REGISTERED NUMBER: 13898234 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MOLESCROFT FARM ESTATE LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

M J W Hall

Miss T C W Hall

Mrs C R W Parsonage

Mrs C D Hall

Miss J J W Hall

REGISTERED OFFICE:

Molescroft Farm

Grange Way

Beverley

East Yorkshire

HU17 9FS

REGISTERED NUMBER:

13898234 (England and Wales)

AUDITORS:

BCO Accountants LLP

Chartered Certified Accountants

and Statutory Auditors

Driffield

The directors present their strategic report of the company and the group for the year ended 31 August 2025.

REVIEW OF BUSINESS

The key financial highlights are as follows:

2025

2024

2023

£

£

£

Turnover

2,852

2,839

2,740

Profit before tax

1,009

800

244

Net assets

5,841

6,025

5,513

The directors consider the group results for the year to be satisfactory.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks for the group are weather related issues for agriculture and meeting legal and regulatory requirements to ensure safe effective childcare.

KEY PERFORMANCE INDICATORS

2025

2024

2023

Growth in Revenue

0.5%

3.6%

-

Gross Profit Margin

40%

35%

16%

Net Profit Margin

35%

28%

9%

FUTURE DEVELOPMENTS

In view of the group's continued successful financial results the directors will continue the same business model as previously and expect to continue trading at the same productivity levels as in previous years.

FINANCIAL INSTRUMENTS

The group's principal financial instruments comprise of bank balances and trade creditors. The main purpose of these instruments is to raise funds and finance for the group's operations.

Due to the nature of the financial instruments used by the group there is limited exposure to price risk. The group's approach to managing other risks applicable to the financial instruments is shown below.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet the amounts due.

ON BEHALF OF THE BOARD:

Miss T C W Hall - Director

26 May 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 August 2025.

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of farming and a children's nursery.

DIVIDENDS

Interim dividends of £1,031,059 were paid on the ordinary £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the period ended 31 August 2025 will be £1,031,059 (2024 - £176,472).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

M J W Hall

Miss T C W Hall

Mrs C R W Parsonage

Mrs C D Hall

Miss J J W Hall

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of future developments and financial instruments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, BCO Accountants LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Miss T C W Hall - Director

26 May 2026

Opinion

We have audited the financial statements of Molescroft Farm Estate Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 August 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the group and determined that the most significant are those that relate to:

- Financial Reporting Standard 102

- Companies Act 2006

- Health and safety

- Safeguarding

We assessed the risks of material misstatement in respect of fraud through discussions with directors.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above. Enquiries were made of management and we corroborated our enquiries by reviewing the company's health and safety manuals and OFSTED reports.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries throughout the year into our audit approach.

Based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud. We considered the risk of fraud to be low. Accounting policies were reviewed and an element of unpredictability was included in our audit procedures.

We consider that the nature, timing and extent of audit procedures performed increases the likelihood of detection of any irregularities.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Bryan Wilson FCCA (Senior Statutory Auditor)

for and on behalf of BCO Accountants LLP

Chartered Certified Accountants

and Statutory Auditors

Driffield

3 August 2026

TURNOVER

3

2,852,333

2,839,501

Cost of sales

(1,706,160

)

(1,851,455

)

GROSS PROFIT

1,146,173

988,046

Administrative expenses

(543,963

)

(552,265

)

602,210

435,781

Other operating income

4

366,984

316,146

OPERATING PROFIT

6

969,194

751,927

Income from fixed asset investments

20,738

33,234

Interest receivable and similar income

20,096

15,132

1,010,028

800,293

Interest payable and similar expenses

7

(99

)

-

PROFIT BEFORE TAXATION

1,009,929

800,293

Tax on profit

8

(256,062

)

(202,328

)

PROFIT FOR THE FINANCIAL YEAR

753,867

597,965

Profit attributable to:

Owners of the parent

753,867

597,965

PROFIT FOR THE YEAR

753,867

597,965

OTHER COMPREHENSIVE INCOME

Gain on revaluation of investments

92,797

90,372

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

92,797

90,372

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

846,664

688,337

Total comprehensive income attributable to:

Owners of the parent

846,664

688,337

FIXED ASSETS

Tangible assets

11

4,214,495

4,176,852

Investments

12

1,043,200

920,638

5,257,695

5,097,490

CURRENT ASSETS

Stocks

13

324,584

315,133

Debtors

14

292,695

339,766

Cash at bank

878,043

991,763

1,495,322

1,646,662

CREDITORS

Amounts falling due within one year

15

(682,064

)

(507,337

)

NET CURRENT ASSETS

813,258

1,139,325

TOTAL ASSETS LESS CURRENT LIABILITIES

6,070,953

6,236,815

CREDITORS

Amounts falling due after more than one year

16

(20,833

)

-

PROVISIONS FOR LIABILITIES

19

(209,100

)

(211,400

)

NET ASSETS

5,841,020

6,025,415

CAPITAL AND RESERVES

Called up share capital

20

12,522,509

12,522,509

Share premium

21

698,167

698,167

Consolidation reserve

21

(11,271,509

)

(11,271,509

)

Fair value reserve

21

216,974

124,177

Retained earnings

21

3,674,879

3,952,071

SHAREHOLDERS' FUNDS

5,841,020

6,025,415

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

Miss T C W Hall - Director

Mrs C R W Parsonage - Director

FIXED ASSETS

Tangible assets

11

-

-

Investments

12

12,522,609

12,522,609

12,522,609

12,522,609

CREDITORS

Amounts falling due within one year

15

(100

)

(100

)

NET CURRENT LIABILITIES

(100

)

(100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,522,509

12,522,509

CAPITAL AND RESERVES

Called up share capital

20

12,522,509

12,522,509

SHAREHOLDERS' FUNDS

12,522,509

12,522,509

Company's profit for the financial year

1,031,059

176,472

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

Miss T C W Hall - Director

Mrs C R W Parsonage - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 September 2023

12,522,509

3,530,578

698,167

Changes in equity

Dividends

-

(176,472

)

-

Total comprehensive income

-

597,965

-

Balance at 31 August 2024

12,522,509

3,952,071

698,167

Changes in equity

Dividends

-

(1,031,059

)

-

Total comprehensive income

-

753,867

-

Balance at 31 August 2025

12,522,509

3,674,879

698,167

Fair

Consolidation

value

Total

reserve

reserve

equity

£

£

£

Balance at 1 September 2023

(11,271,509

)

33,805

5,513,550

Changes in equity

Dividends

-

-

(176,472

)

Total comprehensive income

-

90,372

688,337

Balance at 31 August 2024

(11,271,509

)

124,177

6,025,415

Changes in equity

Dividends

-

-

(1,031,059

)

Total comprehensive income

-

92,797

846,664

Balance at 31 August 2025

(11,271,509

)

216,974

5,841,020

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

12,522,509

-

12,522,509

Changes in equity

Dividends

-

(176,472

)

(176,472

)

Total comprehensive income

-

176,472

176,472

Balance at 31 August 2024

12,522,509

-

12,522,509

Changes in equity

Dividends

-

(1,031,059

)

(1,031,059

)

Total comprehensive income

-

1,031,059

1,031,059

Balance at 31 August 2025

12,522,509

-

12,522,509

Cash flows from operating activities

Cash generated from operations

1

1,303,863

825,319

Interest element of hire purchase payments paid

(99

)

-

Tax paid

(191,077

)

(190,298

)

Net cash from operating activities

1,112,687

635,021

Cash flows from investing activities

Purchase of tangible fixed assets

(244,167

)

(176,563

)

Purchase of fixed asset investments

(29,765

)

(44,198

)

Sale of tangible fixed assets

250

18,500

Interest received

20,096

15,132

Dividends received

20,738

33,234

Net cash from investing activities

(232,848

)

(153,895

)

Cash flows from financing activities

Capital repayments in year

(12,500

)

(36,250

)

Amount introduced by directors

-

50,000

Hire purchase finance

50,000

-

Equity dividends paid

(1,031,059

)

(176,472

)

Net cash from financing activities

(993,559

)

(162,722

)

(Decrease)/increase in cash and cash equivalents

(113,720

)

318,404

Cash and cash equivalents at beginning of year

2

991,763

673,359

Cash and cash equivalents at end of year

2

878,043

991,763

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,009,929

800,293

Depreciation charges

230,950

227,224

Profit on disposal of fixed assets

(24,676

)

(7,727

)

Finance costs

99

-

Finance income

(40,834

)

(48,366

)

1,175,468

971,424

Increase in stocks

(9,451

)

(15,365

)

Decrease/(increase) in trade and other debtors

47,071

(163,837

)

Increase in trade and other creditors

90,775

33,097

Cash generated from operations

1,303,863

825,319

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2025

31/8/25

1/9/24

£

£

Cash and cash equivalents

878,043

991,763

Year ended 31 August 2024

31/8/24

1/9/23

£

£

Cash and cash equivalents

991,763

673,359

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/9/24

Cash flow

At 31/8/25

£

£

£

Net cash

Cash at bank

991,763

(113,720

)

878,043

991,763

(113,720

)

878,043

Debt

Finance leases

-

(37,500

)

(37,500

)

-

(37,500

)

(37,500

)

Total

991,763

(151,220

)

840,543

1.	STATUTORY INFORMATION

Molescroft Farm Estate 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 General Information page.

The group consists of Molescroft Farm Estate Limited and its two subsidiary companies.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

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

Land

-

not provided

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

25% on cost, 25% on reducing balance and Straight line over 20 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Financial instruments

Basic financial assets including trade and other receivables, cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

Basic financial liabilities including trade and other payables and bank loans are initially recognised at transaction price and subsequently measured at amortised cost.