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REGISTERED NUMBER: 06470323 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WYVOLS COURT FARM LIMITED

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYVOLS COURT FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R R Waterer
Mrs C J Waterer





REGISTERED OFFICE: Wyvols Court Farm
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 06470323 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,189,340 1,180,389
Investment property 6 1,834,000 1,834,000
3,023,340 3,014,389

CURRENT ASSETS
Stocks 2,750 2,000
Debtors 7 238,522 233,414
Cash at bank 47,048 -
288,320 235,414
CREDITORS
Amounts falling due within one year 8 169,076 171,129
NET CURRENT ASSETS 119,244 64,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,142,584

3,078,674

CREDITORS
Amounts falling due after more than one
year

9

(43,498

)

(90,148

)

PROVISIONS FOR LIABILITIES (215,044 ) (215,044 )
NET ASSETS 2,884,042 2,773,482

CAPITAL AND RESERVES
Called up share capital 9,312 9,312
Share premium 1,492,888 1,492,888
Revaluation reserve 10 768,098 768,098
Retained earnings 613,744 503,184
2,884,042 2,773,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





R R Waterer - Director


WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Improvements to property - 5% on cost
Plant and machinery - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2023
and 31 March 2024 4,426
AMORTISATION
At 1 April 2023
and 31 March 2024 4,426
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 April 2023 1,123,072 66,845 115,397 1,305,314
Additions - - 24,500 24,500
Disposals - - (60,897 ) (60,897 )
At 31 March 2024 1,123,072 66,845 79,000 1,268,917
DEPRECIATION
At 1 April 2023 - 17,635 107,290 124,925
Charge for year - 3,342 7,269 10,611
Eliminated on disposal - - (55,959 ) (55,959 )
At 31 March 2024 - 20,977 58,600 79,577
NET BOOK VALUE
At 31 March 2024 1,123,072 45,868 20,400 1,189,340
At 31 March 2023 1,123,072 49,210 8,107 1,180,389

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,834,000
NET BOOK VALUE
At 31 March 2024 1,834,000
At 31 March 2023 1,834,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 69,916 267
Other debtors 168,606 233,147
238,522 233,414

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 45,981 45,148
Trade creditors 7,320 22,138
Taxation and social security 58,075 37,516
Other creditors 57,700 66,327
169,076 171,129

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 43,498 90,148

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 768,098

11. RELATED PARTY TRANSACTIONS

J H Waterer, a shareholder in Wyvols Court Farm Limited, owed £126,760 (2023: £190,000) to the company at the year end.

R A Waterer, a director and shareholder in Wyvols Court Farm Limited, was owed £10,000 (2023: £10,000) by the company at the year end.

The Estate of R D Waterer, a shareholder in Wyvols Court Farm Limited, owed £32,041 (2022: company owed £4,330) to the company at the year end.