Skillet Hill Farm Limited

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Accountants' Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—8

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Skillet Hill Farm Limited for the year ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Skillet Hill Farm Limited for the year ended 31 January 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Skillet Hill Farm Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Skillet Hill Farm Limited and state those matters that we have agreed to state to the directors of Skillet Hill Farm Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Skillet Hill Farm Limited and its directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit of the accounts of Skillet Hill Farm 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 financial statements.

26th October 2026

Brindley Goldstein Limited

103 High Street

Waltham Cross

EN8 7AN

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Skillet Hill Farm Limited

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: 08853712

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,436,456		9,379,911

			9,436,456		9,379,911
CURRENT ASSETS
Stocks	5	46,578		38,148
Debtors	6	1,797,979		1,549,841
Cash at bank and in hand		12,226		3,760

		1,856,783		1,591,749
Creditors: Amounts Falling Due Within One Year	7	(1,253,689 )		(958,878 )

NET CURRENT ASSETS (LIABILITIES)			603,094		632,871

TOTAL ASSETS LESS CURRENT LIABILITIES			10,039,550		10,012,782

Creditors: Amounts Falling Due After More Than One Year	8		-		(87,032 )

NET ASSETS			10,039,550		9,925,750

CAPITAL AND RESERVES
Called up share capital	10		3,000,000		3,000,000
Revaluation reserve	11		5,994,678		5,994,678
Profit and Loss Account			1,044,872		931,072

SHAREHOLDERS' FUNDS			10,039,550		9,925,750

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Skillet Hill Farm Limited

Balance Sheet (continued)

As At 31 January 2026

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nicholas Thompson

Director

26th October 2026

The notes on pages 5 to 8 form part of these financial statements.

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Skillet Hill Farm Limited

Statement of Changes in Equity

For The Year Ended 31 January 2026

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 February 2024	3,000,000	5,994,678	1,015,380	10,010,058
Loss for the year and total comprehensive income	-	-	(84,308 )	(84,308)

As at 31 January 2025 and 1 February 2025	3,000,000	5,994,678	931,072	9,925,750


Profit for the year and total comprehensive income	-	-	113,800	113,800

As at 31 January 2026	3,000,000	5,994,678	1,044,872	10,039,550

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Skillet Hill Farm Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Skillet Hill Farm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08853712 . The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation is provided
Plant & Machinery	33 1/3% straight line
Motor Vehicles	20% straight line
Fixtures & Fittings	33 1/3% straight line
Computer Equipment	33 1/3% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Skillet Hill Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 14)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2025	8,968,362	711,462	1,370,889	127,691
Additions	-	560,079	206,706	2,467
Disposals	(144,615 )	(682,474 )	(1,215,229 )	(45,348 )

As at 31 January 2026	8,823,747	589,067	362,366	84,810

Depreciation
As at 1 February 2025	-	240,878	1,428,287	132,765
Provided during the period	-	196,355	72,473	28,270
Disposals	-	(232,110 )	(1,357,277 )	(84,899 )

As at 31 January 2026	-	205,123	143,483	76,136

Net Book Value
As at 31 January 2026	8,823,747	383,944	218,883	8,674

As at 1 February 2025	8,968,362	470,584	(57,398 )	(5,074 )

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Skillet Hill Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2025	26,309	11,204,713
Additions	502	769,754
Disposals	(24,750 )	(2,112,416 )

As at 31 January 2026	2,061	9,862,051

Depreciation
As at 1 February 2025	22,872	1,824,802
Provided during the period	688	297,786
Disposals	(22,707 )	(1,696,993 )

As at 31 January 2026	853	425,595

Net Book Value
As at 31 January 2026	1,208	9,436,456

As at 1 February 2025	3,437	9,379,911

The land and buildings cost £2,973,684 and were revalued on 31 January 2023 to a value of £8,614,000. The revaluation

reserve amounts to £5,994,678 and is recorded under Capital and Reserves on the Balance Sheet. If the land and buildings were sold for their current net book value of £8,823,747, corporation tax of £1,462,516 would be payable.

5. Stocks

	2026	2025
	£	£
Stock	46,578	38,148

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	486,826	526,138
Other debtors	1,311,153	1,023,703

	1,797,979	1,549,841

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	35,280	41,475
Trade creditors	559,248	284,132
Bank loans and overdrafts	-	16,667
Corporation tax	-	56,579
Other taxes and social security	6,376	8,433
VAT	50,637	8,720

...CONTINUED

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Skillet Hill Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net wages	2,500	12,915
Other creditors	125,420	69,075
Directors' loan accounts	474,228	460,882

	1,253,689	958,878

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	20,365
Bank loans	-	66,667

	-	87,032

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	35,280	41,475
Later than five years	-	20,365

	35,280	61,840

	35,280	61,840

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	3,000,000	3,000,000

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 February 2025	5,994,678	931,072
Profit for the year and total comprehensive income	-	113,800

As at 31 January 2026	5,994,678	1,044,872

12. Related Party Transactions

The company paid a dividend to Skillet Hill Farm (Holdings) Ltd during the year of £Nil (2025: £Nil ).

Mr N. C. Thompson is also a director of Skillet Hill Farm (Holdings) Ltd and owns 100% of the company's share capital.

13. Ultimate Controlling Party

The company is controlled by Skillet Hill Farm (Holdings) Ltd who own 100% of the company's share capital

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