Registration number: 07858814

Firsland Farm Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Firsland Farm Limited

(Registration number: 07858814)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	28,414	34,405
Investment property		770,519	747,727
Investments	5	624,363	624,363
		1,423,296	1,406,495
Current assets
Debtors		830,094	852,768
Cash at bank and in hand		77,359	11,186
		907,453	863,954
Creditors: Amounts falling due within one year		(310,640)	(340,864)
Net current assets		596,813	523,090
Total assets less current liabilities		2,020,109	1,929,585
Creditors: Amounts falling due after more than one year		(470,482)	(522,982)
Provisions for liabilities		(11,586)	(8,602)
Net assets		1,538,041	1,398,001
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,538,039	1,397,999
Total equity		1,538,041	1,398,001

Firsland Farm Limited

(Registration number: 07858814)
Abridged Balance Sheet as at 31 March 2026

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.

	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 August 2026 and signed on its behalf by:
 

Mr J C C Underwood

Director

Mrs A R Underwood

Director

Firsland Farm Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

The principal place of business is:
Firsland Farmhouse
Henfield Road
Woodmancote
Hassocks
West Sussex
BN6 9JJ

These financial statements were authorised for issue by the Board on 31 August 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were 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.

Basis of preparation

These abridged 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.

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred 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 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 is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. 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 assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Firsland Farm Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Office equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Firsland Farm Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Total £
Cost or valuation
At 1 April 2025	125,067
At 31 March 2026	125,067
Depreciation
At 1 April 2025	90,662
Charge for the year	8,601
At 31 March 2026	99,263
Carrying amount
At 31 March 2026	25,804
At 31 March 2025	34,405

Investment properties

	2026 £
At 1 April	747,727
Additions	22,792
At 31 March	770,519

There has been no valuation of investment property by an independent valuer.

5	Investments

	Total £
Cost or valuation
At 1 April 2025	624,363
Provision
Carrying amount
At 31 March 2026	624,363
At 31 March 2025	624,363