Registration number: 04290724

Maplebeck Farming Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Maplebeck Farming Limited

Company Information

Director

Mrs KJ McGrath

Company secretary

Mrs KJ McGrath

Registered office

Forge Cottage Maplebeck Newark Nottinghamshire NG22 0BS

Maplebeck Farming Limited

(Registration number: 04290724)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	1,876,841	1,911,941
Current assets
Debtors	6	48,981	54,838
Creditors: Amounts falling due within one year	7	(440,481)	(459,455)
Net current liabilities		(391,500)	(404,617)
Total assets less current liabilities		1,485,341	1,507,324
Creditors: Amounts falling due after more than one year	7	(268,481)	(299,921)
Provisions for liabilities		(16,122)	(9,525)
Net assets		1,200,738	1,197,878
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		1,199,738	1,196,878
Shareholders' funds		1,200,738	1,197,878

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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 October 2026
 

......................................... Mrs KJ McGrath Company secretary and director

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

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:
Forge Cottage
Maplebeck
Newark
Nottinghamshire
NG22 0BS

These financial statements were authorised for issue by the director on 14 October 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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(where relevant) and returns.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Sales of crops are recognised either when the crop leaves the farm (or when ownership transfers to the purchaser under contract at an earlier date)
Basic Payment Scheme income and Entry Level Scheme income is recognised in the accounting period to which it relates.
Other income is recognised on receipt.

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Tax

The tax expense for the period comprises corporation tax and/or deferred 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 over their estimated useful lives, as follows:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Land	Is not depreciated
Plant and machinery	25% on a reducing balance basis

Amortisation

Asset class	Amortisation method and rate
BPS Entitlements	Straight line basis over 6 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	2,306	-
Deferred taxation
Arising from origination and reversal of timing differences	6,597	(975)
Tax expense/(receipt) in the income statement	8,903	(975)

5	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	1,791,990	104,000	150,089	2,046,079
Additions	-	7,148	-	7,148
Disposals	-	(15,986)	-	(15,986)
At 31 January 2026	1,791,990	95,162	150,089	2,037,241
Depreciation
At 1 February 2025	-	82,022	52,116	134,138
Charge for the year	-	7,039	26,216	33,255
Eliminated on disposal	-	(6,993)	-	(6,993)
At 31 January 2026	-	82,068	78,332	160,400
Carrying amount
At 31 January 2026	1,791,990	13,094	71,757	1,876,841
At 31 January 2025	1,791,990	21,978	97,973	1,911,941

Included within the net book value of land and buildings above is £1,791,990 (2025 - £1,791,990) in respect of freehold land and buildings. This is not depreciated.
 

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

6

Debtors

Current	2026 £	2025 £
Other debtors	48,981	54,838
	48,981	54,838

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	411,879	428,557
Taxation and social security		2,306	-
Accruals and deferred income		12,379	10,363
Other creditors		13,917	20,535
		440,481	459,455

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	268,481	299,921

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2025	9,525	9,525
Increase (decrease) in existing provisions	6,597	6,597
At 31 January 2026	16,122	16,122

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	64,457	95,897
Other borrowings	204,024	204,024
	268,481	299,921

Current loans and borrowings

	2026 £	2025 £
Bank overdrafts	380,000	409,386
Hire purchase contracts	31,879	19,171
	411,879	428,557

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

10	Related party transactions

Maplebeck Farming Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Summary of transactions with all entities with joint control or significant interest

C A Strawson Maplebeck Limited The company has charged C A Strawson Maplebeck Limited management charges in the year of £70,000 (2025: £25,574).

Summary of transactions with other related parties

C A Strawson Maplebeck Limited The company has a loan from C A Strawson Maplebeck Limited for £204.024. This is an interest free loan with no fixed repayment terms.