REGISTERED NUMBER: 10429370 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

LIDDELL FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Liddell

M J Liddell

REGISTERED OFFICE:

The Estate Office

Yokesford Hill Estate

Belbins

Romsey

Hampshire

SO51 0PF

REGISTERED NUMBER:

10429370 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

2,685,213

2,623,888

CURRENT ASSETS

Stocks

33,630

51,870

Debtors

5

34,729

36,152

Cash at bank

29,355

6,238

97,714

94,260

CREDITORS

Amounts falling due within one year

6

2,234,346

2,177,085

NET CURRENT LIABILITIES

(2,136,632

)

(2,082,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

548,581

541,063

CREDITORS

Amounts falling due after more than one year

7

(37,960

)

-

PROVISIONS FOR LIABILITIES

(281,113

)

(265,782

)

NET ASSETS

229,508

275,281

CAPITAL AND RESERVES

Called up share capital

8

2

2

Revaluation reserve

9

614,613

614,613

Retained earnings

(385,107

)

(339,334

)

SHAREHOLDERS' FUNDS

229,508

275,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th May 2026 and were signed on its behalf by:

P J Liddell - Director

1.	STATUTORY INFORMATION

Liddell Farms 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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

Freehold property is included in the balance sheet at cost. In assessing the annual depreciation charge on those assets the directors have taken into consideration the estimated useful economic life of the assets and their estimated residual values. Having also taken into account the level of maintenance at which the properties are maintained, based on all of these factors, the directors consider that a depreciation charge is not required.

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 assets, and is credited or charged to the profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reserves a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Stocks

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

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1st November 2024

2,572,695

187,772

2,760,467

Additions

-

127,911

127,911

Disposals

-

(50,750

)

(50,750

)

At 31st October 2025

2,572,695

264,933

2,837,628

DEPRECIATION

At 1st November 2024

11,361

125,218

136,579

Charge for year

3,961

42,617

46,578

Eliminated on disposal

-

(30,742

)

(30,742

)

At 31st October 2025

15,322

137,093

152,415

NET BOOK VALUE

At 31st October 2025

2,557,373

127,840

2,685,213

At 31st October 2024

2,561,334

62,554

2,623,888

Cost or valuation at 31st October 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2021

502,997

-

502,997

Valuation in 2022

300,000

-

300,000

Cost

1,769,698

264,933

2,034,631

2,572,695

264,933

2,837,628

Land and buildings with a carrying value amount of £1,500,000 were revalued as at 31st October 2022 by the directors, based on their estimate of the market value at that date. The directors still consider this to be an appropriate valuation as at 31st October 2025.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amount would have been £1,769,698 as at 31st October 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,506

-

Other debtors

29,223

36,152

34,729

36,152

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,996

5,740

Other creditors

2,018,363

2,017,563

Hire purchase contracts

57,538

13,333

Directors' current accounts

148,449

140,449

2,234,346

2,177,085

Obligations under finance leases are secured by fixed charges on the assets concerned.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

37,960

-

Obligations under finance leases are secured by fixed charges on the assets concerned.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Revaluation

reserve

£

At 1st November 2024

and 31st October 2025

614,613

10.	RELATED PARTY DISCLOSURES

At the year end the company owed £2,015,963 (2024 - £2,015,963) to Liddell Estates Limited. The company was also owed £18,025 from Ace Liftaway Limited (2024 - £35,040). Mr & Mrs Liddell are directors and ultimate controlling parties of Liddell Estates Limited and Ace Liftaway Limited.