Silverfin false false 31/12/2025 01/01/2025 31/12/2025 Mr J C S Hosking 15/12/2003 Mr J F S Hosking 15/12/2003 Ms K M Widdows 17/06/2021 Mr J C S Hosking 27 March 2026 The principal activity of the Company during the financial year was the production and raising of plants for wholesale and retail sale. 04994821 2025-12-31 04994821 bus:Director1 2025-12-31 04994821 bus:Director2 2025-12-31 04994821 bus:Director3 2025-12-31 04994821 2024-12-31 04994821 core:CurrentFinancialInstruments 2025-12-31 04994821 core:CurrentFinancialInstruments 2024-12-31 04994821 core:Non-currentFinancialInstruments 2025-12-31 04994821 core:Non-currentFinancialInstruments 2024-12-31 04994821 core:ShareCapital 2025-12-31 04994821 core:ShareCapital 2024-12-31 04994821 core:RetainedEarningsAccumulatedLosses 2025-12-31 04994821 core:RetainedEarningsAccumulatedLosses 2024-12-31 04994821 core:LandBuildings 2024-12-31 04994821 core:PlantMachinery 2024-12-31 04994821 core:Vehicles 2024-12-31 04994821 core:LandBuildings 2025-12-31 04994821 core:PlantMachinery 2025-12-31 04994821 core:Vehicles 2025-12-31 04994821 bus:OrdinaryShareClass1 2025-12-31 04994821 2025-01-01 2025-12-31 04994821 bus:FilletedAccounts 2025-01-01 2025-12-31 04994821 bus:SmallEntities 2025-01-01 2025-12-31 04994821 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 04994821 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04994821 bus:Director1 2025-01-01 2025-12-31 04994821 bus:Director2 2025-01-01 2025-12-31 04994821 bus:Director3 2025-01-01 2025-12-31 04994821 bus:CompanySecretary1 2025-01-01 2025-12-31 04994821 core:LandBuildings core:TopRangeValue 2025-01-01 2025-12-31 04994821 core:PlantMachinery 2025-01-01 2025-12-31 04994821 core:PlantMachinery core:BottomRangeValue 2025-01-01 2025-12-31 04994821 core:PlantMachinery core:TopRangeValue 2025-01-01 2025-12-31 04994821 core:Vehicles 2025-01-01 2025-12-31 04994821 2024-01-01 2024-12-31 04994821 core:LandBuildings 2025-01-01 2025-12-31 04994821 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 04994821 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04994821 (England and Wales)

# FENTONGOLLAN FARMS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

FENTONGOLLAN FARMS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

FENTONGOLLAN FARMS LIMITED

## BALANCE SHEET

As at 31 December 2025
FENTONGOLLAN FARMS LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,192,537 |  | 2,218,133
|  | 2,192,537 |  | 2,218,133
Current assets |  |  |  |
Stocks | 4 | 713,682 |  | 588,689
Debtors | 5 | 111,753 |  | 218,495
Cash at bank and in hand |  | 24,165 |  | 22,543
|  | 849,600 |  | 829,727
Creditors: amounts falling due within one year | 6 | ( 871,551) |  | ( 620,245)
Net current (liabilities)/assets |  | (21,951) |  | 209,482
Total assets less current liabilities |  | 2,170,586 |  | 2,427,615
Creditors: amounts falling due after more than one year | 7 | ( 396,732) |  | ( 635,238)
Provision for liabilities |  | ( 463,541) |  | ( 462,053)
Net assets |  | 1,310,313 |  | 1,330,324
Capital and reserves |  |  |  |
Called-up share capital | 8 | 600 |  | 600
Profit and loss account |  | 1,309,713 |  | 1,329,724
Total shareholders' funds |  | 1,310,313 |  | 1,330,324

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Fentongollan Farms Limited (registered number: 04994821) were approved and authorised for issue by the Board of Directors on 27 March 2026. They were signed on its behalf by:

Mr J F S Hosking Director |

FENTONGOLLAN FARMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
FENTONGOLLAN FARMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Fentongollan Farms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is
Fentongollan Farms
Tresillian
Truro
Cornwall
TR2 4AQ
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Land and buildings | 20 years straight line
| depreciated over the life of the lease
Plant and machinery | 15 - 25 % reducing balance
| 5 - 10 years straight line
Vehicles | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 16 |  | 20

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 410,044 |  | 2,805,683 |  | 944,056 |  | 4,159,783
Additions | 69,622 |  | 286,868 |  | 25,500 |  | 381,990
Disposals | 0 |  | ( 30,016) |  | ( 12,800) |  | ( 42,816)
At 31 December 2025 | 479,666 |  | 3,062,535 |  | 956,756 |  | 4,498,957
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2025 | 64,763 |  | 1,513,393 |  | 363,494 |  | 1,941,650
Charge for the financial year | 22,478 |  | 247,534 |  | 118,199 |  | 388,211
Disposals | 0 |  | ( 18,680) |  | ( 4,761) |  | ( 23,441)
At 31 December 2025 | 87,241 |  | 1,742,247 |  | 476,932 |  | 2,306,420
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 392,425 |  | 1,320,288 |  | 479,824 |  | 2,192,537
At 31 December 2024 | 345,281 |  | 1,292,290 |  | 580,562 |  | 2,218,133
Leased assets included above: |  |  |  |  |  |  |
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 0 |  | 269,869 |  | 360,681 |  | 630,550
At 31 December 2024 | 0 |  | 199,759 |  | 507,628 |  | 707,387

Included within the net book value of land and buildings above is £392,425 (2024 - £345,281) in respect of short leasehold land and buildings.

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 713,682 |  | 588,689

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 37,832 |  | 75,838
Amounts owed by directors | 34,481 |  | 53,222
Prepayments | 0 |  | 8,775
VAT recoverable | 27,803 |  | 62,698
Other debtors | 11,637 |  | 17,962
| 111,753 |  | 218,495

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 538,323 |  | 199,460
Trade creditors | 49,433 |  | 129,242
Accruals | 18,081 |  | 32,164
Taxation and social security | 51,400 |  | 45,209
Obligations under finance leases and hire purchase contracts | 127,567 |  | 132,904
Other creditors | 86,747 |  | 81,266
| 871,551 |  | 620,245

The company bankers hold a fixed and floating charge over the company assets

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 209,722 |  | 306,565
Obligations under finance leases and hire purchase contracts | 84,718 |  | 212,285
Other creditors | 102,292 |  | 116,388
| 396,732 |  | 635,238

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
600 Ordinary shares of £ 1.00 each | 600 |  | 600

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
J F S Hosking | (14,903) |  | (22,558)
J C Hosking | (19,578) |  | (30,664)

J F S Hosking was advanced £38,869 during the year and repaid £46,524. Interest is being charged on the loan at 2.25% and 3.75%.
J C Hosking was advanced £31,853 during the year and repaid £42,939. Interest is being charged on the loan at 2.25% and 3.75%.