Company No: 05559089 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	4,744,338		4,674,679
		4,744,338		4,674,679
Current assets
Stocks	5	115,605		138,759
Debtors	6	139,983		168,396
Cash at bank and in hand		129		23
		255,717		307,178
Creditors: amounts falling due within one year	7	( 655,619)		( 726,814)
Net current liabilities		(399,902)		(419,636)
Total assets less current liabilities		4,344,436		4,255,043
Creditors: amounts falling due after more than one year	8	( 1,756,232)		( 1,762,672)
Provision for liabilities		( 544,771)		( 551,358)
Net assets		2,043,433		1,941,013
Capital and reserves
Called-up share capital		100		100
Profit and loss account		2,043,333		1,940,913
Total shareholders' funds		2,043,433		1,941,013

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Foxcombe Farm (Somerset) Limited (registered number: 05559089) were approved and authorised for issue by the Director on 27 August 2026. They were signed on its behalf by:

Mr J M Angell Director

1. Accounting policies

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.

General information and basis of accounting

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current 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 company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed 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.

Land and buildings	50 years straight line
Biological assets	10 years straight line
Plant and machinery	12.5 % reducing balance
Vehicles	20 % reducing balance

Leases

The Company as lessee
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.

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 stocks 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.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	4		4

3. Intangible assets

	Entitlements		Total
	£		£
Cost
At 01 December 2024	47,924		47,924
Disposals	( 47,924)		( 47,924)
At 30 November 2025	0		0
Accumulated amortisation
At 01 December 2024	47,924		47,924
Disposals	( 47,924)		( 47,924)
At 30 November 2025	0		0
Net book value
At 30 November 2025	0		0
At 30 November 2024	0		0

4. Tangible assets

	Land and buildings		Biological assets		Plant and machinery		Vehicles		Total
	£		£		£		£		£
Cost
At 01 December 2024	3,412,016		648,547		840,772		423,800		5,325,135
Additions	0		218,965		102,523		0		321,488
Disposals	0		( 95,332)		( 17,900)		0		( 113,232)
At 30 November 2025	3,412,016		772,180		925,395		423,800		5,533,391
Accumulated depreciation
At 01 December 2024	1,574		69,016		480,828		99,038		650,456
Charge for the financial year	397		41,258		49,704		64,952		156,311
Disposals	0		( 14,100)		( 3,614)		0		( 17,714)
At 30 November 2025	1,971		96,174		526,918		163,990		789,053
Net book value
At 30 November 2025	3,410,045		676,006		398,477		259,810		4,744,338
At 30 November 2024	3,410,442		579,531		359,944		324,762		4,674,679

5. Stocks

	2025		2024
	£		£
Stocks	115,605		138,759

6. Debtors

	2025		2024
	£		£
Trade debtors	104,003		136,416
Prepayments	24,899		15,960
VAT recoverable	11,081		16,020
	139,983		168,396

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	97,962		226,387
Trade creditors	233,166		248,916
Corporation tax	42,557		29,752
Obligations under finance leases and hire purchase contracts	53,651		69,756
Other creditors	228,283		152,003
	655,619		726,814

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,685,381		1,646,145
Obligations under finance leases and hire purchase contracts	67,851		113,027
Other creditors	3,000		3,500
	1,756,232		1,762,672

The carrying amount of bank loans at year end is £1,705,347 (2024 - £1,734,623).
The bank loans and borrowings are secured by way of fixed and floating charge against all assets of the company.

The carrying amount of Hire purchase contracts at year end is £121,502 (2024 - £182,782).
The amounts held under hire purchase contracts are secured against the assets to which they relate.