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Registration number: 13036693

Updown Farmhouse Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Updown Farmhouse Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Updown Farmhouse Ltd

(Registration number: 13036693)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 4,517 | 5,126
Tangible assets | 5 | 299,705 | 349,489
|  | 304,222 | 354,615
Current assets |  |  |
Debtors | 6 | 1,552 | 16,997
Creditors: Amounts falling due within one year | 7 | (213,771) | (303,193)
Net current liabilities |  | (212,219) | (286,196)
Total assets less current liabilities |  | 92,003 | 68,419
Creditors: Amounts falling due after more than one year | 7 | (1,353) | (14,610)
Net assets |  | 90,650 | 53,809
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Share premium reserve |  | 499,999 | 499,999
Retained earnings |  | (409,351) | (446,192)
Shareholders' funds |  | 90,650 | 53,809

Updown Farmhouse Ltd

(Registration number: 13036693)
Balance Sheet as at 31 May 2025

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 April 2026

......................................... O Brown Director

Updown Farmhouse Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of renting assets for use. Turnover is shown net of value added tax.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 20% Straight Line
Office Equipment | 25% Straight Line
Fixtures and Fittings | 20% Straight Line
Property Improvements | Nil

Updown Farmhouse Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website development | 10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Updown Farmhouse Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Intangible assets

| Website development £ | Total £
Cost or valuation
At 1 June 2024 | 6,090 | 6,090
At 31 May 2025 | 6,090 | 6,090
Amortisation
At 1 June 2024 | 964 | 964
Amortisation charge | 609 | 609
At 31 May 2025 | 1,573 | 1,573
Carrying amount
At 31 May 2025 | 4,517 | 4,517
At 31 May 2024 | 5,126 | 5,126

5 | Tangible assets

| Property improvements £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 June 2024 | 174,579 | 229,422 | 4,900 | 11,691
At 31 May 2025 | 174,579 | 229,422 | 4,900 | 11,691
Depreciation
At 1 June 2024 | - | 66,780 | 2,116 | 2,204
Charge for the year | - | 45,884 | 980 | 2,923
At 31 May 2025 | - | 112,664 | 3,096 | 5,127
Carrying amount
At 31 May 2025 | 174,579 | 116,758 | 1,804 | 6,564
At 31 May 2024 | 174,579 | 162,639 | 2,784 | 9,487

Updown Farmhouse Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

| Total £
Cost or valuation
At 1 June 2024 | 420,592
At 31 May 2025 | 420,592
Depreciation
At 1 June 2024 | 71,100
Charge for the year | 49,787
At 31 May 2025 | 120,887
Carrying amount
At 31 May 2025 | 299,705
At 31 May 2024 | 349,489

Updown Farmhouse Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 1,552 | 16,997
| 1,552 | 16,997

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 13,257 | 34,727
Trade creditors |  | 11,691 | 15,096
Taxation and social security |  | 429 | -
Other creditors |  | 188,394 | 253,370
|  | 213,771 | 303,193

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 1,353 | 14,610

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 13,257 | 34,727

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 1,353 | 14,610

Updown Farmhouse Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

9 | Related party transactions

Summary of transactions with other related parties

O Brown is a majority shareholder and director of UpdownFarmhouseRooms Ltd, a company incorporated in England and Wales.
During the period, the following related party tranactions occurred:
The company recieved an interest-free loan from UpdownFarmhouseRooms Ltd. At the balance sheet date, the amount owed to/(from) UpdownFarmhouseRooms was £nil (2024 £80,550). UpdownFarmhoueRooms Ltd was closed during the year subsequently leading to the loan being written off. The loan write off has been recognised within other operating income in the profit and loss account.
The company's parent is Updown Farmhouse (Holdings) Limited, incorporated in England and Wales.
The company recieved an interest-free loan from UpdownFarmhouse (Holdings) Limited. At the balance sheet date, the amount owed to/(from) UpdownFarmhouse(Holdings) was £41,865 (2024 £41,851).
During the year, the company rented their assets to UpdownFarmhouse (Holdings) Limited. The value of the rent in the year was £10,000.