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REGISTERED NUMBER: 01147765 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

WESTWELL FARMS LIMITED

WESTWELL FARMS LIMITED (REGISTERED NUMBER: 01147765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTWELL FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: P S Curtis
Mrs J E Curtis
J W Curtis
C A Curtis





SECRETARY: Mrs J E Curtis





REGISTERED OFFICE: Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH





REGISTERED NUMBER: 01147765 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

WESTWELL FARMS LIMITED (REGISTERED NUMBER: 01147765)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 629,356 530,180

CURRENT ASSETS
Stocks 207,399 169,070
Debtors 5 191,035 275,359
Cash at bank 27,710 1,366
426,144 445,795
CREDITORS
Amounts falling due within one year 6 272,524 216,442
NET CURRENT ASSETS 153,620 229,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

782,976

759,533

CREDITORS
Amounts falling due after more than one
year

7

(665,700

)

(662,067

)

PROVISIONS FOR LIABILITIES (95,784 ) (90,866 )
NET ASSETS 21,492 6,600

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 19,492 4,600
21,492 6,600

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

WESTWELL FARMS LIMITED (REGISTERED NUMBER: 01147765)

BALANCE SHEET - continued
30TH 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 27th January 2025 and were signed on its behalf by:




P S Curtis - Director



Mrs J E Curtis - Director


WESTWELL FARMS LIMITED (REGISTERED NUMBER: 01147765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Westwell 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 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.
Plant and machinery etc - 25% on reducing balance and 10% 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

WESTWELL FARMS LIMITED (REGISTERED NUMBER: 01147765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 288,822 700,208 56,881 11,169 1,057,080
Additions 106,209 73,679 - - 179,888
Disposals - (24,695 ) - - (24,695 )
At 30th April 2024 395,031 749,192 56,881 11,169 1,212,273
DEPRECIATION
At 1st May 2023 187,620 329,030 2,561 7,689 526,900
Charge for year 9,148 43,024 13,580 348 66,100
Eliminated on disposal - (10,083 ) - - (10,083 )
At 30th April 2024 196,768 361,971 16,141 8,037 582,917
NET BOOK VALUE
At 30th April 2024 198,263 387,221 40,740 3,132 629,356
At 30th April 2023 101,202 371,178 54,320 3,480 530,180

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 13,066 27,896
Other debtors 60,209 102,703
73,275 130,599

Amounts falling due after more than one year:
Other debtors 117,760 144,760

Aggregate amounts 191,035 275,359

WESTWELL FARMS LIMITED (REGISTERED NUMBER: 01147765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 167,140 43,252
Hire purchase contracts 51,326 53,659
Trade creditors 6,014 53,842
Taxation and social security 2,721 8,974
Other creditors 45,323 56,715
272,524 216,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 243,237 273,564
Hire purchase contracts 150,463 159,503
Other creditors 272,000 229,000
665,700 662,067

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other creditors 272,000 229,000

8. DIRECTORS' ADVANCES

The directors' loan account balance is reporting a debit balance, which will be repaid in full within 9 months of the year end date. The loan is currently interest free and repayable upon demand.

The directors' loan account balance was reporting a credit balance during the previous year.

9. RELATED PARTY DISCLOSURES

Other creditors includes an amount of £272,000 in respect of amounts due to P S Curtis (2014) Limited, which is related through common ownership. The amount is unsecured, interest free and payable on demand.

Mr J W Curtis and Mr C A Curtis were appointed as directors on 24th October 2023. Other debtors includes an amount of £144,761 in respect of amounts due from Westwell Downs Shepherds Huts Limited.

Mr J W Curtis and Mr C A Curtis are directors of Westwell Downs Shepherd Huts Limited.

The amount is unsecured, interest free and payable on demand.