2024-03-262024-12-312024-12-31false15594672WSG FARM LIMITED2025-06-1896090falseiso4217:GBPxbrli:pure155946722024-03-26155946722024-12-31155946722024-03-262024-12-31155946722024-03-25155946722024-03-25155946722024-03-252024-03-2515594672bus:SmallEntities2024-03-262024-12-3115594672bus:AuditExempt-NoAccountantsReport2024-03-262024-12-3115594672bus:FullAccounts2024-03-262024-12-3115594672bus:PrivateLimitedCompanyLtd2024-03-262024-12-3115594672core:WithinOneYear2024-12-3115594672core:AfterOneYear2024-12-3115594672core:WithinOneYear2024-03-2515594672core:AfterOneYear2024-03-2515594672core:ShareCapital2024-12-3115594672core:SharePremium2024-12-3115594672core:RevaluationReserve2024-12-3115594672core:OtherReservesSubtotal2024-12-3115594672core:RetainedEarningsAccumulatedLosses2024-12-3115594672core:ShareCapital2024-03-2515594672core:SharePremium2024-03-2515594672core:RevaluationReserve2024-03-2515594672core:OtherReservesSubtotal2024-03-2515594672core:RetainedEarningsAccumulatedLosses2024-03-2515594672core:LandBuildings2024-12-3115594672core:PlantMachinery2024-12-3115594672core:Vehicles2024-12-3115594672core:FurnitureFittings2024-12-3115594672core:OfficeEquipment2024-12-3115594672core:NetGoodwill2024-12-3115594672core:IntangibleAssetsOtherThanGoodwill2024-12-3115594672core:ListedExchangeTraded2024-12-3115594672core:UnlistedNon-exchangeTraded2024-12-3115594672core:LandBuildings2024-03-2515594672core:PlantMachinery2024-03-2515594672core:Vehicles2024-03-2515594672core:FurnitureFittings2024-03-2515594672core:OfficeEquipment2024-03-2515594672core:NetGoodwill2024-03-2515594672core:IntangibleAssetsOtherThanGoodwill2024-03-2515594672core:ListedExchangeTraded2024-03-2515594672core:UnlistedNon-exchangeTraded2024-03-2515594672core:LandBuildings2024-03-262024-12-3115594672core:PlantMachinery2024-03-262024-12-3115594672core:Vehicles2024-03-262024-12-3115594672core:FurnitureFittings2024-03-262024-12-3115594672core:OfficeEquipment2024-03-262024-12-3115594672core:NetGoodwill2024-03-262024-12-3115594672core:IntangibleAssetsOtherThanGoodwill2024-03-262024-12-3115594672core:ListedExchangeTraded2024-03-262024-12-3115594672core:UnlistedNon-exchangeTraded2024-03-262024-12-3115594672core:MoreThanFiveYears2024-03-262024-12-3115594672core:Non-currentFinancialInstruments2024-12-3115594672core:Non-currentFinancialInstruments2024-03-2515594672dpl:CostSales2024-03-262024-12-3115594672dpl:DistributionCosts2024-03-262024-12-3115594672core:LandBuildings2024-03-262024-12-3115594672core:PlantMachinery2024-03-262024-12-3115594672core:Vehicles2024-03-262024-12-3115594672core:FurnitureFittings2024-03-262024-12-3115594672core:OfficeEquipment2024-03-262024-12-3115594672dpl:AdministrativeExpenses2024-03-262024-12-3115594672core:NetGoodwill2024-03-262024-12-3115594672core:IntangibleAssetsOtherThanGoodwill2024-03-262024-12-3115594672dpl:GroupUndertakings2024-03-262024-12-3115594672dpl:ParticipatingInterests2024-03-262024-12-3115594672dpl:GroupUndertakingscore:ListedExchangeTraded2024-03-262024-12-3115594672core:ListedExchangeTraded2024-03-262024-12-3115594672dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-03-262024-12-3115594672core:UnlistedNon-exchangeTraded2024-03-262024-12-3115594672dpl:CostSales2024-03-252024-03-2515594672dpl:DistributionCosts2024-03-252024-03-2515594672core:LandBuildings2024-03-252024-03-2515594672core:PlantMachinery2024-03-252024-03-2515594672core:Vehicles2024-03-252024-03-2515594672core:FurnitureFittings2024-03-252024-03-2515594672core:OfficeEquipment2024-03-252024-03-2515594672dpl:AdministrativeExpenses2024-03-252024-03-2515594672core:NetGoodwill2024-03-252024-03-2515594672core:IntangibleAssetsOtherThanGoodwill2024-03-252024-03-2515594672dpl:GroupUndertakings2024-03-252024-03-2515594672dpl:ParticipatingInterests2024-03-252024-03-2515594672dpl:GroupUndertakingscore:ListedExchangeTraded2024-03-252024-03-2515594672core:ListedExchangeTraded2024-03-252024-03-2515594672dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-03-252024-03-2515594672core:UnlistedNon-exchangeTraded2024-03-252024-03-2515594672core:NetGoodwill2024-12-3115594672core:IntangibleAssetsOtherThanGoodwill2024-12-3115594672core:LandBuildings2024-12-3115594672core:PlantMachinery2024-12-3115594672core:Vehicles2024-12-3115594672core:FurnitureFittings2024-12-3115594672core:OfficeEquipment2024-12-3115594672core:AfterOneYear2024-12-3115594672core:WithinOneYear2024-12-3115594672core:ListedExchangeTraded2024-12-3115594672core:UnlistedNon-exchangeTraded2024-12-3115594672core:ShareCapital2024-12-3115594672core:SharePremium2024-12-3115594672core:RevaluationReserve2024-12-3115594672core:OtherReservesSubtotal2024-12-3115594672core:RetainedEarningsAccumulatedLosses2024-12-3115594672core:NetGoodwill2024-03-2515594672core:IntangibleAssetsOtherThanGoodwill2024-03-2515594672core:LandBuildings2024-03-2515594672core:PlantMachinery2024-03-2515594672core:Vehicles2024-03-2515594672core:FurnitureFittings2024-03-2515594672core:OfficeEquipment2024-03-2515594672core:AfterOneYear2024-03-2515594672core:WithinOneYear2024-03-2515594672core:ListedExchangeTraded2024-03-2515594672core:UnlistedNon-exchangeTraded2024-03-2515594672core:ShareCapital2024-03-2515594672core:SharePremium2024-03-2515594672core:RevaluationReserve2024-03-2515594672core:OtherReservesSubtotal2024-03-2515594672core:RetainedEarningsAccumulatedLosses2024-03-2515594672core:NetGoodwill2024-03-2515594672core:IntangibleAssetsOtherThanGoodwill2024-03-2515594672core:LandBuildings2024-03-2515594672core:PlantMachinery2024-03-2515594672core:Vehicles2024-03-2515594672core:FurnitureFittings2024-03-2515594672core:OfficeEquipment2024-03-2515594672core:AfterOneYear2024-03-2515594672core:WithinOneYear2024-03-2515594672core:ListedExchangeTraded2024-03-2515594672core:UnlistedNon-exchangeTraded2024-03-2515594672core:ShareCapital2024-03-2515594672core:SharePremium2024-03-2515594672core:RevaluationReserve2024-03-2515594672core:OtherReservesSubtotal2024-03-2515594672core:RetainedEarningsAccumulatedLosses2024-03-2515594672core:AfterOneYear2024-03-262024-12-3115594672core:WithinOneYear2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:CostValuation2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-262024-12-3115594672core:Non-currentFinancialInstrumentscore:CostValuation2024-12-3115594672core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-12-3115594672core:Non-currentFinancialInstrumentscore:CostValuation2024-03-2515594672core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-2515594672core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-2515594672core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-2515594672core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-2515594672core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-2515594672core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-2515594672core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-2515594672core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-2515594672bus:Director12024-03-262024-12-3115594672bus:Director22024-03-262024-12-3115594672bus:Director32024-03-262024-12-3115594672bus:Director42024-03-262024-12-3115594672core:FurnitureFittingsToolsEquipment2024-03-262024-12-3115594672core:FurnitureFittingsToolsEquipment2024-12-3115594672core:FurnitureFittingsToolsEquipment2024-03-25

WSG FARM LIMITED

Registered Number
15594672
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

WSG FARM LIMITED
Company Information
for the period from 26 March 2024 to 31 December 2024

Directors

PETERS, Benjamin Harry
PETERS, Caroline
PETERS, Samuel William Harry
PETERS, Victoria

Registered Address

2 The Barns, Graystone Plains Lane Hampsthwaite Head
Hampsthwaite
Harrogate
HG3 2HT

Registered Number

15594672 (England and Wales)
WSG FARM LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

£

£

Fixed assets
Tangible assets310,115
Investment property41,228,677
1,238,792
Current assets
Debtors5100
Cash at bank and on hand6,068
6,168
Creditors amounts falling due within one year6(495,272)
Net current assets (liabilities)(489,104)
Total assets less current liabilities749,688
Creditors amounts falling due after one year7(771,913)
Net assets(22,225)
Capital and reserves
Called up share capital100
Profit and loss account(22,325)
Shareholders' funds(22,225)
The financial statements were approved and authorised for issue by the Board of Directors on 18 June 2025, and are signed on its behalf by:
PETERS, Benjamin Harry
Director
Registered Company No. 15594672
WSG FARM LIMITED
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings3
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

2024
Average number of employees during the year4
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
Additions10,3941,80012,194
At 31 December 2410,3941,80012,194
Depreciation and impairment
Charge for year2,079-2,079
At 31 December 242,079-2,079
Net book value
At 31 December 248,3151,80010,115
At 25 March 24---
4.Investment property

£
Additions1,228,677
At 31 December 241,228,677
5.Debtors: amounts due within one year

2024

£
Other debtors100
Total100
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

£
Bank borrowings and overdrafts45,621
Other creditors447,851
Accrued liabilities and deferred income1,800
Total495,272
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities included within creditors, amounts falling due within one year, are secured by the company: Bank loans £45,621
7.Creditors: amounts due after one year

2024

£
Bank borrowings and overdrafts771,913
Total771,913
The following liabilities included within creditors, amounts falling due after one year, are secured by the company: Bank loans £771,913 The loan is split as follows: Bank loans over 1 year - £45,621 Bank loans 2-5 years - £94,297 Bank loans over 5 years - £631,995
8.Controlling party
This company's parent undertaking and ultimate holding company is Prospect Companies Limited, a company registered in England and Wales, company number 15085058. Its registered office is the same as that of WSG Farm Limited.
9.Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.