REGISTRAR OF COMPANIES

Registration number: 05753737

Floshes Farm Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Floshes Farm Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Floshes Farm Limited for the year ended 31 October 2025 as set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Floshes Farm Limited, as a body, in accordance with the terms of our engagement letter dated 1 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Floshes Farm Limited and state those matters that we have agreed to state to the Board of Directors of Floshes Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Floshes Farm Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Floshes Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Floshes Farm Limited. You consider that Floshes Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Floshes Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

27 March 2026

Floshes Farm Limited

(Registration number: 05753737)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	2,484,323	2,333,426
Current assets
Stocks		185,283	176,770
Debtors	6	535,154	572,615
Cash at bank and in hand		639,297	350,896
		1,359,734	1,100,281
Creditors: Amounts falling due within one year	7	(695,413)	(668,510)
Net current assets		664,321	431,771
Total assets less current liabilities		3,148,644	2,765,197
Creditors: Amounts falling due after more than one year	7	(459,029)	(466,349)
Provisions for liabilities		(587,337)	(547,363)
Net assets		2,102,278	1,751,485
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Profit and loss account		2,102,178	1,751,385
Total equity		2,102,278	1,751,485

Floshes Farm Limited

(Registration number: 05753737)
Balance Sheet as at 31 October 2025 (continued)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2026 and signed on its behalf by:
 

.........................................

S J Nelson

Director

.........................................

M S Nelson

Director

Floshes Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Floshes
Durdar
CARLISLE
CA2 4TR

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants such as the basic payment scheme are included in the profit and loss account when all the necessary conditions for receipt have been met.

Other grants
Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.

Basic payment scheme

The amount paid in connection with the purchase of the basic payment scheme entitlement was amortised over the useful economic life of that entitlement, and has now been fully amortised.

Floshes Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	4% straight line basis and no depreciation
Plant and equipment	15% reducing balance basis and 10 years straight line basis
Motor vehicles	25% reducing balance basis
Office equipment	3 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Floshes Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

Stocks

Trading stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. The cost of livestock represents the purchase cost plus any additional costs of rearing the animal. Net realisable value is based on selling price less anticipated selling costs. Crop stock is valued at fair value less any anticipated costs to sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Floshes Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Floshes Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4	Intangible assets

	Basic payment scheme  £	Total £
Cost or valuation
At 1 November 2024	179,461	179,461
At 31 October 2025	179,461	179,461
Amortisation
At 1 November 2024	179,461	179,461
At 31 October 2025	179,461	179,461
Carrying amount
At 31 October 2025	-	-

5	Tangible assets

	Land and buildings £	Plant and equipment  £	Motor vehicles  £	Office equipment  £	Total £
Cost or valuation
At 1 November 2024	208,206	3,521,228	39,315	1,598	3,770,347
Additions	-	704,500	-	582	705,082
Disposals	-	(326,999)	(7,500)	-	(334,499)
At 31 October 2025	208,206	3,898,729	31,815	2,180	4,140,930
Depreciation
At 1 November 2024	67,783	1,342,912	24,888	1,338	1,436,921
Charge for the year	8,084	370,291	3,393	260	382,028
Eliminated on disposal	-	(155,696)	(6,646)	-	(162,342)
At 31 October 2025	75,867	1,557,507	21,635	1,598	1,656,607
Carrying amount
At 31 October 2025	132,339	2,341,222	10,180	582	2,484,323
At 31 October 2024	140,423	2,178,316	14,427	260	2,333,426

Floshes Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

6

Debtors

	2025 £	2024 £
Trade debtors	515,168	572,062
Other debtors	19,986	553
	535,154	572,615

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	466,089	466,281
Trade creditors		81,656	63,122
Taxation and social security		26,060	30,260
Corporation tax liability		79,261	66,747
Other creditors		42,347	42,100
		695,413	668,510
Due after one year
Loans and borrowings	8	451,225	457,167
Other creditors		7,804	9,182
		459,029	466,349