REGISTERED NUMBER: 08154922 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

G. Chandler Farming Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

996,454

669,103

996,454

669,103

Current assets

Stocks

541,417

630,303

Debtors

6

292,781

194,919

Cash at bank

430,998

487,747

1,265,196

1,312,969

Creditors: amounts falling due within one year

7

241,930

168,671

Net current assets

1,023,266

1,144,298

Total assets less current liabilities

2,019,720

1,813,401

Creditors: amounts falling due after more than one year

8

(116,160

)

-

Provisions for liabilities

(204,378

)

(167,276

)

Net assets

1,699,182

1,646,125

Capital and reserves

Called up share capital

9

100

100

Retained earnings

1,699,082

1,646,025

Shareholders' funds

1,699,182

1,646,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 29 July 2026 and were signed on its behalf by:

M R Chandler - Director

1.	Statutory information

G. Chandler Farming Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08154922

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

Agricultural produce is valued using the fair value method.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

at variable rates on reducing balance

Motor vehicles

-

20% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Agricultural produce are measured at the point of harvest at their fair value less costs to sell. All crops held by the entity are therefore measured using the fair value model. Fair value is taken to be the estimated price at which an asset can be sold in an orderly transaction to a third party under current market conditions.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Leasing commitments

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are recognised in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 8 (2025 - 4 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2025

and 31 March 2026

273,250

Amortisation

At 1 April 2025

and 31 March 2026

273,250

Net book value

At 31 March 2026

-

At 31 March 2025

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 April 2025

1,910,807

7,912

39,086

1,957,805

Additions

552,620

3,107

-

555,727

Disposals

(334,414

)

-

-

(334,414

)

At 31 March 2026

2,129,013

11,019

39,086

2,179,118

Depreciation

At 1 April 2025

1,281,194

4,902

2,606

1,288,702

Charge for year

164,984

749

7,817

173,550

Eliminated on disposal

(279,588

)

-

-

(279,588

)

At 31 March 2026

1,166,590

5,651

10,423

1,182,664

Net book value

At 31 March 2026

962,423

5,368

28,663

996,454

At 31 March 2025

629,613

3,010

36,480

669,103

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

282,209

151,300

Other debtors

10,572

43,619

292,781

194,919

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Hire purchase contracts

116,160

-

Trade creditors

57,181

77,038

Taxation and social security

8,416

12,745

Other creditors

60,173

78,888

241,930

168,671

Creditors amounts falling due within one year include secured liabilities of £116,160 (2025: £nil ) secured against the related assets.

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Hire purchase contracts

116,160

-

Creditors amounts falling due after more than one year include secured liabilities of £116,160 (2025: £nil ) secured against related assets.

9.	Called up share capital

Number :

Class:

Nominal

2026

2025

value:

£

£

76

Ordinary A

£1

76

90

24

Ordinary B

£1

24

10

--------

--------

100

100

=====

=====

10.	Related party disclosures

Creditors includes balances of £54,388 (2025: £74,388) owed to the directors.