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Company No: 10643241 (England and Wales)

WELL HOUSE FARMING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

WELL HOUSE FARMING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

WELL HOUSE FARMING LIMITED

BALANCE SHEET

As at 31 March 2025
WELL HOUSE FARMING LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 333,115 333,115
333,115 333,115
Current assets
Debtors 4 365 719
Cash at bank and in hand 1,561 652
1,926 1,371
Creditors: amounts falling due within one year 5 ( 3,077) ( 3,168)
Net current liabilities (1,151) (1,797)
Total assets less current liabilities 331,964 331,318
Net assets 331,964 331,318
Capital and reserves
Called-up share capital 88,500 88,500
Share premium account 244,616 244,616
Profit and loss account ( 1,152 ) ( 1,798 )
Total shareholder's funds 331,964 331,318

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Well House Farming Limited (registered number: 10643241) were approved and authorised for issue by the Board of Directors on 29 May 2025. They were signed on its behalf by:

A R Walters
Director
WELL HOUSE FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
WELL HOUSE FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Well House Farming Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wellhouse Office, Well, Hook, Hampshire, RG29 1TL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Well House Farming Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover represents grazing license income and Basic Payment entitlements. Grazing license income is recognised on an accruals basis and in accordance with the license agreements. Basic Payment entitlement income is recognised on a receipts basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Basic Payment entitlements are recognised at their (nil) cost.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 April 2024 333,115 333,115
At 31 March 2025 333,115 333,115
Accumulated depreciation
At 01 April 2024 0 0
At 31 March 2025 0 0
Net book value
At 31 March 2025 333,115 333,115
At 31 March 2024 333,115 333,115

4. Debtors

2025 2024
£ £
VAT recoverable 364 718
Other debtors 1 1
365 719

5. Creditors: amounts falling due within one year

2025 2024
£ £
Accruals 3,077 3,168