Company registration number 10594783 (England and Wales)
CALIFIA FARMS UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CALIFIA FARMS UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CALIFIA FARMS UK LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
422,609
662,231
Debtors
3
2,806,589
2,411,693
Cash at bank and in hand
461,067
672,355
3,690,265
3,746,279
Creditors: amounts falling due within one year
4
(4,371,251)
(4,900,319)
Net current liabilities
(680,986)
(1,154,040)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(680,987)
(1,154,041)
Total equity
(680,986)
(1,154,040)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 June 2026 and are signed on its behalf by:
Mr M D Castle
Director
Company registration number 10594783 (England and Wales)
CALIFIA FARMS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Califia Farms UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hillyer McKeown CoSec, Gorse Stacks House, George Street, Chester, CH1 3EQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors, having considered a period in excess of twelve months from the date of approval of these financial statements, believe that the company will have sufficient working capital to continue in operation for at least twelve months from the date of approval. The company is dependent on Califia Farms, LLC, and the directors of this company have expressed a willingness to support the UK company for a period of at least twelve months following the signing of these financial statements.

Consequently, the directors have prepared the financial statements on a going concern basis.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the risk and rewards of owning the goods have been transferred, which is deemed to be at the time the goods are delivered. The amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

In addition, turnover also includes marketing support payments from the parent undertaking.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

CALIFIA FARMS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
10
CALIFIA FARMS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,315,723
1,877,290
Other debtors
490,866
534,403
2,806,589
2,411,693
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
189,450
430,123
Amounts owed to group undertakings
3,734,971
4,242,469
Taxation and social security
40,336
36,290
Other creditors
406,494
191,437
4,371,251
4,900,319
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
David Sharp
Statutory Auditor:
Rouse Audit LLP
Date of audit report:
2 June 2026
6
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
75,105
6,399
CALIFIA FARMS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
7
Parent company

Califia F arms, LLC is the parent of the smallest group for which consolidated financial statements are prepared which include Califia Farms UK Limited. Its registered office is 1 019 E. 4th Street, Suite 100, Los Angeles, CA 90013.

2025-12-31 2025-01-01 false false false 02 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr M D Castle Mr D W Ritterbush 10594783 2025-01-01 2025-12-31 10594783 2025-12-31 10594783 2024-12-31 10594783 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 10594783 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10594783 core:CurrentFinancialInstruments 2025-12-31 10594783 core:CurrentFinancialInstruments 2024-12-31 10594783 core:ShareCapital 2025-12-31 10594783 core:ShareCapital 2024-12-31 10594783 core:RetainedEarningsAccumulatedLosses 2025-12-31 10594783 core:RetainedEarningsAccumulatedLosses 2024-12-31 10594783 bus:Director1 2025-01-01 2025-12-31 10594783 2024-01-01 2024-12-31 10594783 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10594783 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10594783 bus:FRS102 2025-01-01 2025-12-31 10594783 bus:Audited 2025-01-01 2025-12-31 10594783 bus:Director2 2025-01-01 2025-12-31 10594783 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP