Company registration number 00469133 (England and Wales)
R.F.HAYWARD(KELTON FARMS)LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
R.F.HAYWARD(KELTON FARMS)LIMITED
BALANCE SHEET
AS AT
5 APRIL 2026
05 April 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
940,695
1,019,372
Investment properties
5
1,125,000
1,125,000
Investments
6
148,304
108,525
2,213,999
2,252,897
Current assets
Stocks
185,676
230,627
Debtors
7
57,658
19,988
Cash at bank and in hand
283,603
347,929
526,937
598,544
Creditors: amounts falling due within one year
8
(48,122)
(29,429)
Net current assets
478,815
569,115
Total assets less current liabilities
2,692,814
2,822,012
Provisions for liabilities
(371,934)
(398,603)
Net assets
2,320,880
2,423,409
Capital and reserves
Called up share capital
9
20,000
20,000
Fair value reserve
10
842,320
812,486
Profit and loss reserves
1,458,560
1,590,923
Total equity
2,320,880
2,423,409

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

R.F.HAYWARD(KELTON FARMS)LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2026
05 April 2026
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 July 2026 and are signed on its behalf by:
Mr SJ Tibbits
Mr JS Tibbits
Director
Director
Company Registration No. 00469133
R.F.HAYWARD(KELTON FARMS)LIMITED
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2026
05 April 2026
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’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.

2
Accounting policies
Company information

R.F.Hayward(Kelton Farms)Limited is a private company limited by shares incorporated in England and Wales. The registered office is Top Lodge,, Kelmarsh,, Northamptonshire, NN6 9LT.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover, consisting of sales of produce and income from subsidies, is recognised at the fair value of the consideration received or receivable, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates and is recognised over the period when the right to consideration is obtained.

Income from subsidies is recognised in full when the claim has been submitted and the relevant conditions for entitlement have been met.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0 - 5% on cost and 10% on reducing balance
Plant and equipment
20 - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

R.F.HAYWARD(KELTON FARMS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2026
2
Accounting policies
(Continued)
- 4 -
2.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss. An amount equivalent to the changes in fair value, net of provision for deferred taxation, is transferred to a separate fair value reserve, except to the extent that it represents a permanent diminution in value below cost.

2.5
Fixed asset investments

Fixed asset investments are initially recorded at their acquisition cost and are subsequently reported in the balance sheet at their fair value at the balance sheet date. For listed shares this is the unadjusted quoted price of identical shares on an active stock market and for unlisted shares their market value. Where a market value cannot be reliably determined such investments are stated at historic cost less impairment.

Realised gains and losses on the sale of investments are calculated as the difference between the net sale proceeds and their fair value at the start of the year or subsequent cost. Net realised gains/ losses and movement in fair values are included in the profit and loss account for the year. A corresponding transfer is made through reserves to/ from the fair value reserve for the relevant gain/ loss net of provision for taxation.

Income arising from these investments is included in the profit and loss account under the heading of income from fixed asset investments

2.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

2.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments' to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, which includ e creditors and bank loans, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

R.F.HAYWARD(KELTON FARMS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2026
2
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

2.11
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
6
6
R.F.HAYWARD(KELTON FARMS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2026
- 6 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 6 April 2025 and 5 April 2026
1,003,101
898,508
1,901,609
Depreciation and impairment
At 6 April 2025
263,067
619,170
882,237
Depreciation charged in the year
17,124
61,553
78,677
At 5 April 2026
280,191
680,723
960,914
Carrying amount
At 5 April 2026
722,910
217,785
940,695
At 5 April 2025
740,034
279,338
1,019,372

Included in freehold land and buildings is freehold land at a cost of £496,810 (2025 - £496,810) which is not depreciated.

5
Investment property
2026
£
Fair value
At 6 April 2025 and 5 April 2026
1,125,000

The investment properties are residential properties that are let by the company on a commercial basis through agents specialising in the sale and letting of properties of this nature. Their fair value has been determined by the directors as their estimated open market values on the basis of informal advice that they have received from the letting agents.

6
Fixed asset investments
2026
2025
£
£
Listed investments
148,304
108,525
R.F.HAYWARD(KELTON FARMS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2026
6
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 6 April 2025
108,525
Revaluations
39,779
At 5 April 2026
148,304
Carrying amount
At 5 April 2026
148,304
At 5 April 2025
108,525
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
36,285
4,555
Corporation tax recoverable
12
9
VAT
3,295
3,526
Prepayments and accrued income
18,066
11,898
57,658
19,988
8
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
31,220
5,596
Taxation and social security
209
5,991
Credit cards
609
402
Accruals and deferred income
16,084
17,440
48,122
29,429
9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
20,000
20,000
20,000
20,000
R.F.HAYWARD(KELTON FARMS)LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2026
- 8 -
10
Fair value reserve
2026
2025
£
£
At the beginning of the year
812,486
817,296
Transfer from/(to) profit and loss account
29,834
(4,810)
At the end of the year
842,320
812,486
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