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Registration number: 07983280

Torch Farm and Equine Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 December 2025

Torch Farm and Equine Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 7

Torch Farm and Equine Limited

(Registration number: 07983280)
Abridged Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 774,470 | 1,249,084
Other financial assets | 6 | 20,102 | 20,102
|  | 794,572 | 1,269,186
Current assets |  |  |
Stocks |  | 364,634 | 299,991
Debtors |  | 1,903,838 | 1,273,316
Cash at bank and in hand |  | 774,528 | 243,998
|  | 3,043,000 | 1,817,305
Creditors: Amounts falling due within one year | 7 | (1,758,777) | (1,008,786)
Net current assets |  | 1,284,223 | 808,519
Total assets less current liabilities |  | 2,078,795 | 2,077,705
Creditors: Amounts falling due after more than one year | 8 | (1,059,780) | (1,330,744)
Provisions for liabilities |  | (182,606) | (211,891)
Net assets |  | 836,409 | 535,070
Capital and reserves |  |  |
Called up share capital |  | 1,410 | 1,410
Share premium reserve |  | 31,001 | 31,001
Profit and loss account |  | 803,998 | 502,659
Total equity |  | 836,409 | 535,070

Torch Farm and Equine Limited

(Registration number: 07983280)
Abridged Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 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 accounts for the year in question in accordance with section 476; and
| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 June 2026 and signed on its behalf by:

Mr NP Roper

Director

Mr PJ Jarvis

Director

Mrs J R Rodliff

Director

Miss R Cavill

Director

Torch Farm and Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Charter Court
Roundswell Business Park
Barnstaple
Devon
EX31 3FG

These financial statements were authorised for issue by the Board on 26 June 2026.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.

Torch Farm and Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Long leasehold improvements | Over term of lease
Long leasehold improvements | 20% straight line
Motor vehicles | 25% reducing balance
Fixtures and fittings | 15% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% straight line

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 80 (2024 - 82).

Torch Farm and Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 January 2025 | 1,644,698
At 31 December 2025 | 1,644,698
Amortisation
At 1 January 2025 | 1,644,698
At 31 December 2025 | 1,644,698
Carrying amount
At 31 December 2025 | -

5 | Tangible assets

| Total £
Cost or valuation
At 1 January 2025 | 2,228,325
Additions | 54,773
Disposals | (374,515)
At 31 December 2025 | 1,908,583
Depreciation
At 1 January 2025 | 979,241
Charge for the year | 191,522
Eliminated on disposal | (36,650)
At 31 December 2025 | 1,134,113
Carrying amount
At 31 December 2025 | 774,470
At 31 December 2024 | 1,249,084

Torch Farm and Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

6 | Other financial assets (current and non-current)

| Total £
Non-current financial assets
Cost or valuation
At 1 January 2025 | 20,102
At 31 December 2025 | 20,102
Carrying amount
At 31 December 2025 | 20,102

7 | Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £72,209 (2024 - £136,658).

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

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £14,782 (2024 - £285,744).

9 | Related party transactions

Advances to directors and shareholders

Mr PJ Jarvis During the period Mr PJ Jarvis went overdrawn on their loan account. The maximum overdrawn balance during the year was £84,130 (2024 - £73,744). At the year end the amount outstanding from Mr PJ Jarvis was £Nil (2024 - £37,101). Interest has been charged at the commercial rate.

Summary of transactions with parent

Included within other debtors is a loan to Torch Farm & Equine Holdings Limited for £nil (2024 - £212,984) which is the parent of Torch Farm and Equine Limited.
Included within other creditors is a loan from Torch Farm & Equine Holdings Limited for £325,687 (2024 - £nil) which is the parent of Torch Farm and Equine Limited.

Torch Farm and Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Summary of transactions with other related parties

At the reporting date, the company had outstanding balances owed to limited companies owned by directors and/or shareholders of the company. In aggregate, the amount owed to these was £1,044,997 (2024 - £1,014,625). All transactions with related parties are conducted at arm's length and on normal commercial terms. No security has been provided for this balance.