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REGISTERED NUMBER: 00629520 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

T Whitwell & Sons Limited

T Whitwell & Sons Limited (Registered number: 00629520)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

T Whitwell & Sons Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: W R Whitwell
T J Whitwell





SECRETARY: M G Whitwell





REGISTERED OFFICE: Pendleton Hall Farm
Pendleton
Clitheroe
Lancashire
BB7 1PT





REGISTERED NUMBER: 00629520 (England and Wales)





ACCOUNTANTS: TT Business Services Ltd
Chartered Accountants
3 Burwell Close
Rochdale
Lancashire
OL12 6DQ

T Whitwell & Sons Limited (Registered number: 00629520)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 767,009 838,917
Herd basis 5 153,284 132,446
920,293 971,363

CURRENT ASSETS
Stocks 43,320 30,390
Debtors 6 73,891 88,716
Cash at bank and in hand 3,001 16,787
120,212 135,893
CREDITORS
Amounts falling due within one year 7 (137,679 ) (122,131 )
NET CURRENT (LIABILITIES)/ASSETS (17,467 ) 13,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,826

985,125

CREDITORS
Amounts falling due after more than one
year

8

(542,940

)

(546,300

)

PROVISIONS FOR LIABILITIES (36,503 ) (39,576 )
NET ASSETS 323,383 399,249

CAPITAL AND RESERVES
Called up share capital 1,723 1,723
Capital redemption reserve 2,857 2,857
Retained earnings 318,803 394,669
SHAREHOLDERS' FUNDS 323,383 399,249

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

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

T Whitwell & Sons Limited (Registered number: 00629520)

Balance Sheet - continued
30 April 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 29 April 2025 and were signed on its behalf by:





W R Whitwell - Director


T Whitwell & Sons Limited (Registered number: 00629520)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

T Whitwell & Sons 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.
Plant and machinery etc - 10% on reducing balance and at varying rates on cost

Stocks
Immature livestock is valued at the lower of cost or in the case of home reared livestock at a given percentage of market value of similar animals. Other stock is valued at the lower of cost and net realisable value.

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.

Production livestock
Production livestock described in the accounts under the heading "herd basis" and "flock of sheep" is valued at the lower of cost or replacement value. In the case of home reared livestock deemed cost is calculated at a percentage of market value.

T Whitwell & Sons Limited (Registered number: 00629520)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,279,139
DEPRECIATION
At 1 May 2023 440,222
Charge for year 71,908
At 30 April 2024 512,130
NET BOOK VALUE
At 30 April 2024 767,009
At 30 April 2023 838,917

5. HERD BASIS
Dairy
herd Flock of
basis sheep Totals
£    £    £   
COST
At 1 May 2023 97,629 34,817 132,446
Additions 18,900 - 18,900
Disposals - 1,938 1,938
At 30 April 2024 116,529 36,755 153,284
NET BOOK VALUE
At 30 April 2024 116,529 36,755 153,284
At 30 April 2023 97,629 34,817 132,446

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 50,000 50,000
Other debtors 23,891 38,716
73,891 88,716

T Whitwell & Sons Limited (Registered number: 00629520)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 14,629 8,500
Hire purchase contracts - 4,020
Other creditors 123,050 109,611
137,679 122,131

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 192,940 196,300
Other creditors 350,000 350,000
542,940 546,300

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 207,569 204,800

The term bank loan outstanding as at 30 April 2024 amounting to £161.449 (2023-173.922) is secured and repayable over the remaining 153 months of the loan. The interest rate is charged at 3.28% above base rate.
A Bounce back loan is also outstanding as at 30 April 2024 amounting to £46,120 (2023 -£48,924). The interest rate is 2.5%.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T Whitwell & Sons Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T Whitwell & Sons Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T Whitwell & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T Whitwell & Sons Limited and state those matters that we have agreed to state to the Board of Directors of T Whitwell & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T Whitwell & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T Whitwell & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T Whitwell & Sons Limited. You consider that T Whitwell & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T Whitwell & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






TT Business Services Ltd
Chartered Accountants
3 Burwell Close
Rochdale
Lancashire
OL12 6DQ


29 April 2025