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REGISTERED NUMBER: 06470323 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WYVOLS COURT FARM LIMITED

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYVOLS COURT FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: R R Waterer
Mrs C J Waterer





REGISTERED OFFICE: Wyvols Court Farm
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 06470323 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,300,937 1,189,340
Investment property 6 2,880,000 1,834,000
4,180,937 3,023,340

CURRENT ASSETS
Stocks 3,000 2,750
Debtors 7 103,719 238,522
Cash at bank 58,742 47,048
165,461 288,320
CREDITORS
Amounts falling due within one year 8 205,923 169,076
NET CURRENT (LIABILITIES)/ASSETS (40,462 ) 119,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,140,475

3,142,584

CREDITORS
Amounts falling due after more than one
year

9

-

(43,498

)

PROVISIONS FOR LIABILITIES (476,544 ) (215,044 )
NET ASSETS 3,663,931 2,884,042

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

BALANCE SHEET - continued
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 8,961 9,312
Share premium 1,492,782 1,492,888
Revaluation reserve 11 1,552,598 768,098
Capital redemption reserve 721 -
Retained earnings 608,869 613,744
SHAREHOLDERS' FUNDS 3,663,931 2,884,042

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

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

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 20 May 2025 and were signed on its behalf by:





R R Waterer - Director


WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Wyvols Court 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 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.

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.

Entitlements 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.
Freehold property - 4% on cost
Improvements to property - 5% on cost
Plant and machinery - 25% on cost

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.


WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2024 4,426
Disposals (4,426 )
At 31 March 2025 -
AMORTISATION
At 1 April 2024 4,426
Eliminated on disposal (4,426 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 1,123,072 66,845 79,000 - 1,268,917
Additions - 20,643 114,727 23,490 158,860
At 31 March 2025 1,123,072 87,488 193,727 23,490 1,427,777
DEPRECIATION
At 1 April 2024 - 20,977 58,600 - 79,577
Charge for year - 4,061 37,329 5,873 47,263
At 31 March 2025 - 25,038 95,929 5,873 126,840
NET BOOK VALUE
At 31 March 2025 1,123,072 62,450 97,798 17,617 1,300,937
At 31 March 2024 1,123,072 45,868 20,400 - 1,189,340

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,834,000
Revaluations 1,046,000
At 31 March 2025 2,880,000
NET BOOK VALUE
At 31 March 2025 2,880,000
At 31 March 2024 1,834,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 983,142
Valuation in 2024 1,046,000
Cost 850,858
2,880,000

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

31.3.25 31.3.24
£    £   
Cost 850,858 850,858

Investment property was valued on an open market value basis on 11 December 2023 by Savills .

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 6,427 69,916
Other debtors 97,292 168,606
103,719 238,522

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 45,981
Trade creditors 6,640 7,320
Amounts owed to group undertakings 500 -
Taxation and social security 45,881 58,075
Other creditors 152,902 57,700
205,923 169,076

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 43,498

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
8,961 Ordinary shares 1 8,961 9,312

In the accounts for the year ended 31st March 2023 the company purchased 370 of its own shares for a consideration of £120,000. The share premium account was consequently reduced by £119,630. This transaction was erroneous and has been reversed out in this years accounts.

During the year the company purchased 721 of its own shares for a consideration of £166.07 per share. The share premium account has consequently been reduced by £119,736.

11. RESERVES
Revaluation
reserve
£   
At 1 April 2024 768,098
Revaluation of investment prop 784,500

At 31 March 2025 1,552,598

WYVOLS COURT FARM LIMITED (REGISTERED NUMBER: 06470323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


12. RELATED PARTY TRANSACTIONS

J H Waterer, a shareholder in Wyvols Court Farm Limited at the beginning of the year was owed £60,750 (2024: (£126,760)) at the year end.

R A Waterer, a director and shareholder in Wyvols Court Farm Limited at the beginning of the year was owed £nil (2024: £10,000) by the company at the year end.

The Estate of R D Waterer, a shareholder in Wyvols Court Farm Limited at the beginning of the year, was owed £nil (2024: (£32,041)) to the company at the year end.

R R Waterer, a shareholder of Wyvols Court Farm Limited at the beginning of the year and sole shareholder of Wyvols Court Farm Holdings Limited which owns 100% of Wyvols Court Farm Limited at the end of the year was owed £87,902 (2024: (£253)) by the company at the year end.

On 13 May 2024, the company purchased 117 shares each from R A Waterer, R R Waterer and J H Waterer and 370 shares from the Estate of R D Waterer for £166.07 per share. Share capital had been reduced by £721 and share premium by £119,736.

On 26 June 2024, Wyvols Court Farm Holdings Limited purchased all 8,961 shares in the company for consideration of £5,380,002.

All loans were interest free and repayable on demand.