REGISTERED NUMBER: 00715521 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

CASSELS FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L P Cassels

O H D Cassels

R N G Cassels

Ms C I M Cassels

REGISTERED OFFICE:

Deptford Farmhouse

Wylye

Warminster

Wiltshire

BA12 0QQ

REGISTERED NUMBER:

00715521 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

451,289

509,067

Investments

5

125

125

451,414

509,192

CURRENT ASSETS

Stocks

134,616

129,938

Debtors

6

49,220

24,282

Cash at bank

230,508

328,319

414,344

482,539

CREDITORS

Amounts falling due within one year

7

144,934

276,973

NET CURRENT ASSETS

269,410

205,566

TOTAL ASSETS LESS CURRENT LIABILITIES

720,824

714,758

CREDITORS

Amounts falling due after more than one year

8

196,415

216,595

NET ASSETS

524,409

498,163

CAPITAL AND RESERVES

Called up share capital

2,600

2,600

Retained earnings

521,809

495,563

SHAREHOLDERS' FUNDS

524,409

498,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

Mrs L P Cassels - Director

1.	STATUTORY INFORMATION

Cassels Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Land - no depreciation charged

Property improvements

-

5% on cost

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 of deferred tax liabilities or other future taxable profits.

Investments

Fixed asset investments are included at cost, less impairment.

Government grants

Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the asset. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Property

Plant and

property

improvements

machinery

£

£

£

COST

At 1 October 2024

11,960

977,624

26,018

Additions

-

-

2,250

Disposals

-

-

-

At 30 September 2025

11,960

977,624

28,268

DEPRECIATION

At 1 October 2024

-

514,307

13,677

Charge for year

-

39,565

1,458

Eliminated on disposal

-

-

-

At 30 September 2025

-

553,872

15,135

NET BOOK VALUE

At 30 September 2025

11,960

423,752

13,133

At 30 September 2024

11,960

463,317

12,341

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2024

63,973

2,922

1,082,497

Additions

-

-

2,250

Disposals

(44,627

)

-

(44,627

)

At 30 September 2025

19,346

2,922

1,040,120

DEPRECIATION

At 1 October 2024

43,207

2,239

573,430

Charge for year

497

228

41,748

Eliminated on disposal

(26,347

)

-

(26,347

)

At 30 September 2025

17,357

2,467

588,831

NET BOOK VALUE

At 30 September 2025

1,989

455

451,289

At 30 September 2024

20,766

683

509,067

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2024

and 30 September 2025

125

NET BOOK VALUE

At 30 September 2025

125

At 30 September 2024

125

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

18,783

1,879

Other debtors

2,742

-

VAT

12

53

Prepayments and accrued income

27,683

22,350

49,220

24,282

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

20,180

20,475

Hire purchase contracts

-

19,734

Trade creditors

65,216

113,189

Tax

24,055

40,652

Other creditors

8,423

3,791

Directors' current accounts

20,060

72,132

Accruals and deferred income

7,000

7,000

144,934

276,973

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans - 1-2 years

21,511

21,290

Bank loans - 2-5 years

60,984

69,224

Bank loans more than 5 years

113,920

126,081

196,415

216,595

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

113,920

126,081

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

216,595

237,070

Hire purchase contracts

-

19,734

216,595

256,804

The bank overdraft is secured against the land farmed by the company.

10.	RELATED PARTY DISCLOSURES

Included within creditors is an interest free loan from the directors of £20,060 (2024: £72,132).