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REGISTERED NUMBER: 00492195 (England and Wales)















STONTON WYVILLE FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


STONTON WYVILLE FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mrs K L Summers
M Summers





SECRETARY: Mrs K L Summers





REGISTERED OFFICE: Fox and Hounds Farm
Stonton Wyville
Market Harborough
Leicestershire
LE16 7UG





REGISTERED NUMBER: 00492195 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,653 23,173
Tangible assets 5 87,936 90,268
108,589 113,441

CURRENT ASSETS
Valuation 46,625 85,759
Debtors 6 97,784 80,715
144,409 166,474
CREDITORS
Amounts falling due within one year 7 385,269 347,060
NET CURRENT LIABILITIES (240,860 ) (180,586 )
TOTAL ASSETS LESS CURRENT LIABILITIES (132,271 ) (67,145 )

CREDITORS
Amounts falling due after more than one year 8 65,617 90,220
NET LIABILITIES (197,888 ) (157,365 )

CAPITAL AND RESERVES
Called up share capital 10 12,000 12,000
Retained earnings (209,888 ) (169,365 )
SHAREHOLDERS' FUNDS (197,888 ) (157,365 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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.

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 3 April 2025 and were signed on its behalf by:





Mrs K L Summers - Director


STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Stonton Wyville 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

Accounting convention
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.

Revenue
Revenue represents net invoiced sales of produce and livestock, excluding value added tax.
Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale.

Research and development
Research and Development expenditure is included as an intangible fixed asset, amortisation is provided at 5% on cost.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

Property, plant and Equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are stated 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Basic payment
The Basic Payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

Going concern
At 5 April 2024 the company had net liabilities of £197,888. The company's bank borrowings were within the agreed facilities with its bankers at the year end.

The directors have anticipated that the company has adequate funds due to their support via funds from outside the company.

As a result the financial statements have been prepared on a going concern basis .

STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 6 April 2023
and 5 April 2024 31,121 50,408 81,529
AMORTISATION
At 6 April 2023 31,121 27,235 58,356
Charge for year - 2,520 2,520
At 5 April 2024 31,121 29,755 60,876
NET BOOK VALUE
At 5 April 2024 - 20,653 20,653
At 5 April 2023 - 23,173 23,173

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2023
and 5 April 2024 122,690 219,229 341,919
DEPRECIATION
At 6 April 2023 35,393 216,258 251,651
Charge for year 1,763 569 2,332
At 5 April 2024 37,156 216,827 253,983
NET BOOK VALUE
At 5 April 2024 85,534 2,402 87,936
At 5 April 2023 87,297 2,971 90,268

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 87,949 53,943
Other debtors 9,835 26,772
97,784 80,715

STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 329,448 284,655
Trade creditors 32,478 54,573
Taxation and social security 4,368 4,368
Other creditors 18,975 3,464
385,269 347,060

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans 65,617 90,220

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 6,829 17,048

9. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Bank overdrafts 305,803 266,688
Bank loans 89,262 108,187
395,065 374,875

There are fixed and floating charges held over the undertaking and all its assets, held by HSBC Bank PLC.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
3,000 Ordinary £1 3,000 3,000
9,000 A ordinary £1 9,000 9,000
12,000 12,000

The 'A' Ordinary shares carry no voting rights.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the beginning of the year the directors' loan account was overdrawn by £15,844 (2023: £23,859). During the year the directors borrowed £15,855 (2023: £11,943) and repaid £28,120 (2023: £19,958), leaving an overdrawn balance of £3,579 at the year end (2023: £15,844). The balance was repaid in full after the year end.