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REGISTERED NUMBER: 10883977 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Walkhamwood Poultry Limited

Walkhamwood Poultry Limited (Registered number: 10883977)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Walkhamwood Poultry Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: S T Mottershead
Mrs S Mottershead
E Mottershead



REGISTERED OFFICE: Walkhamwood Farm
Faintree
Bridgnorth
Shropshire
WV16 6RQ



REGISTERED NUMBER: 10883977 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Lloyds Bank Plc
28 Regent Street
Wrexham
Clwyd
LL11 1SE

Walkhamwood Poultry Limited (Registered number: 10883977)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,149,619 3,295,008

CURRENT ASSETS
Inventories 224,914 28,508
Debtors 5 209,303 72,200
Cash at bank - 71,030
434,217 171,738
CREDITORS
Amounts falling due within one year 6 731,383 393,789
NET CURRENT LIABILITIES (297,166 ) (222,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,852,453

3,072,957

CREDITORS
Amounts falling due after more than
one year

7

(2,252,484

)

(2,576,548

)

PROVISIONS FOR LIABILITIES (91,700 ) (70,662 )
NET ASSETS 508,269 425,747

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 508,266 425,744
508,269 425,747

Walkhamwood Poultry Limited (Registered number: 10883977)

Statement of Financial Position - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





S T Mottershead - Director


Walkhamwood Poultry Limited (Registered number: 10883977)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Walkhamwood Poultry 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
Revenue 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.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures, fittings and equip ment - 20% on reducing balance

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

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation
Taxation for the year 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 statement of financial position date.


Walkhamwood Poultry Limited (Registered number: 10883977)

Notes to the Financial Statements - continued
for the year ended 30 April 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 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 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
fittings
Freehold Plant and and equip
property machinery ment Totals
£    £    £    £   
COST
At 1 May 2023 2,460,069 1,761,537 4,857 4,226,463
Additions - 11,114 443 11,557
At 30 April 2024 2,460,069 1,772,651 5,300 4,238,020
DEPRECIATION
At 1 May 2023 240,432 687,829 3,194 931,455
Charge for year 48,115 108,483 348 156,946
At 30 April 2024 288,547 796,312 3,542 1,088,401
NET BOOK VALUE
At 30 April 2024 2,171,522 976,339 1,758 3,149,619
At 30 April 2023 2,219,637 1,073,708 1,663 3,295,008

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,558 60,259
Other debtors 20,745 11,941
209,303 72,200

Walkhamwood Poultry Limited (Registered number: 10883977)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 414,809 314,960
Trade creditors 248,731 62,154
Taxation and social security 47,228 5,438
Other creditors 20,615 11,237
731,383 393,789

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,252,484 2,576,548

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 951,483 1,262,873

8. SECURED DEBTS

The bank loans and overdraft facility are secured by fixed and floating charges over the company's assets, which were entered into on 17.11.2017.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2023 - £30,000) were paid to the directors .

Included in creditors falling due within one year are amounts totalling £2,352 (2023 - £384) due to the directors of the company, these amounts are repayable on demand. During the period no interest was paid on the balance.