Robertshaw's Farm Shop Limited - Period Ending 2026-01-31

Registration number: 08474146

Robertshaw's Farm Shop Limited

Annual Report and Consolidated Financial Statements

for the Year Ended 31 January 2026

Robertshaw's Farm Shop Limited

Contents

Strategic Report	1 to 2
Director's Report	3
Statement of Director's Responsibilities	4
Independent Auditor's Report	5 to 7
Consolidated Profit and Loss Account and Statement of Retained Earnings	8
Consolidated Balance Sheet	9
Balance Sheet	10
Consolidated Statement of Cash Flows	11
Notes to the Financial Statements	12 to 27

Robertshaw's Farm Shop Limited

Strategic Report for the Year Ended 31 January 2026

The director presents his strategic report for the year ended 31 January 2026.

Principal activity

The principal activity of the group is The principal activity of the Group is the raising of sheep and goats, processing and preserving of meat, the manufacture of bread, fresh pastry goods and cakes, together with the retail sale of food and related products through its farm shop operations.

Fair review of the business

The Group delivered an excellent performance during the year, achieving significant growth in both turnover and profitability following continued investment in the business and the successful expansion of its retail operations.

Turnover increased to £20.7 million (2025: £11.3 million) while gross profit increased to £3.1 million (2025: £2.2 million). Profit before taxation increased to £651,000 (2025: £275,000), reflecting strong sales growth combined with careful management of operating costs.

During the year the Group completed the acquisition of Barkers Yorkshire Butchers Limited and successfully opened its newly acquired Skipton site, formerly Keelham Farm Shop, following an extensive refurbishment programme. These investments have strengthened the Group's market position and significantly increased its trading capacity.

The business has continued to operate in a challenging trading environment, with ongoing inflationary pressures affecting raw material prices, energy costs and payroll. Meat prices in particular remain volatile due to continuing supply constraints. Despite these challenges, we have maintained a strong focus on pricing, purchasing and operational efficiency, enabling the business to improve profitability whilst maintaining the high quality and customer service for which Robertshaw's Farm Shop is recognised.

Cash generation remained strong throughout the year and the Group ended the financial year with cash balances of £1.1 million, providing a solid platform to support future investment and growth.

The directors remain confident in the long-term prospects of the Group and believe the investments made during the year place the business in a strong position for continued sustainable growth.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs	Unit	2026	2025
Turnover	£'000	20,703	11,258
Gross Profit	£'000	3,121	2,220
Profit on ordinary activities before tax	£'000	651	275
Net current liabilities	£'000	1,013	987
Net assets	£'000	1,527	1,258

Principal risks and uncertainties

The principal risks facing the Group continue to include inflationary pressures on raw material costs, particularly meat products, together with increases in labour, energy and other operating costs. The directors continually review supplier pricing, purchasing strategies and selling prices to protect margins whilst maintaining the quality standards expected by customers.

The Group also manages its liquidity carefully following the acquisition of the Skipton property and the related long-term financing arrangements. Cash flow and borrowing levels are monitored regularly to ensure the business maintains sufficient financial flexibility to support ongoing operations and future investment.

The directors consider the Group to be well positioned to respond to these challenges and remain confident in its future prospects.

Robertshaw's Farm Shop Limited

Strategic Report for the Year Ended 31 January 2026

Approved and authorised by the director on 28 July 2026

.........................................
J A Robertshaw
Director

Robertshaw's Farm Shop Limited

Director's Report for the Year Ended 31 January 2026

The director presents his report and the for the year ended 31 January 2026.

Director of the group

The director who held office during the year was as follows:

J A Robertshaw

Information included in the Strategic Report

All items required under Sch. 7 of Large and Medium-sized Companies and Groups (Accounts and Reports Regulations) 2008 to be disclosed in the directors’ report are set out in the strategic report in accordance with s.414C(11) CA 2006.

Disclosure of information to the auditor

The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditor is unaware.

Approved and authorised by the director on 28 July 2026

.........................................
J A Robertshaw
Director

Robertshaw's Farm Shop Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

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

•	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

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

Robertshaw's Farm Shop Limited

Independent Auditor's Report to the Members of Robertshaw's Farm Shop Limited

Opinion

We have audited the financial statements of Robertshaw's Farm Shop Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026, which comprise the Consolidated Profit and Loss Account and Statement of Retained Earnings, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows, and 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 affairs as at 31 January 2026 and of its 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 auditor 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 director's 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 ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

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

Other information

The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion on other matter 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 Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Robertshaw's Farm Shop Limited

Independent Auditor's Report to the Members of Robertshaw's Farm Shop Limited

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

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 director's remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the director is 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 director determines is 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor 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 an auditor’s report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

In planning and designing our audit tests, we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business performance along with the results of our enquiries of management, about their own identification and assessment of the risks of irregularities. We are also required to perform specific procedures to respond to the risk of management override.

Following this assessment we considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in evaluating the stock & revenue.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, through discussions with directors and other management, and from our commercial knowledge and experience of the sector in which the company operates, to enable us to identify the key laws and regulations applicable to the company. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation.

	We then performed audit procedures after consideration of the above risks which included the following:
•	obtaining a detailed understanding of the methodology adopted by management and any key assumptions underpinning the calculation of stock;

Robertshaw's Farm Shop Limited

Independent Auditor's Report to the Members of Robertshaw's Farm Shop Limited

•	performing stock existence testing to gain assurance that stock isn’t materially misstated;
•	performing sales completeness testing to gain assurance that revenue isn't materially misstated;
•	enquiring of management concerning actual and potential litigation and claims;
•	reviewing correspondence with HMRC, and the company’s legal advisors;
•	performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
•	reading minutes of meetings of those charged with governance; and
•	in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
	All engagement team members were informed of the relevant laws and regulations and potential fraud risks at the planning stage and reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify such items. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 an auditor’s report 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.

......................................
Mark Wilcock FCA (Senior Statutory Auditor)
For and on behalf of Watson Buckle Limited,
Statutory Auditors & Chartered Accountants
Bradford

28 July 2026

Robertshaw's Farm Shop Limited

Consolidated Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 January 2026

	Note	2026 £	2025 £
Turnover	3	20,703,400	11,258,145
Cost of sales		(17,582,100)	(9,038,248)
Gross profit		3,121,300	2,219,897
Administrative expenses		(2,320,592)	(1,886,859)
Operating profit	4	800,708	333,038
Other interest receivable and similar income	5	5,039	441
Interest payable and similar charges	6	(155,144)	(58,722)
Profit before tax		650,603	274,757
Taxation	10	(181,640)	(74,410)
Profit for the financial year		468,963	200,347
Profit/(loss) attributable to:
Owners of the company		468,963	200,347
Retained earnings brought forward		1,257,610	1,207,263
Dividends paid		(200,000)	(150,000)
Retained earnings carried forward		1,526,573	1,257,610

Robertshaw's Farm Shop Limited

(Registration number: 08474146)
Consolidated Balance Sheet as at 31 January 2026

	Note	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	11		126,584		-
Tangible assets	12		5,044,644		4,716,603
			5,171,228		4,716,603
Current assets
Stocks	15	765,185		440,518
Debtors	16	198,233		149,847
Cash at bank and in hand		1,138,993		499,234
		2,102,411		1,089,599
Creditors: Amounts falling due within one year	18	(3,115,426)		(2,076,700)
Net current liabilities			(1,013,015)		(987,101)
Total assets less current liabilities			4,158,213		3,729,502
Creditors: Amounts falling due after more than one year	18		(2,324,535)		(2,256,792)
Provisions for liabilities	20		(307,005)		(215,000)
Net assets			1,526,673		1,257,710
Capital and reserves
Called up share capital	22	100		100
Retained earnings	23	1,526,573		1,257,610
Equity attributable to owners of the company		1,526,673		1,257,710
Shareholders' funds			1,526,673		1,257,710

Approved and authorised by the director on 28 July 2026

.........................................
J A Robertshaw
Director

Robertshaw's Farm Shop Limited

(Registration number: 08474146)
Balance Sheet as at 31 January 2026

	Note	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	12		4,944,278		4,675,583
Investments	13		179,582		100
			5,123,860		4,675,683
Current assets
Stocks	15	727,095		440,518
Debtors	16	51,257		134,805
Cash at bank and in hand		994,884		408,546
		1,773,236		983,869
Creditors: Amounts falling due within one year	18	(2,937,767)		(2,095,883)
Net current liabilities			(1,164,531)		(1,112,014)
Total assets less current liabilities			3,959,329		3,563,669
Creditors: Amounts falling due after more than one year	18		(2,305,590)		(2,224,295)
Provisions for liabilities	20		(291,000)		(209,000)
Net assets			1,362,739		1,130,374
Capital and reserves
Called up share capital	22	100		100
Profit and loss account		1,362,639		1,130,274
Shareholders' funds			1,362,739		1,130,374

The exemption under section 408 of the Companies Act has been taken therefore a Company Profit and Loss Account is not included. The company made a profit after tax for the financial year of £432,365 (2025 - profit of £138,285).

Approved and authorised by the director on 28 July 2026

.........................................
J A Robertshaw
Director

Robertshaw's Farm Shop Limited

Consolidated Statement of Cash Flows for the Year Ended 31 January 2026

	Note	2026 £	2025 £
Cash flows from operating activities
Profit for the year		468,963	200,347
Adjustments to cash flows from non-cash items
Depreciation and amortisation	4	343,080	214,535
(Profit)/loss on disposal of tangible assets		(40,000)	326,306
Finance income		(5,039)	(441)
Finance costs		155,144	58,722
Corporation tax expense	10	181,640	74,410
		1,103,788	873,879
Working capital adjustments
Increase in stocks		(324,667)	(31,064)
(Increase)/decrease in trade debtors		(241,751)	17,870
Increase in trade creditors		734,113	661,867
Cash generated from operations		1,271,483	1,522,552
Corporation taxes paid	10	(12)	(99,410)
Net cash flow from operating activities		1,271,471	1,423,142
Cash flows from investing activities
Interest received		5,039	441
Acquisition of subsidiaries	13	(66,083)	-
Acquisitions of tangible assets		(302,599)	(2,991,463)
Proceeds from sale of tangible assets		40,523	14,000
Net cash flows from investing activities		(323,120)	(2,977,022)
Cash flows from financing activities
Interest paid		(155,144)	(58,722)
Proceeds from bank borrowing draw downs		-	2,200,000
Repayment of bank borrowing		(38,851)	(334,553)
Repayment of other borrowing		(11,154)	(185,705)
Payments to finance lease creditors		(103,443)	(64,142)
Dividends paid		-	(150,000)
Net cash flows from financing activities		(308,592)	1,406,878
Net increase/(decrease) in cash and cash equivalents		639,759	(147,002)
Cash and cash equivalents at 1 February		499,234	646,236
Cash and cash equivalents at 31 January		1,138,993	499,234

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Keelham Hall Farm
Thornton
Bradford
BD13 3SS

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were 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.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under Financial Reporting Standard 102 Section 33 Related Party Disclosures from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 January 2026.

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

Key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by
definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing
a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed
below.

Useful economic lives of tangible assets
The annual depreciation charge for tangible assets and their carrying amount is determined by the estimated useful
economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually
and amended when necessary to reflect current estimates, based on technological advancement, future investments,
economic utilisation and the physical condition of the assets.. The carrying amount is £5,044,644 (2025 -£4,716,603).

Stock provision
The company makes an estimate of the recoverability of the cost of stock. When calculating the stock provision,
management considers the nature and condition of the stock, as well as applying assumptions around anticipated
saleability of finished goods and future usage of raw materials.. The carrying amount is £765,185 (2025 -£440,518).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods, for the generation of electricity, and for services rendered in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 group operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% straight line basis
Furniture, fittings, and equipment	10 - 12.5% straight line basis
Office equipment	12.5 - 25% straight line basis
Motor vehicles	25% straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3

Turnover

The analysis of the group's Turnover for the year from continuing operations is as follows:

	2026 £	2025 £
Sale of goods	20,703,400	11,258,145

4	Operating profit

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	336,418	214,535
Amortisation expense	6,662	-
(Profit)/loss on disposal of property, plant and equipment	(40,000)	326,306

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

5	Other interest receivable and similar income

	2026 £	2025 £
Interest income on bank deposits	5,027	441
Other finance income	12	-
	5,039	441

6	Interest payable and similar expenses

	2026 £	2025 £
Interest on bank overdrafts and borrowings	145,756	52,818
Interest on obligations under finance leases and hire purchase contracts	9,388	5,904
	155,144	58,722

7	Staff costs

The aggregate payroll costs (including director's remuneration) were as follows:

	2026 £	2025 £
Wages and salaries	4,280,328	2,163,159
Social security costs	496,456	152,354
Pension costs, defined contribution scheme	76,084	39,985
	4,852,868	2,355,498

The average number of persons employed by the group (including the director) during the year, analysed by category was as follows:

	2026 No.	2025 No.
Production	196	117
Administration and support	22	8
	218	125

8	Director's remuneration

The director's remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	442,242	14,674

In respect of the highest paid director:

	2026 £	2025 £
Remuneration	442,232	14,674

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

9	Auditors' remuneration

	2026 £	2025 £
Audit of these financial statements	19,450	18,950

10

Taxation

Tax charged/(credited) in the consolidated profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	108,375	-
UK corporation tax adjustment to prior periods	-	410
	108,375	410
Deferred taxation
Arising from origination and reversal of timing differences	73,265	74,000
Tax expense in the income statement	181,640	74,410

The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2025 - higher than the standard rate of corporation tax in the UK) of 25% (2025 - 25%).

The differences are reconciled below:

	2026 £	2025 £
Profit before tax	650,603	274,757
Corporation tax at standard rate	162,651	68,689
Decrease from effect of different UK tax rates on some earnings	(717)	-
Effect of expense not deductible in determining taxable profit (tax loss)	19,706	1,895
Tax increase from other tax effects	-	3,826
Total tax charge	181,640	74,410

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Deferred tax

Group

Deferred tax assets and liabilities

2026	Liability £
Accelerated capital allowances	309,510
Tax losses carried forward	(505)
Other timing differences	(2,000)
	307,005

2025	Liability £
Accelerated capital allowances	244,000
Tax losses carried forward	(28,000)
Other timing differences	(1,000)
	215,000

The amount of the net reversal of deferred tax assets and deferred tax liabilities expected to occur during the year beginning after the reporting period is £83,432 (2025 - £93,376).

Company

Deferred tax assets and liabilities

2026	Liability £
Accelerated capital allowances	293,000
Other timing differences	(2,000)
	291,000

2025	Liability £
Accelerated capital allowances	238,000
Tax losses carried forward	(28,000)
Other timing differences	(1,000)
	209,000

The amount of the net reversal of deferred tax assets and deferred tax liabilities expected to occur during the year beginning after the reporting period is £83,432 (2025 - £93,376).

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

11	Intangible assets

Group

Goodwill
£

Total
£

Cost or valuation

At 1 February 2025

280,000

280,000

Acquired through business combinations

133,246

133,246

At 31 January 2026

413,246

413,246

Amortisation

At 1 February 2025

280,000

280,000

Amortisation charge

6,662

6,662

At 31 January 2026

286,662

286,662

Carrying amount

At 31 January 2026

126,584

126,584

At 31 January 2025

-

-

12

Tangible assets

Group

Land and buildings
£

Furniture, fittings and equipment
£

Office equipment
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 February 2025

3,950,054

69,650

1,454,602

230,261

5,704,567

Additions

213,460

20,751

262,201

81,000

577,412

Acquired through business combinations

7,155

43,856

156,234

94,929

302,174

Disposals

-

-

-

(55,828)

(55,828)

Transfers

(4,650)

-

4,650

-

-

At 31 January 2026

4,166,019

134,257

1,877,687

350,362

6,528,325

Depreciation

At 1 February 2025

124,714

44,295

651,516

167,439

987,964

Charge for the year

85,193

14,599

177,681

58,945

336,418

Eliminated on disposal

-

-

-

(55,305)

(55,305)

Acquired through business combinations

7,155

39,704

95,025

72,720

214,604

At 31 January 2026

217,062

98,598

924,222

243,799

1,483,681

Carrying amount

At 31 January 2026

3,948,957

35,659

953,465

106,563

5,044,644

At 31 January 2025

3,825,340

25,355

803,086

62,822

4,716,603

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Included within the net book value of land and buildings above is £3,948,957 (2025 - £3,825,340) in respect of freehold land and buildings and £Nil (2025 - £Nil) in respect of short leasehold land and buildings.

Restriction on title and pledged as security

Land and buildings with a carrying amount of £3,948,957 (2025 - £3,825,340) has been pledged as security for loans and borrowings.

Fixtures and fittings with a carrying amount of £31,208 (2025 - £25,355) has been pledged as security for loans and borrowings.

Motor vehicles with a carrying amount of £90,298 (2025 - £62,822) has been pledged as security for loans and borrowings.

Office equipment with a carrying amount of £873,815 (2025 - £762,067) has been pledged as security for loans and borrowings.

Company

Land and buildings
£

Furniture, fittings and equipment
£

Office equipment
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 February 2025

3,950,054

69,650

1,093,960

230,261

5,343,925

Additions

213,460

18,969

261,577

81,000

575,006

Disposals

-

-

-

(55,305)

(55,305)

Transfers

(4,650)

-

4,650

-

-

At 31 January 2026

4,158,864

88,619

1,360,187

255,956

5,863,626

Depreciation

At 1 February 2025

124,714

44,295

331,894

167,439

668,342

Charge for the year

85,193

13,116

154,478

53,524

306,311

Eliminated on disposal

-

-

-

(55,305)

(55,305)

At 31 January 2026

209,907

57,411

486,372

165,658

919,348

Carrying amount

At 31 January 2026

3,948,957

31,208

873,815

90,298

4,944,278

At 31 January 2025

3,825,340

25,355

762,066

62,822

4,675,583

Included within the net book value of land and buildings above is £3,948,957 (2025 - £3,825,340) in respect of freehold land and buildings and £Nil (2025 - £Nil) in respect of short leasehold land and buildings.

Restriction on title and pledged as security

Land and buildings with a carrying amount of £3,948,957 (2025 - £3,825,340) has been pledged as security for loans and borrowings.

Fixtures and fittings with a carrying amount of £31,208 (2025 - £25,355) has been pledged as security for loans and borrowings.

Motor vehicles with a carrying amount of £90,298 (2025 - £62,822) has been pledged as security for loans and borrowings.

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Office equipment with a carrying amount of £873,815 (2025 - £762,066) has been pledged as security for loans and borrowings.

13	Investments

Company

	2026 £	2025 £
Investments in subsidiaries	179,582	100

Subsidiaries	£
Cost or valuation
At 1 February 2025	100
Additions	179,482
At 31 January 2026	179,582
Carrying amount
At 31 January 2026	179,582
At 31 January 2025	100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2026	2025
Subsidiary undertakings
H. Ambler & Sons Limited	Keelham Hall Farm, Thornton, Bradford, BD13 3SS England & Wales	Ordinary shares	100%	100%
Barkers Yorkshire Butchers Limited	First Floor, Embsay Mill, Skipton, BD23 6 QR England & Wales	Ordinary shares	100%	0%

14	Business combinations

On 28 July 2025, Robertshaw's Farm Shop Limited acquired 100% of the issued share capital of Barkers Yorkshire Butchers Limited, obtaining control.

Barkers Yorkshire Butchers Limited contributed £1,023,025 revenue and a loss of £5,415 to the group's profit for the period between the date of acquisition and the Balance Sheet date.

The amounts recognised in respect of the identifiable assets acquired and liabilities assumed are as set out in the table below:

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

	Book value 2026 £	Fair value 2026 £
Assets and liabilities acquired
Financial assets	215,603	215,603
Stocks	18,750	18,750
Tangible assets	87,570	87,570
Financial liabilities	(275,687)	(275,687)
Total identifiable assets	46,236	46,236
Goodwill	133,246	133,246
Total consideration	179,482	179,482

The useful life of goodwill is 10 years.

15

Stocks

	Group		Company
	2026 £	2025 £	2026 £	2025 £
Finished goods and goods for resale	765,185	440,518	727,095	440,518

Group & Company

The carrying amount of stocks pledged as security for liabilities amounted to £727,095 (2025 - £440,518).

16

Debtors

	Group		Company
Current	2026 £	2025 £	2026 £	2025 £
Trade debtors	109,017	5,597	2,314	5,597
Amounts owed by related parties	-	6,596	-	6,596
Other debtors	850	94,044	850	94,044
Prepayments	88,366	43,610	48,093	28,568
	198,233	149,847	51,257	134,805

17	Cash and cash equivalents

	Group		Company
	2026 £	2025 £	2026 £	2025 £
Cash on hand	23,291	11,709	23,317	11,709
Cash at bank	1,115,702	487,525	971,567	396,837
	1,138,993	499,234	994,884	408,546

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

18

Creditors

		Group		Company
	Note	2026 £	2025 £	2026 £	2025 £
Due within one year
Loans and borrowings	19	163,821	92,410	134,435	73,813
Trade creditors		2,364,658	1,776,645	2,175,541	1,759,112
Amounts due to related parties	26	-	-	98,923	69,109
Social security and other taxes		124,748	43,965	95,344	32,419
Outstanding defined contribution pension costs		15,515	8,275	15,498	8,275
Other creditors		170,027	45,234	170,027	45,234
Accruals		168,294	110,171	158,211	107,921
Corporation tax liability	10	108,363	-	89,788	-
		3,115,426	2,076,700	2,937,767	2,095,883
Due after one year
Loans and borrowings	19	2,324,535	2,256,792	2,305,590	2,224,295

19	Loans and borrowings

Current loans and borrowings

	Group		Company
	2026 £	2025 £	2026 £	2025 £

Bank borrowings	71,570	32,015	42,184	13,418
Hire purchase contracts	85,616	60,395	85,616	60,395
Other borrowings	6,635	-	6,635	-
	163,821	92,410	134,435	73,813

Non-current loans and borrowings

	Group		Company
	2026 £	2025 £	2026 £	2025 £

Bank borrowings	2,140,673	2,219,079	2,121,728	2,186,582
Hire purchase contracts	183,862	37,713	183,862	37,713
	2,324,535	2,256,792	2,305,590	2,224,295

Group

Bank borrowings

The carrying amount at year end is £2,179,746 (2025 - £2,200,000).

Bank borrowings are secured by way of a fixed and floating charge on all assets of the company.

Other borrowings

The carrying amount at year end is £269,478 (2025 - £98,108).

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Hire purchase contract liabilities are secured on the related assets.

Included in the loans and borrowings are the following amounts due after more than five years:

	2026 £	2025 £
After more than five years by instalments	1,919,277	1,935,761

Borrowings due after five years

Bank borrowings due in over 5 years by instalments have an interest rate of 2.18% above The Bank of England Base Rate.

Company

Bank borrowings

The carrying amount at year end is £2,163,912 (2025 - £2,200,000).

Bank borrowings are secured by way of a fixed and floating charge on all assets of the company.

Other borrowings

The carrying amount at year end is £269,478 (2025 - £98,108).

Hire purchase contract liabilities are secured on the related assets.

Included in the loans and borrowings are the following amounts due after more than five years:

	2026 £	2025 £
After more than five years by instalments	1,919,278	1,935,761


	-	-

Borrowings due after five years

Bank borrowings due in over 5 years by instalments have an interest rate of 2.18% above The Bank of England Base Rate.

20	Provisions for liabilities

Group

	Deferred tax £	Total £
At 1 February 2025	215,000	215,000
Increase (decrease) in existing provisions	73,265	73,265
Increase (decrease) through business combinations	18,740	18,740
At 31 January 2026	307,005	307,005

Company

	Deferred tax £	Total £
At 1 February 2025	209,000	209,000
Increase (decrease) in existing provisions	82,000	82,000
At 31 January 2026	291,000	291,000

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

21	Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £76,084 (2025 - £39,985).

Contributions totalling £15,515 (2025 - £8,275) were payable to the scheme at the end of the year and are included in creditors.

22	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Rights, preferences and restrictions

Ordinary have the following rights, preferences and restrictions:
All shares rank pari passu for income, capital and voting rights.

23

Reserves

Share capital

Represents the nominal value of the issued shares.

Profit and loss account

Includes all current and prior periods retained profits and losses.

24	Obligations under leases and hire purchase contracts

Group

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	138,832	91,696
Later than one year and not later than five years	275,798	218,742
	414,630	310,438

The amount of non-cancellable operating lease payments recognised as an expense during the year was £185,866 (2025 - £114,062).

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Company

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	122,332	91,696
Later than one year and not later than five years	260,673	218,742
	383,005	310,438

The amount of non-cancellable operating lease payments recognised as an expense during the year was £175,824 (2025 - £114,062).

25	Commitments

Group & Company

Other financial commitments

Guarantee for bank loan
The total amount of other financial commitments not provided in the financial statements was £55,000 (2025 - £55,000).

26	Related party transactions

Group

Income and receivables from related parties

2025	Key management £
Amounts receivable from related party	6,596

Expenditure with and payables to related parties

2026	Key management £	Other related parties £
Amounts payable to related party	6,635	37,950

2025	Other related parties £
Amounts payable to related party	37,950

27	Parent and ultimate parent undertaking

The ultimate controlling party is J A Robertshaw.

	Goodwill £	Total £
Cost or valuation
At 1 February 2025	280,000	280,000
Acquired through business combinations	133,246	133,246
At 31 January 2026	413,246	413,246
Amortisation
At 1 February 2025	280,000	280,000
Amortisation charge	6,662	6,662
At 31 January 2026	286,662	286,662
Carrying amount
At 31 January 2026	126,584	126,584
At 31 January 2025	-	-

	Land and buildings £	Furniture, fittings and equipment £	Office equipment £	Motor vehicles £	Total £
Cost or valuation
At 1 February 2025	3,950,054	69,650	1,454,602	230,261	5,704,567
Additions	213,460	20,751	262,201	81,000	577,412
Acquired through business combinations	7,155	43,856	156,234	94,929	302,174
Disposals	-	-	-	(55,828)	(55,828)
Transfers	(4,650)	-	4,650	-	-
At 31 January 2026	4,166,019	134,257	1,877,687	350,362	6,528,325
Depreciation
At 1 February 2025	124,714	44,295	651,516	167,439	987,964
Charge for the year	85,193	14,599	177,681	58,945	336,418
Eliminated on disposal	-	-	-	(55,305)	(55,305)
Acquired through business combinations	7,155	39,704	95,025	72,720	214,604
At 31 January 2026	217,062	98,598	924,222	243,799	1,483,681
Carrying amount
At 31 January 2026	3,948,957	35,659	953,465	106,563	5,044,644
At 31 January 2025	3,825,340	25,355	803,086	62,822	4,716,603