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REGISTERED NUMBER: 02451215 (England and Wales)















WARREN FARM (POWYS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






WARREN FARM (POWYS) LIMITED (REGISTERED NUMBER: 02451215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARREN FARM (POWYS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs E P Parry
Mrs A Evans
Mrs F J Hatfield
Mrs G L Parry





SECRETARY: Mrs E P Parry





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 3DQ





REGISTERED NUMBER: 02451215 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

WARREN FARM (POWYS) LIMITED (REGISTERED NUMBER: 02451215)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,824,606 2,996,853

CURRENT ASSETS
Stocks - 17,560
Debtors 5 65,670 398,131
Investments 6 154 144
Cash at bank 1,345,907 1,236,693
1,411,731 1,652,528
CREDITORS
Amounts falling due within one year 7 2,500,076 2,908,408
NET CURRENT LIABILITIES (1,088,345 ) (1,255,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,736,261

1,740,973

PROVISIONS FOR LIABILITIES 172,310 171,180
NET ASSETS 1,563,951 1,569,793

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 1,563,949 1,569,791
SHAREHOLDERS' FUNDS 1,563,951 1,569,793

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

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

WARREN FARM (POWYS) LIMITED (REGISTERED NUMBER: 02451215)

BALANCE SHEET - continued
30 JUNE 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 25 March 2025 and were signed on its behalf by:





Mrs E P Parry - Director


WARREN FARM (POWYS) LIMITED (REGISTERED NUMBER: 02451215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Warren Farm (Powys) 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.
Freehold property - 10% on cost and 2% on cost
Anaerobic digester - 5% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% 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.

WARREN FARM (POWYS) LIMITED (REGISTERED NUMBER: 02451215)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Anaerobic and Motor
property digester fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 1,336,295 2,714,481 1,801,160 12,500 5,864,436
Additions 14,045 - 61,408 - 75,453
Disposals - - (4,960 ) (12,500 ) (17,460 )
At 30 June 2024 1,350,340 2,714,481 1,857,608 - 5,922,429
DEPRECIATION
At 1 July 2023 671,472 1,045,459 1,140,381 10,271 2,867,583
Charge for year 33,677 135,858 71,807 - 241,342
Eliminated on disposal - - (831 ) (10,271 ) (11,102 )
At 30 June 2024 705,149 1,181,317 1,211,357 - 3,097,823
NET BOOK VALUE
At 30 June 2024 645,191 1,533,164 646,251 - 2,824,606
At 30 June 2023 664,823 1,669,022 660,779 2,229 2,996,853

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,415 352,960
Amounts owed by participating interests 5,830 -
VAT - 23,410
Prepayments and accrued income 5,425 21,761
65,670 398,131

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 154 144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,200 43,114
Amounts owed to participating interests 2,492,797 2,686,670
Tax - 144,588
VAT 48 -
Directors' current accounts 2,990 15,283
Accruals and deferred income 3,041 18,753
2,500,076 2,908,408

WARREN FARM (POWYS) LIMITED (REGISTERED NUMBER: 02451215)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 July 2023 1,569,791
Deficit for the year (5,842 )
At 30 June 2024 1,563,949

10. RELATED PARTY DISCLOSURES

Mrs E P Parry, Mrs A Evans, Mrs F J Hadfield and Mrs G L Parry are directors or shareholders of:
D J and M Parry Limited
Stud Farm (Powys) Limited
Nantycordy Farm (Powys) Limited


The company has sold goods and services to the value of:20242023
To:
D J and M Parry Limited--
Stud Farm (Powys) Limited-840
Nantycordy Farm (Powys) Limited--


The company has received goods and services to the value of:
From:
D J and M Parry Limited-10,000
Stud Farm (Powys) Limited-187,003
Nantycordy Farm (Powys) Limited-33,951
D O and Mrs E P Parry-13,905