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REGISTERED NUMBER: 07990971 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

WALWORTH FARMS LIMITED

WALWORTH FARMS LIMITED (REGISTERED NUMBER: 07990971)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALWORTH FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R J Moore
Mrs S J Moore
R J Moore
A F Moore





SECRETARY: R J Moore





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 07990971 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

WALWORTH FARMS LIMITED (REGISTERED NUMBER: 07990971)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,485,469 2,170,348

CURRENT ASSETS
Stocks 14,000 8,000
Debtors 5 744,949 829,171
758,949 837,171
CREDITORS
Amounts falling due within one year 6 1,093,419 1,049,524
NET CURRENT LIABILITIES (334,470 ) (212,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,150,999

1,957,995

CREDITORS
Amounts falling due after more than one
year

7

(990,159

)

(925,859

)

PROVISIONS FOR LIABILITIES (109,137 ) (114,976 )
NET ASSETS 1,051,703 917,160

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,051,603 917,060
1,051,703 917,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

WALWORTH FARMS LIMITED (REGISTERED NUMBER: 07990971)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 18th October 2023 and were signed on its behalf by:





R J Moore - Director


WALWORTH FARMS LIMITED (REGISTERED NUMBER: 07990971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Walworth Farms 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. ACCOUNTING POLICIES

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

Implements - 17.5% reducing balance
Tractors and combines - 17.5% reducing balance
Motor vehicles - 17.5% reducing balance
Equipment - 17.5% 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.

WALWORTH FARMS LIMITED (REGISTERED NUMBER: 07990971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Tractors
and Motor
Implements combines vehicles Equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 641,221 2,500,876 33,595 605,958 3,781,650
Additions 300,305 603,224 19,400 3,050 925,979
Disposals (94,200 ) (261,049 ) (9,000 ) (7,500 ) (371,749 )
At 31st March 2023 847,326 2,843,051 43,995 601,508 4,335,880
DEPRECIATION
At 1st April 2022 280,930 1,036,628 10,406 283,338 1,611,302
Charge for year 88,781 293,425 6,381 48,219 436,806
Eliminated on disposal (41,789 ) (149,745 ) (2,874 ) (3,289 ) (197,697 )
At 31st March 2023 327,922 1,180,308 13,913 328,268 1,850,411
NET BOOK VALUE
At 31st March 2023 519,404 1,662,743 30,082 273,240 2,485,469
At 31st March 2022 360,291 1,464,248 23,189 322,620 2,170,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,162 4,107
Other debtors 703,787 825,064
744,949 829,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 304,833 234,385
Hire purchase contracts 360,923 385,322
Trade creditors 103,684 142,470
Taxation and social security 27,095 -
Other creditors 296,884 287,347
1,093,419 1,049,524

WALWORTH FARMS LIMITED (REGISTERED NUMBER: 07990971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 967,659 893,359
Other creditors 22,500 32,500
990,159 925,859