Pennard Hill Farm Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01211729

Pennard Hill Farm Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2026

Pennard Hill Farm Limited

Financial Statements

Year ended 31st January 2026

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Pennard Hill Farm Limited

Officers and Professional Advisers

The board of directors	D Chambers
	P C Godber-Ford
	Mr T W J Godber-Ford Moore

Company secretary	Philippa Godber-Ford

Registered office	20 Chamberlain Street
	Wells
	Somerset
	BA5 2PF

Accountants	Chalmers HB Ltd
	Chartered Accountants
	20 Chamberlain Street
	Wells
	Somerset BA5 2PF

Pennard Hill Farm Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		2,343,738	2,494,827

Current assets

Stocks		31,395	1,000
Debtors	7	1,215,764	737,656
Investments	8	65	300,065
Cash at bank and in hand		328,010	286,742
		------------	------------
		1,575,234	1,325,463

Creditors: amounts falling due within one year	9	1,249,912		1,239,991
		------------		------------
Net current assets			325,322	85,472
			------------	------------
Total assets less current liabilities			2,669,060	2,580,299

Provisions

Taxation including deferred tax	86,354	–
	------------	------------
Net assets	2,582,706	2,580,299
	------------	------------

Capital and reserves

Called up share capital	2,580,234	2,580,234
Profit and loss account	2,472	65
	------------	------------
Shareholders funds	2,582,706	2,580,299
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pennard Hill Farm Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 3 September 2026 , and are signed on behalf of the board by:

D Chambers	P C Godber-Ford
Director	Director

Company registration number: 01211729

Pennard Hill Farm Limited

Notes to the Financial Statements

Year ended 31st January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Chamberlain Street, Wells, Somerset, BA5 2PF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% on a straight line basis

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold land & buildings	-	Land - No depreciation, Buildings - 0% to 33% on a straight line basis
Plant and machinery	-	15% or 25% on a reducing balance basis
Motor vehicles	-	25% on a reducing balance basis
Website	-	`20% on a straight line basis`

No depreciation has been charged on the farmhouse and farmhouse buildings on the grounds that it would be immaterial. The directors are of the opinion that the estimated residual value of these buildings are not materially different from the carrying amounts.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

- Financial assets Basic financial assets, including trade and other receivables, cash and bank balances and current asset investments are initially recognised at transaction price, less any impairment.

- Financial liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st February 2025 and 31st January 2026	300,000
	---------
Amortisation
At 1st February 2025 and 31st January 2026	300,000
	---------
Carrying amount
At 31st January 2026	–
	---------
At 31st January 2025	–
	---------

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Website	Total
	£	£	£	£	£
Cost or valuation
At 1st February 2025	2,369,198	589,639	31,248	10,000	3,000,085
Additions	–	89,051	13,495	–	102,546
Revaluations	( 175,239)	–	–	–	( 175,239)
	------------	---------	--------	--------	------------
At 31st January 2026	2,193,959	678,690	44,743	10,000	2,927,392
	------------	---------	--------	--------	------------
Depreciation
At 1st February 2025	28,794	439,034	27,430	10,000	505,258
Charge for the year	6,133	57,814	14,449	–	78,396
	------------	---------	--------	--------	------------
At 31st January 2026	34,927	496,848	41,879	10,000	583,654
	------------	---------	--------	--------	------------
Carrying amount
At 31st January 2026	2,159,032	181,842	2,864	–	2,343,738
	------------	---------	--------	--------	------------
At 31st January 2025	2,340,404	150,605	3,818	–	2,494,827
	------------	---------	--------	--------	------------

7. Debtors

	2026	2025
	£	£
Trade debtors	32,276	40,359
Other debtors	1,183,488	697,297
	------------	---------
	1,215,764	737,656
	------------	---------

8. Investments

	2026	2025
	£	£
Other investments	65	65
Short-term deposits	–	300,000
	----	---------
	65	300,065
	----	---------

Investments represent unlisted investments in two farmers co-operative buying groups.

Investments in short term deposits have an original maturity of 3 months or less. At the balance sheet date the average maturity of the deposits was 2 months. The average interest rate was 2.7%.

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	44,517	76,038
Amounts owed to group undertakings and undertakings in which the company has a participating interest	496,000	190,000
Corporation tax	241,639	164,008
Social security and other taxes	36,066	97,005
Other creditors	431,690	712,940
	------------	------------
	1,249,912	1,239,991
	------------	------------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions	86,354	–
	--------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	86,354	–
	--------	----

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
P C Godber-Ford	485,949	375,816	861,765
	---------	---------	---------

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
P C Godber-Ford	( 296,374)	782,323	485,949
	---------	---------	---------

12. Related party transactions

The company is controlled by Mr D Chambers . PHFHL is owned by Mr Chambers, close family members and some trusts for which Mr Chambers and his close family are beneficiaries.

13. Controlling party

The ultimate parent company is Pennard Hill Farm Holdings Ltd, a company registered in England and Wales.