166,740 | ) | (19,169 | ) |

SHAREHOLDERS' FUNDS | (166,640 | ) | (19,069 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

S A Lumley - Director

LUMLEY FARMING COMPANY LIMITED (REGISTERED NUMBER: 14377101)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Lumley Farming Company 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.

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.

| Turnover

| Income represents the fair value of consideration received for net invoiced sales of produce, excluding value added tax.

| Revenue in respect of the sale of produce is recognised on despatch.

| Tangible fixed assets

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

| Plant and machinery etc | - | 15% on reducing balance

| 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.

| Stocks

| Stocks are valued at the lower of cost and fair value less costs to sell, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Assets obtained under hire purchase contracts are capitalised in the statement of financial position. The assets are depreciated over their estimated useful lives.

| Basic payment

| The basic payment is recognised in the financial statements in accordance with H. M. Revenue & Customs guidance.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

LUMLEY FARMING COMPANY LIMITED (REGISTERED NUMBER: 14377101)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2023 | 99,578 |  |

| Additions | 235,607 |  |

| At 30 September 2024 | 335,185 |  |

| DEPRECIATION

| At 1 October 2023 | 15,110 |  |

| Charge for year | 48,011 |  |

| At 30 September 2024 | 63,121 |  |

| NET BOOK VALUE

| At 30 September 2024 | 272,064 |  |

| At 30 September 2023 | 84,468 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 86,621 |  | 41,401 |  |

| Amounts owed by group undertakings | 1,906 |  | 420 |  |

| VAT | - |  | 11,011 |  |

| Prepayments and accrued income | 25,565 |  | 29,510 |  |

114,092 |  | 82,342 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 36,370 |  | - |  |

| Hire purchase contracts | 80,744 |  | 16,517 |  |

| Trade creditors | 678,821 |  | 273,798 |  |

| VAT | 800 |  | - |  |

| Directors' loan accounts | 120,648 |  | 99,800 |  |

| Accruals and deferred income | 42,175 |  | 22,692 |  |

959,558 |  | 412,807 |  |

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

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 111,975 |  | 22,525 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |

LUMLEY FARMING COMPANY LIMITED (REGISTERED NUMBER: 14377101)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. | GOING CONCERN

| At the balance sheet date the company had net current liabilities of £326,729 and net liabilities of £166,640. The accounts have been prepared on a going concern basis based on the continued support of the directors and shareholders.