Shays Farm Glamping Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Shays Farm Glamping Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12992491 . The registered office is Shays Farm Shays Lane, Little Budworth, Tarporley, CW6 9EU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and the Republic of Ireland - and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the letting of glamping pods and the provision of related services.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Glamping pods	10% straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line

2.5. Financial Instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and other loans, are initially recognised at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments

Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. Dividendspayable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

...CONTINUED

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Shays Farm Glamping Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.5. Financial Instruments - continued

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss.

2.7. Impairment

At the end of each reporting period, the Company’s fixed assets are reviewed to determine whether there is any indication that those assets may be impaired. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any.

The recoverable amount is the higher of fair value less costs to sell and value in use. Fair value is determined as the amount that would be obtained from the sale of the asset in an arm’s length transaction between knowledgeable and willing parties. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognised in profit or loss for the year.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but to an amount that does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

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Shays Farm Glamping Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Land & Property
	Freehold	Glamping pods	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 December 2024	48,377	155,042	64,119	6,505	274,043
Additions	-	-	3,798	-	3,798

As at 30 November 2025	48,377	155,042	67,917	6,505	277,841

Depreciation
As at 1 December 2024	-	27,132	44,489	3,826	75,447
Provided during the period	-	15,505	16,979	1,626	34,110

As at 30 November 2025	-	42,637	61,468	5,452	109,557

Net Book Value
As at 30 November 2025	48,377	112,405	6,449	1,053	168,284

As at 1 December 2024	48,377	127,910	19,630	2,679	198,596

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	2,200	2,200

Other debtors include a land deposit paid of £2,100 (2024: £2,100).

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	3,340	1,789
Accruals and deferred income	635	610
Directors' loan accounts	55,949	55,965

	59,924	58,364

Directors' loans are unsecured, interest-free and repayable on demand.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Business loans due after one year	324,752	316,952

Business loans include a loan of £195,010 (2024: £195,010) from a shareholder which is repayable in full by 1 July 2028 and which bears interest at 4% per annum on the unpaid principal, calculated yearly not in advance. A further business loan for £97,000 (2024: £97,000) is from a related party, is also repayable in full by 1 July 2028 and is interest-free.

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Shays Farm Glamping Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2025	2024
	£	£
Other timing differences	42,071	34,975

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		168,284		198,596

			168,284		198,596
CURRENT ASSETS
Debtors	5	2,200		2,200
Cash at bank and in hand		52,234		35,352

		54,434		37,552
Creditors: Amounts Falling Due Within One Year	6	(59,924 )		(58,364 )

NET CURRENT ASSETS (LIABILITIES)			(5,490 )		(20,812 )

TOTAL ASSETS LESS CURRENT LIABILITIES			162,794		177,784

Creditors: Amounts Falling Due After More Than One Year	7		(324,752 )		(316,952 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(42,071 )		(34,975 )

NET LIABILITIES			(204,029 )		(174,143 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(204,129 )		(174,243 )

SHAREHOLDERS' FUNDS			(204,029)		(174,143)