For the financial year ended 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 of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Homemade (Pickwell) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Pickwell Manor, Georgeham, Braunton, Devon, EX33 1LA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

The average monthly number of persons (including directors) employed by the company during the year was:

Investment property comprises eight properties at the period end (2025 - twelve properties).

The fair values of the properties have been assessed by the directors at the period end taking into account current market conditions.

Bank loans and overdrafts includes a balance of £34,044 (2025 - £34,044) relating to the current portion of the company's bank loans. The bank loans are secured on fixed and floating charges over the properties and other assets of the company.

Included within Other creditors are amounts owed under finance lease and hire purchase contracts of £4,689 (2024: £Nil) which are secured on the assets to which they relate.

Included within Other creditors is a balance of £1,759,624 (2025 - £1,759,624) owed to the directors. Balances owed are unsecured and repayable on demand.

Bank loans and overdrafts includes a balance of £1,671,132 (2025 - £2,264,701) relating to the non-current portion of the company's bank loans. The bank loans are secured on fixed and floating charges over the properties and other assets of the company.

Included within Other creditors are amounts owed under finance lease and hire purchase contracts of £24,100 (2024: £Nil) which are secured on the assets to which they relate.

Non-distributable reserves comprise revaluations of investment properties, net of deferred tax provisions.

Connected company loans

During the period the company continued to extend loans to, and receive loans from, companies under common control.

During the period a loan of £34,410 from a company under common control was written off. At the year end the company owed £nil to this company (2025 - £30,076).

At the year end the company was owed £406,121 from five companies under common control (2025 - Four companies - £240,726).

Loan balances outstanding are unsecured and repayable on demand.