Registration number: 03576483

Rogam Farms Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Rogam Farms Limited

Company Information

Directors

Mr Philip Magor ACA Mrs Alexa Catherine Magor Mrs Antonia Grace Henley Mr Edward Charles Magor

Company secretary

Mr Philip Magor ACA

Registered office

The Old Vicarage Shepton Montague Wincanton Somerset England BA9 8JE

Rogam Farms Limited

(Registration number: 03576483)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	6,533,427	6,571,055
Current assets
Stocks	6	50,001	37,678
Debtors	7	795,189	34,535
Cash at bank and in hand		3,065,736	3,786,473
		3,910,926	3,858,686
Creditors: Amounts falling due within one year	8	(23,240)	(12,777)
Net current assets		3,887,686	3,845,909
Net assets		10,421,113	10,416,964
Capital and reserves
Called up share capital	10	9,000,000	9,000,000
Retained earnings		1,421,113	1,416,964
Shareholders' funds		10,421,113	10,416,964

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:
 

Mr Philip Magor ACA Company secretary and Director

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Vicarage
Shepton Montague
Wincanton
Somerset
BA9 8JE
England

These financial statements were authorised for issue by the Board on 1 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared and presented in UK pound sterling (£) which is the functional currency of the Company. The financial statements have been rounded to the nearest whole £.

Going concern

These financial statements have been prepared on the going concern basis.

Revenue recognition

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

The following criteria must also be met before revenue is recognised:

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

• the Company has transferred the significant risks and rewards of ownership to the buyer;
• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
• the amount of revenue can be measured;
• it is probable that the Company will receive the consideration due under the transaction; and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stag of completion of the contract when all of the following conditions are satisfied:

• the amount of revenue can be measured reliably;
• it is probable that the Company will received the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

Government grants

The Company recognises subsidies from the Government at the point when the grant becomes receivable. The subsidies are designed to provide relief to farmers for expenditure that they have incurred.

Finance income and costs policy

Finance income and interest receivable are recognised in the profit or loss using the effective rate of interest.

Finance costs and interest payable are recognised in the profit or loss using the effective rate of interest.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings - land	Not depreciated
Land and buildings - estate improvements	20 years straight line for drains and fences with other improvements depreciated on a 20% straight line basis
Land and buildings - freehold property	2% straight line basis
Furniture, fittings and equipment - motor vehicles	10 years straight line
Furniture, fittings and equipment - machinery and equipment	12.5% straight line
Furniture, fittings and equipment - furniture and fittings	25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock represents the value of cultivated crops, finished goods and fertilisers and other consumable stores at the lower of cost and net realisable value.

Livestock is recognised as a biological asset and is accounted for under the cost model in accordance with FRS102. At the balance sheet date livestock is assessed on an individual animal basis for impairment. If the value is considered to be impaired the carrying value is reduced to estimated market value less costs to sell. This is considered to be more appropriate than applying a systematic depreciation charge.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2025 - 4).

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	6,493,361	461,623	6,954,984
Additions	32,034	71,766	103,800
At 31 March 2026	6,525,395	533,389	7,058,784
Depreciation
At 1 April 2025	209,474	174,455	383,929
Charge for the year	77,238	64,190	141,428
At 31 March 2026	286,712	238,645	525,357
Carrying amount
At 31 March 2026	6,238,683	294,744	6,533,427
At 31 March 2025	6,283,887	287,168	6,571,055

Included within the net book value of land and buildings above is £6,238,683 (2025 - £6,283,887) in respect of freehold land and buildings.
 

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	245,451	245,451
Disposals	(245,451)	(245,451)
At 31 March 2026	-	-
Impairment
Charges in the period	9,451	9,451
Disposals	(9,451)	(9,451)
At 31 March 2026	-	-
Carrying amount
At 31 March 2026	-	-

6

Stocks

	2026 £	2025 £
Farm stock	46,556	26,233
Equine assets	3,445	11,445
	50,001	37,678

7

Debtors

Current	Note	2026 £	2025 £
Prepayments		4,803	4,969
Accrued income		31,208	5,831
Amounts owed by related parties	11	691,255	-
Other debtors		67,923	23,735
		795,189	34,535

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	4,850	3,771
Accruals and deferred income	6,432	8,682
Other creditors	11,958	324
	23,240	12,777

Included within other creditors are related party liabilities of £11,904 (2025 - £105) which are disclosed in note 11.

9	Deferred taxation

	2026 £	2025 £
At beginning of year	21,778	13,251
Charged to profit or loss	34,350	8,527
At end of year	56,128	21,778

The deferred tax asset is made up as follows:
 

	2026 £	2025 £
Accelerated capital allowances	(47,830)	(82,180)
Tax losses carried forward	103,958	103,958
	56,128	21,778

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	9,000,000	9,000,000	9,000,000	9,000,000

Rogam Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

11	Related party transactions

Transactions with Directors

2026	At 1 April 2025 £	Advances to Director £	Repayments by Director £	At 31 March 2026 £
Mr Philip Magor ACA
Director's loan account	-	691,773	(518)	691,255

2025	At 1 April 2024 £	Advances to Director £	Repayments by Director £	At 31 March 2025 £
Mr Philip Magor ACA
Director's loan account	3,680,115	20,000	(3,700,115)	-

Summary of transactions with other related parties

At the year end, an amount of £Nil (2025: £105) was owed to George Williamson & Co Limited, a company under common control. No interest was charged on this amount which has been repaid in the year. Rental income of £15,000 (2025: £Nil) has been charged to this entity in the year.

An amount of £11,904 (2025: £Nil) was owed to Williamson Fine Teas Limited, a company under common control. No interest was charged on this amount and it is repayable on demand. Rental income of £15,000 (2025: £Nil) has been charged to this entity in the year.

12	Parent and ultimate parent undertaking

The Company's immediate and ultimate parent is Rogam Limited, incorporated in England & Wales.

The controlling party is Philip Magor by virtue of his majority shareholding in the parent company.