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REGISTERED NUMBER: 00493859 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

C.W.PARKER (WAINFLEET) LIMITED

C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C.W.PARKER (WAINFLEET) LIMITED

Company Information
for the year ended 30 September 2024







Directors: Mrs A E Hickling
Mr C J Norwood





Secretary: Mrs B J McGivern





Registered office: The Farm Office Pinchbeck Farm, Sea Lane
Wainfleet St Mary
Skegness
Lincolnshire
PE24 4BA





Registered number: 00493859 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 10,522,603 10,746,301
Investments 5 35 35
10,522,638 10,746,336

Current assets
Stocks 6 406,049 751,572
Debtors 7 186,134 175,076
Cash at bank and in hand 121,241 3,652
713,424 930,300
Creditors
Amounts falling due within one year 8 488,936 710,373
Net current assets 224,488 219,927
Total assets less current liabilities 10,747,126 10,966,263

Creditors
Amounts falling due after more than one year 9 (3,940,869 ) (4,094,004 )

Provisions for liabilities (271,502 ) (288,057 )
Net assets 6,534,755 6,584,202

Capital and reserves
Called up share capital 11 5,001 5,001
Capital redemption reserve 12 4,999 4,999
Retained earnings 12 6,524,755 6,574,202
Shareholders' funds 6,534,755 6,584,202

C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

Balance Sheet - continued
30 September 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 5 March 2025 and were signed on its behalf by:





Mr C J Norwood - Director


C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

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


1. Statutory information

C.W.Parker (Wainfleet) 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.

Turnover
Income is recognised on the receipt of self- billing invoices received from customers in respect of crop sales and government schemes

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvement to buildings - 10% on cost
Office equipment - 20% on reducing balance
Motor vehicles and tractors - 25% on reducing balance
Holiday cottage fixtures and fittings - 20% on cost

Freehold property is not depreciated as the company maintain the buildings in good repair and to such an extent that in their opinion the residual value exceeds the prices prevailing at the dates of acquisition

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

The valuation is based on the cost of purchasing seed, fertilisers and sprays and cost of own labour. Any crops held in store are valued at deemed cost of production.

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.

C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

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


2. Accounting policies - continued

Pension costs
The company operates a funded defined benefit scheme, the costs of which are accounted for when paid.

The company have previously contributed to a directors personal pension, no such payments were made in the current or previous year, and no amounts remain unpaid.

In addition the company has introduced a compliant autoenrolment scheme open to all eligible employees.

Investment properties
Investment properties are recorded at cost and includes acquisition costs such as stamp duty and conveyancing costs and the capitalisation of own labour relating to the renovation of investment property.

Investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of investments are treated as part of the results from ordinary activities.

Single farm payment
The single farm payment is recognised in the financial statements in accordance with H M Revenue and Customs guidance.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 12 ) .

4. Tangible fixed assets
Improvement
Freehold to Plant and
property buildings machinery
£ £ £
Cost
At 1 October 2023 9,328,348 1,671,046 1,009,318
Additions - - 31,720
Disposals - - (23,265 )
At 30 September 2024 9,328,348 1,671,046 1,017,773
Depreciation
At 1 October 2023 - 1,276,977 755,476
Charge for year - 62,102 40,148
Eliminated on disposal - - (14,316 )
At 30 September 2024 - 1,339,079 781,308
Net book value
At 30 September 2024 9,328,348 331,967 236,465
At 30 September 2023 9,328,348 394,069 253,842

C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

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


4. Tangible fixed assets - continued

Holiday
Motor cottage
vehicles fixtures
Office and and
equipment tractors fittings Totals
£ £ £ £
Cost
At 1 October 2023 35,454 1,323,414 986,390 14,353,970
Additions - 12,007 - 43,727
Disposals - (160,286 ) - (183,551 )
At 30 September 2024 35,454 1,175,135 986,390 14,214,146
Depreciation
At 1 October 2023 32,260 880,816 662,140 3,607,669
Charge for year 547 111,126 38,347 252,270
Eliminated on disposal - (154,080 ) - (168,396 )
At 30 September 2024 32,807 837,862 700,487 3,691,543
Net book value
At 30 September 2024 2,647 337,273 285,903 10,522,603
At 30 September 2023 3,194 442,598 324,250 10,746,301

Included behind freehold property is investment property amounting to £253,963 (2022 £253,963) which is not depreciated. All such assets are included at cost price.

5. Fixed asset investments
Other
investments
£
Cost
At 1 October 2023
and 30 September 2024 35
Net book value
At 30 September 2024 35
At 30 September 2023 35

The market value of the unlisted investments are included at the Director's valuation.

6. Stocks
2024 2023
£ £
Valuation 406,049 751,572

C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

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


7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 140,477 114,003
VAT - 11,724
Prepayments 45,657 49,349
186,134 175,076

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 228,446 332,414
Trade creditors 183,287 299,660
Corporation tax 56,264 37,322
Social security and other taxes 11,539 10,977
VAT 9,400 -
Other creditors - 30,000
488,936 710,373

The bank loans due to be repaid within one year, have been secured by replacement loans which cover the full liability. Therefore there are no concerns regarding the Companies ability to repay the amounts falling due.

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 228,446 228,446
Bank loans - 2-5 years 545,861 640,109
Bank loans more 5 years 3,166,562 3,225,449
3,940,869 4,094,004

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 years 3,166,562 3,225,449

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft - 103,968
Bank loans 4,169,315 4,322,450
4,169,315 4,426,418

The bank overdraft and the bank loans are secured under the following conditions:
530 acres of land
420 acres of land at Wainfleet
463 acres of land at Bilsby Estate Bilsby
An unlimited debenture

C.W.PARKER (WAINFLEET) LIMITED (REGISTERED NUMBER: 00493859)

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


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
5,001 Ordinary £1 5,001 5,001

12. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 October 2023 6,574,202 4,999 6,579,201
Deficit for the year (49,447 ) (49,447 )
At 30 September 2024 6,524,755 4,999 6,529,754

13. Ultimate controlling party

The company was under the control of Mrs A E Hickling throughout the current and previous year.