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REGISTERED NUMBER: 04874733 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 January 2025

for

Westdown Farm Limited

Westdown Farm Limited (Registered number: 04874733)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westdown Farm Limited

Company Information
For The Year Ended 31 January 2025







DIRECTORS: P Perry
Mrs H M Perry
J Perry





SECRETARY: Mrs H M Perry





REGISTERED OFFICE: Westdown Farm
Blackawton
Totnes
Devon
TQ9 7AL





REGISTERED NUMBER: 04874733 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Westdown Farm Limited (Registered number: 04874733)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 387,105 354,385
387,105 354,385

CURRENT ASSETS
Stocks 251,830 248,080
Debtors 5 18,139 8,648
269,969 256,728
CREDITORS
Amounts falling due within one year 6 219,618 224,428
NET CURRENT ASSETS 50,351 32,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,456

386,685

CREDITORS
Amounts falling due after more than one
year

7

(189,319

)

(225,745

)

PROVISIONS FOR LIABILITIES (54,250 ) (47,214 )
NET ASSETS 193,887 113,726

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 193,787 113,626
SHAREHOLDERS' FUNDS 193,887 113,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Westdown Farm Limited (Registered number: 04874733)

Balance Sheet - continued
31 January 2025


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 9 May 2025 and were signed on its behalf by:




P Perry - Director



Mrs H M Perry - Director


Westdown Farm Limited (Registered number: 04874733)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. 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 represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance, 15% on reducing balance and 2% on cost

Stocks
Closing stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items. Except in the case of livestock which are valued on an alternative basis.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

Westdown Farm Limited (Registered number: 04874733)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2024
and 31 January 2025 62,792
AMORTISATION
At 1 February 2024
and 31 January 2025 62,792
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 484,655
Additions 97,955
Disposals (26,505 )
At 31 January 2025 556,105
DEPRECIATION
At 1 February 2024 130,270
Charge for year 38,730
At 31 January 2025 169,000
NET BOOK VALUE
At 31 January 2025 387,105
At 31 January 2024 354,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 5,961 5,527
Other debtors 12,178 3,121
18,139 8,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 37,275 50,050
Hire purchase contracts 37,833 26,306
Trade creditors 22,321 30,087
Taxation and social security 13,494 1,157
Other creditors 108,695 116,828
219,618 224,428

Westdown Farm Limited (Registered number: 04874733)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans 149,627 174,475
Hire purchase contracts 39,692 51,270
189,319 225,745