REGISTERED NUMBER: 09741968 (England and Wales)

Twin Oaks Farming Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

NR Tilt

LA Tilt

REGISTERED OFFICE:

High Meadow Farm

Ashford Carbonell

Ludlow

Shropshire

SY8 4BS

REGISTERED NUMBER:

09741968 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Twin Oaks Farming Limited for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Twin Oaks Farming Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Twin Oaks Farming Limited and state those matters that we have agreed to state to the Board of Directors of Twin Oaks Farming Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twin Oaks Farming Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Twin Oaks Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Twin Oaks Farming Limited. You consider that Twin Oaks Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Twin Oaks Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

11 March 2026

FIXED ASSETS

Tangible assets

4

640,126

674,999

CURRENT ASSETS

Stocks

119,939

77,200

Debtors

5

449,690

341,495

Cash at bank

718,463

411,219

1,288,092

829,914

CREDITORS

Amounts falling due within one year

6

217,727

157,365

NET CURRENT ASSETS

1,070,365

672,549

TOTAL ASSETS LESS CURRENT LIABILITIES

1,710,491

1,347,548

CREDITORS

Amounts falling due after more than one year

7

-

(32,190

)

PROVISIONS FOR LIABILITIES

9

(64,810

)

(70,843

)

NET ASSETS

1,645,681

1,244,515

CAPITAL AND RESERVES

Allotted, issued and fully paid share capital

1,000

1,000

Retained earnings

1,644,681

1,243,515

1,645,681

1,244,515

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved for issue by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

NR Tilt - Director

1.	STATUTORY INFORMATION

Twin Oaks 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.

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.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare the accounts on the going concern basis.

Turnover

Turnover represents egg sales stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from services is recognised in the accounting periods in which the services are rendered.

The following criteria must be met before revenue is recognised:

Egg sales are recognised when the eggs are collected from the farm.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

4% on cost

Plant and machinery

-

25% on reducing balance, 10% on reducing balance and 5% on cost

Stocks

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

The company owns chickens for egg production which are biological assets. These are included in stock and are depreciated over their useful life of 15 months.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.

EMPLOYEES

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST

At 1 September 2024

39,158

453,400

739,580

1,232,138

Additions

-

4,885

25,065

29,950

At 31 August 2025

39,158

458,285

764,645

1,262,088

DEPRECIATION

At 1 September 2024

-

153,849

403,290

557,139

Charge for year

-

18,332

46,491

64,823

At 31 August 2025

-

172,181

449,781

621,962

NET BOOK VALUE

At 31 August 2025

39,158

286,104

314,864

640,126

At 31 August 2024

39,158

299,551

336,290

674,999

Included in cost of freehold property is freehold land of £39,158 (2024 - £39,158) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

31,705

40,897

Amounts owed by related parties

391,847

296,202

VAT

2,672

385

Prepayments and accrued income

23,466

4,011

449,690

341,495

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

32,190

37,436

Trade creditors

23,716

17,865

Corporation tax payable

145,625

90,559

Accruals and deferred income

16,196

11,505

217,727

157,365

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans due in 1 to 2 years

-

32,190

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

32,190

69,626

The borrowings are secured by a fixed and floating charge over the assets of the company contained in a debenture in favour of Lloyds Bank dated 14 January 2016. Also a charge dated 4 April 2017 over 1.6 acres of land at Bleathwood, Ludlow.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

64,810

70,843

Deferred

tax

£

Balance at 1 September 2024

70,843

Provided during year

(6,033

)

Balance at 31 August 2025

64,810

10.	RELATED PARTY DISCLOSURES

A partnership in which the directors are partners, owes the balance of £6,747 to the company (2024: £27,802) at the year end. Interest has been charged on the overdrawn balances.

A company in which the directors are directors owes the Company a balance of £385,100 (2024: £268,400) at the year end. No interest has been charged on this amount.