Ashley Game Farm Ltd - Filleted accounts

Registered number

11254434

Ashley Game Farm Ltd

Filleted Accounts

31 December 2025

Ashley Game Farm Ltd
Registered number:		11254434
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,665,013			1,637,514

Current assets
Stocks		139,500			113,630
Debtors	4	1,090,912			1,282,382
Cash at bank and in hand		939,568			530,540
		2,169,980			1,926,552

Creditors: amounts falling due within one year	5	(802,835)			(640,003)

Net current assets			1,367,145			1,286,549

Total assets less current liabilities			3,032,158			2,924,063

Creditors: amounts falling due after more than one year	6		(497,303)			(665,446)



Net assets			2,534,855			2,258,617

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			2,533,855			2,257,617

Shareholder's funds			2,534,855			2,258,617

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C L P Hodgson
Director
Approved by the board on 31 August 2026

Ashley Game Farm Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings and infrastructure			over 20 years
	Plant and machinery			10% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					14		17


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	552,093		1,761,364		481,207		2,794,664
	Additions	5,300		238,332		10,750		254,382
	Disposals	(5,272)		(41,289)		(2,000)		(48,561)
	At 31 December 2025	552,121		1,958,407		489,957		3,000,485

	Depreciation
	At 1 January 2025	178,784		726,676		251,690		1,157,150
	Charge for the year	27,601		104,076		59,450		191,127
	On disposals	-		(11,397)		(1,408)		(12,805)
	At 31 December 2025	206,385		819,355		309,732		1,335,472

	Net book value
	At 31 December 2025	345,736		1,139,052		180,225		1,665,013
	At 31 December 2024	373,309		1,034,688		229,517		1,637,514


4	Debtors					2025		2024
£							£

	Trade debtors					1,033,581		1,254,046
	Other debtors					57,331		28,336
						1,090,912		1,282,382


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					156,540		178,392
	Obligations under finance lease and hire purchase contracts					4,281		10,734
	Trade creditors					510,046		378,942
	Taxation and social security costs					131,968		71,935
						802,835		640,003


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					463,272		625,992
	Obligations under finance lease and hire purchase contracts					31,544		35,825
	Director's loan account					2,487		3,629
						497,303		665,446


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					619,812		804,384

	Security provided by director's personal guarantee and partial guarantee under the Coronavirus Business Interruption Loan Scheme.


8	Other information

	Ashley Game Farm Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Ashley House
	Wembworthy
	Chumleigh
	Devon
	EX18 7RH