IRIS Accounts Production v25.1.3.33 03424883 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false Ordinary 1.00000 Redeemable preference shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034248832023-09-30034248832024-09-30034248832023-10-012024-09-30034248832022-09-30034248832022-10-012023-09-30034248832023-09-3003424883ns15:EnglandWales2023-10-012024-09-3003424883ns14:PoundSterling2023-10-012024-09-3003424883ns10:Director12023-10-012024-09-3003424883ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3003424883ns10:SmallEntities2023-10-012024-09-3003424883ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3003424883ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3003424883ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003424883ns10:FullAccounts2023-10-012024-09-3003424883ns10:OrdinaryShareClass12023-10-012024-09-3003424883ns10:OrdinaryShareClass22023-10-012024-09-3003424883ns10:Director22023-10-012024-09-3003424883ns10:CompanySecretary12023-10-012024-09-3003424883ns10:RegisteredOffice2023-10-012024-09-3003424883ns5:CurrentFinancialInstruments2024-09-3003424883ns5:CurrentFinancialInstruments2023-09-3003424883ns5:ShareCapital2024-09-3003424883ns5:ShareCapital2023-09-3003424883ns5:RetainedEarningsAccumulatedLosses2024-09-3003424883ns5:RetainedEarningsAccumulatedLosses2023-09-3003424883ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3003424883ns5:PlantMachinery2023-10-012024-09-3003424883ns5:FurnitureFittings2023-10-012024-09-3003424883ns5:LandBuildings2023-09-3003424883ns5:PlantMachinery2023-09-3003424883ns5:FurnitureFittings2023-09-3003424883ns5:LandBuildings2023-10-012024-09-3003424883ns5:LandBuildings2024-09-3003424883ns5:PlantMachinery2024-09-3003424883ns5:FurnitureFittings2024-09-3003424883ns5:LandBuildings2023-09-3003424883ns5:PlantMachinery2023-09-3003424883ns5:FurnitureFittings2023-09-3003424883ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3003424883ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3003424883ns10:OrdinaryShareClass12024-09-3003424883ns10:OrdinaryShareClass22024-09-3003424883ns5:RetainedEarningsAccumulatedLosses2023-09-3003424883ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 03424883 (England and Wales)















UPPER WELSON FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






UPPER WELSON FARM LIMITED (REGISTERED NUMBER: 03424883)






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


UPPER WELSON FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A S Copping Joyce
Mrs A Copping Joyce





SECRETARY: Mrs A Copping Joyce





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 03424883 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

UPPER WELSON FARM LIMITED (REGISTERED NUMBER: 03424883)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 368,640 370,401

CURRENT ASSETS
Stocks 8,251 8,024
Debtors 5 834 3,877
Cash at bank 74,417 72,297
83,502 84,198
CREDITORS
Amounts falling due within one year 6 45,086 43,301
NET CURRENT ASSETS 38,416 40,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,056

411,298

PROVISIONS FOR LIABILITIES 1,374 1,599
NET ASSETS 405,682 409,699

CAPITAL AND RESERVES
Called up share capital 7 451,000 451,000
Retained earnings 8 (45,318 ) (41,301 )
SHAREHOLDERS' FUNDS 405,682 409,699

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.

UPPER WELSON FARM LIMITED (REGISTERED NUMBER: 03424883)

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 16 May 2025 and were signed on its behalf by:





A S Copping Joyce - Director


UPPER WELSON FARM LIMITED (REGISTERED NUMBER: 03424883)

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

1. STATUTORY INFORMATION

Upper Welson Farm 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.
Freehold buildings - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

UPPER WELSON FARM LIMITED (REGISTERED NUMBER: 03424883)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
buildings machinery fittings Totals
£    £    £    £   
COST
At 1 October 2023 427,600 46,266 7,116 480,982
Additions 150 - - 150
At 30 September 2024 427,750 46,266 7,116 481,132
DEPRECIATION
At 1 October 2023 65,613 37,928 7,040 110,581
Charge for year 726 1,174 11 1,911
At 30 September 2024 66,339 39,102 7,051 112,492
NET BOOK VALUE
At 30 September 2024 361,411 7,164 65 368,640
At 30 September 2023 361,987 8,338 76 370,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,374
Prepayments and accrued income 834 503
834 3,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,960 483
Directors' current accounts 36,324 36,042
Accruals and deferred income 6,802 6,776
45,086 43,301

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
450,000 Redeemable preference shares £1 450,000 450,000
451,000 451,000

UPPER WELSON FARM LIMITED (REGISTERED NUMBER: 03424883)

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

8. RESERVES
Retained
earnings
£   

At 1 October 2023 (41,301 )
Deficit for the year (4,017 )
At 30 September 2024 (45,318 )

9. RELATED PARTY DISCLOSURES

A S Copping Joyce is a director and shareholder of Upper Welson Farm Ltd and a director and shareholder of Watermouth Harbour Ltd, London and Western Holdings PLC and Rosemary Estates Ltd. There were no transactions with these companies during the year.