REGISTERED NUMBER: 08435179 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PILKINGTON FARMS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,264,639

3,179,027

CURRENT ASSETS

Stocks

5

851,128

838,905

Debtors

6

93,351

122,482

Investments

7

153,039

130,631

Cash at bank

542,062

262,190

1,639,580

1,354,208

CREDITORS

Amounts falling due within one year

8

923,160

678,421

NET CURRENT ASSETS

716,420

675,787

TOTAL ASSETS LESS CURRENT LIABILITIES

3,981,059

3,854,814

CREDITORS

Amounts falling due after more than one year

9

(655,130

)

(947,918

)

PROVISIONS FOR LIABILITIES

(91,384

)

(89,897

)

NET ASSETS

3,234,545

2,816,999

CAPITAL AND RESERVES

Called up share capital

10

104

104

Retained earnings

3,234,441

2,816,895

SHAREHOLDERS' FUNDS

3,234,545

2,816,999

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 11 June 2026 and were signed on its behalf by:

M G Pilkington - Director

Mrs H Pilkington - Director

M J Pilkington - Director

Mrs C Pilkington - Director

1.	STATUTORY INFORMATION

Pilkington Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08435179

Registered office:

Bramley Farm

Watford Road

Welton

Daventry

Northamptonshire

NN11 2LJ

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

-

2% on cost

Tenant's improvements

-

5% on reducing balance

Plant & machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

HIRE PURCHASE AND LEASING COMMITMENTS

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Tenant's

Plant &

property

improvements

machinery

£

£

£

COST

At 1 January 2025

1,318,248

1,706,967

1,157,821

Additions

-

249,339

160,610

Disposals

-

-

(105,000

)

Grants

-

(89,974

)

-

At 31 December 2025

1,318,248

1,866,332

1,213,431

DEPRECIATION

At 1 January 2025

17,559

322,612

674,185

Charge for year

3,143

77,186

86,964

Eliminated on disposal

-

-

(40,517

)

At 31 December 2025

20,702

399,798

720,632

NET BOOK VALUE

At 31 December 2025

1,297,546

1,466,534

492,799

At 31 December 2024

1,300,689

1,384,355

483,636

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

25,415

615

4,209,066

Additions

-

-

409,949

Disposals

-

-

(105,000

)

Grants

-

-

(89,974

)

At 31 December 2025

25,415

615

4,424,041

DEPRECIATION

At 1 January 2025

15,068

615

1,030,039

Charge for year

2,587

-

169,880

Eliminated on disposal

-

-

(40,517

)

At 31 December 2025

17,655

615

1,159,402

NET BOOK VALUE

At 31 December 2025

7,760

-

3,264,639

At 31 December 2024

10,347

-

3,179,027

Included in cost of land and buildings is freehold land of £ 1,142,134 (2024 - £ 1,142,134 ) which is not depreciated.

5.

STOCKS

31.12.25

31.12.24

£

£

Herd

464,763

476,893

Stocks

386,365

362,012

851,128

838,905

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

65,709

92,426

Other debtors

27,642

30,056

93,351

122,482

7.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Arla

153,039

130,631

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

18,000

17,400

Trade creditors

282,097

97,317

Tax

121,922

-

Social security & other taxes

7,363

6,257

Other creditors

740

740

Credit card account

1,044

8,506

Directors' current accounts

491,994

548,201

923,160

678,421

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

655,130

947,918

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

100

Ordinary

£1

100

100

104

104