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REGISTERED NUMBER: 05992353 (England and Wales)











WINCHELSEA FARM FOODS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2024






WINCHELSEA FARM FOODS LIMITED (REGISTERED NUMBER: 05992353)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WINCHELSEA FARM FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5TH APRIL 2024







DIRECTORS: Mr S J R Rumsey
Mrs A C E Rumsey





REGISTERED OFFICE: Elms Farm
Pett Lane
Icklesham
East Sussex
TN36 4AH





REGISTERED NUMBER: 05992353 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

WINCHELSEA FARM FOODS LIMITED (REGISTERED NUMBER: 05992353)

BALANCE SHEET
5TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,243 51,808

CURRENT ASSETS
Stocks 9,268 9,640
Debtors 5 924 2,967
Cash at bank and in hand 5,033 6,384
15,225 18,991
CREDITORS
Amounts falling due within one year 6 32,974 26,697
NET CURRENT LIABILITIES (17,749 ) (7,706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,494

44,102

CREDITORS
Amounts falling due after more than
one year

7

6,443,205

6,311,551
NET LIABILITIES (6,418,711 ) (6,267,449 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (6,418,713 ) (6,267,451 )
SHAREHOLDERS' FUNDS (6,418,711 ) (6,267,449 )

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

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

WINCHELSEA FARM FOODS LIMITED (REGISTERED NUMBER: 05992353)

BALANCE SHEET - continued
5TH APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd January 2025 and were signed on its behalf by:





Mr S J R Rumsey - Director


WINCHELSEA FARM FOODS LIMITED (REGISTERED NUMBER: 05992353)

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


1. STATUTORY INFORMATION

Winchelsea Farm Foods 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe it is appropriate to prepare the financial statements on a going concern basis as the company will continue in operational existence for the foreseeable future and is anticipated to return profits in future years. In the meantime the company will be financially supported by its parent company, which is a charity. In order to protect the interests of the charity, one of the directors has provided a personal guarantee to the company and further funding is supplied by one of the directors when required.

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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 50% on reducing balance and 15% on reducing balance
Fixtures and fittings - 50% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Deferred tax
No provision in respect of Corporation tax or deferred tax has been made as the company is a trading subsidiary of a charitable undertaking. The company has the intention to covenant its taxable profits to its parent undertaking.

3. EMPLOYEES AND DIRECTORS

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

WINCHELSEA FARM FOODS LIMITED (REGISTERED NUMBER: 05992353)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 6th April 2023 375,134 95,158 56,168 14,096 540,556
Additions - 150 - - 150
At 5th April 2024 375,134 95,308 56,168 14,096 540,706
DEPRECIATION
At 6th April 2023 337,882 84,664 52,524 13,678 488,748
Charge for year 7,450 1,609 552 104 9,715
At 5th April 2024 345,332 86,273 53,076 13,782 498,463
NET BOOK VALUE
At 5th April 2024 29,802 9,035 3,092 314 42,243
At 5th April 2023 37,252 10,494 3,644 418 51,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68 452
Other debtors 856 2,515
924 2,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,242 19,346
Taxation and social security 2,720 2,196
Other creditors 4,012 5,155
32,974 26,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,177,467 2,046,665
Other creditors 4,265,738 4,264,886
6,443,205 6,311,551

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

WINCHELSEA FARM FOODS LIMITED (REGISTERED NUMBER: 05992353)

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


9. RELATED PARTY DISCLOSURES

The following transactions occurred in the year in connection with related parties:

There was a loan due to The Wetland Trust, the company's immediate parent undertaking, of £2,177,467 (2023: £2,046,665). The directors, Mr S J R Rumsey and Mrs A Rumsey are trustees of The Wetland Trust. The loan was made on an arms length basis and interest is charged at commercial rates. This loan is repayable on demand but the parent undertaking has indicated its willingness to defer any repayment of this loan until after more than one year. The director Mr S J R Rumsey has given a personal guarantee in support of the full amount of the loan owed to The Wetland Trust.

There was a loan due to Mr S J R Rumsey, a director of the company of £4,265,738 (2023:£4,264,885) This loan is repayable on demand but the director has indicated his willingness to defer any repayment of this loan until after more than one year. The loan is interest free.

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the board of trustees of The Wetland Trust, a UK registered charity, of which Mr S J R Rumsey and Mrs A C E Rumsey are members.