Company No: 00641336 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,776,590		862,142
Biological assets	4	214,474		192,634
		4,991,064		1,054,776
Current assets
Stocks	5, 6	140,368		144,010
Debtors	7	560,652		118,447
Cash at bank and in hand		257,167		583,905
		958,187		846,362
Creditors: amounts falling due within one year	8	( 445,602)		( 242,807)
Net current assets		512,585		603,555
Total assets less current liabilities		5,503,649		1,658,331
Creditors: amounts falling due after more than one year	9	( 2,208,881)		( 555,537)
Provision for liabilities		( 516,332)		( 71,681)
Net assets		2,778,436		1,031,113
Capital and reserves
Called-up share capital		8,800		8,800
Revaluation reserve		1,657,351		0
Profit and loss account		1,112,285		1,022,313
Total shareholders' funds		2,778,436		1,031,113

For the financial year ending 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements of E.S.Triggol Limited (registered number: 00641336) were approved and authorised for issue by the Board of Directors on 17 November 2025. They were signed on its behalf by:

S J Triggol Director

R E Triggol 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

E.S.TRIGGOL LIMITED (formerly E.S.TRIGGOL) is a private company limited by shares, incorporated and domiciled in England and Wales. On 28 October 2024 the company was re-registered from an unlimited company to a limited company under the Companies Act 2006. The re-registration did not affect the company’s accounting policies. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, 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 milk and animals in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax.

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 the significant risks and rewards are considered to have been transferred to the customer.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	0 - 20 years straight line
Plant and machinery	10 years straight line
Vehicles	5 years straight line

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.

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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Biological assets

The Company owns a dairy herd. In accordance with FRS102, these are defined as biological assets.

Such assets are measured at cost less accumulated depreciation and impairment.

Biological assets not held for continuing use within the business are classified as current assets, such assets are held with stock. Such assets are measured at cost less accumulated impairment. Assets within this classification comprise of both dairy and beef followers.

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 Profit and Loss Account 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 includes materials, direct labour and an attributable proportion of overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		12

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 April 2024	880,005		582,674		267,150		1,729,829
Additions	1,832,773		25,528		8,500		1,866,801
Revaluations	2,106,338		0		0		2,106,338
At 31 March 2025	4,819,116		608,202		275,650		5,702,968
Accumulated depreciation
At 01 April 2024	201,955		493,757		171,975		867,687
Charge for the financial year	14,191		15,250		29,250		58,691
At 31 March 2025	216,146		509,007		201,225		926,378
Net book value
At 31 March 2025	4,602,970		99,195		74,425		4,776,590
At 31 March 2024	678,050		88,917		95,175		862,142

4. Biological assets

	2025
	£
Biological assets at fair value	214,474

Assets held at fair value:

	Dairy		Total
	£		£
Valuation
At 01 April 2024	192,634		192,634
Increase due to purchases/ transfers in	21,840		21,840
Fair value at 31 March 2025	214,474		214,474

5. Stocks

	2025		2024
	£		£
Livestock	92,670		97,500
Crops	11,268		12,140
Other stock	36,430		34,370
	140,368		144,010

Livestock and Crops include current biological assets not held for continuing use in the business. See note 6.

6. Current biological assets

Assets held at cost:

	Dairy		Growing crops		Total
	£		£		£
Cost
At 01 April 2024	97,500		12,140		109,640
Decrease attributable to sales/ transfers out	(4,830)		(872)		(5,702)
At 31 March 2025	92,670		11,268		103,938

7. Debtors

	2025		2024
	£		£
Trade debtors	115,136		98,148
Other debtors	445,516		20,299
	560,652		118,447

Included within other debtors are loans to directors, prepayments and amounts due from taxation.

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	29,597		29,559
Trade creditors	101,916		98,043
Taxation and social security	98,658		75,340
Obligations under finance leases and hire purchase contracts (secured)	35,489		22,050
Other creditors	179,942		17,815
	445,602		242,807

Bank borrowings are secured on specific freehold land and buildings owned by the company and by a fixed and floating charge. Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Included within other creditors are loans from directors, taxation payable and accruals.

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

	2025		2024
	£		£
Bank loans (secured)	2,208,881		547,648
Obligations under finance leases and hire purchase contracts (secured)	0		7,889
	2,208,881		555,537

Bank borrowings are secured on specific freehold land and buildings owned by the company and by a fixed and floating charge. Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

10. Related party transactions

Transactions with the entity's directors

The director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2024, the balance owed by the director was £nil. During the year, £351,662 was advanced to the director, and £47,696 was repaid by the director. At 31 March 2025, the balance owed by the director was £303,966.

At 1 April 2023, the balance owed by the director was £8,487. During the year, £958 was advanced to the director, and £9,445 was repaid by the director. At 31 March 2024, the balance owed by the director was £nil.