Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-303The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01falseGrowing of cereals (except rice), leguminous crops and oil seeds3truetruefalse 01593589 2023-12-01 2024-11-30 01593589 2022-12-01 2023-11-30 01593589 2024-11-30 01593589 2023-11-30 01593589 2022-12-01 01593589 c:Director1 2023-12-01 2024-11-30 01593589 d:Buildings 2023-12-01 2024-11-30 01593589 d:Buildings 2024-11-30 01593589 d:Buildings 2023-11-30 01593589 d:Buildings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 01593589 d:PlantMachinery 2023-12-01 2024-11-30 01593589 d:PlantMachinery 2024-11-30 01593589 d:PlantMachinery 2023-11-30 01593589 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 01593589 d:MotorVehicles 2023-12-01 2024-11-30 01593589 d:MotorVehicles 2024-11-30 01593589 d:MotorVehicles 2023-11-30 01593589 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 01593589 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 01593589 d:CurrentFinancialInstruments 2024-11-30 01593589 d:CurrentFinancialInstruments 2023-11-30 01593589 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 01593589 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 01593589 d:ShareCapital 2024-11-30 01593589 d:ShareCapital 2023-11-30 01593589 d:ShareCapital 2022-12-01 01593589 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2024-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2023-11-30 01593589 d:RetainedEarningsAccumulatedLosses 2022-12-01 01593589 c:OrdinaryShareClass1 2023-12-01 2024-11-30 01593589 c:OrdinaryShareClass1 2024-11-30 01593589 c:OrdinaryShareClass1 2023-11-30 01593589 c:OrdinaryShareClass2 2023-12-01 2024-11-30 01593589 c:OrdinaryShareClass2 2024-11-30 01593589 c:OrdinaryShareClass2 2023-11-30 01593589 c:OrdinaryShareClass3 2023-12-01 2024-11-30 01593589 c:OrdinaryShareClass3 2024-11-30 01593589 c:OrdinaryShareClass3 2023-11-30 01593589 c:FRS102 2023-12-01 2024-11-30 01593589 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 01593589 c:FullAccounts 2023-12-01 2024-11-30 01593589 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 01593589 6 2023-12-01 2024-11-30 01593589 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 01593589 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 01593589 d:TaxLossesCarry-forwardsDeferredTax 2024-11-30 01593589 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 01593589 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01593589










N & A WALKER LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
N & A WALKER LIMITED
REGISTERED NUMBER: 01593589

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,148
57,261

Investments
 5 
2,485,343
2,329,399

  
2,530,491
2,386,660

Current assets
  

Stocks
 6 
157,594
166,871

Debtors
 7 
51,323
61,148

Cash at bank and in hand
  
419,552
305,843

  
628,469
533,862

Creditors: amounts falling due within one year
 8 
(222,614)
(161,623)

Net current assets
  
 
 
405,855
 
 
372,239

Total assets less current liabilities
  
2,936,346
2,758,899

Provisions for liabilities
  

Deferred tax
 9 
(31,770)
(25,782)

  
 
 
(31,770)
 
 
(25,782)

Net assets
  
2,904,576
2,733,117


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,904,476
2,733,017

  
2,904,576
2,733,117


Page 1

 
N & A WALKER LIMITED
REGISTERED NUMBER: 01593589

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2025.




N C Walker
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
N & A WALKER LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2023
100
2,733,017
2,733,117



Profit for the year
-
229,445
229,445

Dividends: Equity capital
-
(57,986)
(57,986)


At 30 November 2024
100
2,904,476
2,904,576


The notes on pages 4 to 10 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2022
100
2,760,143
2,760,243



Profit for the year
-
17,674
17,674

Dividends: Equity capital
-
(44,800)
(44,800)


At 30 November 2023
100
2,733,017
2,733,117


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
N & A WALKER LIMITED
 

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

1.


General information

N & A Walker Limited is a private company limited by share capital and incorporated in England and Wales.
The registered office and principal place of business is Westfield Farm, Lambourn Road, East Garston, Hungerford, Berkshire, RG17 7HD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
N & A WALKER LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Leasehold improvements
-
10%
straight line
Equipment
-
15%
reducing balance
Motor vehicles and tractors
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 5

 
N & A WALKER LIMITED
 

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

2.Accounting policies (continued)

  
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable properties.  No depreciation is provided.  Changes in fair value are recognised in the Statement of Comprehensive Income account.

 
2.8

Financial instruments


The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a normal farming practice basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.10

Biological assets

Tillages are recognised as biological assets and are accounted for under the cost model in accordance with FRS 102. No depreciation is charged as tillages are considered to have a useful economical life of less than 1 year.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
N & A WALKER LIMITED
 

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

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 7

 
N & A WALKER LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Freehold land and buildings
Equipment
Motor vehicles and tractors
 Total

£
£
£
£



Cost or valuation


At 1 December 2023
400,171
17,545
43,251
460,967


Additions
-
597
-
597



At 30 November 2024

400,171
18,142
43,251
461,564



Depreciation


At 1 December 2023
378,320
764
24,622
403,706


Charge for the year on owned assets
5,771
2,532
4,407
12,710



At 30 November 2024

384,091
3,296
29,029
416,416



Net book value



At 30 November 2024
16,080
14,846
14,222
45,148



At 30 November 2023
21,851
16,781
18,629
57,261


5.


Fixed asset investments





Listed investments
Investment property
Total

£
£
£



Cost or valuation


At 1 December 2023
880,899
1,448,500
2,329,399


Additions
36,306
-
36,306


Disposals
(38,911)
-
(38,911)


Revaluations
158,549
-
158,549



At 30 November 2024
1,036,843
1,448,500
2,485,343




Page 8

 
N & A WALKER LIMITED
 

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

6.


Stocks

2024
2023
£
£

Stocks
142,245
141,522

Biological assets
15,349
25,349

157,594
166,871



7.


Debtors

2024
2023
£
£



Trade debtors
-
5,546

Prepayments and accrued income
45,908
49,637

VAT
5,415
5,965

51,323
61,148



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
51,687
54,409

Corporation tax
24,567
3,195

Directors' loan account
146,360
104,019

222,614
161,623


Page 9

 
N & A WALKER LIMITED
 

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

9.


Deferred taxation




2024


£






At beginning of year
(25,782)


Charged to the profit or loss
(5,988)



At end of year
(31,770)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(6,400)
(6,500)

Capital gains
(25,370)
(19,282)

(31,770)
(25,782)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



77 (2023 - 77) A Ordinary shares of £1 each
77
77
13 (2023 - 13) B Ordinary shares of £1 each
13
13
10 (2023 - 10) C Ordinary shares of £1 each
10
10

100

100



Page 10