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REGISTERED NUMBER: 01301618 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LEWIS WILLIAMS (FARMING) LIMITED

LEWIS WILLIAMS (FARMING) LIMITED (REGISTERED NUMBER: 01301618)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEWIS WILLIAMS (FARMING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: C Williams
M Williams
M Williams
D Williams





REGISTERED OFFICE: Holgate Farm, Holgate Road
North Walsham
Norfolk
NR28 9LP





REGISTERED NUMBER: 01301618 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

LEWIS WILLIAMS (FARMING) LIMITED (REGISTERED NUMBER: 01301618)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,932 12,876
Investments 6 15,570 15,570
Investment property 7 298,197 298,197
324,699 326,643

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 8 8,479 8,479
Cash at bank and in hand 23,797 36,993
33,776 46,972
CREDITORS
Amounts falling due within one year 9 (90,574 ) (83,195 )
NET CURRENT LIABILITIES (56,798 ) (36,223 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,901

290,420

CREDITORS
Amounts falling due after more than one
year

10

(23,226

)

(33,206

)

PROVISIONS FOR LIABILITIES - (2,446 )
NET ASSETS 244,675 254,768

CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Non-distributable reserves 12 97,544 97,544
Retained earnings 12 142,131 152,224
SHAREHOLDERS' FUNDS 244,675 254,768

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

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

LEWIS WILLIAMS (FARMING) LIMITED (REGISTERED NUMBER: 01301618)

BALANCE SHEET - continued
30 SEPTEMBER 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 14 March 2025 and were signed on its behalf by:





M Williams - Director


LEWIS WILLIAMS (FARMING) LIMITED (REGISTERED NUMBER: 01301618)

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

1. STATUTORY INFORMATION

Lewis Williams (Farming) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

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 and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued 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 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.

LEWIS WILLIAMS (FARMING) LIMITED (REGISTERED NUMBER: 01301618)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 170,000
AMORTISATION
At 1 October 2023
and 30 September 2024 170,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 99,761
DEPRECIATION
At 1 October 2023 86,885
Charge for year 1,944
At 30 September 2024 88,829
NET BOOK VALUE
At 30 September 2024 10,932
At 30 September 2023 12,876

LEWIS WILLIAMS (FARMING) LIMITED (REGISTERED NUMBER: 01301618)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 15,570
NET BOOK VALUE
At 30 September 2024 15,570
At 30 September 2023 15,570

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 298,197
NET BOOK VALUE
At 30 September 2024 298,197
At 30 September 2023 298,197

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 (11,572 )
Valuation in 2016 97,544
Cost 212,225
298,197

If the investment properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 212,225 212,225
Aggregate depreciation (58,335 ) (58,335 )

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 8,479 8,479

LEWIS WILLIAMS (FARMING) LIMITED (REGISTERED NUMBER: 01301618)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,473 -
Trade creditors 8,791 7,389
Amounts owed to group undertakings 63,500 63,500
Taxation and social security 5,597 5,019
Other creditors 7,213 7,287
90,574 83,195

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 23,226 33,206

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
5,000 Ordinary £1 5,000 5,000

12. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 October 2023 152,224 97,544 249,768
Deficit for the year (10,093 ) (10,093 )
At 30 September 2024 142,131 97,544 239,675

13. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr M Williams, Mr C Williams, Mr M Williams and Mr D Williams as
holders of the share capital throughout the current and previous year.
The company operates a Loan account with the Directors and the balance as at 30 September 2024 was £7,213 (30 September 2023 was £7,287).