REGISTERED NUMBER: 00816516 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SOUTH FARM PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Backhouse

Mrs S A Backhouse

J R Townsend

Mrs C G Wood

SECRETARY:

C Jones

REGISTERED OFFICE:

South Farm House

Hatherop

Cirencester

Gloucestershire

GL7 3PN

REGISTERED NUMBER:

00816516 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

376,513

400,848

CURRENT ASSETS

Stocks

214,518

318,821

Debtors

5

307,112

308,574

Investments

6

109,470

66,977

Cash at bank

157,001

184,817

788,101

879,189

CREDITORS

Amounts falling due within one year

7

46,519

59,854

NET CURRENT ASSETS

741,582

819,335

TOTAL ASSETS LESS CURRENT LIABILITIES

1,118,095

1,220,183

CAPITAL AND RESERVES

Called up share capital

315,000

315,000

Retained earnings

803,095

905,183

1,118,095

1,220,183

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 26 June 2026 and were signed on its behalf by:

B J Backhouse - Director

1.	STATUTORY INFORMATION

South Farm Products 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.

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.

Improvements to property

-

15% on reducing balance and in accordance with the property

Tractors and combines

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the actual sales price achieved, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Tractors

to

Plant and

and

property

machinery

combines

£

£

£

COST

At 1 October 2024

713,393

160,012

42,100

Additions

-

1,677

15,350

Disposals

-

-

-

At 30 September 2025

713,393

161,689

57,450

DEPRECIATION

At 1 October 2024

362,948

128,560

26,637

Charge for year

28,529

4,879

6,168

Eliminated on disposal

-

-

-

At 30 September 2025

391,477

133,439

32,805

NET BOOK VALUE

At 30 September 2025

321,916

28,250

24,645

At 30 September 2024

350,445

31,452

15,463

Fixtures

Motor

and

vehicles

fittings

Totals

£

£

£

COST

At 1 October 2024

2,000

22,339

939,844

Additions

-

-

17,027

Disposals

(2,000

)

-

(2,000

)

At 30 September 2025

-

22,339

954,871

DEPRECIATION

At 1 October 2024

781

20,070

538,996

Charge for year

102

567

40,245

Eliminated on disposal

(883

)

-

(883

)

At 30 September 2025

-

20,637

578,358

NET BOOK VALUE

At 30 September 2025

-

1,702

376,513

At 30 September 2024

1,219

2,269

400,848

5.

DEBTORS

30.9.25

30.9.24

£

£

Amounts falling due within one year:

Trade debtors

85,314

45,320

Other debtors

56,394

72,850

141,708

118,170

Amounts falling due after more than one year:

Amounts owed by group undertakings

165,404

190,404

Aggregate amounts

307,112

308,574

6.	CURRENT ASSET INVESTMENTS

30.9.25

30.9.24

£

£

Unlisted investments

109,470

66,977

The investments consist of shares held in BHI Farming Limited.

The investment in BHI Farming Limited totals £109,470, as follows:

100 ordinary C shares of £1 each are held in BHI Farming Limited at the end of the accounting year, which represents one third of the shares issued.

At 30th September 2025 the retained earnings of BHI Farming Limited total £328,111. South Farm Products Limited's share of one third totals £109,370.

BHI Farming Limited owes South Farm Products Limited £165,404 at 30th September 2025, which is included in Debtors.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

18,923

30,620

Other creditors

27,596

29,234

46,519

59,854