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Company No: 03427509 (England and Wales)

# FARMER PALMER'S FARM PARK LIMITED

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

FARMER PALMER'S FARM PARK LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

FARMER PALMER'S FARM PARK LIMITED

## BALANCE SHEET

As at 31 January 2026
FARMER PALMER'S FARM PARK LIMITED

## BALANCE SHEET (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 694,775 |  | 760,481
Investments | 5 | 78,380 |  | 78,380
|  | 773,155 |  | 838,861
Current assets |  |  |  |
Stocks | 6 | 48,766 |  | 45,948
Debtors | 7 | 13,405 |  | 21,957
Cash at bank and in hand |  | 111,961 |  | 171,284
|  | 174,132 |  | 239,189
Creditors: amounts falling due within one year | 8 | ( 442,607) |  | ( 409,176)
Net current liabilities |  | (268,475) |  | (169,987)
Total assets less current liabilities |  | 504,680 |  | 668,874
Creditors: amounts falling due after more than one year | 9 | ( 49,720) |  | ( 118,167)
Net assets |  | 454,960 |  | 550,707
Capital and reserves |  |  |  |
Called-up share capital | 10 | 127 |  | 127
Profit and loss account |  | 454,833 |  | 550,580
Total shareholders' funds |  | 454,960 |  | 550,707

For the financial year ending 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Farmer Palmer's Farm Park Limited (registered number: 03427509) were approved and authorised for issue by the Board of Directors on 21 July 2026. They were signed on its behalf by:

S E Palmer-Snellin Director |

FARMER PALMER'S FARM PARK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
FARMER PALMER'S FARM PARK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 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

Farmer Palmer's Farm Park 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 Stable House, Organford, Poole, BH16 6EU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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

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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### 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 reducing balance basis over its expected useful life, as follows:

Land and buildings | 10 % reducing balance
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Computer equipment | 25 % reducing balance

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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### 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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 51 |  | 49

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 February 2025 | 2,757 |  | 2,757
At 31 January 2026 | 2,757 |  | 2,757
Accumulated amortisation |  |  |
At 01 February 2025 | 2,757 |  | 2,757
At 31 January 2026 | 2,757 |  | 2,757
Net book value |  |  |
At 31 January 2026 | 0 |  | 0
At 31 January 2025 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 February 2025 | 605,095 |  | 1,204,490 |  | 236,298 |  | 117,920 |  | 87,894 |  | 2,251,697
Additions | 0 |  | 51,856 |  | 0 |  | 0 |  | 3,927 |  | 55,783
At 31 January 2026 | 605,095 |  | 1,256,346 |  | 236,298 |  | 117,920 |  | 91,821 |  | 2,307,480
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 February 2025 | 225,777 |  | 1,012,079 |  | 130,303 |  | 43,899 |  | 79,158 |  | 1,491,216
Charge for the financial year | 18,753 |  | 54,919 |  | 26,499 |  | 18,505 |  | 2,813 |  | 121,489
At 31 January 2026 | 244,530 |  | 1,066,998 |  | 156,802 |  | 62,404 |  | 81,971 |  | 1,612,705
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 January 2026 | 360,565 |  | 189,348 |  | 79,496 |  | 55,516 |  | 9,850 |  | 694,775
At 31 January 2025 | 379,318 |  | 192,411 |  | 105,995 |  | 74,021 |  | 8,736 |  | 760,481

#### 5. Fixed asset investments

Investments in subsidiaries

| 2026
| £
Cost |
At 01 February 2025 | 78,380
At 31 January 2026 | 78,380
Carrying value at 31 January 2026 | 78,380
Carrying value at 31 January 2025 | 78,380

#### 6. Stocks

| 2026 |  | 2025
| £ |  | £
Stocks | 48,766 |  | 45,948

#### 7. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 13,405 |  | 21,957

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

| 2026 |  | 2025
| £ |  | £
Bank loans (secured £ 37,500) | 65,500 |  | 83,000
Trade creditors | 52,006 |  | 53,170
Amounts owed to own subsidiaries | 335 |  | 335
Taxation and social security | 102,074 |  | 104,025
Obligations under finance leases and hire purchase contracts | 0 |  | 19,282
Other creditors | 222,692 |  | 149,364
| 442,607 |  | 409,176

#### 9. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 49,720 |  | 118,167

The bank loans are secured on the freehold property of the company with a carrying value of £191,787 (2025: £191,787). Hire purchase contracts are secured on the assets to which they relate.

#### 10. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
125 Ordinary A shares of £ 1.00 each | 125 |  | 125
2 Ordinary B shares of £ 1.00 each | 2 |  | 2
| 127 |  | 127