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REGISTERED NUMBER: 02129264 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

WHITEWATER POTATOES LIMITED

WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEWATER POTATOES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: R G Janaway
A J L Janaway
G G Janaway
D P Janaway





SECRETARY: R G Janaway





REGISTERED OFFICE: Lodge Farm
North Warnborough
Hook
Hampshire
RG29 1HA





REGISTERED NUMBER: 02129264 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,880,798 9,238,477

CURRENT ASSETS
Stocks 2,678,512 2,147,145
Debtors 5 1,921,593 2,415,861
Investments 6 77 77
Cash at bank and in hand 871,024 669,021
5,471,206 5,232,104
CREDITORS
Amounts falling due within one year 7 1,951,594 1,903,274
NET CURRENT ASSETS 3,519,612 3,328,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,400,410

12,567,307

CREDITORS
Amounts falling due after more than one year 8 (1,823,741 ) (2,081,957 )

PROVISIONS FOR LIABILITIES (324,846 ) (309,399 )
NET ASSETS 10,251,823 10,175,951

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 10 1,533,484 1,533,484
Retained earnings 8,693,339 8,617,467
SHAREHOLDERS' FUNDS 10,251,823 10,175,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

BALANCE SHEET - continued
30TH JUNE 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 2nd April 2024 and were signed on its behalf by:





R G Janaway - Director


WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Whitewater Potatoes 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost and nil
Plant and machinery - 25% on cost and 15% on cost
Motor vehicles - 25% on cost
Tractors & combines - 25% on cost

No depreciation is charged on freehold property other than improvements as in the opinion of the directors any depreciation charge would be immaterial. The directors undertake an annual review of the freehold properties and any permanent impairment is recognised.

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.

WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Investments
Unlisted investments are measured at fair value where the fair value can be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 42 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment
£    £    £   
COST
At 1st July 2022 8,115,002 5,940,864 14,132
Additions 2,150 381,016 5,713
Disposals - (15,200 ) -
At 30th June 2023 8,117,152 6,306,680 19,845
DEPRECIATION
At 1st July 2022 872,636 4,625,893 5,074
Charge for year 51,209 448,017 2,763
Eliminated on disposal - (317 ) -
At 30th June 2023 923,845 5,073,593 7,837
NET BOOK VALUE
At 30th June 2023 7,193,307 1,233,087 12,008
At 30th June 2022 7,242,366 1,314,971 9,058

WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Tractors
vehicles & combines Totals
£    £    £   
COST
At 1st July 2022 17,249 1,426,413 15,513,660
Additions - 13,255 402,134
Disposals (15,999 ) - (31,199 )
At 30th June 2023 1,250 1,439,668 15,884,595
DEPRECIATION
At 1st July 2022 17,249 754,331 6,275,183
Charge for year - 242,941 744,930
Eliminated on disposal (15,999 ) - (16,316 )
At 30th June 2023 1,250 997,272 7,003,797
NET BOOK VALUE
At 30th June 2023 - 442,396 8,880,798
At 30th June 2022 - 672,082 9,238,477

Included in cost of land and buildings is freehold land of £ 4,152,591 (2022 - £ 4,152,591 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tractors
& combines
£   
COST
At 1st July 2022
and 30th June 2023 846,800
DEPRECIATION
At 1st July 2022 218,067
Charge for year 211,700
At 30th June 2023 429,767
NET BOOK VALUE
At 30th June 2023 417,033
At 30th June 2022 628,733

WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 144,750 945,788
Other debtors 1,776,843 1,470,073
1,921,593 2,415,861

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 77 77

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 187,038 205,228
Hire purchase contracts 85,608 86,077
Trade creditors 1,194,498 1,105,621
Taxation and social security 117,162 64,426
Other creditors 367,288 441,922
1,951,594 1,903,274

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,823,741 1,996,274
Hire purchase contracts - 85,683
1,823,741 2,081,957

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years 1,148,624 1,213,463

WHITEWATER POTATOES LIMITED (REGISTERED NUMBER: 02129264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,010,779 2,201,502

The bank loans are secured by a legal charge over specific properties and land owned by the company.

10. RESERVES
Revaluation
reserve
£   
At 1st July 2022
and 30th June 2023 1,533,484