Company registration number 00683407 (England and Wales)
TROSTON FARMS LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2025
Pages For Filing With Registrar
Troston Farms Limited
TROSTON FARMS LIMITED
Contents
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
Troston Farms Limited
TROSTON FARMS LIMITED
Accountants' Report To The Board Of Directors On The Preparation Of The Unaudited Statutory Financial Statements Of Troston Farms Limited For The Year Ended 30 September 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Troston Farms Limited for the year ended 30 September 2025 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Troston Farms Limited, as a body, in accordance with the terms of our engagement letter dated 8 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Troston Farms Limited and state those matters that we have agreed to state to the b oard of d irectors of Troston Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Troston Farms Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Troston Farms 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 Troston Farms Limited. You consider that Troston Farms 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 Troston Farms 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 f inancial statements.

Chavereys Limited
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
ME13 8GD
England
21 April 2026
Troston Farms Limited
TROSTON FARMS LIMITED
Balance Sheet
As At 30 September 2025
30 September 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
21,856
29,143
Tangible assets
4
46,447,435
44,856,567
Investments
5
4,952
4,952
46,474,243
44,890,662
Current assets
Stocks
6
1,567,965
1,435,935
Debtors
7
646,385
661,849
Cash at bank and in hand
276,242
1,839,875
2,490,592
3,937,659
Creditors: amounts falling due within one year
8
(4,430,492)
(4,868,558)
Net current liabilities
(1,939,900)
(930,899)
Total assets less current liabilities
44,534,343
43,959,763
Creditors: amounts falling due after more than one year
9
(312,005)
(513,016)
Provisions for liabilities
(381,628)
(333,523)
Net assets
43,840,710
43,113,224
Capital and reserves
Called up share capital
442,550
442,550
Share premium account
35,884,650
35,884,650
Profit and loss reserves
7,513,510
6,786,024
Total equity
43,840,710
43,113,224
Troston Farms Limited
TROSTON FARMS LIMITED
Balance Sheet (Continued)
As At 30 September 2025
30 September 2025
- 3 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 April 2026 and are signed on its behalf by:
Mr CE Last
Director
Company registration number 00683407 (England and Wales)
Troston Farms Limited
TROSTON FARMS LIMITED
Notes To The Financial Statements
For The Year Ended 30 September 2025
- 4 -
1
Accounting policies
Company information

Troston Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Troston Farms Ltd, Park Farm Drive, Stanton, Bury St Edmunds, Suffolk, IP31 2DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Storage rights
6.66% straight line
Troston Farms Limited
TROSTON FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0% - 20% reducing balance, 0% - 10% straight line
Plant and equipment
15% - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Troston Farms Limited
TROSTON FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2025
1
Accounting policies
(Continued)
- 6 -
1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.8

Investment property

The company has granted tenancies over certain residential and non-residential properties within the farming estate. These properties are integral to the estate and the trading operations undertaken on the estate. In these circumstances, the directors do not consider these properties are held either solely or primarily for their investment potential and, consequently they have not been classified as investment property.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
3
Intangible fixed assets
Storage rights
£
Cost
At 1 October 2024 and 30 September 2025
109,300
Amortisation and impairment
At 1 October 2024
80,157
Amortisation charged for the year
7,287
At 30 September 2025
87,444
Carrying amount
At 30 September 2025
21,856
At 30 September 2024
29,143
Troston Farms Limited
TROSTON FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2025
- 7 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 October 2024
45,493,214
3,108,866
48,602,080
Additions
1,929,265
157,081
2,086,346
Disposals
-
0
(74,470)
(74,470)
At 30 September 2025
47,422,479
3,191,477
50,613,956
Depreciation and impairment
At 1 October 2024
2,454,556
1,290,957
3,745,513
Depreciation charged in the year
106,987
377,624
484,611
Eliminated in respect of disposals
-
0
(63,603)
(63,603)
At 30 September 2025
2,561,543
1,604,978
4,166,521
Carrying amount
At 30 September 2025
44,860,936
1,586,499
46,447,435
At 30 September 2024
43,038,658
1,817,909
44,856,567
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
4,952
4,952
Troston Farms Limited
TROSTON FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2025
- 8 -
6
Stocks
2025
2024
£
£
Growing crop
283,887
164,098
Crop in store
1,019,676
890,460
Consumables
264,402
381,377
1,567,965
1,435,935
Biological assets included within stock are as follows:
Biological assets - growing crop
2025
2024
£
£
As at 1 October
164,098
160,523
Net movement on cultivations
119,789
3,575
As at 30 September
283,887
164,098
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
593,832
297,500
Other debtors
2,197
166,695
Prepayments and accrued income
50,356
197,654
646,385
661,849
8
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
167,448
275,891
Trade creditors
377,434
345,188
Corporation tax
(213,647)
122,351
Other taxation and social security
21,668
-
0
Other creditors
4,016,586
4,009,898
Accruals and deferred income
61,003
115,230
4,430,492
4,868,558
Troston Farms Limited
TROSTON FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2025
- 9 -
9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
312,005
513,016
10
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
381,628
333,523
2025
Movements in the year:
£
Liability at 1 October 2024
333,523
Charge to profit or loss
48,105
Liability at 30 September 2025
381,628
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