If you get separate electric meters, you will have separate electric bills. I don't know how it is elsewhere, but in the US we have power companies grasping for ways to pay for the infrastructure costs associated with new energy tech - rooftop solar and the like. Their favorite trick is to start charging a flat rate merely for having a service /meter. Thus I would advise "1 service per property" simply as a defense against such schemes. Carrying power 50m isn't a problem.
I'm concerned about potential power loss over the 50 meter cable run for Option 1. If there is significant power loss, I would be paying for electricity that wouldn't actually reach the barns.
There is an answer for that, and it isn't guessing. It is a voltage drop calculation. Fortunately many web sites exist that will do the calculation for you. I can tell you from having done many of them that it won't be significant - for 240V feeders I don't even bother doing voltage drop calcs until at least 170’ (52m) because the answer is always "the normal wire size is fine". But European spec wires tend to run a bit smaller for the same ampacity, so you should do the calculation for yourself on the minimum and a couple of larger sizes.
Remember that voltage drop is based on the actual current on the wire based on draw right now: it may be on a 50A circuit, but the physics forces which cause voltage drop don't know that :)
Since people rarely load a feeder beyond 80%, iI went with 40A and got (sorry for the odd units but my handy calc only speaks AWG):
- 4% (3.95%) using 8.3 mm2 wire.
- 2.54% voltage drop using 13.3 mm2 wire.
Again assuming 40A actual draw.
You can leave this to the power company, in which case you'll get Hobson's Choice on wire size, and if it's on your side of the meter, you eat the loss.
Also, I don't know if this is relevant to the UK but think about electric cars.