Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-303The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-12-01falseGrowing of cereals (except rice), leguminous crops and oil seeds1truetruefalse 01593589 2022-12-01 2023-11-30 01593589 2021-12-01 2022-11-30 01593589 2023-11-30 01593589 2022-11-30 01593589 2021-12-01 01593589 c:Director1 2022-12-01 2023-11-30 01593589 d:Buildings 2022-12-01 2023-11-30 01593589 d:Buildings 2023-11-30 01593589 d:Buildings 2022-11-30 01593589 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 01593589 d:PlantMachinery 2022-12-01 2023-11-30 01593589 d:PlantMachinery 2023-11-30 01593589 d:PlantMachinery 2022-11-30 01593589 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 01593589 d:MotorVehicles 2022-12-01 2023-11-30 01593589 d:MotorVehicles 2023-11-30 01593589 d:MotorVehicles 2022-11-30 01593589 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 01593589 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 01593589 d:Goodwill 2022-12-01 2023-11-30 01593589 d:Goodwill 2023-11-30 01593589 d:Goodwill 2022-11-30 01593589 d:CurrentFinancialInstruments 2023-11-30 01593589 d:CurrentFinancialInstruments 2022-11-30 01593589 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 01593589 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 01593589 d:ShareCapital 2023-11-30 01593589 d:ShareCapital 2022-11-30 01593589 d:ShareCapital 2021-12-01 01593589 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2023-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2022-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2021-12-01 01593589 c:OrdinaryShareClass1 2022-12-01 2023-11-30 01593589 c:OrdinaryShareClass1 2023-11-30 01593589 c:OrdinaryShareClass1 2022-11-30 01593589 c:OrdinaryShareClass2 2022-12-01 2023-11-30 01593589 c:OrdinaryShareClass2 2023-11-30 01593589 c:OrdinaryShareClass2 2022-11-30 01593589 c:OrdinaryShareClass3 2022-12-01 2023-11-30 01593589 c:OrdinaryShareClass3 2023-11-30 01593589 c:OrdinaryShareClass3 2022-11-30 01593589 c:FRS102 2022-12-01 2023-11-30 01593589 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 01593589 c:FullAccounts 2022-12-01 2023-11-30 01593589 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01593589 6 2022-12-01 2023-11-30 01593589 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 01593589 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 01593589 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 01593589 d:TaxLossesCarry-forwardsDeferredTax 2022-11-30 01593589 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01593589










N & A WALKER LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
N & A WALKER LIMITED
REGISTERED NUMBER: 01593589

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
1

Tangible assets
 5 
57,260
47,706

Investments
 6 
2,329,403
2,320,749

  
2,386,663
2,368,456

Current assets
  

Stocks
 7 
166,871
323,242

Debtors
 8 
61,148
80,008

Cash at bank and in hand
  
305,843
267,191

  
533,862
670,441

Creditors: amounts falling due within one year
 9 
(161,626)
(245,607)

Net current assets
  
 
 
372,236
 
 
424,834

Total assets less current liabilities
  
2,758,899
2,793,290

Provisions for liabilities
  

Deferred tax
 10 
(25,782)
(33,047)

  
 
 
(25,782)
 
 
(33,047)

Net assets
  
2,733,117
2,760,243


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,733,017
2,760,143

  
2,733,117
2,760,243


Page 1

 
N & A WALKER LIMITED
REGISTERED NUMBER: 01593589

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2024.




N C Walker
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
N & A WALKER LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2022
100
2,760,143
2,760,243



Profit for the year
-
17,674
17,674

Dividends: Equity capital
-
(44,800)
(44,800)


At 30 November 2023
100
2,733,017
2,733,117


The notes on pages 4 to 12 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2021
100
2,687,842
2,687,942



Profit for the year
-
104,780
104,780

Dividends: Equity capital
-
(32,479)
(32,479)


At 30 November 2022
100
2,760,143
2,760,243


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

N & A Walker Limited is a private company limited by share capital and incorporated in England and Wales.
The registered office and principal place of business is Westfield Farm, Lambourn Road, East Garston, Hungerford, Berkshire, RG17 7HD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 4

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold land and buildings
-
10%
straight line
Equipment
-
15%
reducing balance
Motor vehicles and tractors
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable properties.  No depreciation is provided.  Changes in fair value are recognised in the Statement of Comprehensive Income account.

 
2.8

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in ordinary shares.

Page 6

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a normal farming practice basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.11

Biological assets

Tillages are recognised as biological assets and are accounted for under the cost model in accordance with FRS 102. No depreciation is charged as tillages are considered to have a useful economical life of less than 1 year.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 3).

Page 8

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Basic Payment Scheme

£





At 1 December 2022
31,632


Disposals
(31,632)



At 30 November 2023

-





At 1 December 2022
31,631


On disposals
(31,631)



At 30 November 2023

-



Net book value



At 30 November 2023
-



At 30 November 2022
1



Page 9

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Freehold land and buildings
Equipment
Motor vehicles and tractors
 Total

£
£
£
£



Cost or valuation


At 1 December 2022
390,621
23,110
45,001
458,732


Additions
9,550
16,295
1,000
26,845


Disposals
-
(21,860)
(2,750)
(24,610)



At 30 November 2023

400,171
17,545
43,251
460,967



Depreciation


At 1 December 2022
372,549
16,982
21,495
411,026


Charge for the year on owned assets
5,771
383
5,877
12,031


Disposals
-
(16,601)
(2,750)
(19,351)



At 30 November 2023

378,320
764
24,622
403,706



Net book value



At 30 November 2023
21,851
16,781
18,629
57,261



At 30 November 2022
18,072
6,128
23,506
47,706


6.


Fixed asset investments





Listed investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 December 2022
872,250
1,448,500
2,320,750


Additions
75,264
-
75,264


Disposals
(44,425)
-
(44,425)


Revaluations
(22,190)
-
(22,190)



At 30 November 2023
880,899
1,448,500
2,329,399




Page 10

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Stocks

2023
2022
£
£

Stocks
141,522
299,443

Biological assets
25,349
23,799

166,871
323,242



8.


Debtors

2023
2022
£
£



Trade debtors
5,546
6,568

Prepayments and accrued income
49,637
69,997

Tax recoverable
5,965
3,443

61,148
80,008



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
72,450

Accruals and deferred income
54,412
43,441

Corporation tax
3,195
48,832

Directors' loan account
104,019
80,884

161,626
245,607


Page 11

 
N & A WALKER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Deferred taxation




2023


£






At beginning of year
(33,047)


Charged to the profit or loss
7,265



At end of year
(25,782)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(6,500)
(7,677)

Capital gains
(19,282)
(25,370)

(25,782)
(33,047)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



77 (2022 - 77) A Ordinary shares of £1 each
77
77
13 (2022 - 13) B Ordinary shares of £1 each
13
13
10 (2022 - 10) C Ordinary shares of £1 each
10
10

100

100



Page 12