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REGISTERED NUMBER: 07075453 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Wood Farm Stud Ltd

Wood Farm Stud Ltd (by shares) (Registered number: 07075453)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2


Wood Farm Stud Ltd (by shares)

Company Information
for the Year Ended 30 November 2023







Director: P T Hemmings





Registered office: 10 The Southend
Ledbury
Herefordshire
HR8 2EY





Registered number: 07075453 (England and Wales)





Accountants: Crowthers Chartered Accountants
1 Ripple Court
Brockeridge Park
Tewkesbury
Gloucestershire
GL20 6FG

Wood Farm Stud Ltd (by shares) (Registered number: 07075453)

Balance Sheet
30 November 2023

2023 2022
£    £    £    £   
FIXED ASSETS 41,973 57,486

CURRENT ASSETS 242,679 275,853

PREPAYMENTS AND ACCRUED INCOME 1,233 778

CREDITORS
Amounts falling due within one year (1,679,107 ) (1,524,465 )
NET CURRENT LIABILITIES (1,435,195 ) (1,247,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,393,222

)

(1,190,348

)

CREDITORS
Amounts falling due after more than one
year

(416,638

)

(416,638

)

ACCRUALS AND DEFERRED INCOME (7,044 ) (1,591 )
NET LIABILITIES (1,816,904 ) (1,608,577 )

CAPITAL AND RESERVES (1,816,904 ) (1,608,577 )

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2022 - 2 ) .

2. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
P T Hemmings
Balance outstanding at start of year (1,518,454 ) (989,837 )
Amounts advanced 25,119 18,788
Amounts repaid (166,500 ) (547,405 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,659,835 ) (1,518,454 )

Wood Farm Stud Ltd (by shares) (Registered number: 07075453)

Balance Sheet - continued
30 November 2023

NOTES TO THE FINANCIAL STATEMENTS

3. GOING CONCERN

The financial statements have been prepared on a going concern basis as the directors intend to continue to support the company.

The directors believe the company is well placed to manage its financing and other business risks satisfactorily, and there is a reasonable expectation that the company will have adequate resources to continue in operation for at least 12 months. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

The financial statements do not include any adjustments that would result from the withdrawal of the directors support.



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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors the director and authorised for issue on 30 June 2024 and were signed by:





P T Hemmings - Director