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Registration number: 00830183

Avon Farmers Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Avon Farmers Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Avon Farmers Limited

(Registration number: 00830183)
Statement of Financial Position as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 5,491 | 6,407
Investment property | 5 | 1,489,825 | 1,489,825
|  | 1,495,316 | 1,496,232
Current assets |  |  |
Debtors | 6 | 5,091 | 2,168
Cash at bank and in hand |  | 17,729 | 15,693
|  | 22,820 | 17,861
Creditors: Amounts falling due within one year | 7 | (582,061) | (603,853)
Net current liabilities |  | (559,241) | (585,992)
Total assets less current liabilities |  | 936,075 | 910,240
Creditors: Amounts falling due after more than one year | 7 | - | (2,307)
Provisions for liabilities |  | (28,883) | (29,112)
Net assets |  | 907,192 | 878,821
Capital and reserves |  |  |
Called up share capital |  | 81,756 | 81,756
Share premium reserve |  | 3,803 | 3,803
Revaluation reserve |  | 685,120 | 685,120
Profit and loss account |  | 136,513 | 108,142
Shareholders' funds |  | 907,192 | 878,821

Avon Farmers Limited

(Registration number: 00830183)
Statement of Financial Position as at 31 January 2026 (continued)

For the financial year ending 31 January 2026 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 their 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 Statement of Comprehensive Income.

Approved and authorised by the director on 15 April 2026

N Girling Director

Avon Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of the rental of owned land and buildings.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for rent under a lease, net of discounts and value added tax.

Avon Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2 | Accounting policies (continued)

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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 statement of financial position 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 5% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Avon Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2 | Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

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 statement of comprehensive income 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Avon Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2 | Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 February 2025 | 18,307 | 18,307
At 31 January 2026 | 18,307 | 18,307
Depreciation
At 1 February 2025 | 11,900 | 11,900
Charge for the year | 916 | 916
At 31 January 2026 | 12,816 | 12,816
Carrying amount
At 31 January 2026 | 5,491 | 5,491
At 31 January 2025 | 6,407 | 6,407

5 | Investment properties

| 2026 £
At 1 February | 1,489,825
At 31 January | 1,489,825

There has been no valuation of investment property by an independent valuer.

Avon Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

6 | Debtors

| 2026 £ | 2025 £
Trade debtors | 3,333 | -
Prepayments | 1,758 | 2,168
| 5,091 | 2,168

7 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Loans and borrowings | 2,195 | 5,074
Taxation and social security | 6,804 | 6,398
Accruals and deferred income | 2,634 | 2,265
Other creditors | 570,428 | 590,116
| 582,061 | 603,853

The bounce back loan is secured by government guarantee.

Creditors: amounts falling due after more than one year

| 2026 £ | 2025 £
Loans and borrowings | - | 2,307

The bounce back loan is secured by government guarantee.

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Revaluation reserve:
This reserve records the undistributable gains and losses arising on the revaluation of freehold property.