Registration number: 00801394

Home Farm (Quarley) Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Home Farm (Quarley) Limited

(Registration number: 00801394)
Abridged Balance Sheet as at 5 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	242,447	292,583
Other financial assets	5	166	166
		242,613	292,749
Current assets
Stocks		127,547	148,856
Debtors		58,872	78,927
Cash at bank and in hand		809,062	518,786
		995,481	746,569
Creditors: Amounts falling due within one year		(280,697)	(157,929)
Net current assets		714,784	588,640
Total assets less current liabilities		957,397	881,389
Provisions for liabilities		(26,781)	(36,500)
Net assets		930,616	844,889
Capital and reserves
Called up share capital		21,000	21,000
Profit and loss account		909,616	823,889
Total equity		930,616	844,889

For the financial year ending 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

	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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 20 July 2026 and signed on its behalf by:
 

Home Farm (Quarley) Limited

(Registration number: 00801394)
Abridged Balance Sheet as at 5 April 2026

Mrs C E Rowe Director

Mrs L J Hill Director

Home Farm (Quarley) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 5 April 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:
Home Farm
Quarley
Andover
Hampshire
SP11 8PZ

These financial statements were authorised for issue by the Board on 20 July 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Home Farm (Quarley) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 5 April 2026

Tangible assets

Tangible assets are stated in the statement of financial position 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
Tenants improvements	10% straight line
Tractors	25% reducing balance and 20% reducing balance
Motor vehicles	20% reducing balance
Implements	15% reducing balance and 20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Home Farm (Quarley) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 5 April 2026

4	Tangible assets

	Total £
Cost or valuation
At 6 April 2025	927,037
Additions	1,661
Disposals	(18,520)
At 5 April 2026	910,178
Depreciation
At 6 April 2025	634,454
Charge for the year	50,671
Eliminated on disposal	(17,394)
At 5 April 2026	667,731
Carrying amount
At 5 April 2026	242,447
At 5 April 2025	292,583

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 6 April 2025	166	166
At 5 April 2026	166	166
Carrying amount
At 5 April 2026	166	166