Jelly Farming Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 10

Jelly Farming Limited

Balance Sheet

31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,998,577	15,114,868
Investment property	5	4,187,500	4,187,500
Investments	6	1	1
		20,186,078	19,302,369
Current assets
Stocks	7	41,864	206,090
Debtors	8	128,951	184,347
Biological assets	6	281,366	42,148
Cash at bank and in hand		1,073,035	326,444
		1,525,216	759,029
Creditors: Amounts falling due within one year	9	(2,167,548)	(338,503)
Net current (liabilities)/assets		(642,332)	420,526
Total assets less current liabilities		19,543,746	19,722,895
Provisions for liabilities		(250,583)	(149,197)
Net assets		19,293,163	19,573,698
Capital and reserves
Called up share capital	10	20,291,001	20,291,001
Revaluation reserve		(486,584)	(481,609)
Profit and loss account		(511,254)	(235,694)
Shareholders' funds		19,293,163	19,573,698

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 September 2026
 

......................................... Mr T Gatacre Director

Company Registration Number: 13534353

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

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:
Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF

These financial statements were authorised for issue by the director on 22 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

For property rental income turnover is recognised for tenancy periods during the year. For farming sales, turnover is recognised once livestock or crops are delivered.

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 corporation 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.

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. 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 balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Buildings	2% straight line
Plant and machinery	25% reducing balance
Computer equipment	33% reducing balance
Motor vehicles	25% reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined on a first-in, first-out basis and includes expenditure incurred in bringing stocks to their present condition and location, including crop input costs, fertiliser and other directly attributable costs where appropriate.

At each reporting date, stocks are reviewed for impairment and written down where necessary to their estimated selling price less costs to complete and sell. Any resulting loss is recognised in profit or loss.

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Biological assets

Biological assets comprise livestock and growing crops. Biological assets are recognised when the entity controls the asset and it is probable that future economic benefits associated with the asset will flow to the entity. Livestock and growing crops are considered separate classes of biological assets and are measured using the accounting policies set out below.

Livestock is measured at fair value less costs to sell at each reporting date, with changes in fair value recognised in profit or loss in the period in which they arise.

Growing crops are measured at cost, comprising expenditure incurred in cultivating and maintaining the crop up to the reporting date. Costs include seed, fertiliser, and directly attributable cultivation costs.

Agricultural produce harvested from the entity's biological assets is transferred to inventories at its carrying value at the point of harvest and is subsequently accounted for in accordance with the entity's inventory accounting policy. Agricultural produce comprises the harvested product of the entity's biological assets.
 

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

5	Investment properties

	2025 £
At 1 January	4,187,500
Additions	4,975
Fair value adjustments	(4,975)
At 31 December	4,187,500

The investment properties are stated at their market value. The market values have been advised by Savills, a professional property advisor. No formal valuation has been undertaken during the year; however, the directors have considered the current market conditions and do not believe there has been a significant change in the valuation of the investment properties compared to the market values originally advised by Savills at the balance sheet date. The historical cost of investment property at the balance sheet date was £4,674,084 (2024: £4,669,109)

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Other non-current financial assets	1	1
At 31 December 2025	1	1
Impairment
Carrying amount
At 31 December 2025	1	1

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

	Biological assets £	Total £
Biological assets
Cost or valuation
At 1 January 2025	42,148	42,148
Additions	281,366	281,366
Transfers	(42,148)	(42,148)
At 31 December 2025	281,366	281,366
Carrying amount
At 31 December 2025	281,366	281,366

7

Stocks

	2025 £	2024 £
Other inventories	41,864	206,090

8

Debtors

	2025 £	2024 £
Trade debtors	990	1,051
Prepayments	19,013	85,687
Other debtors	108,948	97,609
	128,951	184,347

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		97,339	61,402
Amounts owed to group undertakings and undertakings in which the company has a participating interest	12	2,021,019	202,380
Taxation and social security		3,019	3,811
Accruals and deferred income		44,957	70,399
Other creditors		1,214	511
		2,167,548	338,503

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share capital of £1 each	20,291,001	20,291,001	20,291,001	20,291,001

11

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	(4,975)	(4,975)

Jelly Farming Limited

Notes to the Financial Statements

Year Ended 31 December 2025

12	Related party transactions

Included within creditors is £2,021,019 (2024: £202,380) owed to Jelly Holdings Limited, the parent company.
This loan is interest free and does not have a set repayment date.

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Mr T Gatacre
Director's loan account	6,444	34,913	(42,314)	(957)

The balance was repaid post year end within 9 months of the balance date.

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mr T Gatacre
Director's loan account	-	29,876	(23,432)	6,444

Relationship between entity and parents
 

The parent of the smallest group in which these financial statements are consolidated is Jelly Holdings Limited, incorporated in Jersey.

The registered office of the parent company is Ordnance House, 31 Pier Road, St Helier, Jersey,HE4 8PW.

13	Non adjusting events after the financial period

Subsequent to the year end, the company converted a loan of £1,000,000 into ordinary share capital. This event does not affect the figures in these financial statements.

14	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was David Sedgwick, who signed for and on behalf of Saffery LLP on 22 September 2026.