REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2022 |
for |
Welham Park Trout Farm (Malton) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2022 |
for |
Welham Park Trout Farm (Malton) Limited |
Welham Park Trout Farm (Malton) Limited (Registered number: 05251957) |
Contents of the Financial Statements |
for the Year Ended 31 October 2022 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Welham Park Trout Farm (Malton) Limited (Registered number: 05251957) |
Balance Sheet |
31 October 2022 |
31.10.22 | 31.10.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Inventories |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Welham Park Trout Farm (Malton) Limited (Registered number: 05251957) |
Notes to the Financial Statements |
for the Year Ended 31 October 2022 |
1. | STATUTORY INFORMATION |
Welham Park Trout Farm (Malton) Limited is a private company, limited by shares, registered in England. It's registered office address is Low Paper Mill,, Ellerburn, Thornton Dale, North Yorkshire, YO18 7LL and it's registered number is 05251957. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of rainbow trout supplied to customers during the year. |
Tangible fixed assets |
Tangible fixed assets are stated at cost, except freehold property which is stated at valuation, less accumulated depreciation. Provision is made to write off the assets over their estimated useful lives on a reducing balance basis at the following annual rates : Freehold land - 0% ; Freehold buildings - 2.5% ; Motor vehicles - 25%. |
Stocks |
Inventories 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 Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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 material timing differences that have originated but not reversed at the balance sheet date. Deferred tax has been provided on the revaluation reserve. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Freehold | Motor |
property | vehicles | Totals |
£ | £ | £ |
COST |
At 1 November 2021 |
and 31 October 2022 |
DEPRECIATION |
At 1 November 2021 |
Charge for year |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 31 October 2021 |
Welham Park Trout Farm (Malton) Limited (Registered number: 05251957) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2022 |
4. | PROPERTY, PLANT AND EQUIPMENT - continued |
Included in cost of land and buildings is freehold land of £ 180,000 (2021 - £ 180,000 ) which is not depreciated. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.22 | 31.10.21 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.22 | 31.10.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.10.22 | 31.10.21 |
£ | £ |
Bank overdrafts |
The bank overdraft is secured by fixed and floating charge over the company's assets. |