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REGISTERED NUMBER: 00983080 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Polehanger Farms Limited

| Polehanger Farms Limited (Registered number: 00983080) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Polehanger Farms Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | A J Foster

| Mrs C Foster

| SECRETARY: | A J Foster

| REGISTERED OFFICE: | Polehanger Farm

| Meppershall

| Shefford

| Bedfordshire

| SG17 5LH

| REGISTERED NUMBER: | 00983080 (England and Wales)

| ACCOUNTANTS: | Hardcastle Burton LLP

| Lake House

| Market Hill

| Royston

| Hertfordshire

| SG8 9JN

| Polehanger Farms Limited (Registered number: 00983080) |

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 893,494 |  | 939,583 |  |

Investments | 5 | 1 |  | 1 |  |

Investment property | 6 | 3,790,000 |  | 3,790,000 |  |

4,683,495 |  | 4,729,584 |  |

CURRENT ASSETS

Stocks | 7 | 160,455 |  | 160,249 |  |

Debtors | 8 | 48,066 |  | 51,917 |  |

Cash at bank | 101,747 |  | 143,569 |  |

310,268 |  | 355,735 |  |

CREDITORS

Amounts falling due within one year | 9 | 165,657 |  | 180,409 |  |

NET CURRENT ASSETS | 144,611 |  | 175,326 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,828,106 |  | 4,904,910 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (796,127 | ) | (818,221 | ) |

PROVISIONS FOR LIABILITIES | (388,193 | ) | (395,858 | ) |

NET ASSETS | 3,643,786 |  | 3,690,831 |  |

CAPITAL AND RESERVES

Called up share | 13 | 51,300 |  | 51,300 |  |

Non-distributable reserve | 14 | 2,796,987 |  | 2,789,322 |  |

Capital redemption reserve | 83,700 |  | 83,700 |  |

Retained earnings | 711,799 |  | 766,509 |  |

SHAREHOLDERS' FUNDS | 3,643,786 |  | 3,690,831 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

| Polehanger Farms Limited (Registered number: 00983080) |

Balance Sheet - continued

30 June 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2026 and were signed on its behalf by:

A J Foster - Director

| Polehanger Farms Limited (Registered number: 00983080) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Polehanger Farms 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Freehold property |  | - |  | No depreciation is charged on land and options over land are depreciated over the life of the option |  |

| Improvements to property |  | - |  | 5% on cost |  |

| Plant and machinery |  | - |  | 33% on cost, 25% on reducing balance and 10% on reducing balance |  |

| 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

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Polehanger Farms Limited (Registered number: 00983080) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and |

| property |  | property |  | machinery |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 230,203 |  | 979,422 |  | 90,617 |  | 1,300,242 |  |

| Additions | - |  | 1,930 |  | 7,789 |  | 9,719 |  |

| At 30 June 2025 | 230,203 |  | 981,352 |  | 98,406 |  | 1,309,961 |  |

| DEPRECIATION

| At 1 July 2024 | 23,752 |  | 287,474 |  | 49,433 |  | 360,659 |  |

| Charge for year | - |  | 44,896 |  | 10,912 |  | 55,808 |  |

| At 30 June 2025 | 23,752 |  | 332,370 |  | 60,345 |  | 416,467 |  |

| NET BOOK VALUE

| At 30 June 2025 | 206,451 |  | 648,982 |  | 38,061 |  | 893,494 |  |

| At 30 June 2024 | 206,451 |  | 691,948 |  | 41,184 |  | 939,583 |  |

| Polehanger Farms Limited (Registered number: 00983080) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 1 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1 |  |

| At 30 June 2024 | 1 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024

| and 30 June 2025 | 3,790,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 3,790,000 |  |

| At 30 June 2024 | 3,790,000 |  |

| Fair value at 30 June 2025 is represented by:

£ |

| Valuation in 2004 | 736,471 |  |

| Valuation in 2019 | 286,500 |  |

| Valuation in 2023 | 305,000 |  |

| Valuation in 2024 | 1,250,000 |  |

| Cost | 1,212,029 |  |

3,790,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

| 30.6.25 |  | 30.6.24

£ | £ |

| Cost | 1,212,029 |  | 1,212,029 |  |

| Investment property was valued on an open market basis on 30 June 2024 by the directors .

7. | STOCKS

| 30.6.25 |  | 30.6.24

£ | £ |

| Stocks | 101,255 |  | 101,049 |  |

| Work-in-progress | 59,200 |  | 59,200 |  |

160,455 |  | 160,249 |  |

| Polehanger Farms Limited (Registered number: 00983080) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 12,399 |  | 16,069 |  |

| Other debtors | 6,117 |  | 14,015 |  |

| VAT | 1,968 |  | 8,910 |  |

| Prepayments and accrued income | 27,582 |  | 12,923 |  |

48,066 |  | 51,917 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 55,068 |  | 18,876 |  |

| Trade creditors | 24,846 |  | 78,584 |  |

| Social security and other taxes | 7,616 |  | 8,902 |  |

| Other creditors | 28,254 |  | 40,267 |  |

| Directors' loan accounts | 446 |  | 317 |  |

| Accruals and deferred income | 49,427 |  | 33,463 |  |

165,657 |  | 180,409 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 796,127 |  | 818,221 |  |

11. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 30.6.25 |  | 30.6.24

£ | £ |

| Within one year | 4,274 |  | 6,412 |  |

| Between one and five years | - |  | 4,274 |  |

4,274 |  | 10,686 |  |

12. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank overdraft | 34,217 |  | - |  |

| Bank loans | 816,978 |  | 837,097 |  |

851,195 |  | 837,097 |  |

| The bank loans are secured by fixed charges over the freehold property known as part of Polehanger Farm, Shefford Road, Meppershall, Shefford, SG17 5LH.

| Polehanger Farms Limited (Registered number: 00983080) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

13. | CALLED UP SHARE

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 51,300 | Ordinary | £1 | 51,300 |  | 51,300 |  |

14. | RESERVES

| Non-distributable

| reserve

£ |

| At 1 July 2024 | 2,789,322 |  |

| Transfer | 7,665 |  |

| At 30 June 2025 | 2,796,987 |  |