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REGISTERED NUMBER: 01853534 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Welham Park Trout Farms Limited

Welham Park Trout Farms Limited (Registered number: 01853534)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Welham Park Trout Farms Limited (Registered number: 01853534)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 445,007 454,221

CURRENT ASSETS
Inventories 118,400 83,550
Debtors 5 121,547 140,275
Cash in hand 235 58
240,182 223,883
CREDITORS
Amounts falling due within one year 6 274,893 278,281
NET CURRENT LIABILITIES (34,711 ) (54,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,296

399,823

CREDITORS
Amounts falling due after more than
one year

7

(222,536

)

(227,336

)

PROVISIONS FOR LIABILITIES (36,091 ) (82,934 )
NET ASSETS 151,669 89,553

CAPITAL AND RESERVES
Called up share capital 1,999 1,999
Revaluation reserve 331,734 331,734
Retained earnings (182,064 ) (244,180 )
SHAREHOLDERS' FUNDS 151,669 89,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

Welham Park Trout Farms Limited (Registered number: 01853534)

Balance Sheet - continued
31 October 2022


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 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 20 October 2023 and were signed on its behalf by:





A Lyons - Director


Welham Park Trout Farms Limited (Registered number: 01853534)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Welham Park Trout Farms Limited is a private company, limited by shares, registered in England. Its registered office address is Low Paper Mill, Ellerburn, Thornton Dale, North Yorkshire, YO18 7LL and its registered number is 01853534.

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 represents the value of brown trout & other trout sold 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%
Plant & machinery - 20%
Motor vehicles - 20%

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.

Deferred tax
Deferred tax is recognised in respect of all 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 6 (2021 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 November 2021
and 31 October 2022 584,353 35,716 25,484 645,553
DEPRECIATION
At 1 November 2021 142,893 33,395 15,044 191,332
Charge for year 6,662 464 2,088 9,214
At 31 October 2022 149,555 33,859 17,132 200,546
NET BOOK VALUE
At 31 October 2022 434,798 1,857 8,352 445,007
At 31 October 2021 441,460 2,321 10,440 454,221

Welham Park Trout Farms Limited (Registered number: 01853534)

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 £ 175,000 (2021 - £ 175,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 1,293 5,989
Other debtors 120,254 134,286
121,547 140,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 198,279 213,211
Trade creditors 9,126 8,635
Taxation and social security 457 -
Other creditors 67,031 56,435
274,893 278,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans 222,536 227,336

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Bank overdrafts 193,479 207,003
Bank loans 227,336 233,544
420,815 440,547

Bank borrowing is secured by a fixed and floating charge over the company's assets.