Company No: 15978239 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025
		£
Fixed assets
Tangible assets	3	3,558,753
Investment property	4	2,336,820
Investments	5	80
		5,895,653
Current assets
Stocks		115,307
Debtors	6	25,577
Cash at bank and in hand		14,433
		155,317
Creditors: amounts falling due within one year	7	( 74,012)
Net current assets		81,305
Total assets less current liabilities		5,976,958
Net assets		5,976,958
Capital and reserves
Called-up share capital	8	10,304
Undistributable reserve		5,974,717
Profit and loss account		( 8,063 )
Total shareholders' funds		5,976,958

For the financial period ending 31 December 2025 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 period 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 Cadeleigh Farmco Limited (registered number: 15978239) were approved and authorised for issue by the Board of Directors on 24 September 2026. They were signed on its behalf by:

Mr M Robinson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Cadeleigh Farmco 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 West Barton, Little Silver, Cadeleigh, Tiverton, EX16 8HJ, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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.

Reporting period length

The company was incorporated on 25 September 2024. Following incorporation, the reporting date was extended from 30 September to 31 December to align with other group companies. As a result, the current financial statements cover a period of 15 months. As this represents the first period of account, no comparative figures have been presented.

Turnover

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.

The company recognises revenue when the amount of revenue can be reliably measured.

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, over its expected useful life, as follows:

Land and buildings	10 - 50 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % 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.

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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 25.09.2024 to 31.12.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 25 September 2024	0		0		0		0
Additions	3,465,639		112,657		12,092		3,590,388
At 31 December 2025	3,465,639		112,657		12,092		3,590,388
Accumulated depreciation
At 25 September 2024	0		0		0		0
Charge for the financial period	17,031		13,092		1,512		31,635
At 31 December 2025	17,031		13,092		1,512		31,635
Net book value
At 31 December 2025	3,448,608		99,565		10,580		3,558,753

4. Investment property

	Investment property
	£
Valuation
As at 25 September 2024	0
Additions	2,336,820
As at 31 December 2025	2,336,820

Investment property is stated at fair value at the balance sheet date. The directors have assessed the fair value of the investment property as at 31 December 2025, having regard to the property's condition, location, comparable market evidence and other available information. No independent professional valuation was obtained during the year.

5. Fixed asset investments

Investments in subsidiaries

	31.12.2025
	£
Cost
At 25 September 2024	0
Additions	10,384
Disposals	( 10,304)
At 31 December 2025	80
Carrying value at 31 December 2025	80

6. Debtors

	31.12.2025
	£
Trade debtors	19,944
Prepayments	5,633
	25,577

7. Creditors: amounts falling due within one year

	31.12.2025
	£
Trade creditors	5,337
Amounts owed to associates	40,009
Accruals and deferred income	27,852
Other creditors	814
	74,012

8. Called-up share capital

	31.12.2025
	£
Allotted, called-up and fully-paid
10,304 Ordinary shares of £ 1.00 each	10,304

The company was incorporated on 25 September 2024 with the issue of 1 ordinary share of £1. On 1 April 2025, a further 10,303 ordinary shares of £1 each were issued. As at 31 December 2025, the total issued share capital comprised 10,304 ordinary shares of £1 each.

9. Related party transactions

Other related party transactions

	31.12.2025
	£
Amounts owed to associated companies	(40,009)

Loans from and to associated companies are interest free, unsecured and repayable on demand.

Management charges payable to associated companies during the period totalled £32,307.