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REGISTERED NUMBER: 04638365 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2018

for

WHALLEY CORN MILLS LIMITED

WHALLEY CORN MILLS LIMITED (REGISTERED NUMBER: 04638365)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHALLEY CORN MILLS LIMITED

Company Information
for the Year Ended 31 March 2018







DIRECTORS: J G Townson
J Townson
Mrs D Townson





SECRETARY: J G Townson





REGISTERED OFFICE: Brook House Farm
Mitton Road
Whalley
Clitheroe
Lancashire
BB7 9PF





REGISTERED NUMBER: 04638365 (England and Wales)





ACCOUNTANTS: Haworths Limited
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW

WHALLEY CORN MILLS LIMITED (REGISTERED NUMBER: 04638365)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 561,754 578,029

CURRENT ASSETS
Stocks 151,886 154,191
Debtors 6 12,877 12,859
Cash at bank and in hand 65,705 77,750
230,468 244,800
CREDITORS
Amounts falling due within one year 7 205,675 212,272
NET CURRENT ASSETS 24,793 32,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,547

610,557

CREDITORS
Amounts falling due after more than one
year

8

(66,599

)

(121,641

)

PROVISIONS FOR LIABILITIES (8,937 ) (10,836 )
NET ASSETS 511,011 478,080

CAPITAL AND RESERVES
Called up share capital 10 10,050 10,050
Share premium 126,087 126,087
Retained earnings 374,874 341,943
SHAREHOLDERS' FUNDS 511,011 478,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

WHALLEY CORN MILLS LIMITED (REGISTERED NUMBER: 04638365)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 October 2018 and were signed on its behalf by:





J G Townson - Director


WHALLEY CORN MILLS LIMITED (REGISTERED NUMBER: 04638365)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Whalley Corn Mills Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Long leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

WHALLEY CORN MILLS LIMITED (REGISTERED NUMBER: 04638365)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 5 ) .

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2017
and 31 March 2018 251,118 313,815 61,936
DEPRECIATION
At 1 April 2017 - 43,939 20,312
Charge for year - 6,277 6,244
At 31 March 2018 - 50,216 26,556
NET BOOK VALUE
At 31 March 2018 251,118 263,599 35,380
At 31 March 2017 251,118 269,876 41,624

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017
and 31 March 2018 6,465 27,050 9,199 669,583
DEPRECIATION
At 1 April 2017 5,456 15,455 6,392 91,554
Charge for year 152 2,900 702 16,275
At 31 March 2018 5,608 18,355 7,094 107,829
NET BOOK VALUE
At 31 March 2018 857 8,695 2,105 561,754
At 31 March 2017 1,009 11,595 2,807 578,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 11,693 11,410
Other debtors 1,184 1,449
12,877 12,859

WHALLEY CORN MILLS LIMITED (REGISTERED NUMBER: 04638365)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 58,873 45,772
Taxation and social security 20,721 13,367
Other creditors 126,081 153,133
205,675 212,272

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other creditors 66,599 121,641

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Other loans 60,000 80,000

The loan is secured by a fixed charge on tangible fixed assets.

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
10,000 Ordinary £1 10,000 10,000
50 Ordinary A £1 50 50
10,050 10,050