Company No: 08547924 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	1,563,729		906,949
		1,563,729		906,949
Current assets
Stocks	5	98,660		121,434
Debtors	6	397,378		296,274
Cash at bank and in hand		413,715		782,501
		909,753		1,200,209
Creditors: amounts falling due within one year	7	( 425,217)		( 415,929)
Net current assets		484,536		784,280
Total assets less current liabilities		2,048,265		1,691,229
Creditors: amounts falling due after more than one year	8	( 79,733)		0
Provision for liabilities		( 222,353)		( 188,676)
Net assets		1,746,179		1,502,553
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,746,079		1,502,453
Total shareholders' funds		1,746,179		1,502,553

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Cornish Farmhouse Bacon Co Ltd (registered number: 08547924) were approved and authorised for issue by the Board of Directors on 30 October 2026. They were signed on its behalf by:

Mr J Uglow Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Cornish Farmhouse Bacon Co Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is West Balsdon Farm, Whitstone, Holsworthy, Devon, EX22 6LE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	50 years straight line
	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	32		30

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	120,237		120,237
At 31 March 2026	120,237		120,237
Accumulated amortisation
At 01 April 2025	120,237		120,237
At 31 March 2026	120,237		120,237
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 April 2025	165,491		1,112,294		224,287		1,502,072
Additions	525,371		291,609		0		816,980
Disposals	0		( 54,695)		0		( 54,695)
At 31 March 2026	690,862		1,349,208		224,287		2,264,357
Accumulated depreciation
At 01 April 2025	13,236		467,231		114,656		595,123
Charge for the financial year	3,309		99,921		27,409		130,639
Disposals	0		( 25,134)		0		( 25,134)
At 31 March 2026	16,545		542,018		142,065		700,628
Net book value
At 31 March 2026	674,317		807,190		82,222		1,563,729
At 31 March 2025	152,255		645,063		109,631		906,949

5. Stocks

	2026		2025
	£		£
Stocks	98,660		121,434

6. Debtors

	2026		2025
	£		£
Trade debtors	304,804		285,973
Prepayments	1,785		631
VAT recoverable	7,648		9,670
Other debtors	83,141		0
	397,378		296,274

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	330,370		247,289
Amounts owed to directors	3,433		1,533
Accruals	10,913		28,309
Taxation and social security	63,730		99,353
Obligations under finance leases and hire purchase contracts	12,267		35,705
Other creditors	4,504		3,740
	425,217		415,929

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Obligations under finance leases and hire purchase contracts (secured)	79,733		0

The finance lease liabilities are secured against the assets to which they relate.

9. Related party transactions

Other related party transactions

Within other debtors is an amount owed to a partnership of £83,141 (2025 £nil) in which the directors are also partners. The loan is charged at the official HMRC rate and is repayable on demand.