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REGISTERED NUMBER: 07561355 (England and Wales)






















Financial Statements

for the Period

1 March 2023 to 2 March 2024

for

Wharfe Valley Oils Limited

Previously known as
Sherwood Farming
Limited

Wharfe Valley Oils Limited (Registered number: 07561355)
previously known as
Sherwood Farming
Limited






Contents of the Financial Statements
for the Period 1 March 2023 to 2 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wharfe Valley Oils Limited
previously known as
Sherwood Farming
Limited

Company Information
for the Period 1 March 2023 to 2 March 2024







DIRECTORS: A E Hammond
J W Hammond





REGISTERED OFFICE: New Farm
Mansfield Road
Redhill
Nottingham
NG5 8PB





REGISTERED NUMBER: 07561355 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Wharfe Valley Oils Limited (Registered number: 07561355)
previously known as
Sherwood Farming
Limited

Balance Sheet
2 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 18,189 -
Cash at bank 6,065 150
24,254 150
CREDITORS
Amounts falling due within one year 5 23,763 -
NET CURRENT ASSETS 491 150
TOTAL ASSETS LESS CURRENT
LIABILITIES

491

150

CAPITAL AND RESERVES
Called up share capital 6 150 150
Retained earnings 341 -
SHAREHOLDERS' FUNDS 491 150

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 18 September 2024 and were signed on its behalf by:





A E Hammond - Director


Wharfe Valley Oils Limited (Registered number: 07561355)
previously known as
Sherwood Farming
Limited

Notes to the Financial Statements
for the Period 1 March 2023 to 2 March 2024

1. STATUTORY INFORMATION

Wharfe Valley Oils 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

Wharfe Valley Oils Limited (Registered number: 07561355)
previously known as
Sherwood Farming
Limited

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 2 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,189 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 23,683 -
Taxation and social security 80 -
23,763 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary £1 150 150

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

8. CONTROLLING PARTY

Grovetree Limited is the ultimate controlling party as Phoenix Speciality Oils Limited owns the share capital in Wharfe Valley Oils Limited. Phoenix Speciality Oils Limited is owned by Phoenix Farm Group Limited. Grovetree Limited has a controlling interest in Phoenix Farm Group Limited.

Grovetree Limited's registered office is New Farm, Redhill, Nottingham, Nottinghamshire, NG5 8PB.