William F.Moore(Warplands)Limited 00451562 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of farming which has remained unchanged since the previous year Digita Accounts Production Advanced 6.30.9574.0 true 00451562 2024-04-01 2025-03-31 00451562 2025-03-31 00451562 bus:OrdinaryShareClass1 2025-03-31 00451562 bus:OrdinaryShareClass2 2025-03-31 00451562 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 00451562 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-03-31 00451562 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-03-31 00451562 core:CurrentFinancialInstruments 2025-03-31 00451562 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00451562 core:Non-currentFinancialInstruments 2025-03-31 00451562 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 00451562 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 00451562 core:MoreThanFiveYears 1 2025-03-31 00451562 core:MoreThanFiveYears 2 2025-03-31 00451562 core:FurnitureFittingsToolsEquipment 2025-03-31 00451562 core:LandBuildings 2025-03-31 00451562 core:MotorVehicles 2025-03-31 00451562 core:OtherPropertyPlantEquipment 2025-03-31 00451562 bus:SmallEntities 2024-04-01 2025-03-31 00451562 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00451562 bus:FilletedAccounts 2024-04-01 2025-03-31 00451562 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00451562 bus:RegisteredOffice 2024-04-01 2025-03-31 00451562 bus:Director2 2024-04-01 2025-03-31 00451562 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 00451562 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 00451562 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00451562 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 00451562 core:LandBuildings 2024-04-01 2025-03-31 00451562 core:MotorVehicles 2024-04-01 2025-03-31 00451562 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 00451562 core:PlantMachinery 2024-04-01 2025-03-31 00451562 countries:England 2024-04-01 2025-03-31 00451562 2024-03-31 00451562 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 00451562 core:FurnitureFittingsToolsEquipment 2024-03-31 00451562 core:LandBuildings 2024-03-31 00451562 core:MotorVehicles 2024-03-31 00451562 core:OtherPropertyPlantEquipment 2024-03-31 00451562 2023-04-01 2024-03-31 00451562 2024-03-31 00451562 bus:OrdinaryShareClass1 2024-03-31 00451562 bus:OrdinaryShareClass2 2024-03-31 00451562 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 00451562 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 00451562 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 00451562 core:CurrentFinancialInstruments 2024-03-31 00451562 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00451562 core:Non-currentFinancialInstruments 2024-03-31 00451562 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00451562 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 00451562 core:MoreThanFiveYears 1 2024-03-31 00451562 core:MoreThanFiveYears 2 2024-03-31 00451562 core:FurnitureFittingsToolsEquipment 2024-03-31 00451562 core:LandBuildings 2024-03-31 00451562 core:MotorVehicles 2024-03-31 00451562 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00451562

William F.Moore(Warplands)Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2025

 

William F.Moore(Warplands)Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

William F.Moore(Warplands)Limited

(Registration number: 00451562)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

200,000

200,000

Tangible assets

5

10,373,986

10,492,384

 

10,573,986

10,692,384

Current assets

 

Stocks

52,002

198,629

Debtors

7

204,088

102,642

Other financial assets

6

694,943

664,249

Cash at bank and in hand

 

130,368

91,203

 

1,081,401

1,056,723

Creditors: Amounts falling due within one year

8

(147,136)

(172,606)

Net current assets

 

934,265

884,117

Total assets less current liabilities

 

11,508,251

11,576,501

Creditors: Amounts falling due after more than one year

8

(2,087,273)

(2,298,027)

Provisions for liabilities

(2,047,001)

(2,049,422)

Net assets

 

7,373,977

7,229,052

Capital and reserves

 

Called up share capital

9

10,500

10,500

Fair value reserve

4,597,888

4,597,888

Other reserves

235,853

213,169

Retained earnings

2,529,736

2,407,495

Shareholders' funds

 

7,373,977

7,229,052

 

William F.Moore(Warplands)Limited

(Registration number: 00451562)
Balance Sheet as at 31 March 2025

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 August 2025 and signed on its behalf by:
 


Mr D J Moore
Director

   
 

William F.Moore(Warplands)Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Fleet House Farm
West Butterwick
Scunthorpe
North Lincolnshire
DN17 3JZ

Registration number: 00451562

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

 

William F.Moore(Warplands)Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The entity took advantage of the transition exemption under FRS102 35.10 freehold property with property previously transferred at deemed cost.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Between 6 and 15 years

Motor vehicles

Over 4 years

Self propelled machinery

Over 10 years

Freehold property

No depreciation is provided on freehold property, as residual value is equivalent to cost and so any depreciation is immaterial

Intangible assets

Intangible fixed assets include the valuation of the farm tenancy agreement. This has been valued and included in the accounts based on original valuation at commencement of tenancy.

No amortisation has been provided in respect of intangible fixed assets; this constitutes a departure from the financial reporting standard 102 which requires intangible fixed assets to be amortised over the life of the asset, and is necessary to enable the accounts to give a true and fair view. The residual value of such tenancies can be reliably valued and the residual value is equivalent to cost and as such any amortisation is immaterial.

Investments

Investments in shares are included at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

William F.Moore(Warplands)Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are professionally valued at the lower of cost and net realisable value by DDM Agriculture Limited.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

William F.Moore(Warplands)Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 6 (2024 - 7).

 

William F.Moore(Warplands)Limited

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

4

Intangible assets

Tenancy
 £

Total
£

Cost or valuation

At 1 April 2024

200,000

200,000

At 31 March 2025

200,000

200,000

Amortisation

At 1 April 2024

-

-

At 31 March 2025

-

-

Carrying amount

At 31 March 2025

200,000

200,000

At 31 March 2024

200,000

200,000

5

Tangible assets

Land and buildings
£

Plant and machinery
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

9,542,890

1,186,294

186,352

872,930

11,788,466

Additions

44,614

17,300

-

-

61,914

Disposals

-

(8,150)

(4,495)

-

(12,645)

At 31 March 2025

9,587,504

1,195,444

181,857

872,930

11,837,735

Depreciation

At 1 April 2024

-

873,196

57,346

365,540

1,296,082

Charge for the year

-

57,721

33,433

82,128

173,282

Eliminated on disposal

-

(1,121)

(4,494)

-

(5,615)

At 31 March 2025

-

929,796

86,285

447,668

1,463,749

Carrying amount

At 31 March 2025

9,587,504

265,648

95,572

425,262

10,373,986

At 31 March 2024

9,542,890

313,098

129,006

507,390

10,492,384

Included within the net book value of land and buildings above is £9,587,504 (2024 - £9,542,890) in respect of freehold land and buildings.
 

 

William F.Moore(Warplands)Limited

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

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 April 2024

664,249

664,249

Fair value adjustments

30,409

30,409

Additions

285

285

At 31 March 2025

694,943

694,943

Impairment

At 1 April 2024

-

-

At 31 March 2025

-

-

Carrying amount

At 31 March 2025

694,943

694,943

At 31 March 2024

664,249

664,249

7

Debtors

2025
£

2024
£

Trade debtors

116,809

52,255

Other debtors

87,279

50,387

Total current trade and other debtors

204,088

102,642

 

William F.Moore(Warplands)Limited

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

8

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

54,416

64,880

Trade payables

 

27,208

45,096

Social security and other taxes

 

51,560

2,449

Other payables

 

13,952

60,181

 

147,136

172,606

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £44,416. (2024 - £54,880).

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

2,087,273

2,298,027

2025
£

2024
£

Due after more than five years

After more than five years by instalments

684,395

884,956

After more than five years not by instalments

550,000

550,000

1,234,395

1,434,956

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £885,606. (2024 - £1,036,360).

Creditors include bank loans repayable by instalments of £684,395 (2024 - £884,956) due after more than five years. The repayment mortgage is payable by installments over 25 years and is secured by legal charges on the company's properties.

Creditors include bank loans not repayable by instalments of £550,000 (2024 - £550,000) due after more than five years. The interest only mortgage is wholly payable after more than five years and is secured by legal charges on the company's properties.

 

William F.Moore(Warplands)Limited

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

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A shares of £1 each

1,500

1,500

1,500

1,500

Ordinary B shares of £1 each

9,000

9,000

9,000

9,000

10,500

10,500

10,500

10,500

10

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

47,438

36,068

Hire purchase contracts

6,978

28,812

54,416

64,880

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

1,423,251

1,576,962

Hire purchase contracts

14,022

21,065

Other borrowings

650,000

700,000

2,087,273

2,298,027