Company No: 00466772 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	9,276,468		9,332,768
Investment property	4	8,322,000		8,031,000
Investments	5	101		101
		17,598,569		17,363,869
Current assets
Stocks		345,640		424,393
Debtors	6	3,527,545		3,032,257
Cash at bank and in hand		180,970		53,723
		4,054,155		3,510,373
Creditors: amounts falling due within one year	7	( 5,944,879)		( 5,476,814)
Net current liabilities		(1,890,724)		(1,966,441)
Total assets less current liabilities		15,707,845		15,397,428
Provision for liabilities	8	( 1,685,526)		( 1,658,464)
Net assets		14,022,319		13,738,964
Capital and reserves
Called-up share capital		740,832		740,832
Revaluation reserve		8,340,020		8,133,250
Capital redemption reserve		19,844		19,844
Profit and loss account		4,921,623		4,845,038
Total shareholder's funds		14,022,319		13,738,964

For the financial year ending 30 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 member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Ashmarden Limited (registered number: 00466772) were approved and authorised for issue by the Board of Directors on 22 June 2026. They were signed on its behalf by:

T M Olliff-Lee Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ashmarden Limited is a private company, limited by shares, incorporated in England and Wales with the registration number 00466772. The address of the registered office is 40 Holborn Viaduct, London, England, EC1N 2PZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Ashmarden Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover comprises revenue recognised by the company in respect of agricultural produce sold during the year.

Rural subsidies are also credited to turnover in the accounting period in which the conditions for receipt have been fulfilled.

Taxation

Current tax
The current tax is based on the 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 and 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 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 where transactions or events that result in an obligation to
pay more tax in the future or a right to pay less tax in the future have occurred at the Balance sheet date.

Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which temporary differences can be utilised.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to the profit and loss account.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery etc.	5 - 6 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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.

Investment property

Investment property is carried at fair value. No depreciation is provided. Changes in fair value are recognised in the profit and loss account and subsequently transferred from the profit and loss account to the revaluation reserve in the statement of changes in equity.

Stocks

Stock is valued at the lower of cost and net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When provisions are eventually made, they are charged to the provision carried in the Balance sheet.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	14		14

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 October 2024	9,465,872		1,341,752		10,807,624
Additions	0		6,671		6,671
Disposals	( 35,154)		0		( 35,154)
At 30 September 2025	9,430,718		1,348,423		10,779,141
Accumulated depreciation
At 01 October 2024	165,757		1,309,099		1,474,856
Charge for the financial year	18,461		9,356		27,817
At 30 September 2025	184,218		1,318,455		1,502,673
Net book value
At 30 September 2025	9,246,500		29,968		9,276,468
At 30 September 2024	9,300,115		32,653		9,332,768

4. Investment property

	Investment property
	£
Valuation
As at 01 October 2024	8,031,000
Fair value movement	291,000
As at 30 September 2025	8,322,000

Freehold investment properties were valued by the directors on an open market value for existing use basis as at 30 September 2025.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 October 2024	101
At 30 September 2025	101
Carrying value at 30 September 2025	101
Carrying value at 30 September 2024	101

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 30.09.2025	Ownership 30.09.2024	Held
Basing Park Limited	Basing Park, Privett, Alton, Hampshire , GU34 3NS , United Kingdom	Dormant	Ordinary	100.00%	100.00%	Direct
Headhone Developments Limited	Basing Park, Privett, Alton, Hampshire , GU34 3NS , United Kingdom	Property Development	Ordinary	100.00%	100.00%	Direct

The capital and reserves and the profit of the subsidiary undertakings was as follows:

	Capital and reserves at 2025	Profit for the year ended 2025
	£	£
Basing Park Limited	1	0
Headhone Developments Limited	84,891	25,083

6. Debtors

	2025		2024
	£		£
Trade debtors	1,326,397		801,454
Prepayments	59,330		69,549
Other debtors	2,141,818		2,161,254
	3,527,545		3,032,257

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,310,051		927,252
Amounts owed to Group undertakings	1		1
Other taxation and social security	34,968		16,539
Other creditors	4,599,859		4,533,022
	5,944,879		5,476,814

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	1,685,526		1,563,464
Other provisions	0		95,000
	1,685,526		1,658,464

Other

Other provisions represent the company's liability for dilapidations of leased farms in accordance with the lease agreements.

9. Related party transactions

The company paid a total of £85,289 (2024: £107,223) interest on loans from the directors at the rate of 1% (2024: 1%) over the Bank of England base rate. There was no fixed repayment date on this loan.

The amounts due to directors at the year end was £2,395,554 (2024: £2,298,256).