For the financial year ended 30 June 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

Alexander Farming Limited is a private company limited by shares incorporated in England and Wales. The registered office is Home Farm, Riverside, Eynsford, Dartford, Kent, United Kingdom, DA4 0AE.

These financial statements report a 12 month period to 30 June 2026. The previous period reported was 18 months from 1 January 2024 to 30 June 2025. The reason for this was for the period end to align with the other companies in the group. Therefore, the comparative amounts presented in the financial statements and the related notes are not entirely comparable.

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. The principal accounting policies adopted are set out below.

Turnover represents the invoiced amount of goods sold, subsidies receivable and services provided during the year, stated net of value added tax.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.

Amortisation 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:

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments are stated at cost less provision for diminution in value.

The stocks at 30 June 2026, which were valued by the directors and Thomas Wilson MRICS, FAAV, Agricultural Valuer, are stated at the lower of cost and net realisable value.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The company provides money purchase, defined contribution pension schemes, the assets of which are held separately from those of the company in independently administered funds. Contributions to these schemes are charged to the profit and loss account as they become payable.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

Land and buildings with a carrying amount of £438,725 were revalued at 30 January 2023 by BTF Partnership - Chartered Surveyors & Agricultural Valuers, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

The directors consider that the valuation at 30 June 2026 is not materially different from the revaluation conducted above.

Details of security provided:

The bank loans are secured by way of fixed charges over the assets of the company.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

(i) The company farms land and uses buildings owned by Eynsford Holdings Limited for which no rent is paid. The balance due to Eynsford Holdings Limited at 30 June 2026 amounted to £1,529,299 (2025: £1,381,896).

(ii) Alexander Farming (Holdings) Limited is the ultimate parent company. The balance due from Alexander Farming (Holdings) Limited at 30 June 2026 amounted to £3,392,999 (2025: £3,388,719).

(iii) Alexander Property (Eynsford) Ltd is a company that has common directors with Alexander Farming Limited; these are S F Alexander and E D Alexander. The balance due from Alexander Property (Eynsford) Ltd at 30 June 2026 amounted to £106,868 (2025: £37,703).

All of these balances are payable or repayable on demand.

The company is controlled by R F Alexander through his shareholding in the ultimate parent company, Alexander Farming (Holdings) Limited. The registered office of Alexander Farming (Holdings) Ltd is Home Farm, Eynsford, Kent, DA4 0AE.