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REGISTERED NUMBER: 04258026 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 5 April 2025 |

| for |

| Bashfarms Limited |

Bashfarms Limited (Registered number: 04258026)

Contents of the Financial Statements

for the Year Ended 5 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Bashfarms Limited

Company Information

for the Year Ended 5 April 2025

| DIRECTOR: | H Massingberd-Mundy

| REGISTERED OFFICE: | Clapgate Farm

| Ashby Puerorum

| Horncastle

| Lincolnshire

| LN9 6QU

| REGISTERED NUMBER: | 04258026 (England and Wales)

| ACCOUNTANTS: | A C Mole LLP

| Stafford House

| Blackbrook Park Avenue

| Taunton

| Somerset

| TA1 2PX

| BANKERS: | Yorkshire Bank Plc

| 8 Guildhall Street

| Lincoln

| Lincolnshire

| LN1 1TT

Bashfarms Limited (Registered number: 04258026)

Balance Sheet

5 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 5,694,435 |  | 3,745,522 |  |

Investments | 6 | 100 |  | 100 |  |

5,694,535 |  | 3,745,622 |  |

CURRENT ASSETS

Stocks | 171,654 |  | 145,973 |  |

Debtors | 7 | 1,142,011 |  | 1,551,105 |  |

Cash at bank | 76,748 |  | 3,054 |  |

1,390,413 |  | 1,700,132 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,030,196 |  | 1,381,529 |  |

NET CURRENT ASSETS | 360,217 |  | 318,603 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,054,752 |  | 4,064,225 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (3,958,114 | ) | (2,124,241 | ) |

PROVISIONS FOR LIABILITIES | (81,676 | ) | (41,222 | ) |

NET ASSETS | 2,014,962 |  | 1,898,762 |  |

CAPITAL AND RESERVES

Called up share capital | 50 |  | 50 |  |

Revaluation reserve | 11 | 1,695,829 |  | 1,695,829 |  |

Capital redemption reserve | 50 |  | 50 |  |

Retained earnings | 319,033 |  | 202,833 |  |

2,014,962 |  | 1,898,762 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bashfarms Limited (Registered number: 04258026)

Balance Sheet - continued

5 April 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 director and authorised for issue on 3 April 2026 and were signed by:

H Massingberd-Mundy - Director

Bashfarms Limited (Registered number: 04258026)

Notes to the Financial Statements

for the Year Ended 5 April 2025

1. | STATUTORY INFORMATION

| Bashfarms 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

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are being amortised evenly over their estimated useful life of the option.

| 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 and 10% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| The freehold property and land from which the company operates has been valued at cost and is not depreciated as it is considered that the residual value of the property and land is in excess of its cost and therefore, in accordance with FRS102, there is no depreciable amount. Annual impairment reviews are undertaken in respect of this respect of this property and land to ensure its carrying value can be supported.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, 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 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.

Bashfarms Limited (Registered number: 04258026)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

2. | ACCOUNTING POLICIES - continued

| Finance leases and hire purchase contracts

| Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

| Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 4 ) .

4. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST

| At 6 April 2024

| and 5 April 2025 | 82,798 |  |

| AMORTISATION

| At 6 April 2024

| and 5 April 2025 | 82,798 |  |

| NET BOOK VALUE

| At 5 April 2025 | - |  |

| At 5 April 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 6 April 2024 | 3,273,704 |  | 1,228,930 |  | 21,099 |  | 4,523,733 |  |

| Additions | 1,982,589 |  | 150,524 |  | - |  | 2,133,113 |  |

| Disposals | - |  | (153,000 | ) | - |  | (153,000 | ) |

| At 5 April 2025 | 5,256,293 |  | 1,226,454 |  | 21,099 |  | 6,503,846 |  |

| DEPRECIATION

| At 6 April 2024 | - |  | 767,248 |  | 10,963 |  | 778,211 |  |

| Charge for year | - |  | 111,601 |  | 2,534 |  | 114,135 |  |

| Eliminated on disposal | - |  | (82,935 | ) | - |  | (82,935 | ) |

| At 5 April 2025 | - |  | 795,914 |  | 13,497 |  | 809,411 |  |

| NET BOOK VALUE

| At 5 April 2025 | 5,256,293 |  | 430,540 |  | 7,602 |  | 5,694,435 |  |

| At 5 April 2024 | 3,273,704 |  | 461,682 |  | 10,136 |  | 3,745,522 |  |

Bashfarms Limited (Registered number: 04258026)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 6 April 2024

| and 5 April 2025 | 100 |  |

| NET BOOK VALUE

| At 5 April 2025 | 100 |  |

| At 5 April 2024 | 100 |  |

| The investment represents a 100% shareholding of the subsidiary company, Cottam Farming Company Limited. The registered office of the company is The Maltings, 11-15 Brayford Wharf East, Lincoln, United Kingdom, LN5 7AY.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 554,346 |  | 691,954 |  |

| Amounts owed by group undertakings | 367,555 |  | 367,712 |  |

| Other debtors | 220,110 |  | 491,439 |  |

1,142,011 |  | 1,551,105 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 478,476 |  | 968,016 |  |

| Hire purchase contracts | 118,430 |  | 130,756 |  |

| Trade creditors | 356,535 |  | 225,391 |  |

| Taxation and social security | 70,075 |  | 49,164 |  |

| Other creditors | 6,680 |  | 8,202 |  |

1,030,196 |  | 1,381,529 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 3,444,608 |  | 1,501,105 |  |

| Hire purchase contracts | 173,713 |  | 199,422 |  |

| Other creditors | 339,793 |  | 423,714 |  |

3,958,114 |  | 2,124,241 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | 2,990,167 |  | 1,136,078 |  |

Bashfarms Limited (Registered number: 04258026)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 3,602,272 |  | 1,926,303 |  |

| Hire purchase | 292,143 |  | 330,178 |  |

3,894,415 |  | 2,256,481 |  |

| Bank loans and overdrafts liabilities are secured on the assets of the company. Hire purchase liability is secured on the assets concerned.

11. | RESERVES

| Revaluation

| reserve

£ |

| At 6 April 2024

| and 5 April 2025 | 1,695,829 |  |