REGISTERED NUMBER: 02356991 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st January 2026

for

P J Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R D Gladwin

Mrs B R Gladwin

Mr W D Gladwin

SECRETARY:

Mr R D Gladwin

REGISTERED OFFICE:

Hole in the Wall Farm

Padgetts Road

Christchurch

Wisbech

Cambridgeshire

PE14 9PN

REGISTERED NUMBER:

02356991 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

3,446,945

3,184,678

Investments

5

50

50

3,446,995

3,184,728

CURRENT ASSETS

Stocks

254,845

258,621

Debtors

6

175,057

81,584

Cash at bank

-

40,098

429,902

380,303

CREDITORS

Amounts falling due within one year

7

405,218

276,853

NET CURRENT ASSETS

24,684

103,450

TOTAL ASSETS LESS CURRENT LIABILITIES

3,471,679

3,288,178

CREDITORS

Amounts falling due after more than one year

8

(651,157

)

(368,313

)

PROVISIONS FOR LIABILITIES

(292,613

)

(305,722

)

NET ASSETS

2,527,909

2,614,143

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Retained earnings

2,526,409

2,612,643

SHAREHOLDERS' FUNDS

2,527,909

2,614,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2026 and were signed on its behalf by:

Mr R D Gladwin - Director

1.	STATUTORY INFORMATION

P J 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.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rates used are as follows:

Freehold property

Nil

Plant and machinery

20% on cost

Tractors

15% on cost

Motor vehicles

20% on cost

Computer equipment

25% on cost

There is no charge in the year in respect of freehold land and buildings since the directors consider that the residual value is in excess of the net book value. In accordance with FRS 102 section 27, the freehold property is reviewed for impairment at the end of each reporting period.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks, including biological assets, are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring growing crops and finished produce to its current state. Net realisable value is the estimated selling price in the ordinary course of business, less applicable variable selling expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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.

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Tractors

£

£

£

COST

At 1st February 2025

2,150,080

576,482

1,239,285

Additions

392,649

-

72,000

Disposals

-

-

(60,000

)

At 31st January 2026

2,542,729

576,482

1,251,285

DEPRECIATION

At 1st February 2025

-

391,583

450,971

Charge for year

-

34,587

96,474

At 31st January 2026

-

426,170

547,445

NET BOOK VALUE

At 31st January 2026

2,542,729

150,312

703,840

At 31st January 2025

2,150,080

184,899

788,314

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st February 2025

88,603

2,694

4,057,144

Additions

-

665

465,314

Disposals

-

-

(60,000

)

At 31st January 2026

88,603

3,359

4,462,458

DEPRECIATION

At 1st February 2025

27,580

2,332

872,466

Charge for year

11,742

244

143,047

At 31st January 2026

39,322

2,576

1,015,513

NET BOOK VALUE

At 31st January 2026

49,281

783

3,446,945

At 31st January 2025

61,023

362

3,184,678

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st February 2025

and 31st January 2026

50

NET BOOK VALUE

At 31st January 2026

50

At 31st January 2025

50

The investment of £50 represents fifty ordinary shares of £1 in Anglia Farmers Limited

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

129,437

14,752

Other debtors

45,620

66,832

175,057

81,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

242,731

28,171

Hire purchase contracts

51,957

51,956

Trade creditors

50,012

114,549

Taxation and social security

15,285

9,219

Other creditors

45,233

72,958

405,218

276,853

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

544,630

209,829

Hire purchase contracts

106,527

158,484

651,157

368,313

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

476,063

143,291

9.	ULTIMATE CONTROLLING PARTY

Mr R D Gladwin controlled the company throughout the year by virtue of his majority share holding.