REGISTERED NUMBER: 03807647 (England and Wales)

Milborne Wick Farms Limited

Unaudited Financial Statements

for the Year Ended 31st December 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R W V Mackintosh

A O V Mackintosh

SECRETARY:

Mrs L Mackintosh

REGISTERED OFFICE:

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

REGISTERED NUMBER:

03807647 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Tangible assets

4

20,180

26,906

CURRENT ASSETS

Stocks

82,948

87,266

Debtors

5

1,918

5,182

84,866

92,448

CREDITORS

Amounts falling due within one year

6

(44,314

)

(72,055

)

NET CURRENT ASSETS

40,552

20,393

TOTAL ASSETS LESS CURRENT LIABILITIES

60,732

47,299

CREDITORS

Amounts falling due after more than one year

7

(7,593

)

(9,815

)

PROVISIONS FOR LIABILITIES

(3,834

)

(5,112

)

NET ASSETS

49,305

32,372

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,205

32,272

SHAREHOLDERS' FUNDS

49,305

32,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 14th May 2026 and were signed on its behalf by:

R W V Mackintosh - Director

1.	STATUTORY INFORMATION

Milborne Wick 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of vat.

Tangible fixed assets

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

Long leasehold

-

4% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value after making allowance for obsolete and slow moving items. Livestock is valued at seventy five percent of market value in cases where the cost of production can not be accurately ascertained.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1st January 2025

and 31st December 2025

8,568

21,897

55,030

85,495

DEPRECIATION

At 1st January 2025

8,568

13,534

36,487

58,589

Charge for year

-

2,090

4,636

6,726

At 31st December 2025

8,568

15,624

41,123

65,315

NET BOOK VALUE

At 31st December 2025

-

6,273

13,907

20,180

At 31st December 2024

-

8,363

18,543

26,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,918

5,182

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,730

25,209

Trade creditors

3,698

3,761

Tax

5,250

4,879

Social security and other taxes

106

132

Other creditors

2,000

2,000

Directors' current accounts

21,715

34,384

Accrued expenses

1,815

1,690

44,314

72,055

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

7,593

9,815