Caseware UK (AP4) 2025.0.111 2025.0.111 2026-03-31 2026-03-31 false 4 2025-04-01 false 4 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15971966 2026-03-31 15971966 2025-04-01 2026-03-31 15971966 2024-09-23 2025-03-31 15971966 2025-03-31 15971966 c:Director1 2025-04-01 2026-03-31 15971966 d:Buildings 2025-04-01 2026-03-31 15971966 d:Buildings 2026-03-31 15971966 d:Buildings 2025-03-31 15971966 d:Buildings d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 15971966 d:PlantMachinery 2025-04-01 2026-03-31 15971966 d:PlantMachinery 2026-03-31 15971966 d:PlantMachinery 2025-03-31 15971966 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 15971966 d:MotorVehicles 2025-04-01 2026-03-31 15971966 d:MotorVehicles 2026-03-31 15971966 d:MotorVehicles 2025-03-31 15971966 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 15971966 d:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 15971966 d:OtherPropertyPlantEquipment 2026-03-31 15971966 d:OtherPropertyPlantEquipment 2025-03-31 15971966 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 15971966 d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 15971966 d:CurrentFinancialInstruments 2026-03-31 15971966 d:CurrentFinancialInstruments 2025-03-31 15971966 d:Non-currentFinancialInstruments 2026-03-31 15971966 d:Non-currentFinancialInstruments 2025-03-31 15971966 d:CurrentFinancialInstruments d:WithinOneYear 2026-03-31 15971966 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 15971966 d:ShareCapital 2026-03-31 15971966 d:ShareCapital 2025-03-31 15971966 d:MergerReserve 2026-03-31 15971966 d:MergerReserve 2025-03-31 15971966 d:RetainedEarningsAccumulatedLosses 2026-03-31 15971966 d:RetainedEarningsAccumulatedLosses 2025-03-31 15971966 c:FRS102 2025-04-01 2026-03-31 15971966 c:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 15971966 c:FullAccounts 2025-04-01 2026-03-31 15971966 c:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 15971966 2 2025-04-01 2026-03-31 15971966 6 2025-04-01 2026-03-31 15971966 e:PoundSterling 2025-04-01 2026-03-31 iso4217:GBP xbrli:pure

Registered number: 15971966 GRAZING GROUND FARMS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2026
GRAZING GROUND FARMS LIMITED REGISTERED NUMBER:15971966
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,151,385 |  | 1,867,972
Investments | 5 |  | 17,017 |  | 17,017
|  |  | 2,168,402 |  | 1,884,989
Current assets |  |  |  |  |
Stocks |  | 186,400 |  | 137,077 |
Debtors: amounts falling due after more than one year | 6 | - |  | 12,655 |
Debtors: amounts falling due within one year | 6 | 64,408 |  | 165,041 |
Cash at bank and in hand |  | 647,486 |  | 826,535 |
|  | 898,294 |  | 1,141,308 |
Creditors: amounts falling due within one year | 7 | (516,423) |  | (484,549) |
Net current assets |  |  | 381,871 |  | 656,759
Total assets less current liabilities |  |  | 2,550,273 |  | 2,541,748
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (15,502) |  | (9,117) |
|  |  | (15,502) |  | (9,117)
Net assets |  |  | 2,534,771 |  | 2,532,631
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Merger reserve |  |  | 2,503,586 |  | 2,503,586
Profit and loss account |  |  | 31,184 |  | 29,044
|  |  | 2,534,771 |  | 2,532,631
Page 1
GRAZING GROUND FARMS LIMITED REGISTERED NUMBER:15971966
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2026 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ Mr D J Crawford
Director
Date: 4 August 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
GRAZING GROUND FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General information
Grazing Ground Farms Limited is a private company limited by shares and incorporated in England and Wales, registration number 15971966. The registered office is The Common, Shelton, Norwich, Norfolk, NR15 2SH. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 presented in sterling which is the functional currency of the company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
GRAZING GROUND FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
GRAZING GROUND FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Land is not depreciated. Depreciation on other assets is provided on the following basis:
|  |  |  | Freehold property | - | 20% | / 2% straight line
|  |  |  | Plant and machinery | - | 20% | reducing balance / 20% straight line
|  |  |  | Motor vehicles | - | 20% | reducing balance / 20% straight line
|  |  |  | Leadhold property interests | - | 20% | / 2% straight line
| 2.8 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value after making due allowance for obselete and slow-moving stocks. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
GRAZING GROUND FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.13 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2025 - 4).
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Leasehold property interests | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2025 | 998,377 | 154,106 | 9,166 | 719,321 | 1,880,970
| Additions | 312,600 | 6,805 | - | - | 319,405
| At 31 March 2026 | 1,310,977 | 160,911 | 9,166 | 719,321 | 2,200,375
| Depreciation |  |  |  |  |
| At 1 April 2025 | 1,070 | 9,678 | 764 | 1,486 | 12,998
| Charge for the year on owned assets | 9,817 | 22,823 | 783 | 2,569 | 35,992
| At 31 March 2026 | 10,887 | 32,501 | 1,547 | 4,055 | 48,990
| Net book value |  |  |  |  |
| At 31 March 2026 | 1,300,090 | 128,410 | 7,619 | 715,266 | 2,151,385
| At 31 March 2025 | 997,307 | 144,428 | 8,402 | 717,835 | 1,867,972
Page 6
GRAZING GROUND FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
5. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| At 1 April 2025 | 17,017
| At 31 March 2026 | 17,017
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | - | 12,655
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Due within one year |  |
| Amounts owed by group undertakings | 2,415 | -
| Other debtors | 17,073 | 152,696
| Prepayments and accrued income | 44,920 | 12,345
|  | 64,408 | 165,041
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 12,186 | 5,220
| Corporation tax | - | 2,482
| Other taxation and social security | 1,983 | 705
| Other creditors | 444,924 | 434,615
| Accruals and deferred income | 57,330 | 41,527
|  | 516,423 | 484,549
Page 7
GRAZING GROUND FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
8. | Pension commitments
The Company operates a defined contribution plan for its employees. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,000.
9. | Related party transactions
| At the 31 March 2026, a director was owed by the company a total of £444,924 (2025: £434,615). No interest is charged in respect of the balance and the total balance is repayable on demand.
10. | Controlling party
The immediate and ultimate controlling party and partner company is Grazing Ground Holdings Limited whose registered office is The Common, Shelton, Norwich, Norfolk, NR15 2SH. The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the Parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Page 8