John S. Pile (Farms) Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—8

1. General Information

John S. Pile (Farms) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00883650 . The registered office is Middle Farm, Firle, Lewes, East Sussex, BN8 6LJ.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are digital intangible assets (website development costs, EPOS system development costs). They are amortised to the income statement over their estimated economic life of 3 years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are trademarks. They are amortised to the income statement over their estimated economic life of 10 years.

2.5. 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:

Leasehold	4% - 10% straight line
Plant & Machinery	20% reducing balance or straight line
Fixtures & Fittings	15% reducing balance

2.6. 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 income statement 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 income statement as incurred.

2.7. 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.

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John S. Pile (Farms) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. 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.

2.9. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.10. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 55 (2024: 55)

4. Intangible Assets

	Other	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2025	-	6,035	6,035
Additions	14,013	-	14,013

As at 31 December 2025	14,013	6,035	20,048

...CONTINUED

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John S. Pile (Farms) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Amortisation
As at 1 January 2025	-	5,405	5,405
Provided during the period	4,671	105	4,776

As at 31 December 2025	4,671	5,510	10,181

Net Book Value
As at 31 December 2025	9,342	525	9,867

As at 1 January 2025	-	630	630

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	518,494	475,689	121,164	1,115,347
Additions	35,233	149,573	4,559	189,365
Disposals	-	(122,065 )	-	(122,065 )

As at 31 December 2025	553,727	503,197	125,723	1,182,647

Depreciation
As at 1 January 2025	477,496	389,096	83,936	950,528
Provided during the period	10,803	44,403	6,268	61,474
Disposals	-	(96,950 )	-	(96,950 )

As at 31 December 2025	488,299	336,549	90,204	915,052

Net Book Value
As at 31 December 2025	65,428	166,648	35,519	267,595

As at 1 January 2025	40,998	86,593	37,228	164,819

Inclluded within fixed asset balances are assets held under an HP agreement as follows:

	2025	2024
	£	£
Plant & Machinery	22,758	-

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John S. Pile (Farms) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	451	101	552

As at 31 December 2025	451	101	552

Provision
As at 1 January 2025	-	-	-

As at 31 December 2025	-	-	-

Net Book Value
As at 31 December 2025	451	101	552

As at 1 January 2025	451	101	552

Investments in group undertakings

Subsidiary / Registered office Class of share % held

Middle Farm Limited

Middle Farm, Firle, Lewes,BN8 6LJ Ordinary 100

Middle Farm Shop Limited

Middle Farm, Firle, Lewes,BN8 6LJ Ordinary 100

Pookhill Limited

Middle Farm, Firle, Lewes, BN8 6LJ Ordinary 100

All subsidiaries are dormant companies which have never traded.

7. Stocks

	2025	2024
	£	£
Stock	279,556	284,854

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	115	426
Other debtors	8,309	130,018

	8,424	130,444

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John S. Pile (Farms) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,282	-
Trade creditors	106,922	155,219
Bank loans and overdrafts	4,167	14,167
Amounts owed to participating interests	44,781	892
Other creditors	98,984	104,050
Taxation and social security	46,200	41,151

	317,336	315,479

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,476	-

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	17,487	-
Later than one year and not later than five years	7,336	-

	24,823	-
Less: Finance charges allocated to future periods	2,065	-

	22,758	-

12. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	35,100	20,800

13. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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John S. Pile (Farms) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

14. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	115,250	115,250
Later than one year and not later than five years	85,885	201,135

	201,135	316,385

These values relate to the tenancy agreements for the land and buildings at Middle Farm occupied by the company.

15. Related Party Transactions

As a joint tenant and former director, M J S Pile, a shareholder, occupied a property within the farm tenancy on a rent-free basis until his death in 2021. The property and its contents are currently being looked after by the Executor of Mr J S Pile until the administration of his estate is complete.

On 1 January 2019 Mr J S Pile sold his Animal Feed business to the company for £30,000 on an arm's length basis. The business assets transferred comprised machinery, equipment, fixtures and fittings, and stock. No amount was paid for goodwill. At 31 December 2025 £nil (2024: £nil) remained outstanding on loan account to Mr Pile's estate.

Elizabeth Pile, a daughter of John Pile, his executor, and sister of the director Helen Marsh, has received goods and services from the company, and in her capacity as executor has paid rent to the company in relation to Mr Pile’s former home, all items being paid for at cost to the company. The total cost incurred in the year on these items is £2,448 (2024: £2,626). All amounts due for the year were paid to the company on or before the year-end. Elizabeth Pile has also provided accountancy and consultancy services to the company during the year. The total she received in the year for services provided and related disbursements was £37,302 (2024: £19,802).

The directors Helen and Ian Marsh are required to live on-site and so are provided with rent-free living accommodation. The cost to the company of providing this accommodatino during 2025 was £7,200 (2024: £7,200). The directors reimburse the company for the cost of water and electricity supplied to their living accommodation, and pay all other accommodation-related bills themselves.

16. Ultimate Controlling Party

The managing director, Helen Marsh, owns 44% of the ordinary shares. The executor of the late John Pile, his daughter Elizabeth Pile, holds 50% of the ordinary shares pending final settlement of John Pile's estate. Elizabeth Pile also holds 1% of the ordinary shares in her own right.

The company is controlled jointly by its shareholders and the Executor of Mr J Pile .

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,867		630
Tangible Assets	5		267,595		164,819
Investments	6		552		552

			278,014		166,001
CURRENT ASSETS
Stocks	7	279,556		284,854
Debtors	8	8,424		130,444
Cash at bank and in hand		225,198		198,425

		513,178		613,723
Creditors: Amounts Falling Due Within One Year	9	(317,336 )		(315,479 )

NET CURRENT ASSETS (LIABILITIES)			195,842		298,244

TOTAL ASSETS LESS CURRENT LIABILITIES			473,856		464,245

Creditors: Amounts Falling Due After More Than One Year	10		(6,476 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation	12		(35,100 )		(20,800 )

NET ASSETS			432,280		443,445

CAPITAL AND RESERVES
Called up share capital	13		1,000		1,000
Income Statement			431,280		442,445

SHAREHOLDERS' FUNDS			432,280		443,445