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REGISTERED NUMBER: 10608732 (England and Wales)

SYKES FARMING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

SYKES FARMING LIMITED (REGISTERED NUMBER: 10608732)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SYKES FARMING LIMITED

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | Mrs P A Sykes

| P Sykes

| REGISTERED OFFICE: | Two Gates Cottage

| 1 Victoria Gate

| Hill House Road

| Holmfirth

| West Yorkshire

| HD9 2SY

| REGISTERED NUMBER: | 10608732 (England and Wales)

| ACCOUNTANTS: | SMH Sheards

| Vernon House

| 40 New North Road

| Huddersfield

| West Yorkshire

| HD1 5LS

SYKES FARMING LIMITED (REGISTERED NUMBER: 10608732)

BALANCE SHEET

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 20,207 |  | 24,360 |  |

CURRENT ASSETS

Stocks | 22,950 |  | 52,740 |  |

Debtors | 5 | 343 |  | 1,491 |  |

Cash at bank | 3,710 |  | 14,160 |  |

27,003 |  | 68,391 |  |

CREDITORS

Amounts falling due within one year | 6 | (268,114 | ) | (281,338 | ) |

NET CURRENT LIABILITIES | (241,111 | ) | (212,947 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (220,904 | ) | (188,587 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | (2,500 | ) | (13,674 | ) |

NET LIABILITIES | (223,404 | ) | (202,261 | ) |

CAPITAL AND RESERVES

Called up share capital | 90 |  | 90 |  |

Retained earnings | (223,494 | ) | (202,351 | ) |

SHAREHOLDERS' FUNDS | (223,404 | ) | (202,261 | ) |

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

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

SYKES FARMING LIMITED (REGISTERED NUMBER: 10608732)

BALANCE SHEET - continued

31 March 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 23 March 2026 and were signed on its behalf by:

Mrs P A Sykes - Director

P Sykes - Director

SYKES FARMING LIMITED (REGISTERED NUMBER: 10608732)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Sykes Farming 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

| The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of the assumption relies on the continuing support of the directors.

| Turnover

| Turnover is represented by the invoiced sales of goods which are recognised when the services are provided.

| 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 | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

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

| Financial instruments

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

| Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

| Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

| Basic financial liabilities, including trade and other creditors, bank loans, finance leases and accruals are initially recognised at transaction price.

| Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

| Taxation

| Taxation for the year comprises current 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 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.

SYKES FARMING LIMITED (REGISTERED NUMBER: 10608732)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 81,533 |  |

| Additions | 2,582 |  |

| At 31 March 2025 | 84,115 |  |

| DEPRECIATION

| At 1 April 2024 | 57,173 |  |

| Charge for year | 6,735 |  |

| At 31 March 2025 | 63,908 |  |

| NET BOOK VALUE

| At 31 March 2025 | 20,207 |  |

| At 31 March 2024 | 24,360 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 605 |  |

| Other debtors | 343 |  | 886 |  |

343 |  | 1,491 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,003 |  | 10,001 |  |

| Hire purchase contracts | 1,172 |  | 4,239 |  |

| Taxation and social security | 402 |  | 3,934 |  |

| Other creditors | 256,537 |  | 263,164 |  |

268,114 |  | 281,338 |  |

SYKES FARMING LIMITED (REGISTERED NUMBER: 10608732)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 2,500 |  | 12,502 |  |

| Hire purchase contracts | - |  | 1,172 |  |

2,500 |  | 13,674 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 12,503 |  | 22,503 |  |

| Hire purchase contracts | 1,172 |  | 5,411 |  |

13,675 |  | 27,914 |  |

| The bank loan is a loan secured by a Government backed initiative.

| Hire purchase liabilities are secured over the asset to which the agreement relates.

9. | RELATED PARTY DISCLOSURES

| Loans owing to the directors on an interest free basis of £254,568 (2024: £260,987) were outstanding at the year end. Loans will be repaid when funds permit.