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REGISTERED NUMBER: 13047004 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

WHISSENDINE FARMS LIMITED

WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)






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


WHISSENDINE FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Sir W L Adderley
Mr D L Wright
Mrs A L Whitcher





REGISTERED OFFICE: Two Marlborough Court
Watermead Business Park
Syston
Leicestershire
LE7 1AD





REGISTERED NUMBER: 13047004 (England and Wales)






WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £ £
FIXED ASSETS
Tangible assets 4 13,098,546 10,056,530

CURRENT ASSETS
Stocks 303,357 191,130
Debtors 5 73,034 393,750
Cash at bank 37,245 68,509
413,636 653,389
CREDITORS
Amounts falling due within one year 6 (15,012,730 ) (11,990,868 )
NET CURRENT LIABILITIES (14,599,094 ) (11,337,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,500,548

)

(1,280,949

)

PROVISIONS FOR LIABILITIES (379,603 ) (198,769 )
NET LIABILITIES (1,880,151 ) (1,479,718 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,880,152 ) (1,479,719 )
(1,880,151 ) (1,479,718 )

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.

WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)

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 24 December 2024 and were signed on its behalf by:





Mrs A L Whitcher - Director


WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)

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

1. STATUTORY INFORMATION

Whissendine 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.

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.

Significant judgements and estimates
The Directors are continually evaluating estimates and judgements based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition, seldom equal the related actual results.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Plant and machinery fixed assets includes biological assets which are accounted for under the fair value model. (2024: £1,585, 2023: £1,585)

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)

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

2. ACCOUNTING POLICIES - continued

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities
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 group after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Equity instruments
Equity instruments issued by the group are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)

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

2. ACCOUNTING POLICIES - continued

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.

Government grants
The company has adopted the accrual method of accounting for subsidies in accordance with Section 24 of FRS102. Grants relating to profit and loss items will be recognised as income on a systematic basis that matches them with the related costs that they are intended to compensate. Grants relating to depreciable assets will be recognised as income over the period, and in the proportions, in which depreciation on those assets is charged.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2023 9,421,825 733,128 10,154,953
Additions 2,703,397 452,886 3,156,283
At 30 June 2024 12,125,222 1,186,014 13,311,236
DEPRECIATION
At 1 July 2023 - 98,423 98,423
Charge for year - 114,267 114,267
At 30 June 2024 - 212,690 212,690
NET BOOK VALUE
At 30 June 2024 12,125,222 973,324 13,098,546
At 30 June 2023 9,421,825 634,705 10,056,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Trade debtors 1,587 4,372
Other debtors 71,447 389,378
73,034 393,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Hire purchase contracts - 30,955
Trade creditors 99,036 1,254,648
Amounts owed to group undertakings 14,600,054 10,700,000
Other creditors 313,640 5,265
15,012,730 11,990,868

7. CAPITAL COMMITMENTS
30/6/24 30/6/23
£ £
Contracted but not provided for in the
financial statements - 1,458,403

WHISSENDINE FARMS LIMITED (REGISTERED NUMBER: 13047004)

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

8. RELATED PARTY DISCLOSURES

The smallest and largest group in which the results of the Company are consolidated is that headed by W A Capital Limited. The consolidated financial statements of W A Capital Limited are available from its registered office, Two Marlborough Court, Watermead Business Park, Syston, Leicestershire, LE7 1AD.

The immediate and ultimate parent undertaking is W A Capital Limited, a company incorporated in England and Wales.