Company No: 05895171 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	35,546,436		35,705,940
Biological assets	4	60,335		69,117
Investment property	5	13,370,261		13,370,261
		48,977,032		49,145,318
Current assets
Stocks	6	938,778		818,991
Debtors	7	523,297		522,670
Cash at bank and in hand		617,043		486,012
		2,079,118		1,827,673
Creditors: amounts falling due within one year	8	( 49,214,927)		( 49,316,121)
Net current liabilities		(47,135,809)		(47,488,448)
Total assets less current liabilities		1,841,223		1,656,870
Creditors: amounts falling due after more than one year	9	( 53,116)		( 30,000)
Provision for liabilities	10	( 206,622)		( 225,128)
Net assets		1,581,485		1,401,742
Capital and reserves
Called-up share capital		50,000		50,000
Profit and loss account		1,531,485		1,351,742
Total shareholder's funds		1,581,485		1,401,742

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 member has 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Clarendon Park Farms Limited (registered number: 05895171) were approved and authorised for issue by the Board of Directors on 12 October 2026. They were signed on its behalf by:

M N Jonas 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

Clarendon Park Farms Limited 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 The Estate Office, Clarendon Park, Salisbury, Wiltshire, SP5 3EW, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ and the requirements of the Companies Act 2006.

The functional currency of Clarendon Park Farms Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover represents amounts receivable from farming produce sold during the year. Turnover also includes rental income receivable relating to the year from rental properties. Rental income is recognised in accordance with the relevant rental agreements. Turnover also includes transfers into the beef herd at the cost of rearing, Basic Payment receipts which are recognised on a calendar year basis and other government grants receivable relating to the year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
The current tax charge is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income and expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.

Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which temporary differences can be utilised.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to the profit and loss account.

Tangible fixed assets

Tangible fixed assets are stated at cost, 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 or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
	20 - 50 years straight line
	4 % reducing balance
Plant and machinery	15 - 25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	15 - 25 % reducing balance
Other property, plant and equipment	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.

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 the statement of income and retained earnings.

Biological assets

The beef herd has been accounted for as a biological asset and has therefore been stated at cost less accumulated depreciation.

Depreciation is charged so as to allocate the cost of the net assets less their residual value (cull value) over their estimated useful lives, being 12 years.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

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 the statement of income and retained earnings. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Stocks

Stock is valued at the lower of cost and net realisable value. Crops held in stock at the year end are valued at fair value less costs to sell; purchased stocks are included at cost and tillages and growing crops are valued at the costs incurred in bringing the crops to their present state at the year end date.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of income and retained earnings over the expected useful lives of the assets concerned. Other grants are credited to the statement of income and retained earnings as the related expenditure is incurred.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		13

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 February 2025	35,507,173		987,203		250,145		57,830		21,566		1,300,723		38,124,640
Additions	24,538		24,705		18,395		5,934		4,029		132,003		209,604
Disposals	0		0		0		0		0		( 45,065)		( 45,065)
At 31 January 2026	35,531,711		1,011,908		268,540		63,764		25,595		1,387,661		38,289,179
Accumulated depreciation
At 01 February 2025	927,652		547,478		186,423		38,799		15,494		702,854		2,418,700
Charge for the financial year	98,284		94,794		18,139		5,279		1,786		150,384		368,666
Disposals	0		0		0		0		0		( 44,623)		( 44,623)
At 31 January 2026	1,025,936		642,272		204,562		44,078		17,280		808,615		2,742,743
Net book value
At 31 January 2026	34,505,775		369,636		63,978		19,686		8,315		579,046		35,546,436
At 31 January 2025	34,579,521		439,725		63,722		19,031		6,072		597,869		35,705,940

4. Biological assets

	2026
	£
Biological assets at cost	60,335

Assets held at cost:

	Beef		Total
	£		£
Cost
At 01 February 2025	70,843		70,843
Increase due to purchases/ transfers in	11,000		11,000
Decrease attributable to sales/ transfers out	( 21,428)		( 21,428)
At 31 January 2026	60,415		60,415
Accumulated depreciation
At 01 February 2025	1,726		1,726
Charge for the financial year	618		618
Decrease attributable to sales/ transfers out	( 2,263)		( 2,263)
At 31 January 2026	80		80
Net book value
At 31 January 2026	60,335		60,335
At 31 January 2025	69,117		69,117

5. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	13,370,261
As at 31 January 2026	13,370,261

6. Stocks

	2026		2025
	£		£
Stocks	549,414		420,220
Work in progress	223,421		226,933
Livestock	63,350		44,167
Other stock	102,593		127,671
	938,778		818,991

7. Debtors

	2026		2025
	£		£
Trade debtors	375,016		130,041
Prepayments	66,820		285,399
VAT recoverable	52,461		78,230
Other debtors	29,000		29,000
	523,297		522,670

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	67,564		50,909
Amounts owed to Parent undertakings	48,995,991		48,995,991
Corporation tax	76,556		117,256
Other taxation and social security	6,657		3,908
Obligations under finance leases and hire purchase contracts	19,543		100,261
Other creditors	48,616		47,796
	49,214,927		49,316,121

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

	2026		2025
	£		£
Obligations under finance leases and hire purchase contracts	30,616		0
Other creditors	22,500		30,000
	53,116		30,000

10. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 225,128)		( 284,803)
Credited to the Statement of Income and Retained Earnings	18,506		59,675
At the end of financial year	( 206,622)		( 225,128)

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Accelerated capital allowances	( 351,633)		( 370,139)
Tax losses carry forward	63,661		63,661
Other timing differences	( 212)		( 212)
Capital losses	81,562		81,562
	( 206,622)		( 225,128)

11. Related party transactions

Included within other creditors is £9,078 (2025: £8,839) due to M N Jonas.

12. Ultimate controlling party

The company is a 100% owned subsidiary of Clarendon Park Estate Limited, a company incorporated in England and Wales.

The ultimate controlling party is M N Jonas.