Company No: 09964040 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	2,250,755		2,232,993
Investment property	4	12,664,200		11,812,538
		14,914,955		14,045,531
Current assets
Stocks		67,034		51,591
Debtors	5	120,092		76,149
Cash at bank and in hand		255,271		521,601
		442,397		649,341
Creditors: amounts falling due within one year	6	( 1,516,400)		( 2,329,268)
Net current liabilities		(1,074,003)		(1,679,927)
Total assets less current liabilities		13,840,952		12,365,604
Creditors: amounts falling due after more than one year	7	( 3,030,000)		( 3,030,000)
Net assets		10,810,952		9,335,604
Capital and reserves
Called-up share capital		9,708,070		8,744,290
Fair value reserve		1,239,361		431,395
Profit and loss account		( 136,479 )		159,919
Total shareholders' funds		10,810,952		9,335,604

For the financial year ending 31 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 financial year in accordance with section 476;
• The directors acknowledge 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 Enys Estate Company Limited (registered number: 09964040) were approved and authorised for issue by the Board of Directors on 03 August 2026. They were signed on its behalf by:

A W Fowler Director

Professor L C G Rogers 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

Enys Estate Company Limited (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 Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the income from investment properties and the estate house & grounds. This is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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. Tax is recognised in the profit and loss account, 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 February 2025	2,202,572		51,448		2,254,020
Additions	7,098		19,325		26,423
At 31 January 2026	2,209,670		70,773		2,280,443
Accumulated depreciation
At 01 February 2025	0		21,027		21,027
Charge for the financial year	0		8,661		8,661
At 31 January 2026	0		29,688		29,688
Net book value
At 31 January 2026	2,209,670		41,085		2,250,755
At 31 January 2025	2,202,572		30,421		2,232,993

4. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	11,812,538
Additions	43,696
Fair value movement	807,966
As at 31 January 2026	12,664,200

Valuation

The directors have reviewed the values of the investment properties in the accounts and are confident the value in the accounts represents fair value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	11,381,143		11,381,143

5. Debtors

	2026		2025
	£		£
Trade debtors	9,694		13,565
Corporation tax	0		19,828
Other debtors	110,398		42,756
	120,092		76,149

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	13,513		30,243
Other taxation and social security	3,166		( 532)
Other creditors	1,499,721		2,299,557
	1,516,400		2,329,268

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

	2026		2025
	£		£
Bank loans (secured)	400,000		400,000
Other creditors	2,630,000		2,630,000
	3,030,000		3,030,000

Bank borrowings are secured against the company's assets, including land and buildings and investment property.

8. Related party transactions

Other related party transactions

	2026		2025
	£		£
Enys Farms Partnership LLP loan	90,942		6,198