2 06/04/2024 05/04/2025 2025-04-05 false false false false false false false true false false true false false false false false false false 2024-04-06 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03247948 2024-04-06 2025-04-05 03247948 2025-04-05 03247948 2024-04-05 03247948 2023-04-06 2024-04-05 03247948 2024-04-05 03247948 2023-04-05 03247948 bus:RegisteredOffice 2024-04-06 2025-04-05 03247948 bus:LeadAgentIfApplicable 2024-04-06 2025-04-05 03247948 bus:Director1 2024-04-06 2025-04-05 03247948 bus:CompanySecretary1 2024-04-06 2025-04-05 03247948 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-05 03247948 core:LandBuildings core:ShortLeaseholdAssets 2024-04-05 03247948 core:PlantMachinery 2024-04-05 03247948 core:MotorVehicles 2024-04-05 03247948 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-05 03247948 core:LandBuildings core:ShortLeaseholdAssets 2025-04-05 03247948 core:PlantMachinery 2025-04-05 03247948 core:MotorVehicles 2025-04-05 03247948 core:WithinOneYear 2025-04-05 03247948 core:WithinOneYear 2024-04-05 03247948 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 03247948 core:LandBuildings core:ShortLeaseholdAssets 2024-04-06 2025-04-05 03247948 core:PlantMachinery 2024-04-06 2025-04-05 03247948 core:MotorVehicles 2024-04-06 2025-04-05 03247948 core:ShareCapital 2025-04-05 03247948 core:ShareCapital 2024-04-05 03247948 core:RetainedEarningsAccumulatedLosses 2025-04-05 03247948 core:RetainedEarningsAccumulatedLosses 2024-04-05 03247948 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-05 03247948 core:LandBuildings core:ShortLeaseholdAssets 2024-04-05 03247948 core:PlantMachinery 2024-04-05 03247948 core:MotorVehicles 2024-04-05 03247948 bus:SmallEntities 2024-04-06 2025-04-05 03247948 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 03247948 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 03247948 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 03247948 bus:FullAccounts 2024-04-06 2025-04-05 03247948 core:FurnitureFittingsToolsEquipment 2024-04-06 2025-04-05 03247948 core:AllAssociates 2024-04-06 2025-04-05
Company registration number: 03247948
Webster Farming (Farnham) Limited
Unaudited filleted financial statements
05 April 2025
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Webster Farming (Farnham) Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Webster Farming (Farnham) Limited
Directors and other information
Director J M Webster
Secretary Mrs D F Webster
Company number 03247948
Registered office Sandy Bank Farm, Sandy Bank
Farnham
Knaresborough
North Yorkshire
HG5 9NB
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
YO7 1HD
Webster Farming (Farnham) Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Webster Farming (Farnham) Limited
Year ended 5 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Webster Farming (Farnham) Limited for the year ended 5 April 2025 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Webster Farming (Farnham) Limited, as a body, in accordance with the terms of our engagement letter dated 20 June 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Webster Farming (Farnham) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Webster Farming (Farnham) Limited and its director as a body for our work or for this report.
It is your duty to ensure that Webster Farming (Farnham) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Webster Farming (Farnham) Limited. You consider that Webster Farming (Farnham) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Webster Farming (Farnham) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
YO7 1HD
10 June 2025
Webster Farming (Farnham) Limited
Balance sheet
5 April 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 1,185,760 1,202,949
_______ _______
1,185,760 1,202,949
Current assets
Debtors 6 2,878 10,796
Cash at bank and in hand 78,480 80,516
_______ _______
81,358 91,312
Creditors: amounts falling due
within one year 7 ( 8,023) ( 10,485)
_______ _______
Net current assets 73,335 80,827
_______ _______
Total assets less current liabilities 1,259,095 1,283,776
Provisions for liabilities ( 8,578) ( 6,120)
_______ _______
Net assets 1,250,517 1,277,656
_______ _______
Capital and reserves
Called up share capital 596,154 596,154
Profit and loss account 654,363 681,502
_______ _______
Shareholders funds 1,250,517 1,277,656
_______ _______
For the year ending 05 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
J M Webster
Director
Company registration number: 03247948
Webster Farming (Farnham) Limited
Notes to the financial statements
Year ended 5 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sandy Bank Farm, Sandy Bank, Farnham, Knaresborough, North Yorkshire, HG5 9NB. The principal activities of the company are that of farm contracting and property rental.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15% straight line and 15% reducing balance
Fittings fixtures and equipment - 15% straight line
Motor vehicles - 25% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directlyattributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Freehold property Investment properties Plant and machinery Motor vehicles Total
£ £ £ £ £
Cost or valuation
At 6 April 2024 202,917 970,000 281,162 26,570 1,480,649
Additions - - 300 39,695 39,995
Disposals - - - ( 26,570) ( 26,570)
Revaluation - ( 30,000) - - ( 30,000)
_______ _______ _______ _______ _______
At 5 April 2025 202,917 940,000 281,462 39,695 1,464,074
_______ _______ _______ _______ _______
Depreciation
At 6 April 2024 2,176 - 260,164 15,360 277,700
Charge for the year 128 - 5,922 9,924 15,974
Disposals - - - ( 15,360) ( 15,360)
_______ _______ _______ _______ _______
At 5 April 2025 2,304 - 266,086 9,924 278,314
_______ _______ _______ _______ _______
Carrying amount
At 5 April 2025 200,613 940,000 15,376 29,771 1,185,760
_______ _______ _______ _______ _______
At 5 April 2024 200,741 970,000 20,998 11,210 1,202,949
_______ _______ _______ _______ _______
Investment property
In accordance with Financial Reporting Standard 102 investment properties are revalued annually, and any change in value is taken to the profit and loss account.Investment properties have been revalued at the balance sheet date by the director on an open market basis.
6. Debtors
2025 2024
£ £
Trade debtors 1,871 3,391
Other debtors 1,007 7,405
_______ _______
2,878 10,796
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 266 46
Corporation tax 119 4,502
Social security and other taxes 1,329 1,606
Other creditors 6,309 4,331
_______ _______
8,023 10,485
_______ _______
8. Related party transactions
The director, who is also a shareholder of the company, has made an interest free, unsecured loan to the company. The balance on this loan which is included within creditors at the year end was £450 (2024: £396).