REGISTERED NUMBER: 02547321 (England and Wales)

BAGGRAVE FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

V A Earnshaw

C Edwards

T Edwards

REGISTERED OFFICE:

Baggrave Estate

Hungarton

Leicester

LE7 9JB

REGISTERED NUMBER:

02547321 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

884,783

767,461

CURRENT ASSETS

Inventories

78,408

86,248

Debtors

5

128,490

195,671

Cash at bank

231,729

278,941

438,627

560,860

CREDITORS

Amounts falling due within one year

6

137,124

243,349

NET CURRENT ASSETS

301,503

317,511

TOTAL ASSETS LESS CURRENT LIABILITIES

1,186,286

1,084,972

CREDITORS

Amounts falling due after more than one year

7

3,189,099

3,189,216

NET LIABILITIES

(2,002,813

)

(2,104,244

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(2,002,815

)

(2,104,246

)

SHAREHOLDERS' FUNDS

(2,002,813

)

(2,104,244

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 June 2026 and were signed on its behalf by:

V A Earnshaw - Director

1.	STATUTORY INFORMATION

Baggrave Farms 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.

Revenue

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

Property, plant and equipment

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company has net liabilities and the directors have prepared the financial statements on a going concern basis taking into account funding available from the former parent company, Sealyham Investments Limited. Whilst no longer the parent, Sealyham Investments Limited will not demand repayment and will continue to finance the company enabling it to meet its liabilities as they fall due.

Basic payment

The Basic payment is recognised in the financial statements in accordance with the current H. M. Revenue & Customs guidance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2025

944,786

Additions

144,693

Disposals

(35,950

)

At 31 December 2025

1,053,529

DEPRECIATION

At 1 January 2025

177,325

Charge for year

11,420

Eliminated on disposal

(19,999

)

At 31 December 2025

168,746

NET BOOK VALUE

At 31 December 2025

884,783

At 31 December 2024

767,461

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

113,443

80,649

Other debtors

15,047

115,022

128,490

195,671

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,699

95,443

Taxation and social security

-

17,776

Other creditors

131,425

130,130

137,124

243,349

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

3,189,099

3,189,216

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

ordinary

£2

2

2

9.	RELATED PARTY DISCLOSURES

The company rents land and property from the shareholder Mrs C Edwards for nil consideration.