REGISTERED NUMBER: 05426049 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2024 to 31 October 2025

for

FARNCOMBE FRESH FOODS WHOLESALE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M J Lo Conte

M G Lo Conte

Ms M Lo Conte

SECRETARY:

Mrs M J Lo Conte

REGISTERED OFFICE:

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

REGISTERED NUMBER:

05426049 (England and Wales)

ACCOUNTANTS:

A & N (Haslemere) Limited

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

FIXED ASSETS

Intangible assets

3

-

5,850

Tangible assets

4

916,704

881,687

916,704

887,537

CURRENT ASSETS

Stocks

-

41,000

Debtors

5

438,329

550,999

Cash at bank

574,314

851,108

1,012,643

1,443,107

CREDITORS

Amounts falling due within one year

6

208,833

527,077

NET CURRENT ASSETS

803,810

916,030

TOTAL ASSETS LESS CURRENT LIABILITIES

1,720,514

1,803,567

CREDITORS

Amounts falling due after more than one year

7

(29,754

)

-

PROVISIONS FOR LIABILITIES

-

(14,113

)

NET ASSETS

1,690,760

1,789,454

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

24,218

24,218

Retained earnings

1,666,442

1,765,136

SHAREHOLDERS' FUNDS

1,690,760

1,789,454

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mrs M J Lo Conte - Director

1.	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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill arose on incorporation in 2005 of the old business. The directors have estimated a 20 year life for the value of the goodwill and as such amortisation on a straight line basis.In line with FRS102 (1a) the directors reviewed the value of the Goodwill on 30 April 2016 and believe that ten years is a reliable estimate of its useful remaining life and therefore no revision to the current rate of amortisation is necessary.

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.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33.3333% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

At the balance sheet date the company had accelerated capital allowances giving rise to a deferred tax liability of £21,717. A deferred tax asset arising on trading losses carried forward has been recognised to the extent of this liability, and accordingly no net provision is carried (2024: £14,113). The remaining deferred tax asset in respect of losses has not been recognised as there is insufficient certainty over the availability of future taxable profits against which it would reverse.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 12 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 31 October 2025

117,000

AMORTISATION

At 1 May 2024

111,150

Charge for period

5,850

At 31 October 2025

117,000

NET BOOK VALUE

At 31 October 2025

-

At 30 April 2024

5,850

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST OR VALUATION

At 1 May 2024

799,237

118,011

176,996

Additions

30,600

-

-

Disposals

-

-

-

At 31 October 2025

829,837

118,011

176,996

DEPRECIATION

At 1 May 2024

-

92,012

163,794

Charge for period

-

13,419

5,828

Eliminated on disposal

-

-

-

At 31 October 2025

-

105,431

169,622

NET BOOK VALUE

At 31 October 2025

829,837

12,580

7,374

At 30 April 2024

799,237

25,999

13,202

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

19,071

368,736

1,482,051

Additions

-

59,590

90,190

Disposals

-

(316,021

)

(316,021

)

At 31 October 2025

19,071

112,305

1,256,220

DEPRECIATION

At 1 May 2024

18,400

326,158

600,364

Charge for period

293

22,177

41,717

Eliminated on disposal

-

(302,565

)

(302,565

)

At 31 October 2025

18,693

45,770

339,516

NET BOOK VALUE

At 31 October 2025

378

66,535

916,704

At 30 April 2024

671

42,578

881,687

Included in cost or valuation of land and buildings is freehold land of £ 530,000 (2024 - £ 530,000 ) which is not depreciated.

Cost or valuation at 31 October 2025 is represented by:

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

Valuation in 2017

25,568

-

-

Cost

804,269

118,011

176,996

829,837

118,011

176,996

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Valuation in 2017

-

-

25,568

Cost

19,071

112,305

1,230,652

19,071

112,305

1,256,220

If freehold properties had not been revalued they would have been included at the following historical cost:

31.10.25

30.4.24

£

£

Cost

767,200

736,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

30.4.24

£

£

Trade debtors

110,379

211,178

Other debtors

327,950

339,821

438,329

550,999

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

30.4.24

£

£

Hire purchase contracts

9,918

-

Trade creditors

74,677

294,372

Taxation and social security

462

10,583

Other creditors

123,776

222,122

208,833

527,077

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

30.4.24

£

£

Hire purchase contracts

29,754

-

8.

RESERVES

Fair

value

reserve

£

At 1 May 2024

and 31 October 2025

24,218

9.	CAPITAL COMMITMENTS

31.10.25

30.4.24

£

£

Contracted but not provided for in the

financial statements

-

50,000

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M J Lo Conte.