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Registration number: 00741065

Tathwell Farms (Lincs) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Tathwell Farms (Lincs) Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Tathwell Farms (Lincs) Limited

(Registration number: 00741065)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 1,228,128 | 1,025,516
Other financial assets | 5 | 138 | 138
|  | 1,228,266 | 1,025,654
Current assets |  |  |
Stocks | 6 | 568,307 | 486,787
Debtors | 7 | 117,281 | 237,560
Cash at bank and in hand |  | 619,843 | 810,319
|  | 1,305,431 | 1,534,666
Creditors: Amounts falling due within one year | 8 | (118,036) | (319,776)
Net current assets |  | 1,187,395 | 1,214,890
Total assets less current liabilities |  | 2,415,661 | 2,240,544
Creditors: Amounts falling due after more than one year | 8 | (31,140) | (41,361)
Provisions for liabilities |  | (209,036) | (175,094)
Net assets |  | 2,175,485 | 2,024,089
Capital and reserves |  |  |
Called up share capital | 10 | 46,433 | 46,433
Share premium reserve |  | 491,647 | 491,647
Retained earnings |  | 1,637,405 | 1,486,009
Shareholders' funds |  | 2,175,485 | 2,024,089

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.

Directors' 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 Directors acknowledge 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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Tathwell Farms (Lincs) Limited

(Registration number: 00741065)
Balance Sheet as at 31 January 2026

Approved and authorised by the Board on 14 May 2026 and signed on its behalf by:

......................................... C J Done Company secretary and director

Tathwell Farms (Lincs) 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, registration number 00741065.

The address of its registered office is:
Kestrel Cottage
109 Kenwick Road
Louth
Lincolnshire
LN11 8NL

These financial statements cover the individual entity, Tathwell Farms (Lincs) Limited.

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 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 subject to the departure detailed below.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Departures from Companies Act requirements

No depreciation has been charged on freehold land and buildings as they are maintained to such a standard that their residual value is not less than their cost. Management have concluded that this does not affect the financial statements from showing a true and fair view. Apart from this departure the company has complied with the relevant accounting standards and legislation.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities, together with attributable area payments. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tathwell Farms (Lincs) Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 provided on tangible fixed assets so as to write off the cost of assets, other than land and properties under construction, less any estimated residual value, over their estimated useful lives. Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining useful life by equal annual instalments. Where buildings are maintained to such a standard that their residual value is not less than their cost, no depreciation is charged as it is not material.
Depreciation is charged as follows:

Asset class | Depreciation method and rate
Land and buildings | No depreciation
Tractors, combines and implements | 20% - 33% per annum of cost
Grain store and drier | 5% - 20% per annum of cost
Office equipment | 12.5% - 20% per annum of cost
Motor vehicles | 25% per annum of cost

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Tathwell Farms (Lincs) Limited

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

Stocks

The basis of valuation is as follows:
Raw materials and consumables are stated at the lower of cost or net realisable value.
Tenantright is calculated by a combination of actual costs incurred and standard costs.
Produce on hand is valued at the estimated cost of production.
Livestock is valued at the lower of standard cost or net realisable value.
The basis of valuation is consistent with previous years.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Tathwell Farms (Lincs) Limited

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

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 Directors) during the year, was 5 (2025 - 5).

Tathwell Farms (Lincs) Limited

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

4 | Tangible assets

| Freehold land and buildings £ | Other tangibles £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 February 2025 | 849,146 | 1,021,310 | 735,826 | 6,783 | 56,014 | 2,669,079
Additions | 78,199 | 274,264 | 11,229 | - | 120,425 | 484,117
Disposals | - | (200,602) | (31,177) | - | (84,640) | (316,419)
At 31 January 2026 | 927,345 | 1,094,972 | 715,878 | 6,783 | 91,799 | 2,836,777
Depreciation
At 1 February 2025 | 115,306 | 887,288 | 583,536 | 6,519 | 50,914 | 1,643,563
Charge for the year | 18,050 | 133,041 | 54,593 | 264 | 21,756 | 227,704
Eliminated on disposal | - | (200,602) | (31,177) | - | (30,839) | (262,618)
At 31 January 2026 | 133,356 | 819,727 | 606,952 | 6,783 | 41,831 | 1,608,649
Carrying amount
At 31 January 2026 | 793,989 | 275,245 | 108,926 | - | 49,968 | 1,228,128
At 31 January 2025 | 733,840 | 134,022 | 152,290 | 264 | 5,100 | 1,025,516

Tathwell Farms (Lincs) Limited

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

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 February 2025 | 138 | 138
At 31 January 2026 | 138 | 138
Carrying amount
At 31 January 2026 | 138 | 138

6 | Stocks

| 2026 £ | 2025 £
Raw materials and consumables | 112,713 | 90,517
Produce on hand | 285,506 | 265,919
Other inventories | 170,088 | 130,351
| 568,307 | 486,787

7 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 50,698 | 107,914
Prepayments and accrued income | 55,046 | 107,269
Other debtors | 11,537 | 22,377
| 117,281 | 237,560

Tathwell Farms (Lincs) Limited

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

8 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 30,315 | 163,541
Taxation and social security | 2,218 | 3,082
Other creditors | 9,328 | 44,188
Accruals and deferred income | 76,175 | 108,965
| 118,036 | 319,776
Due after one year |  |
Deferred income | 31,140 | 41,361

Creditors amounts falling due within one year on which security has been given includes hire purchase of £0 (2025 - £35,627).
Creditors amounts falling due after one year on which security has been given includes hire purchase of £0 (2025 - £0).
The hire purchase is secured by the assets it relates to.

9 | Loans and borrowings

| 2026 £ | 2025 £
Current loans and borrowings
Finance lease liabilities | - | 35,267

10 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 46,433 | 46,433 | 46,433 | 46,433