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REGISTERED NUMBER: 05251957 (England and Wales)















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 4 185,989 186,922

CURRENT ASSETS
Inventories 37,900 34,494
Debtors 5 9,720 15,398
47,620 49,892
CREDITORS
Amounts falling due within one year 6 169,900 180,096
NET CURRENT LIABILITIES (122,280 ) (130,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,709

56,718

PROVISIONS FOR LIABILITIES 9,527 16,900
NET ASSETS 54,182 39,818

CAPITAL AND RESERVES
Called up share capital 1,999 1,999
Revaluation reserve 68,000 68,000
Retained earnings (15,817 ) (30,181 )
SHAREHOLDERS' FUNDS 54,182 39,818

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.

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 19 October 2023 and were signed on its behalf by:





A Lyons - Director


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
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 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 1 (2021 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 November 2021
and 31 October 2022 184,900 33,100 218,000
DEPRECIATION
At 1 November 2021 2,034 29,044 31,078
Charge for year 122 811 933
At 31 October 2022 2,156 29,855 32,011
NET BOOK VALUE
At 31 October 2022 182,744 3,245 185,989
At 31 October 2021 182,866 4,056 186,922

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 2,026 11,057
Other debtors 7,694 4,341
9,720 15,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 39,058 18,846
Trade creditors 2,200 18,838
Other creditors 128,642 142,412
169,900 180,096

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Bank overdrafts 39,058 18,846

The bank overdraft is secured by fixed and floating charge over the company's assets.