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REGISTERED NUMBER: 02842693 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Windwhistle Farms Limited

Windwhistle Farms Limited (Registered number: 02842693)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Windwhistle Farms Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr A D Cook
Mrs S A Cook
Mr D M Cook
Mr J A Cook





SECRETARY: Mrs S A Cook





REGISTERED OFFICE: Foxlea
Bryces Lane
Sherfield English
Romsey
Hampshire
SO51 6FX





REGISTERED NUMBER: 02842693 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Windwhistle Farms Limited (Registered number: 02842693)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,222,137 1,473,021
Investments 5 25 25
1,222,162 1,473,046

CURRENT ASSETS
Stocks 170,615 136,165
Debtors 6 306,594 358,291
Cash at bank 116,275 186,838
593,484 681,294
CREDITORS
Amounts falling due within one year 7 414,261 545,768
NET CURRENT ASSETS 179,223 135,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,401,385

1,608,572

CREDITORS
Amounts falling due after more than one
year

8

(44,284

)

(156,313

)

PROVISIONS FOR LIABILITIES 9 (209,551 ) (229,227 )
NET ASSETS 1,147,550 1,223,032

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,146,550 1,222,032
SHAREHOLDERS' FUNDS 1,147,550 1,223,032

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

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

Windwhistle Farms Limited (Registered number: 02842693)

Balance Sheet - continued
31 December 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 5 July 2024 and were signed on its behalf by:





Mr A D Cook - Director


Windwhistle Farms Limited (Registered number: 02842693)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Windwhistle 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 represents Basic Payment Scheme and net invoiced sales of goods and services excluding value added tax.

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.
Plant and machinery - 15% reducing balance basis and 15% on cost
Fixtures and fittings - 15% reducing balance basis and 10% reducing balance basis
Motor vehicles - 15% on cost
Computer equipment - 15% reducing balance basis

Stocks
Stock is valued at the lower of cost and net realisable value and in accordance with HS232.

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
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.

Windwhistle Farms Limited (Registered number: 02842693)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Capital grants
Capital grants are treated in accordance with the relevant accounting standards.

-The fixed asset is initially recorded at its full cost, ignoring the receipt of the grant, and depreciated over its useful economic life.

-The grant is recorded as deferred income and taken to income over the same period and on the same basis as the cost of the asset is depreciated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 111,610 2,357,651 58,505
Additions - 99,500 -
Disposals - (70,500 ) -
At 31 December 2023 111,610 2,386,651 58,505
DEPRECIATION
At 1 January 2023 - 1,013,145 49,585
Charge for year - 340,350 1,336
Eliminated on disposal - (63,450 ) -
At 31 December 2023 - 1,290,045 50,921
NET BOOK VALUE
At 31 December 2023 111,610 1,096,606 7,584
At 31 December 2022 111,610 1,344,506 8,920

Windwhistle Farms Limited (Registered number: 02842693)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 9,999 5,289 2,543,054
Additions - - 99,500
Disposals - - (70,500 )
At 31 December 2023 9,999 5,289 2,572,054
DEPRECIATION
At 1 January 2023 3,000 4,303 1,070,033
Charge for year 1,500 148 343,334
Eliminated on disposal - - (63,450 )
At 31 December 2023 4,500 4,451 1,349,917
NET BOOK VALUE
At 31 December 2023 5,499 838 1,222,137
At 31 December 2022 6,999 986 1,473,021

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 1,682,984
Reclassification/transfer (862,000 )
At 31 December 2023 820,984
DEPRECIATION
At 1 January 2023 604,123
Charge for year 137,187
Reclassification/transfer (309,900 )
At 31 December 2023 431,410
NET BOOK VALUE
At 31 December 2023 389,574
At 31 December 2022 1,078,861

Windwhistle Farms Limited (Registered number: 02842693)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 25
NET BOOK VALUE
At 31 December 2023 25
At 31 December 2022 25

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,340 31,665
A & S Cook 81,722 81,563
Directors' current accounts 16,800 -
VAT - 1,141
Prepayments 22,723 19,849
Accrued income 174,009 224,073
306,594 358,291

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,395 8,188
Hire purchase contracts 131,026 346,243
Trade creditors 10,072 3,726
Tax 9,054 -
Social security and other taxes 381 265
VAT 7,150 -
Other creditors 3,093 71
Directors' current accounts 43,887 996
Capital grant 2,382 2,382
Accrued expenses 198,821 183,897
414,261 545,768

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 8,607 8,395
Bank loans - 2-5 years 6,599 15,206
Hire purchase contracts 26,696 127,947
Capital grant 2,382 4,765
44,284 156,313

Windwhistle Farms Limited (Registered number: 02842693)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 209,551 229,227

Deferred
tax
£   
Balance at 1 January 2023 229,227
Accelerated capital allowances (47,575 )
Losses carried forward 27,899
Balance at 31 December 2023 209,551

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000

11. RELATED PARTY DISCLOSURES

Mr A Cook and Mrs S Cook
Directors and shareholders of the company

The grain store which is owned by Windwhistle Farms Limited is situated on land which was purchased by Mr and Mrs A Cook. The directors allow the company the right to use this land for the purpose of the trade and do not charge Windwhistle Farms Limited any rent on occupying this land.

As at 31 December 2023 the company owed Mrs S Cook £23,178 (2022: £601) by way of the balance outstanding on her directors loan account.

As at 31 December 2023 the company owed Mr A Cook £20,709 (2022: £395) by way of the balance outstanding on his directors loan account.

During the year dividends of £30,000 (2022: £34,500) were paid to the directors.

Mr J Cook
Director and shareholder

As at 31 December 2023 Mr J Cook owed the company £8,400 (2022: £nil) by way of the balance outstanding on his directors loan account. This was repaid after the year end via a dividend.

Mr D Cook
Director and shareholder

As at 31 December 2023 Mr D Cook owed the company £8,400 (2022: £nil) by way of the balance outstanding on his directors loan account. This was repaid after the year end via a dividend.

Windwhistle Farms Limited (Registered number: 02842693)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. ULTIMATE CONTROLLING PARTY

Throughout the period under review, the company was under the control of Mr. A Cook and Mrs. S Cook, who each own 50% of the issued share capital.