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REGISTERED NUMBER: 00866809 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WOLVEY HALL FARM LIMITED

WOLVEY HALL FARM LIMITED (REGISTERED NUMBER: 00866809)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLVEY HALL FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Oliver Charles Freeman





SECRETARY: Oliver Charles Freeman





REGISTERED OFFICE: Wolvey Hall
Hall Lane
Wolvey
Leicestershire
LE10 3LG





REGISTERED NUMBER: 00866809 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

WOLVEY HALL FARM LIMITED (REGISTERED NUMBER: 00866809)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,119 104,156
Investment property 5 1,477,500 1,477,500
1,579,619 1,581,656

CURRENT ASSETS
Debtors 6 3,154 1,728
Cash at bank and in hand 6,175 1,823
9,329 3,551
CREDITORS
Amounts falling due within one year 7 76,654 63,248
NET CURRENT LIABILITIES (67,325 ) (59,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,512,294

1,521,959

CREDITORS
Amounts falling due after more than one
year

8

397,017

354,576
NET ASSETS 1,115,277 1,167,383

CAPITAL AND RESERVES
Called up share capital 19,002 19,002
Revaluation reserve 10 612,595 612,595
Retained earnings 483,680 535,786
SHAREHOLDERS' FUNDS 1,115,277 1,167,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WOLVEY HALL FARM LIMITED (REGISTERED NUMBER: 00866809)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 6 March 2025 and were signed by:





Oliver Charles Freeman - Director


WOLVEY HALL FARM LIMITED (REGISTERED NUMBER: 00866809)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Wolvey Hall Farm 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent from land and property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% reducing balance and / or 8% on cost
Machinery and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Freehold investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

WOLVEY HALL FARM LIMITED (REGISTERED NUMBER: 00866809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Machinery
Freehold and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024 131,475 17,648 11,747 160,870
Additions - - 4,500 4,500
Disposals - - (11,747 ) (11,747 )
At 31 December 2024 131,475 17,648 4,500 153,623
DEPRECIATION
At 1 January 2024 32,333 14,318 10,063 56,714
Charge for year 3,287 666 2,584 6,537
Eliminated on disposal - - (11,747 ) (11,747 )
At 31 December 2024 35,620 14,984 900 51,504
NET BOOK VALUE
At 31 December 2024 95,855 2,664 3,600 102,119
At 31 December 2023 99,142 3,330 1,684 104,156

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,477,500
NET BOOK VALUE
At 31 December 2024 1,477,500
At 31 December 2023 1,477,500

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2014 602,444
Valuation in 2018 261,859
Valuation in 2023 (22,500 )
Cost 635,697
1,477,500

WOLVEY HALL FARM LIMITED (REGISTERED NUMBER: 00866809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. INVESTMENT PROPERTY - continued

If freehold investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 635,697 635,697
Aggregate depreciation (67,654 ) (67,654 )

Freehold investment property was valued on an open market basis on 27 March 2024 by Centrick Valuation .

The entire property, including the non-investment property, was valued at £1,800,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,956 -
Other debtors 198 -
UK corporation tax - 1,728
3,154 1,728

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,328 10,366
Hire purchase contracts - 598
Social security and other taxes 2,310 1,358
Other creditors 26,109 31,597
Directors' loan accounts 40,907 19,329
76,654 63,248

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,279 11,168
Bank loans - 2-5 years 27,755 34,069
Bank loans more 5 yr by instal 360,983 308,899
Hire purchase contracts - 440
397,017 354,576

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 360,983 308,899

WOLVEY HALL FARM LIMITED (REGISTERED NUMBER: 00866809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 404,345 364,502

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 612,595

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Oliver Charles Freeman
Balance outstanding at start of year - 6,913
Amounts repaid - (6,913 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -