Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Michael John Huzzey 29/06/2004 Vivien Angela Huzzey 08/06/2004 13 January 2025 The principal activity of the company is farming within the United Kingdom. 05147837 2024-09-30 05147837 bus:Director1 2024-09-30 05147837 bus:Director2 2024-09-30 05147837 2023-09-30 05147837 core:CurrentFinancialInstruments 2024-09-30 05147837 core:CurrentFinancialInstruments 2023-09-30 05147837 core:ShareCapital 2024-09-30 05147837 core:ShareCapital 2023-09-30 05147837 core:RetainedEarningsAccumulatedLosses 2024-09-30 05147837 core:RetainedEarningsAccumulatedLosses 2023-09-30 05147837 core:LandBuildings 2023-09-30 05147837 core:PlantMachinery 2023-09-30 05147837 core:Vehicles 2023-09-30 05147837 core:LandBuildings 2024-09-30 05147837 core:PlantMachinery 2024-09-30 05147837 core:Vehicles 2024-09-30 05147837 5 2024-09-30 05147837 5 2023-09-30 05147837 2023-10-01 2024-09-30 05147837 bus:FilletedAccounts 2023-10-01 2024-09-30 05147837 bus:SmallEntities 2023-10-01 2024-09-30 05147837 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05147837 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05147837 bus:Director1 2023-10-01 2024-09-30 05147837 bus:Director2 2023-10-01 2024-09-30 05147837 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 05147837 core:Vehicles 2023-10-01 2024-09-30 05147837 2022-10-01 2023-09-30 05147837 core:LandBuildings 2023-10-01 2024-09-30 05147837 core:PlantMachinery 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 05147837 (England and Wales)

WPF ALDERHOLT LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

WPF ALDERHOLT LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

WPF ALDERHOLT LIMITED

BALANCE SHEET

As at 30 September 2024
WPF ALDERHOLT LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 403,024 439,051
403,024 439,051
Current assets
Stocks 4 126,011 356,530
Debtors 5 128,597 87,424
Cash at bank and in hand 1,220,415 812,860
1,475,023 1,256,814
Creditors: amounts falling due within one year 6 ( 122,547) ( 166,726)
Net current assets 1,352,476 1,090,088
Total assets less current liabilities 1,755,500 1,529,139
Provision for liabilities ( 20,264) ( 28,188)
Net assets 1,735,236 1,500,951
Capital and reserves
Called-up share capital 111 111
Profit and loss account 1,735,125 1,500,840
Total shareholders' funds 1,735,236 1,500,951

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of WPF Alderholt Limited (registered number: 05147837) were approved and authorised for issue by the Board of Directors on 13 January 2025. They were signed on its behalf by:

Vivien Angela Huzzey
Director
WPF ALDERHOLT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
WPF ALDERHOLT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

WPF Alderholt Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts after eliminating sales within the company.

The company recognises revenue when:
- the amount of revenue can be reliably measured
- it is probable that future economic benefits will flow to the entity
- and specific criteria have been met for each of the company's activities

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line & reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 4 years straight line
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell, the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 October 2023 325,824 139,359 218,312 683,495
Additions 0 5,050 0 5,050
Disposals 0 ( 35,132) ( 12,500) ( 47,632)
At 30 September 2024 325,824 109,277 205,812 640,913
Accumulated depreciation
At 01 October 2023 0 101,753 142,691 244,444
Charge for the financial year 0 18,871 18,906 37,777
Disposals 0 ( 31,832) ( 12,500) ( 44,332)
At 30 September 2024 0 88,792 149,097 237,889
Net book value
At 30 September 2024 325,824 20,485 56,715 403,024
At 30 September 2023 325,824 37,606 75,621 439,051

Included within the net book value of land and buildings above is £323,900 (2023 - £323,900) in respect of freehold land and buildings.

4. Stocks

2024 2023
£ £
Stocks 112,947 95,775
Livestock 13,064 260,755
126,011 356,530

5. Debtors

2024 2023
£ £
Trade debtors 29,362 71,266
Other debtors 99,235 16,158
128,597 87,424

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 37,828 55,743
Amounts owed to directors 16,151 16,139
Accruals and deferred income 14,636 13,051
Taxation and social security 53,932 80,637
Other creditors 0 1,156
122,547 166,726