REGISTERED NUMBER: 09879743 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2026

for

Fare Farms Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Fare

REGISTERED OFFICE:

C/O Towers + Gornall Ltd

River View, 96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

REGISTERED NUMBER:

09879743 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

FIXED ASSETS

Tangible assets

4

152,671

156,311

Herd basis

5

418,600

397,600

571,271

553,911

CURRENT ASSETS

Stocks

82,050

80,400

Debtors

6

94,245

63,117

Investments

7

227,256

207,757

Cash at bank

450,719

359,926

854,270

711,200

CREDITORS

Amounts falling due within one year

8

219,918

280,983

NET CURRENT ASSETS

634,352

430,217

TOTAL ASSETS LESS CURRENT LIABILITIES

1,205,623

984,128

PROVISIONS FOR LIABILITIES

38,167

39,077

NET ASSETS

1,167,456

945,051

CAPITAL AND RESERVES

Called up share capital

150

150

Non distributable reserves

145,500

133,500

Retained earnings

1,021,806

811,401

SHAREHOLDERS' FUNDS

1,167,456

945,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18th May 2026 and were signed by:

Mr J Fare - Director

1.	STATUTORY INFORMATION

Fare Farms Ltd 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.

Turnover

Turnover is measured at the fair value of amounts receivable for the sale of livestock and agricultural produce, 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.

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Stocks

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

The dairy herd has been revalued to reflect the market value.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

303,125

Additions

14,419

At 31st March 2026

317,544

DEPRECIATION

At 1st April 2025

146,814

Charge for year

18,059

At 31st March 2026

164,873

NET BOOK VALUE

At 31st March 2026

152,671

At 31st March 2025

156,311

5.	HERD BASIS

Dairy

herd

£

COST

At 1st April 2025

397,600

Additions

21,000

At 31st March 2026

418,600

NET BOOK VALUE

At 31st March 2026

418,600

At 31st March 2025

397,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

39,402

56,249

Other debtors

54,843

6,868

94,245

63,117

7.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

NFU investment

127,756

114,283

Arla foods investment

99,500

93,474

227,256

207,757

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

143,955

120,915

Taxation and social security

68,963

60,755

Other creditors

7,000

99,313

219,918

280,983

9.	RELATED PARTY DISCLOSURES

At the year end, Mr J Fare owed the company £43,968 (2025 £92,821 owed to the director). No interest has been charged on the loans which are repayable on demand. This amount has been repaid within nine months of the year end.