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REGISTERED NUMBER: 14748858 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Wakeham Farms Limited

Wakeham Farms Limited (Registered number: 14748858)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wakeham Farms Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D R Wakeham
B I Wakeham
J M Wakeham





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: 14748858 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Wakeham Farms Limited (Registered number: 14748858)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,494 26,523

CURRENT ASSETS
Debtors 5 23,202 15,164
Cash at bank 455 3,982
23,657 19,146
CREDITORS
Amounts falling due within one year 6 131,771 101,791
NET CURRENT LIABILITIES (108,114 ) (82,645 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(76,620

)

(56,122

)

CAPITAL AND RESERVES
Called up share capital 8 99 99
Retained earnings (76,719 ) (56,221 )
SHAREHOLDERS' FUNDS (76,620 ) (56,122 )

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 21 May 2025 and were signed on its behalf by:





D R Wakeham - Director


Wakeham Farms Limited (Registered number: 14748858)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Wakeham Farms 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.

The directors consider the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The directors have confirmed that they will continue to support the company and will not recall their loans if it would render the company unable to pay its liabilities as they fall due.

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.
Improvements to property - not provided
Plant and machinery - 20% on cost

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

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

Wakeham Farms Limited (Registered number: 14748858)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2024 2,500 30,029 32,529
Additions 2,750 10,284 13,034
At 31 March 2025 5,250 40,313 45,563
DEPRECIATION
At 1 April 2024 - 6,006 6,006
Charge for year - 8,063 8,063
At 31 March 2025 - 14,069 14,069
NET BOOK VALUE
At 31 March 2025 5,250 26,244 31,494
At 31 March 2024 2,500 24,023 26,523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,952 -
VAT 647 1,208
Deferred tax asset 17,603 13,162
Prepayments - 794
23,202 15,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 388 14,000
Directors' current accounts 130,033 86,491
Accrued expenses 1,350 1,300
131,771 101,791

7. DEFERRED TAX
£   
Balance at 1 April 2024 (13,162 )
Accelerated capital allowances 422
Unrelieved losses c/f (4,863 )
Balance at 31 March 2025 (17,603 )

Wakeham Farms Limited (Registered number: 14748858)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
99 Ordinary £1 99 99

9. RELATED PARTY DISCLOSURES

The directors maintain a loan account with the company. At the balance sheet date the company owed them £130,033 (2024 - £86,491).