REGISTERED NUMBER: 04933079 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Twose Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R K Twose

J D Twose

Mrs R E Twose

Mrs J A Twose

I Twose

G Twose

Mrs E E J Twose

SECRETARY:

Mrs R E Twose

REGISTERED OFFICE:

Maenhir

Login

Whitland

Carmarthenshire

SA34 0XE

REGISTERED NUMBER:

04933079 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,245,276

1,988,460

2,245,276

1,988,460

CURRENT ASSETS

Stocks

532,675

541,701

Debtors

6

195,958

202,040

Investments

7

387,862

387,862

1,116,495

1,131,603

CREDITORS

Amounts falling due within one year

8

550,176

792,636

NET CURRENT ASSETS

566,319

338,967

TOTAL ASSETS LESS CURRENT LIABILITIES

2,811,595

2,327,427

CREDITORS

Amounts falling due after more than one year

9

(1,574,341

)

(1,440,488

)

PROVISIONS FOR LIABILITIES

(171,239

)

(149,949

)

NET ASSETS

1,066,015

736,990

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,065,915

736,890

1,066,015

736,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 15 October 2026 and were signed on its behalf by:

J D Twose - Director

R K Twose - Director

1.	STATUTORY INFORMATION

Twose Farms 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

SFP Entitlements are being amortised evenly over their estimated useful life of nil years.

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

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2025

and 31 January 2026

214,702

AMORTISATION

At 1 February 2025

and 31 January 2026

214,702

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

806,387

2,255,821

3,062,208

Additions

-

479,312

479,312

Disposals

-

(116,557

)

(116,557

)

At 31 January 2026

806,387

2,618,576

3,424,963

DEPRECIATION

At 1 February 2025

-

1,073,748

1,073,748

Charge for year

-

160,545

160,545

Eliminated on disposal

-

(54,606

)

(54,606

)

At 31 January 2026

-

1,179,687

1,179,687

NET BOOK VALUE

At 31 January 2026

806,387

1,438,889

2,245,276

At 31 January 2025

806,387

1,182,073

1,988,460

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

Plant and

machinery

etc

£

COST

At 1 February 2025

562,012

Additions

248,007

Disposals

(40,957

)

Transfer to ownership

(25,000

)

At 31 January 2026

744,062

DEPRECIATION

At 1 February 2025

117,567

Charge for year

76,450

Eliminated on disposal

(16,590

)

Transfer to ownership

(6,141

)

At 31 January 2026

171,286

NET BOOK VALUE

At 31 January 2026

572,776

At 31 January 2025

444,445

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

153,682

191,718

Other debtors

42,276

10,322

195,958

202,040

7.	CURRENT ASSET INVESTMENTS

31.1.26

31.1.25

£

£

First milk retention

387,862

387,862

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

102,467

240,920

Hire purchase contracts

84,471

76,610

Trade creditors

152,656

180,188

Other creditors

210,582

294,918

550,176

792,636

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

1,386,910

1,308,505

Hire purchase contracts

187,431

131,983

1,574,341

1,440,488

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,305,589

1,227,184

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

R K Twose and J D Twose

Balance outstanding at start of year

(284,577

)

(347,958

)

Amounts advanced

135,245

111,962

Amounts repaid

(48,414

)

(48,581

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(197,746

)

(284,577

)