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REGISTERED NUMBER: 11400602 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 January 2024

for

Writtle Farm Limited

Writtle Farm Limited (Registered number: 11400602)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Writtle Farm Limited

Company Information
For The Year Ended 31 January 2024







DIRECTOR: Mr J A J Redding





REGISTERED OFFICE: Top Brandocks Farm
Greenbury Way
Writtle
Chelmsford
Essex
CM1 3FE





REGISTERED NUMBER: 11400602 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Writtle Farm Limited (Registered number: 11400602)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,105,126 4,105,126

CURRENT ASSETS
Debtors 5 99 2,274
Cash at bank 993 672
1,092 2,946
CREDITORS
Amounts falling due within one year 6 1,894,376 1,879,605
NET CURRENT LIABILITIES (1,893,284 ) (1,876,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,211,842

2,228,467

CREDITORS
Amounts falling due after more than one
year

7

2,183,187

2,260,402
NET ASSETS/(LIABILITIES) 28,655 (31,935 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 28,555 (32,035 )
SHAREHOLDERS' FUNDS 28,655 (31,935 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 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 director and authorised for issue on 22 August 2024 and were signed by:





Mr J A J Redding - Director


Writtle Farm Limited (Registered number: 11400602)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Writtle 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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

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 - not depreciated

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, 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.

Creditors
Short term creditors are measured at the transaction price.


Writtle Farm Limited (Registered number: 11400602)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2023
and 31 January 2024 4,105,126
NET BOOK VALUE
At 31 January 2024 4,105,126
At 31 January 2023 4,105,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 99 2,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 81,164 83,061
Trade creditors - 1
Taxation and social security 16,669 -
Other creditors 1,796,543 1,796,543
1,894,376 1,879,605

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 2,183,187 2,260,402

Writtle Farm Limited (Registered number: 11400602)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after
more than five years 1,823,668 1,899,784
1,823,668 1,899,784

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 81,164 83,061

Amounts falling due between one and two years:
Bank loans - 1-2 years 84,707 85,806

Amounts falling due between two and five years:
Bank loans - 2-5 years 274,812 274,812

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after
more than five years 1,823,668 1,899,784
1,823,668 1,899,784

The bank loan is repayable by instalments over a period of 25 years at an interest rate of 3.305%.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,264,351 2,343,463

The bank loan is secured by a fixed and floating charge over the land.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 £1 100 100