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Company No: 09411497 (England and Wales)

# LANGARTH FARM LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

LANGARTH FARM LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

LANGARTH FARM LIMITED

## BALANCE SHEET

As at 31 March 2026
LANGARTH FARM LIMITED

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 139,902 |  | 211,756
|  | 139,902 |  | 211,756
Current assets |  |  |  |
Stocks | 4 | 4,000 |  | 1,855
Debtors | 5 | 6,250 |  | 951
Cash at bank and in hand |  | 3,407 |  | 2,977
|  | 13,657 |  | 5,783
Creditors: amounts falling due within one year | 6 | ( 765,306) |  | ( 806,983)
Net current liabilities |  | (751,649) |  | (801,200)
Total assets less current liabilities |  | (611,747) |  | (589,444)
Net liabilities |  | ( 611,747) |  | ( 589,444)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 3 |  | 3
Profit and loss account |  | ( 611,750 ) |  | ( 589,447 )
Total shareholders' deficit |  | ( 611,747) |  | ( 589,444)

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

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Langarth Farm Limited (registered number: 09411497) were approved and authorised for issue by the Board of Directors on 12 August 2026. They were signed on its behalf by:

A H J Stephens Director |  | C L Stephens Director

LANGARTH FARM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
LANGARTH FARM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Langarth Farm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Hebron, Threemilestone, Truro, TR3 6FZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements | not depreciated
Plant and machinery | 10 % reducing balance
Vehicles | 25 % reducing balance
Office equipment | 3 years straight line
Other property, plant and equipment | 25 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 1 |  | 1

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 April 2025 | 34,055 |  | 418,845 |  | 25,349 |  | 3,570 |  | 13,700 |  | 495,519
Disposals | 0 |  | ( 122,594) |  | ( 25,349) |  | ( 3,570) |  | ( 13,700) |  | ( 165,213)
At 31 March 2026 | 34,055 |  | 296,251 |  | 0 |  | 0 |  | 0 |  | 330,306
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 April 2025 | 0 |  | 250,973 |  | 24,001 |  | 3,218 |  | 5,571 |  | 283,763
Charge for the financial year | 0 |  | 16,503 |  | 112 |  | 184 |  | 548 |  | 17,347
Disposals | 0 |  | ( 77,072) |  | ( 24,113) |  | ( 3,402) |  | ( 6,119) |  | ( 110,706)
At 31 March 2026 | 0 |  | 190,404 |  | 0 |  | 0 |  | 0 |  | 190,404
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2026 | 34,055 |  | 105,847 |  | 0 |  | 0 |  | 0 |  | 139,902
At 31 March 2025 | 34,055 |  | 167,872 |  | 1,348 |  | 352 |  | 8,129 |  | 211,756

#### 4. Stocks

| 2026 |  | 2025
| £ |  | £
Stocks | 4,000 |  | 1,855

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Other debtors | 6,250 |  | 951

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 0 |  | 1,538
Other taxation and social security | 11,811 |  | 0
Other creditors | 753,495 |  | 805,445
| 765,306 |  | 806,983

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
3 Ordinary shares of £ 1.00 each | 3 |  | 3