Turnpike Farm Ltd

Turnpike Farm Ltd
Contents Page
For the year ended 31 October 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

Turnpike Farm Ltd
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	851	254
		851	254
Current assets
Debtors		0	26,258
Cash at bank and in hand		315	2,241
		315	28,499
Creditors: amount falling due within one year		(48,619)	(46,687)
Net current assets		(48,304)	(18,188)

Total assets less current liabilities		(47,453)	(17,934)
Provisions for liabilities		(213)	(142)
Net assets		(47,666)	(18,076)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(47,766)	(18,176)
Shareholders' funds		(47,666)	(18,076)

For the year ended 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 accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 23 July 2026 and were signed on its behalf by:

-------------------------------
Robert G Ashton
Director

1

Turnpike Farm Ltd
Notes to the Abridged Financial Statements
For the year ended 31 October 2025

General Information

Turnpike Farm Ltd is a private company, limited by shares, registered in England and Wales, registration number 08726571, registration address Dunn's Barn, Church Road, Leiston, Suffolk, IP16 4HL.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	33% Straight Line
Fixtures and Fittings	33% Straight Line
Computer Equipment	33% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 November 2024	20,000	20,000
Additions	-	-
Disposals	-	-
At 31 October 2025	20,000	20,000
Amortisation
At 01 November 2024	20,000	20,000
Charge for year	-	-
On disposals	-	-
At 31 October 2025	20,000	20,000
Net book values
At 31 October 2025	-	-
At 31 October 2024	-	-

4.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 November 2024	755	-	825	1,580
Additions	-	444	486	930
Disposals	-	-	-	-
At 31 October 2025	755	444	1,311	2,510
Depreciation
At 01 November 2024	249	-	825	1,074
Charge for year	506	12	67	585
On disposals	-	-	-	-
At 31 October 2025	755	12	892	1,659
Net book values
Closing balance as at 31 October 2025	-	432	419	851
Opening balance as at 01 November 2024	254	-	-	254

2

Registered Number: 08726571
England and Wales
TURNPIKE FARM LTD

Abridged Accounts

Period of accounts Start date: 01 November 2024 End date: 31 October 2025