REGISTERED NUMBER: 08928249 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ASHCOURT FARMS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D M Boak

A J K Bousfield

K J Bousfield

REGISTERED OFFICE:

Ashcourt Group

Halifax Way

Pocklington

East Yorkshire

YO42 1NR

REGISTERED NUMBER:

08928249 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

18,412,700

15,863,557

Investment property

6

1,056,614

1,056,614

19,469,314

16,920,171

CURRENT ASSETS

Inventories

517,248

455,770

Debtors

7

17,542,583

10,280,458

Cash at bank

194,140

141,764

18,253,971

10,877,992

CREDITORS

Amounts falling due within one year

8

22,689,501

14,266,745

NET CURRENT LIABILITIES

(4,435,530

)

(3,388,753

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,033,784

13,531,418

CREDITORS

Amounts falling due after more than one year

9

(11,023,366

)

(9,742,226

)

PROVISIONS FOR LIABILITIES

(505,090

)

(427,860

)

NET ASSETS

3,505,328

3,361,332

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

3,505,327

3,361,331

SHAREHOLDERS' FUNDS

3,505,328

3,361,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

K J Bousfield - Director

1.	STATUTORY INFORMATION

Ashcourt Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Turnover represents contracting income, livestock and crop sales excluding discounts, rebates, value added tax and other taxes. Turnover is generated from farming activities and recognised on the exchange of goods and services.

Entitlements

Payments made in respect of future rights to receive entitlement payments are capitalised as intangible fixed assets and amortised over 5 years on a straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost, excluding land element

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of income and retained earnings.

Inventories

Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2024

and 31 October 2025

50,000

AMORTISATION

At 1 November 2024

and 31 October 2025

50,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

14,478,629

3,247,528

17,726,157

Additions

2,197,519

1,237,014

3,434,533

Disposals

-

(806,607

)

(806,607

)

At 31 October 2025

16,676,148

3,677,935

20,354,083

DEPRECIATION

At 1 November 2024

540,869

1,321,731

1,862,600

Charge for year

87,692

317,808

405,500

Eliminated on disposal

-

(326,717

)

(326,717

)

At 31 October 2025

628,561

1,312,822

1,941,383

NET BOOK VALUE

At 31 October 2025

16,047,587

2,365,113

18,412,700

At 31 October 2024

13,937,760

1,925,797

15,863,557

The net book value of property, plant and equipment includes £ 1,451,068 (2024 - £ 1,429,284 ) in respect of assets held under hire purchase contracts.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

1,056,614

NET BOOK VALUE

At 31 October 2025

1,056,614

At 31 October 2024

1,056,614

Investment property was valued on a fair value basis on 31 October 2025 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

125,811

293,343

Amounts owed by group undertakings

2,183,934

2,418,934

Amounts owed by associated companies

14,339,098

6,894,160

Other debtors

893,740

674,021

17,542,583

10,280,458

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

4,451,928

60,000

Hire purchase contracts

398,041

491,954

Trade creditors

88,161

26,011

Amounts owed to group undertakings

8,147,940

8,037,617

Amounts owed to associates

8,537,671

5,287,571

Taxation and social security

1,338

4,171

Other creditors

1,064,422

359,421

22,689,501

14,266,745

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

10,504,000

9,137,501

Hire purchase contracts

519,366

604,725

11,023,366

9,742,226

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years

10,504,000

9,090,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

14,955,928

9,197,501

Hire purchase contracts

917,407

1,096,679

15,873,335

10,294,180

Bank loans are secured by legal charges against the company's freehold property. Hire purchase liabilities are secured against the individual assets being financed.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

1

Ordinary

£1

1

1