ACCOUNTS - Final Accounts

Registered number: 12348774

RUDFORD FARM LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

RUDFORD FARM LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 10

RUDFORD FARM LIMITED

REGISTERED NUMBER: 12348774

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,318,436		1,363,204
			1,318,436		1,363,204
Current assets
Stocks	5	15,795		22,556
Debtors: amounts falling due within one year	6	605,661		593,527
Cash at bank and in hand		1,937		99,067
		623,393		715,150
Creditors: amounts falling due within one year	7	(1,711,233)		(1,817,510)
Net current liabilities			(1,087,840)		(1,102,360)
Total assets less current liabilities			230,596		260,844
Provisions for liabilities
Deferred tax	8	(105,000)		(105,000)
			(105,000)		(105,000)
Net assets			125,596		155,844

Capital and reserves
Called up share capital			200,000		200,000
Profit and loss account			(74,404)		(44,156)
			125,596		155,844

Page 1

RUDFORD FARM LIMITED

REGISTERED NUMBER: 12348774

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 May 2026.

D Farshchi-Heidari

Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

The Company is a private company limited by shares, and is incorporated in England & Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The directors have prepared the accounts on a going concern basis. The directors note the net current liability position of the company and have reviewed likely future developments. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of the approval of these accounts. This basis is considered appropriate as the ultimate parent company has confirmed that it will provide the support to enable the company to meet their forecast liabilities as they fall due.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the turnover can be reliably measured. Turnover is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. Turnover is recognised when goods have been dispatched.

2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 3

RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Growing stock is made up of costs in establishing the farms in non cropping years. Once the assets start producing yields, these costs are taken to the profit and loss as maintenance costs.

Page 4

RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Property improvements	-	20 years
				Plant and machinery	-	10 years
				Motor vehicles	-	5 years
				Fixtures and fittings	-	5 years
				Computer equipment	-	5 years
				Growing stock	-	15 years

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 90 days.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 5

RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.12

Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial assets have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the assets original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 6

RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3.

Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 8).

Page 7


		RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

	4.	Tangible fixed assets

		Property improvements	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Other fixed assets	Total
		£	£	£	£	£	£	£
	Cost
	At 1 October 2024	220,675	609,642	40,612	1,652	3,915	890,589	1,767,085
	Additions	(19,414)	153,590	22,170	-	-	11,699	168,045
	Disposals	-	(17,403)	(24,962)	-	-	(2,119)	(44,484)
	At 30 September 2025	201,261	745,829	37,820	1,652	3,915	900,169	1,890,646
	Depreciation
	At 1 October 2024	31,233	248,304	30,191	1,423	3,234	89,496	403,881
	Charge for the year on owned assets	17,752	102,989	6,825	229	445	76,432	204,672
	Disposals	-	(15,542)	(20,801)	-	-	-	(36,343)
	At 30 September 2025	48,985	335,751	16,215	1,652	3,679	165,928	572,210
	Net book value
	At 30 September 2025	152,276	410,078	21,605	-	236	734,241	1,318,436
	At 30 September 2024	189,442	361,338	10,421	229	681	801,093	1,363,204

Page 8

RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5.	Stocks
					2025	2024
					£	£

	Consumables	15,795	22,556

6.

Debtors

					2025	2024
					£	£


	Trade debtors	601,400	591,540
	Prepayments and accrued income	4,261	1,987
		605,661	593,527

7.	Creditors: Amounts falling due within one year
					2025	2024
					£	£

	Trade creditors	61,395	97,295
	Amounts owed to group undertakings	1,547,078	1,686,809
	Accruals and deferred income	102,760	33,406
		1,711,233	1,817,510

8.	Deferred taxation

		2025	2024
		£	£

	At beginning of year	105,000	105,000
	At end of year	105,000	105,000

	The provision for deferred taxation is made up as follows:
					2025	2024
					£	£

Accelerated capital allowances

105,000

105,000

Page 9

RUDFORD FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £10,726 (2024
£8,893). Contributions totalling £90 (2024 - £1,086) were payable to the fund at the balance sheet date.

10.	Related party transactions
	At the balance sheet date, included within trade debtors is an amount owed by group undertakings of £591,339 (2024- £575,769) At the balance sheet date, included within trade creditors is an amount owed to group undertakings of £1,650 (2024 - £NIL).

11.	Controlling party

The smallest group for which consolidated financial statements are prepared which include the results of this company is that governed by Terradace Holdings Limited, and its registered office is 14th Floor, 33 Cavendish Square, W1G 0PW.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.

The audit report was signed on 22 May 2026 by Matthew Jeffery BSc ACA (Senior statutory auditor) on behalf of Old Mill Audit Limited.

Page 10