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D & L J Wilson Farming Limited

Registered Number
11942483
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

D & L J Wilson Farming Limited
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

D Wilson
L J Wilson

Registered Address

Orchard Farm Wigsley Road
North Scarle
Lincoln
LN6 9HD

Registered Number

11942483 (England and Wales)
D & L J Wilson Farming Limited
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3423,536497,439
Investment property44,500,0004,500,000
4,923,5364,997,439
Current assets
Debtors510,0077,899
Cash at bank and on hand152,531145,932
162,538153,831
Creditors amounts falling due within one year6(258,327)(258,244)
Net current assets (liabilities)(95,789)(104,413)
Total assets less current liabilities4,827,7474,893,026
Creditors amounts falling due after one year7(1,579,008)(1,660,749)
Provisions for liabilities8(783,018)(633,098)
Net assets2,465,7212,599,179
Capital and reserves
Called up share capital200200
Profit and loss account2,465,5212,598,979
Shareholders' funds2,465,7212,599,179
The financial statements were approved and authorised for issue by the Board of Directors on 31 July 2024, and are signed on its behalf by:
D Wilson
Director
Registered Company No. 11942483
D & L J Wilson Farming Limited
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Vehicles15
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit and loss.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 May 23797,92068,48210,204876,606
Additions--832832
At 30 April 24797,92068,48211,036877,438
Depreciation and impairment
At 01 May 23361,82712,2385,102379,167
Charge for year65,4088,43789074,735
At 30 April 24427,23520,6755,992453,902
Net book value
At 30 April 24370,68547,8075,044423,536
At 30 April 23436,09356,2445,102497,439
4.Investment property
There has been no valuation of the investment property by an independent valuer, however the directors have reviewed the valuation of the property and feel the value in the accounts reflects the current fair value.

£
Fair value at 01 May 234,500,000
At 30 April 244,500,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,942-
Prepayments and accrued income8,0657,899
Total10,0077,899
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,6354,369
Bank borrowings and overdrafts134,015134,015
Taxation and social security66,25169,909
Other creditors184708
Accrued liabilities and deferred income49,24249,243
Total258,327258,244
The bank borrowings are a secured creditor.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,002,5751,102,043
Other creditors576,433558,706
Total1,579,0081,660,749
The bank borrowings are a secured creditor.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)783,018633,098
Total783,018633,098