Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30238582236298true2023-10-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03626956 2023-10-01 2024-09-30 03626956 2022-10-01 2023-09-30 03626956 2024-09-30 03626956 2023-09-30 03626956 c:Director1 2023-10-01 2024-09-30 03626956 c:Director2 2023-10-01 2024-09-30 03626956 d:Buildings 2023-10-01 2024-09-30 03626956 d:Buildings 2024-09-30 03626956 d:Buildings 2023-09-30 03626956 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03626956 d:OfficeEquipment 2023-10-01 2024-09-30 03626956 d:OtherPropertyPlantEquipment 2024-09-30 03626956 d:OtherPropertyPlantEquipment 2023-09-30 03626956 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03626956 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03626956 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 03626956 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 03626956 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 03626956 d:CurrentFinancialInstruments 2024-09-30 03626956 d:CurrentFinancialInstruments 2023-09-30 03626956 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03626956 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03626956 c:FRS102 2023-10-01 2024-09-30 03626956 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03626956 c:FullAccounts 2023-10-01 2024-09-30 03626956 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03626956 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 03626956 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03626956 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 03626956 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 03626956 2 2023-10-01 2024-09-30 03626956 4 2023-10-01 2024-09-30 03626956 6 2023-10-01 2024-09-30 03626956 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 
03626956













WOOTTON MARSH FARMS LIMITED


UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WOOTTON MARSH FARMS LIMITED
REGISTERED NUMBER:03626956

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 5 
352,377
373,822

Investments
 6 
20
20

  
352,397
373,842

Current assets
  

Stocks
  
462,405
459,905

Debtors: amounts falling due within one year
 7 
9,744
15,439

Cash at bank and in hand
  
45,742
5,995

  
517,891
481,339

Creditors: amounts falling due within one year
 8 
(750,997)
(736,965)

Net current liabilities
  
 
 
(233,106)
 
 
(255,626)

Total assets less current liabilities
  
119,291
118,216

  

Provisions for liabilities
  

Deferred taxation
 9 
-
(67)

  
 
 
-
 
 
(67)

  

Net assets excluding pension asset
  
119,291
118,149

Net assets
  
119,291
118,149


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
118,291
117,149

  
119,291
118,149


Page 1

 
WOOTTON MARSH FARMS LIMITED
REGISTERED NUMBER:03626956
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
A C Keene
___________________________
Miss S M C Keene
Director
Director


Date: 23 June 2025
Date:23 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Wootton Marsh Farms Limited is a private company limited by shares incorporated in England and Wales, registration number 03626956. The registered office is The Old Hall, Ingoldisthorpe, Kings Lynn, Norfolk. PE31 6NR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistantly applied to all years presented unless otherwise stated. 

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Buildings
-
4% straight line
Office equipment
-
33.3% straight line

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




BPS Entitlements

£





At 1 October 2023
655


Disposals
(655)



At 30 September 2024

-





At 1 October 2023
655


On disposals
(655)



At 30 September 2024

-



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 7

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Land and buildings
Plant and machinery etc
Total

£
£
£



Cost or valuation


At 1 October 2023
527,497
12,343
539,840



At 30 September 2024

527,497
12,343
539,840



Depreciation


At 1 October 2023
154,027
11,991
166,018


Charge for the year on owned assets
21,093
352
21,445



At 30 September 2024

175,120
12,343
187,463



Net book value



At 30 September 2024
352,377
-
352,377



At 30 September 2023
373,470
352
373,822


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 October 2023
20



At 30 September 2024
20




Page 8

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
2,181
10,557

Other debtors
-
1,684

Prepayments and accrued income
1,266
3,198

Deferred taxation
6,297
-

9,744
15,439



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,676
33,936

Other creditors
741,162
696,327

Accruals and deferred income
8,159
6,702

750,997
736,965



9.


Deferred taxation




2024


£






At beginning of year
(67)


Credit to profit or loss
6,364



At end of year
6,297

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(67)

Tax losses carried forward
6,297
-

6,297
(67)

Page 9

 
WOOTTON MARSH FARMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Transactions with directors

The directors have a loan account with the Company. Interest is chargeable on this loan at the discretion of the directors. The directors have agreed that there will be no interest charged on the loan during the year. 
At the year end the Company owed the directors a total of £741,159 (2023: £696,327), this balance is repayable on demand.

 
Page 10