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REGISTERED NUMBER: 01144470 (England and Wales)

| Financial Statements |

| For The Year Ended 31 December 2025 |

| for |

| Sotby Farming Company Limited |

| Sotby Farming Company Limited (Registered number: 01144470) |

Contents of the Financial Statements

For The Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Sotby Farming Company Limited |

Company Information

For The Year Ended 31 December 2025

| DIRECTORS: | Mr J W Lawson

| Mrs C M Lawson

| Miss A J Lawson

| Miss C J Lawson

| SECRETARY: | Mr J W Lawson

| REGISTERED OFFICE: | Chapelfield

| Church Street

| NETTLETON

| Lincolnshire

| LN7 6NP

| REGISTERED NUMBER: | 01144470 (England and Wales)

| ACCOUNTANTS: | Nicholsons

| Chartered Accountants

| Newland House

| The Point

| Weaver Road

| LINCOLN

| Lincolnshire

| LN6 3QN

| BANKERS: | NatWest Bank plc

| Louth Branch

| Market Place

| LOUTH

| Lincolnshire

| LN11 9NX

| Sotby Farming Company Limited (Registered number: 01144470) |

Abridged Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 37,977 |  | 50,216 |  |

Investments | 5 | 618,525 |  | 600,760 |  |

Investment property | 6 | 4,034,436 |  | 4,034,436 |  |

4,690,938 |  | 4,685,412 |  |

CURRENT ASSETS

Debtors | 45,189 |  | 44,174 |  |

Cash at bank | 1,005,409 |  | 845,912 |  |

1,050,598 |  | 890,086 |  |

CREDITORS

Amounts falling due within one year | 551,576 |  | 600,762 |  |

NET CURRENT ASSETS | 499,022 |  | 289,324 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,189,960 |  | 4,974,736 |  |

PROVISIONS FOR LIABILITIES | 2,109 |  | 4,690 |  |

NET ASSETS | 5,187,851 |  | 4,970,046 |  |

CAPITAL AND RESERVES

Called up share capital | 222 |  | 222 |  |

Share premium | 69,522 |  | 69,522 |  |

Retained earnings | 5,118,107 |  | 4,900,302 |  |

SHAREHOLDERS' FUNDS | 5,187,851 |  | 4,970,046 |  |

| Sotby Farming Company Limited (Registered number: 01144470) |

Abridged Balance Sheet - continued

31 December 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 March 2026 and were signed on its behalf by:

Mrs C M Lawson - Director

| Sotby Farming Company Limited (Registered number: 01144470) |

Notes to the Financial Statements

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Sotby 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 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 annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 10% on cost

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

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 20% on cost

| 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.

| Financial instruments

| Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

| Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

| Cash at bank is classified as a basic financial instrument and is measured at transaction price.

| Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

| Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

| 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.

| Sotby Farming Company Limited (Registered number: 01144470) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Investments

| Other investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Investments held as current assets are stated at the lower of cost and net realisable value.

| Operating leases

| Assets held for use in operating leases are included as a separate category in fixed assets, where they are stated at open market value on an existing use basis. No depreciation is charged on the assets.

| Rental income from operating leases is recognised on a straight line basis over the term of the lease.

| Rentals payable under operating leases are charged against income on a straight line basis over the term of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 287,784 |  |

| DEPRECIATION

| At 1 January 2025 | 237,568 |  |

| Charge for year | 12,239 |  |

| At 31 December 2025 | 249,807 |  |

| NET BOOK VALUE

| At 31 December 2025 | 37,977 |  |

| At 31 December 2024 | 50,216 |  |

| Sotby Farming Company Limited (Registered number: 01144470) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 January 2025 | 600,760 |  |

| Additions | 17,765 |  |

| At 31 December 2025 | 618,525 |  |

| NET BOOK VALUE

| At 31 December 2025 | 618,525 |  |

| At 31 December 2024 | 600,760 |  |

| Included above are listed investments at a cost of £618,525 (2024: £600,760). The market value of these investments at 31 December 2025 was £1,224,168 (2024: £1,052,948).

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 4,034,436 |  |

| NET BOOK VALUE

| At 31 December 2025 | 4,034,436 |  |

| At 31 December 2024 | 4,034,436 |  |

| Agricultural property was valued by the Directors on an open market basis at £3,466,302 (2024: £3,466,302) with an original cost of £2,526,823 (2024: £2,526,823).

| An investment property consisting of a half share in a hotel property including associated trade fittings, was included at its cost of £293,516 (2024: £293,516). Had the property of £293,516 been depreciated in accordance with the Companies Act 2006 the charge for the year would have been £3,759 (2024: £3,829) and the net book value at 31 December 2025 £205,110 (2024: £208,869).

| An investment property consisting of a warehouse was included at its cost of £274,618. If this had been depreciated in accordance with the Companies Act 2006 the charge for the year would have been £4,492 (2024: £4,492) and the net book value at 31 December 2025 £211,725 (2024: £216,218).

| If the investment properties were sold at their revalued amounts additional corporation tax of £136,442 (2024: £136,442) would become due.

| Investment properties were available for letting under operating leases and rents received amounted to £132,758 (2024: £126,809).

| Sotby Farming Company Limited (Registered number: 01144470) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2001 | 142,279 |  |

| Valuation in 2009 | 402,900 |  |

| Valuation in 2015 | 155,440 |  |

| Valuation in 2023 | 238,860 |  |

| Cost | 3,094,957 |  |

4,034,436 |  |

7. | RELATED PARTY DISCLOSURES

| Included within creditors are loans from the directors of £376,331 (2024: £427,869). These amounts are unsecured, interest free and repayable on demand.