Registration number: 00507767

Aylesby Manor Farms Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 9

Aylesby Manor Farms Limited

(Registration number: 00507767)
Balance Sheet as at 28 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	234
Tangible assets	5	2,270,567	2,270,263
Other financial assets	6	30	30
		2,270,597	2,270,527
Current assets
Stocks	7	42,798	309,467
Debtors	8	307,951	252,888
Cash at bank and in hand		1,312	1,312
		352,061	563,667
Creditors: Amounts falling due within one year	9	(452,913)	(668,151)
Net current liabilities		(100,852)	(104,484)
Total assets less current liabilities		2,169,745	2,166,043
Creditors: Amounts falling due after more than one year	9	(1,356,760)	(1,543,619)
Provisions for liabilities		(39,393)	(42,504)
Net assets		773,592	579,920
Capital and reserves
Called up share capital	10	20,000	20,000
Revaluation reserve		100,643	107,206
Retained earnings		652,949	452,714
Shareholders' funds		773,592	579,920

For the financial year ending 28 September 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 5 June 2026 and signed on its behalf by:
 

......................................... D A J Spilman Director

Aylesby Manor Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 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:
Aylesby Manor
Aylesby
Grimsby
N E Lincs
DN37 7AW

These financial statements were authorised for issue by the Board on 5 June 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in Sterling which is the functional currency of the Company and have been expressed rounded to the nearest pound.

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

FRS 102 1A requires grants towards fixed assets, if material, to be credited to a deferred income account, to be released to the profit and loss account over the useful life of the asset in question.

Basic payment scheme is received in respect of calendar years. Receipt is contingent upon meeting certain eligibility criteria. Once the criteria have been met, the income is recognised on a time apportioned basis over the calendar year to which it relates.

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Aylesby Manor Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 ofdeferred 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
balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued
non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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	3% per annum of cost or valuation
Plant and machinery	15% and 20% per annum of net book value
Motor vehicles	25% per annum of net book value

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Entitlements	33% 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.

Aylesby Manor Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2025

Trade debtors

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

Trade debtors are recognised at the transaction price, 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.

Stocks

The basis of valuation is as follows:

Raw materials and consumables are stated at the lower of cost or net realisable value.
Tenantright is calculated by a combination of actual costs incurred and standard costs.

Standard costings used are based upon calculation prepared by the Central Association of Agricultural Valuers.

The basis of valuation is consistent with previous years.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 at the transaction price.

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.

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.

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.

Aylesby Manor Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2025

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2024 - 4).

4	Intangible assets

	BPS Entitlements £	Total £
Cost or valuation
At 29 September 2024	42,302	42,302
Disposals	(42,302)	(42,302)
At 28 September 2025	-	-
Amortisation
At 29 September 2024	42,068	42,068
Amortisation charge	234	234
Amortisation eliminated on disposals	(42,302)	(42,302)
At 28 September 2025	-	-
Carrying amount
At 28 September 2025	-	-
At 28 September 2024	234	234

Aylesby Manor Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 29 September 2024	30	30
At 28 September 2025	30	30
Impairment
Carrying amount
At 28 September 2025	30	30

7

Stocks

	2025 £	2024 £
Farm valuation	42,798	309,467

8

Debtors

Current	2025 £	2024 £
Trade debtors	45,973	3,484
Prepayments	26,694	19,136
Other debtors	235,284	230,268
	307,951	252,888

Aylesby Manor Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	233,319	272,978
Trade creditors		14,299	187,526
Taxation and social security		22,223	45,545
Accruals and deferred income		106,931	80,987
Other creditors		76,141	81,115
		452,913	668,151

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £233,319 (2024 - £272,978). Bank loans and overdrafts are secured against the freehold land and buildings of the company. Hire purchase contracts are secured against the asset to which they relate.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	1,356,760	1,543,619