Company Registration No. 01404321 (England and Wales)
Chilton Farms Limited
Unaudited financial statements
for the year ended 31 March 2026
Pages for filing with the registrar
Chilton Farms Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
Chilton Farms Limited
Statement of financial position
As at 31 March 2026
1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,601,488
2,556,879
Investments
4
50
50
Investment properties
5
2,870,380
2,691,640
5,471,918
5,248,569
Current assets
Biological assets
6
216,316
184,441
Stocks
55,175
81,653
Debtors
7
59,165
178,432
Cash at bank and in hand
91,576
27,449
422,232
471,975
Creditors: amounts falling due within one year
8
(430,157)
(239,382)
Net current (liabilities)/assets
(7,925)
232,593
Total assets less current liabilities
5,463,993
5,481,162
Provisions for liabilities
9
(338,890)
(337,179)
Net assets
5,125,103
5,143,983
Capital and reserves
Called up share capital
42,491
42,491
Share premium account
1,903,533
1,903,533
Revaluation reserve
10
1,390,828
1,262,915
Profit and loss reserves
1,788,251
1,935,044
Total equity
5,125,103
5,143,983

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her 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.

Chilton Farms Limited
Statement of financial position (continued)
As at 31 March 2026
2
The financial statements were approved and signed by the director and authorised for issue on 12 August 2026
Sarah Scrope
Director
Company Registration No. 01404321
Chilton Farms Limited
Notes to the financial statements
For the year ended 31 March 2026
3
1
Accounting policies
Company information

Chilton Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chilton Estate Office, Leverton, Hungerford, Berkshire, RG17 0TA.

1.1
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 £1.

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.

1.2
Turnover

Turnover represents amounts receivable for the sale of harvested crops, fishing income, forestry and water sales net of VA T and government grants. Revenue is recognised when all performance obligations have been satisfied and control of goods and services have been transferred to the buyer.

1.3
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 property and land
2% straight line / nil
Property improvements
5% reducing balance
Plant and machinery
15% - 20% reducing balance
Computer equipment
50% straight line
Motor vehicles
15% 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.

1.4
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. Fair value is determined by reference to rental yields. The surplus or deficit on revaluation is recognised in the income statement.

1.5
Fixed asset investments

Interests in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Dividends on equity shares are recognised in income where receivable.

Chilton Farms Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
4
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.7
Biological assets
Biological assets held by the company relate to growing crops.
Growing crops are measured at cost.
All biological assets are included in current assets.
1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Chilton Farms Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
5
Basic financial liabilities

Basic financial liabilities, including creditors, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.13
Employee benefits

The company provides a range of benefits to employees, including paid holiday arrangements and defined contribution pension schemes.

Chilton Farms Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
6
1.14
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.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

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

2026
2025
Number
Number
Total
9
9
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
2,767,731
437,245
3,204,976
Additions
5,200
97,719
102,919
At 31 March 2026
2,772,931
534,964
3,307,895
Depreciation and impairment
At 1 April 2025
363,658
284,439
648,097
Depreciation charged in the year
18,829
39,481
58,310
At 31 March 2026
382,487
323,920
706,407
Carrying amount
At 31 March 2026
2,390,444
211,044
2,601,488
At 31 March 2025
2,404,073
152,806
2,556,879
Chilton Farms Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
7
4
Fixed asset investments
2026
2025
£
£
Other investments other than loans
50
50
5
Investment properties
2026
£
Fair value
At 1 April 2025
2,691,640
Revaluations
178,740
At 31 March 2026
2,870,380

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 March 2026 by the director of the company. The valuation was determined by reference to rental yields.

On a historical cost basis these would have been included at an original cost of £1,162,440 (2025: £1,162,440).

6
Biological assets
Growing crops
£
Fair value
At 1 April 2025
184,441
Additions - planting
320,778
Disposals- harvest
(288,903)
At 31 March 2026
216,316
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
3,964
19,943
Other debtors
55,201
158,489
59,165
178,432
Chilton Farms Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
8
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
211,143
18,191
Trade creditors
73,013
50,950
Other creditors
146,001
170,241
430,157
239,382
9
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
338,890
337,179
10
Revaluation reserve

The revaluation reserve includes all fair value gains and losses recognised on investment properties, net of deferred tax.

11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The director provided net credits amounting to £87,946 (2025: £72,092) and the company made advances amounting to £7,277 (2025: £4,382) during the year. The unsecured balance due to the director at the year end was £2,505 (2025: £78,164 due from the director). The balance is shown within creditors due within one year.

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