Company registration number 01631054 (England and Wales)
ALEXANDER & ANGELL (FARMS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ALEXANDER & ANGELL (FARMS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ALEXANDER & ANGELL (FARMS) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,140,813
1,023,309
Investment property
4
692,068
692,068
Investments
5
9,998
9,998
1,842,879
1,725,375
Current assets
Stocks
884,232
873,398
Debtors
6
327,425
273,284
Cash at bank and in hand
2,039,093
2,224,441
3,250,750
3,371,123
Creditors: amounts falling due within one year
7
(3,520,448)
(3,407,140)
Net current liabilities
(269,698)
(36,017)
Total assets less current liabilities
1,573,181
1,689,358
Creditors: amounts falling due after more than one year
9
(627,367)
(734,151)
Provisions for liabilities
(90,638)
(76,338)
Net assets
855,176
878,869
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
845,176
868,869
Total equity
855,176
878,869

The notes on pages 3 to 7 form part of these financial statements.

ALEXANDER & ANGELL (FARMS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 23 June 2026 and are signed on its behalf by:
Miss S Hope
Director
Company registration number 01631054 (England and Wales)
ALEXANDER & ANGELL (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Alexander & Angell (Farms) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Court Farm, Witcombe, Gloucestershire, GL3 4TU.

1.1
Accounting convention

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, modified to include the revaluation of investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services 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 significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), 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.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Straight line over 15 - 20 years
Plant and machinery
Straight line over 10 - 20 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

The investments in the dormant associated companies are stated at cost as the market value cannot be estimated without unreasonable cost and effort.

ALEXANDER & ANGELL (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

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

1.12
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

ALEXANDER & ANGELL (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 21 (2024 - 23).

2025
2024
Number
Number
Total
21
23
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2024
2,442,795
1,447,624
3,890,419
Additions
176,562
119,581
296,143
Disposals
-
0
(25,200)
(25,200)
At 30 September 2025
2,619,357
1,542,005
4,161,362
Depreciation and impairment
At 1 October 2024
1,739,521
1,127,589
2,867,110
Depreciation charged in the year
61,761
116,878
178,639
Eliminated in respect of disposals
-
0
(25,200)
(25,200)
At 30 September 2025
1,801,282
1,219,267
3,020,549
Carrying amount
At 30 September 2025
818,075
322,738
1,140,813
At 30 September 2024
703,274
320,035
1,023,309
4
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
692,068

Investment property comprises a residential house which is subject to a three year lease. The property was purchased in 2017 is considered by the directors to be a reasonable estimate of fair value at the year end.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
9,998
9,998
ALEXANDER & ANGELL (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
5
Fixed asset investments
(Continued)
- 6 -
Fixed asset investments not carried at market value

The investments in the dormant associated companies are stated at cost as the market value cannot be estimated without unreasonable cost and effort.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
225,857
194,121
Corporation tax recoverable
19,109
15,478
Amounts owed by group undertakings and undertakings in which the company has a participating interest
7,250
7,250
Other debtors
75,209
56,435
327,425
273,284
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8
102,383
97,982
Trade creditors
686,594
593,637
Amounts owed to group undertakings
2,659,732
2,664,058
Amounts owed to undertakings in which the company has a participating interest
29,642
29,642
Corporation tax
9,351
2,282
Other taxation and social security
17,933
12,096
Other creditors
14,813
7,443
3,520,448
3,407,140
8
Loans and overdrafts
2025
2024
£
£
Bank loans
729,750
832,133
Payable within one year
102,383
97,982
Payable after one year
627,367
734,151

The long-term loans are secured by fixed and floating charges over the assets of the company including the investment property and a cross guarantee and debenture from the parent company Alexander & Angell Limited.

ALEXANDER & ANGELL (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
8
627,367
734,151
Creditors which fall due after five years are payable as follows:
Payable by instalments
287,362
342,225
10
Directors' transactions

L oans have been granted by the company to its directors as follows:

Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
interest free loan
-
6,762
1,739
(8,176)
325
6,762
1,739
(8,176)
325
11
Parent company

The parent company of Alexander and Angell (Farms) Limited is Alexander and Angell Limited and its registered office is Court Farm, Witcombe, Gloucestershire GL3 4TU.

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