Company No: 14638823 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	524,933		104,424
		524,933		104,424
Current assets
Stocks		75,211		36,428
Debtors	4	36,689		82,010
Cash at bank and in hand		4,749		189
		116,649		118,627
Creditors: amounts falling due within one year	5	( 291,309)		( 182,872)
Net current liabilities		(174,660)		(64,245)
Total assets less current liabilities		350,273		40,179
Creditors: amounts falling due after more than one year	6	( 337,484)		( 39,422)
Provision for liabilities		( 2,860)		( 189)
Net assets		9,929		568
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		9,928		567
Total shareholder's funds		9,929		568

For the financial year ending 31 December 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 member has 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 Profit and Loss Account has not been delivered.

The financial statements of Kendall Farming Ltd (registered number: 14638823) were approved and authorised for issue by the Director on 14 September 2026. They were signed on its behalf by:

Mr K Kendall Director

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

Kendall Farming Ltd (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 West Nancemeer Farm, St Newlyn East, Newquay, TR8 5JB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

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.

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 [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	20 % 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 Profit and Loss Account 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 January 2025	90,117		28,000		118,117
Additions	505,883		0		505,883
At 31 December 2025	596,000		28,000		624,000
Accumulated depreciation
At 01 January 2025	13,226		467		13,693
Charge for the financial year	79,868		5,506		85,374
At 31 December 2025	93,094		5,973		99,067
Net book value
At 31 December 2025	502,906		22,027		524,933
At 31 December 2024	76,891		27,533		104,424
Leased assets included above:
Net book value
At 31 December 2025	310,118		22,027		332,144
At 31 December 2024	36,250		27,533		63,783

4. Debtors

	2025		2024
	£		£
Trade debtors	4,459		711
Amounts owed by director	15,927		46,828
VAT recoverable	70		2,626
Other debtors	16,233		31,845
	36,689		82,010

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	3,571		0
Trade creditors	79,332		87,068
Taxation and social security	18,507		15,804
Obligations under finance leases and hire purchase contracts	88,438		13,757
Other creditors	101,461		66,243
	291,309		182,872

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

	2025		2024
	£		£
Bank loans	20,536		0
Obligations under finance leases and hire purchase contracts	274,250		39,422
Other creditors	42,698		0
	337,484		39,422

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

8. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	43,006		74,296
Other	458,200		493,000
	501,206		567,296

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Mr K Kendall	15,927		46,827

During the year the company advanced the director £88,585 and £119,485 was repaid. Interest was charged at 3.75% on the loan.

Other related party transactions

	2025		2024
	£		£
Kendall Crop Spraying Limited	(27,848)		16,041

The directors and shareholders are the same in Kendall Farming Limited and Kendall Crop Spraying Limited.

During the year Kendall Crop Spraying Limited advanced the Company £48,214 and £4,325 was repaid. No interest is being charged on the loan.