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REGISTERED NUMBER: 00928481 (England and Wales)















W. H. STRAWSON (FARMS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






W. H. STRAWSON (FARMS) LIMITED (REGISTERED NUMBER: 00928481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


W. H. STRAWSON (FARMS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: W R Strawson
A C Severn
Mrs P J Strawson



REGISTERED OFFICE: Broughton Grange
Wressle
Brigg
North Lincolnshire
DN20 0BJ



REGISTERED NUMBER: 00928481 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: National Westminster Bank Plc
21 The Square
Retford
Nottinghamshire
DN22 6DL

W. H. STRAWSON (FARMS) LIMITED (REGISTERED NUMBER: 00928481)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,161,709 7,972,831

CURRENT ASSETS
Valuation 649,249 846,968
Debtors 5 624,029 307,084
Investments 6 148,962 135,119
Cash at bank 999,856 877,542
2,422,096 2,166,713
CREDITORS
Amounts falling due within one year 7 287,704 388,744
NET CURRENT ASSETS 2,134,392 1,777,969
TOTAL ASSETS LESS CURRENT LIABILITIES 10,296,101 9,750,800

CREDITORS
Amounts falling due after more than one year 8 (7,173,979 ) (7,163,175 )

PROVISIONS FOR LIABILITIES (382,464 ) (302,508 )
NET ASSETS 2,739,658 2,285,117

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Retained earnings 2,734,658 2,280,117
SHAREHOLDERS' FUNDS 2,739,658 2,285,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 12 November 2024 and were signed on its behalf by:



W R Strawson - Director


W. H. STRAWSON (FARMS) LIMITED (REGISTERED NUMBER: 00928481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

W. H. Strawson (Farms) 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 represents the fair value of net invoiced sales of produce and contract work, excluding value added tax. Sales of produce are recognised upon despatch. Contract work is recognised in the period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 4% on cost and Nil
Plant and machinery etc - 20-25% on reducing balance and 33% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Stocks
Stock represents the farm valuation which has been prepared by an independent valuer at the lower of cost and fair value.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

W. H. STRAWSON (FARMS) LIMITED (REGISTERED NUMBER: 00928481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2023 6,822,969 3,141,972 9,964,941
Additions - 1,075,889 1,075,889
Disposals (125,217 ) (615,589 ) (740,806 )
At 5 April 2024 6,697,752 3,602,272 10,300,024
DEPRECIATION
At 6 April 2023 71,009 1,921,101 1,992,110
Charge for year 5,079 390,405 395,484
Eliminated on disposal - (249,279 ) (249,279 )
At 5 April 2024 76,088 2,062,227 2,138,315
NET BOOK VALUE
At 5 April 2024 6,621,664 1,540,045 8,161,709
At 5 April 2023 6,751,960 1,220,871 7,972,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 159,357 126,720
Other debtors 89,062 34,595
Prepayments and accrued income 375,610 145,769
624,029 307,084

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 148,960 135,117
Unlisted investments 2 2
148,962 135,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 76,483 64,242
Trade creditors 112,736 169,042
Tax 21,748 30,228
Social security and other taxes 6,715 870
Other creditors 61,070 115,915
Accruals and deferred income 8,952 8,447
287,704 388,744

W. H. STRAWSON (FARMS) LIMITED (REGISTERED NUMBER: 00928481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 76,333 64,166
Amounts owed to group undertakings 6,925,146 6,926,509
Directors' loan accounts 172,500 172,500
7,173,979 7,163,175

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 152,816 128,408

Hire purchase liabilities are secured against the asset to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000