REGISTERED NUMBER: 04637412 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2026

for

Cannon Hall Farm Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

16

DIRECTORS:

C R Nicholson

Mrs C S Nicholson

R C Nicholson

R E Nicholson

D W Nicholson

SECRETARY:

Mrs C S Nicholson

REGISTERED OFFICE:

Cannon Hall Farm

Cannon Hall

Cawthorne

Barnsley

South Yorkshire

S75 4AT

REGISTERED NUMBER:

04637412 (England and Wales)

AUDITORS:

Paul Howley & Co Ltd

Chartered Certified Accountants

Statutory Auditors

Suite 5, First Floor

1 Beevor Court

Off Pontefract Road

Barnsley

South Yorkshire

S71 1HG

The directors present their strategic report for the year ended 31 January 2026.

REVIEW OF BUSINESS

The company's principal activity during the year continued to be the operation of an open farm visitor attraction.

The result for the year and the financial position of the company are shown in the financial statements.

Trading performance

For the year ended 31 January 2026, the company reported an operating profit of £2,083,636, compared with £1,972,112 for the previous year. All income streams recorded growth, with turnover increasing from £13,484,040 in 2025 to £14,054,311 in 2026.

Profit before tax increased to £2,211,687 from £2,066,166 in 2025, driven by higher turnover and gross profit.

Key performance indicators

The key performance indicators used to determine the progress and performance of the company are customer footfall, turnover growth, profitability and liquidity.

Turnover growth:

An increase on the prior year of 4.2%.

Gross profit & Operating profit growth:

Gross and operating profits increased by 8.5% and 5.7% respectively.

Current assets to current liabilities ratio:

The current ratio fell marginally to 4.3 from 4.5 in the prior year.

Future outlook

The directors continue to monitor customer spending patterns and regional and national economic indicators, while exploring innovative ways to increase visitor numbers. The company will maintain its established policy of investing in new attractions and improving infrastructure, which the directors remain confident will drive further growth in footfall and revenue.

As part of this ongoing investment, the company opened additional animal attractions, viewing facilities and outdoor children’s play areas in spring 2026 to enhance the visitor experience. The directors are confident that continuing to improve visitor experiences, responding to customer demands and maintaining high-quality offerings will enable the company to sustain strong performance.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors recognise that the management of the business and the implementation of the company’s strategies are subject to a number of risks and uncertainties. The principal business risks identified include the prevailing economic climate, exposure to communicable diseases associated with agriculture, fluctuations in the residential property market and the retention of key staff.

ON BEHALF OF THE BOARD:

R E Nicholson - Director

29 October 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2026 will be £ 290,500 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

C R Nicholson

Mrs C S Nicholson

R C Nicholson

R E Nicholson

D W Nicholson

DIRECTORS' INDEMNITIES

The company maintains directors' and officers' liability insurance which gives appropriate cover for legal action brought against its directors.

DISCLOSURE IN THE STRATEGIC REPORT

As permitted by the Companies Act 2006 certain information to be contained in the directors' report as required by Schedule 7 to SI 2008/410 is included in the company's strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Paul Howley & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R E Nicholson - Director

29 October 2026

Opinion

We have audited the financial statements of Cannon Hall Farm Ltd (the 'company') for the year ended 31 January 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In planning and designing our audit tests, we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the business and sector, the control environment and the business performance along with the results of our enquiries of management.

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to the Companies Act 2006, relevant tax legislation, environmental and consumer rights regulation and anti-bribery and corruption legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls), and determined that the principal risks related to stock, assets and cash balances. Audit procedures performed by the engagement team included:

- Enquiries of the directors and management to identify any instances of non-compliance including consideration of known or suspected instances of fraud;

- Evaluation of management's controls designed to prevent and detect irregularities;

- Review of meeting minutes, and where applicable, correspondence with relevant regulatory authorities;

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Performed physical verification of tangible fixed assets to confirm existence and ownership;

- Performed physical verification and valuation testing of stock to ensure accuracy;

- Investigated the rationale behind significant or unusual transactions;

- Detailed testing of journal entries.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Berry (Senior Statutory Auditor)

for and on behalf of Paul Howley & Co Ltd

Chartered Certified Accountants

Statutory Auditors

Suite 5, First Floor

1 Beevor Court

Off Pontefract Road

Barnsley

South Yorkshire

S71 1HG

29 October 2026

TURNOVER

3

14,054,311

13,484,040

Cost of sales

8,653,279

8,505,413

GROSS PROFIT

5,401,032

4,978,627

Administrative expenses

3,472,930

3,150,645

1,928,102

1,827,982

Other operating income

155,534

144,130

OPERATING PROFIT

5

2,083,636

1,972,112

Interest receivable and similar income

6

128,051

110,963

2,211,687

2,083,075

Interest payable and similar expenses

7

-

16,909

PROFIT BEFORE TAXATION

2,211,687

2,066,166

Tax on profit

8

589,100

549,175

PROFIT FOR THE FINANCIAL YEAR

1,622,587

1,516,991

PROFIT FOR THE YEAR

1,622,587

1,516,991

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,622,587

1,516,991

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

4,758,155

4,740,748

Investment property

12

2,665,000

2,665,000

7,423,155

7,405,748

CURRENT ASSETS

Stocks

13

871,801

727,010

Debtors

14

222,201

133,604

Investments

15

3,000,000

2,700,000

Cash at bank and in hand

1,913,612

695,562

6,007,614

4,256,176

CREDITORS

Amounts falling due within one year

16

1,386,168

935,809

NET CURRENT ASSETS

4,621,446

3,320,367

TOTAL ASSETS LESS CURRENT LIABILITIES

12,044,601

10,726,115

CREDITORS

Amounts falling due after more than one year

17

(154,712

)

(178,313

)

PROVISIONS FOR LIABILITIES

19

(685,000

)

(675,000

)

NET ASSETS

11,204,889

9,872,802

CAPITAL AND RESERVES

Called up share capital

20

265

265

Non-distributable reserves

21

116,389

116,389

Retained earnings

21

11,088,235

9,756,148

SHAREHOLDERS' FUNDS

11,204,889

9,872,802

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

R E Nicholson - Director

Called up

share

Retained

Non-distributable

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 February 2024

265

8,568,157

116,389

8,684,811

Changes in equity

Dividends

-

(329,000

)

-

(329,000

)

Total comprehensive income

-

1,516,991

-

1,516,991

Balance at 31 January 2025

265

9,756,148

116,389

9,872,802

Changes in equity

Dividends

-

(290,500

)

-

(290,500

)

Total comprehensive income

-

1,622,587

-

1,622,587

Balance at 31 January 2026

265

11,088,235

116,389

11,204,889

Cash flows from operating activities

Cash generated from operations

1

2,660,326

2,258,612

Interest paid

(16,909

)

-

Tax paid

(366,100

)

(411,075

)

Net cash from operating activities

2,277,317

1,847,537

Cash flows from investing activities

Purchase of tangible fixed assets

(667,372

)

(1,044,127

)

Purchase of current asset investments

(9,700,000

)

(7,950,000

)

Sale of tangible fixed assets

42,700

-

Sale of current asset investments

9,400,000

6,650,000

Interest received

121,552

112,085

Net cash from investing activities

(803,120

)

(2,232,042

)

Cash flows from financing activities

Amount introduced by directors

34,353

49,723

Equity dividends paid

(290,500

)

(329,000

)

Net cash from financing activities

(256,147

)

(279,277

)

Increase/(decrease) in cash and cash equivalents

1,218,050

(663,782

)

Cash and cash equivalents at beginning of year

2

695,562

1,359,344

Cash and cash equivalents at end of year

2

1,913,612

695,562

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.1.26

31.1.25

£

£

Profit before taxation

2,211,687

2,066,166

Depreciation charges

577,646

512,431

Loss on disposal of fixed assets

6,590

14,074

Government grants

(26,135

)

(27,648

)

Finance costs

-

16,909

Finance income

(128,051

)

(110,963

)

2,641,737

2,470,969

Increase in stocks

(144,791

)

(42,222

)

(Increase)/decrease in trade and other debtors

(93,422

)

36,799

Increase/(decrease) in trade and other creditors

256,802

(206,934

)

Cash generated from operations

2,660,326

2,258,612

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

1,913,612

695,562

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

695,562

1,359,344

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.25

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank and in hand

695,562

1,218,050

1,913,612

695,562

1,218,050

1,913,612

Liquid resources

Current asset investments

2,700,000

300,000

3,000,000

2,700,000

300,000

3,000,000

Total

3,395,562

1,518,050

4,913,612

1.	STATUTORY INFORMATION

Cannon Hall Farm Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

After making enquiries, the directors have a reasonable expectation that for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements the company has adequate resources to continue trading and meet its liabilities as and when they arise.

The company meets its day-to-day working capital requirements through its bank facilities. The company's forecasts and projections, taking account of plausible changes in trading performance, illustrate that the company should be able to operate within the level of its current facilities.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The annual depreciation charge for tangible assets and their carrying amount is determined by the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually and amended where necessary to reflect current estimates. The carrying amount of tangible assets is disclosed in note 11 to the financial statements.

Turnover

Turnover represents entrance fees and sales of goods and produce, stated net of trade discounts and value added tax.

The following criteria must be met before revenue is recognised:

Entrance fees and events

Farm entrance fees and events are recognised at point of sale with the exception of gift cards and vouchers which are deferred and recognised when presented.

Sale of goods and produce

Revenue from the sale of food, drink and produce is recognised at point of sale with the exception of wholesale and internet transactions which are recognised on despatch.

Food and beverage

Revenue from the sale of food and beverage is recognised when consumed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 50 years

Short leasehold

-

Straight line over 10 years and Straight line over 20 years

Farm plant and machinery

-

15% on reducing balance and Straight line over 10 years

Fixtures and equipment

-

15% on reducing balance

Motor vehicles and tractors

-

25% on reducing balance

Livestock

-

Straight line over 10 years and Straight line over 20 years

Assets under construction at the year end date are not depreciated.

The carrying values of property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that their carrying values may not be recoverable. Any impairment in the values of property, plant and equipment is charged to the Income Statement.

Profits and losses on disposal of property, plant and equipment reflect the difference between net selling price and carrying amount at the date of disposal and are recognised in the Income Statement.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Cost is calculated on the basis of first in, first out.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, stated net of outstanding bank overdrafts where relevant.

Debtors

Short term debtors are measured at transaction price, less any impairment. Any losses arising from impairment are recognised in the Income Statement in other operating expense.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in respect of capital expenditure are credited to a deferred income account and are released to the Income Statement over the expected useful lives of the relevant assets by annual instalments. Grants of a revenue nature are credited to the Income Statement so as to match them with the expenditure to which they relate.

Livestock

Livestock purchased predominately for the purpose of visitor attraction is included in tangible fixed assets and depreciated over their estimated useful lives. Livestock purchased as part of the working farm are incorporated in the Income Statement and where appropriate carried forward in stock at the lower of cost and net realisable value.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

31.1.26

31.1.25

£

£

Entrance fees & events

3,311,050

3,136,981

Retail sales

6,131,670

5,880,911

Bistro / Café sales

4,261,074

4,103,675

Other

350,517

362,473

14,054,311

13,484,040

4.	EMPLOYEES AND DIRECTORS

31.1.26

31.1.25

£

£

Wages and salaries

4,039,684

3,917,083

Social security costs

387,371

248,079

Other pension costs

77,012

77,064

4,504,067

4,242,226

The average number of employees during the year was as follows:

31.1.26

31.1.25

Direct

186

200

Administration & maintenance

25

28

Directors

5

5

216

233

31.1.26

31.1.25

£

£

Directors' remuneration

43,139

43,139

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

5

5