Company No: 01221612 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	465,891		490,538
		465,891		490,538
Current assets
Stocks	4	98,646		122,300
Debtors	5	8,443		21,333
Cash at bank and in hand		102,449		55,093
		209,538		198,726
Creditors: amounts falling due within one year	6	( 322,614)		( 327,119)
Net current liabilities		(113,076)		(128,393)
Total assets less current liabilities		352,815		362,145
Net assets		352,815		362,145
Capital and reserves
Called-up share capital	7	350,000		350,000
Profit and loss account		2,815		12,145
Total shareholders' funds		352,815		362,145

For the financial year ending 31 October 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Blackaton Manor Farm Limited (registered number: 01221612) were approved and authorised for issue by the Board of Directors on 21 July 2026. They were signed on its behalf by:

Mr M S Jones Director

Mrs S T Raynor Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blackaton Manor Farm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blackaton Manor, Widecombe In The Moor, Newton Abbot, TQ13 7UB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There have been no material departures from FRS102.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	10 - 25 % reducing balance
Fixtures and fittings	10 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		3

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 November 2024	465,761		121,396		1,212		588,369
Additions	18,587		13,097		0		31,684
Disposals	( 52,473)		0		0		( 52,473)
At 31 October 2025	431,875		134,493		1,212		567,580
Accumulated depreciation
At 01 November 2024	0		97,414		417		97,831
Charge for the financial year	0		3,779		79		3,858
At 31 October 2025	0		101,193		496		101,689
Net book value
At 31 October 2025	431,875		33,300		716		465,891
At 31 October 2024	465,761		23,982		795		490,538

Included within the net book value of land and buildings above is £431,875 (2024 - £465,761) in respect of freehold land and buildings. Some additions and disposals are to correct historic balances.

4. Stocks

	2025		2024
	£		£
Stocks	98,646		122,300

5. Debtors

	2025		2024
	£		£
Trade debtors	3,349		16,301
Other debtors	5,094		5,032
	8,443		21,333

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,387		7,170
Amounts owed to directors	134,334		136,334
Accruals	3,750		3,500
Other taxation and social security	601		573
Other creditors	179,542		179,542
	322,614		327,119

Other creditors of £179,542 (2024 - £179,542) represent redeemable preference shares redeemable at the option of the shareholder. They are redeemable at £1 per share and carry no voting rights . Each preference share is entitled to a fixed preferential dividend at an annual rate of 0.25% of the original subscription price, to be paid when the board determines. On winding up, the holders of the preference shares shall be paid in priority to the ordinary shareholders.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
350,000 Ordinary shares of £ 1.00 each	350,000		350,000

The shares rank pari passu in all respects.

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
The directors	134,334		136,334

At the balance sheet date, the company had an outstanding loan balance due to the directors of £134,334 (2024 - £136,334). The loan is unsecured and repayable on demand. No interest has been charged during the year.