Company No: 05710308 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	1,493		1,350
Tangible assets	4	2,789,595		1,658,917
		2,791,088		1,660,267
Current assets
Stocks		728,576		725,422
Debtors	5	290,692		269,236
Cash at bank and in hand		540,055		1,240,760
		1,559,323		2,235,418
Creditors: amounts falling due within one year	6	( 1,273,980)		( 1,317,641)
Net current assets		285,343		917,777
Total assets less current liabilities		3,076,431		2,578,044
Creditors: amounts falling due after more than one year	7	( 129,149)		( 56,690)
Provision for liabilities		( 83,000)		( 72,500)
Net assets		2,864,282		2,448,854
Capital and reserves
Called-up share capital	8	544		544
Capital redemption reserve		278,556		278,556
Profit and loss account		2,585,182		2,169,754
Total shareholders' funds		2,864,282		2,448,854

For the financial year ending 30 June 2026 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 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 Ben's Farm Shop Limited (registered number: 05710308) were approved and authorised for issue by the Board of Directors on 19 October 2026. They were signed on its behalf by:

J B Watson Director

C E Watson 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

Ben's Farm Shop 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 Head Office, Hole Farm, Buckfastleigh, TQ11 0LA, 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

8.75 - 9.38 years straight line

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, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Assets under construction	not depreciated
Vehicles	25 % reducing balance
Office equipment	2 - 10 years straight line

Leasehold property is depreciated straight line over the life of the lease. Freehold land is not depreciated.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	74		81

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 July 2025	1,350		1,350
Additions	325		325
At 30 June 2026	1,675		1,675
Accumulated amortisation
At 01 July 2025	0		0
Charge for the financial year	182		182
At 30 June 2026	182		182
Net book value
At 30 June 2026	1,493		1,493
At 30 June 2025	1,350		1,350

4. Tangible assets

	Land and buildings		Assets under construc- tion		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 July 2025	324,010		1,212,469		43,134		864,174		2,443,787
Additions	8,376		1,078,871		56,541		113,624		1,257,412
Disposals	0		0		( 8,139)		0		( 8,139)
At 30 June 2026	332,386		2,291,340		91,536		977,798		3,693,060
Accumulated depreciation
At 01 July 2025	134,224		0		14,139		636,507		784,870
Charge for the financial year	28,587		0		20,000		78,147		126,734
Disposals	0		0		( 8,139)		0		( 8,139)
At 30 June 2026	162,811		0		26,000		714,654		903,465
Net book value
At 30 June 2026	169,575		2,291,340		65,536		263,144		2,789,595
At 30 June 2025	189,786		1,212,469		28,995		227,667		1,658,917

5. Debtors

	2026		2025
	£		£
Trade debtors	2,147		7,966
Other debtors	288,545		261,270
	290,692		269,236

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	709,367		738,019
Corporation tax	168,483		173,000
Other taxation and social security	52,219		51,935
Obligations under finance leases and hire purchase contracts (secured)	27,541		27,541
Other creditors	316,370		327,146
	1,273,980		1,317,641

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

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

	2026		2025
	£		£
Bank loans (secured)	100,000		0
Obligations under finance leases and hire purchase contracts (secured)	29,149		56,690
	129,149		56,690

The bank loan is secured on the land and buildings of the company and a floating charge on other assets of the company.

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

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
544 Ordinary shares of £ 1.00 each	544		544

9. Off Balance Sheet arrangements

The total amount of financial commitments not included in the balance sheet is £161,500 (2025- £216,000).