REGISTERED NUMBER: 11810511 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2026

FOR

BAYLIS FARMING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

Mrs J Baylis

I R Baylis

SECRETARY:

Mrs J Baylis

REGISTERED OFFICE:

Keafield Farm

Leigh

Worcester

Worcestershire

WR6 5AN

REGISTERED NUMBER:

11810511 (England and Wales)

ACCOUNTANTS:

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

FIXED ASSETS

Tangible assets

4

1,357,805

1,312,394

CURRENT ASSETS

Stocks

10,931

9,000

Debtors

5

27,699

28,933

Cash at bank

25,878

15,469

64,508

53,402

CREDITORS

Amounts falling due within one year

6

541,925

531,522

NET CURRENT LIABILITIES

(477,417

)

(478,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

880,388

834,274

CREDITORS

Amounts falling due after more than one year

7

(199,830

)

(207,748

)

PROVISIONS FOR LIABILITIES

(23,204

)

(14,496

)

NET ASSETS

657,354

612,030

CAPITAL AND RESERVES

Called up share capital

350,000

350,000

Retained earnings

307,354

262,030

657,354

612,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2026 and were signed on its behalf by:

Mrs J Baylis - Director

1.	STATUTORY INFORMATION

Baylis Farming Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 2% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st March 2025

1,126,448

212,902

1,339,350

Additions

-

93,605

93,605

At 28th February 2026

1,126,448

306,507

1,432,955

DEPRECIATION

At 1st March 2025

-

26,956

26,956

Charge for year

-

48,194

48,194

At 28th February 2026

-

75,150

75,150

NET BOOK VALUE

At 28th February 2026

1,126,448

231,357

1,357,805

At 28th February 2025

1,126,448

185,946

1,312,394

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st March 2025

65,000

Additions

77,000

At 28th February 2026

142,000

DEPRECIATION

At 1st March 2025

16,250

Charge for year

35,500

At 28th February 2026

51,750

NET BOOK VALUE

At 28th February 2026

90,250

At 28th February 2025

48,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

9,560

6,100

Other debtors

18,139

22,833

27,699

28,933

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

32,800

32,800

Hire purchase contracts

48,729

14,943

Trade creditors

15,662

10,143

Taxation and social security

2,646

3,927

Other creditors

442,088

469,709

541,925

531,522

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

147,250

181,597

Hire purchase contracts

52,580

26,151

199,830

207,748

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

16,050

50,397

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

180,050

214,397

Hire purchase contracts

101,309

41,094

281,359

255,491

The loan borrowing is with AMC and is secured by a fixed charge over land at Keafield Farm.

The hire purchase liabilities are secured against the assets to which they relate.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baylis Farming Limited for the year ended 28th February 2026 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Baylis Farming Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Baylis Farming Limited and state those matters that we have agreed to state to the Board of Directors of Baylis Farming Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Baylis Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baylis Farming Limited. You consider that Baylis Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Baylis Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

24th September 2026