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REGISTERED NUMBER: 02448583 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

R.G. Walter & Son (Wheatley) Limited

R.G. Walter & Son (Wheatley) Limited (Registered number: 02448583)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


R.G. Walter & Son (Wheatley) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R G Walter
N R Walter





REGISTERED OFFICE: Wheatley Grange Farm
North Wheatley
Nr Retford
Nottinghamshire
DN22 9BQ





REGISTERED NUMBER: 02448583 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R.G. Walter & Son (Wheatley) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.G. Walter & Son (Wheatley) Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R.G. Walter & Son (Wheatley) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.G. Walter & Son (Wheatley) Limited and state those matters that we have agreed to state to the Board of Directors of R.G. Walter & Son (Wheatley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.G. Walter & Son (Wheatley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.G. Walter & Son (Wheatley) 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 profit of R.G. Walter & Son (Wheatley) Limited. You consider that R.G. Walter & Son (Wheatley) 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 R.G. Walter & Son (Wheatley) 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

R.G. Walter & Son (Wheatley) Limited (Registered number: 02448583)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 891,558 921,314

CURRENT ASSETS
Stocks 514,051 496,590
Debtors 5 224,028 195,963
Cash at bank and in hand 127,233 105,287
865,312 797,840
CREDITORS
Amounts falling due within one year 6 340,692 306,216
NET CURRENT ASSETS 524,620 491,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,416,178

1,412,938

CREDITORS
Amounts falling due after more than one
year

7

(41,350

)

(49,951

)

PROVISIONS FOR LIABILITIES (89,513 ) (89,777 )
NET ASSETS 1,285,315 1,273,210

CAPITAL AND RESERVES
Called up share capital 9 103,260 103,260
Capital redemption reserve 99,940 99,940
Retained earnings 1,082,115 1,070,010
SHAREHOLDERS' FUNDS 1,285,315 1,273,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R.G. Walter & Son (Wheatley) Limited (Registered number: 02448583)

Balance Sheet - continued
31 March 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:




R G Walter - Director



N R Walter - Director


R.G. Walter & Son (Wheatley) Limited (Registered number: 02448583)

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

1. STATUTORY INFORMATION

R.G. Walter & Son (Wheatley) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the value of sales of livestock and deadstock received during the year exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land- nil
Freehold buildings- 4% on cost
Capital improvements- 4% on cost
Glasshouses- 5% on cost
Borehole and reservoir- 2% on cost
Computers- 20% on cost
Motor vehicles- 25% on reducing balance
Tractors- 25% on reducing balance
Plant and machinery- 25% on reducing balance

Stock and valuation
Stock and valuation consists of livestock, deadstock and tenantright.

The valuation of tenantright is based on the cost of materials and labour to 31 March 2025 applied to the crops to be harvested in 2025.

Livestock and deadstock are valued at the cost of production which represents the lower of cost and net realisable value.

Financial instruments
Only basic financial instruments as defined in FRS102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payment, discounted at a market rate of interest.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation
Provision is made at current rates for taxation deferred in respect of all material timing differences.


R.G. Walter & Son (Wheatley) Limited (Registered number: 02448583)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are credited to the profit and loss account as they arise.

Financial instruments
Only basic financial instruments as defined in FRS102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payment, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 42 ) .

4. TANGIBLE FIXED ASSETS
Freehold Borehole
land and Capital and
building improvements Glasshouses reservoir
£    £    £    £   
COST
At 1 April 2024 814,256 389,274 178,000 44,274
Additions - - - -
Disposals - - - -
At 31 March 2025 814,256 389,274 178,000 44,274
DEPRECIATION
At 1 April 2024 341,386 304,742 177,220 21,322
Charge for year 7,049 9,274 780 886
Eliminated on disposal - - - -
At 31 March 2025 348,435 314,016 178,000 22,208
NET BOOK VALUE
At 31 March 2025 465,821 75,258 - 22,066
At 31 March 2024 472,870 84,532 780 22,952

R.G. Walter & Son (Wheatley) Limited (Registered number: 02448583)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Plant and Computer Motor
machinery equipment vehicles Tractors Totals
£    £    £    £    £   
COST
At 1 April 2024 1,051,598 8,512 119,421 177,245 2,782,580
Additions 2,168 415 - 78,527 81,110
Disposals - - (15,847 ) (60,000 ) (75,847 )
At 31 March 2025 1,053,766 8,927 103,574 195,772 2,787,843
DEPRECIATION
At 1 April 2024 843,685 7,068 41,558 124,285 1,861,266
Charge for year 38,270 563 18,777 18,338 93,937
Eliminated on disposal - - (13,088 ) (45,830 ) (58,918 )
At 31 March 2025 881,955 7,631 47,247 96,793 1,896,285
NET BOOK VALUE
At 31 March 2025 171,811 1,296 56,327 98,979 891,558
At 31 March 2024 207,913 1,444 77,863 52,960 921,314

Included in cost of land and buildings is freehold land of £ 450,031 (2024 - £ 450,031 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,349 5,464
Other debtors 222,679 190,499
224,028 195,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 16,226 46,695
Hire purchase contracts 50,375 24,614
Trade creditors 107,055 149,935
Taxation and social security 65,260 45,190
Other creditors 101,776 39,782
340,692 306,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 4,140 18,617
Hire purchase contracts 37,210 31,334
41,350 49,951

R.G. Walter & Son (Wheatley) Limited (Registered number: 02448583)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 20,366 65,312
Hire purchase contracts 87,585 55,948
107,951 121,260

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100,060 Redeemable preference shares £1 100,060 100,060
768 Ordinary A £1 768 768
2,432 Ordinary B £1 2,432 2,432
103,260 103,260

The 6% redeemable preference shares are redeemable upon receipt of notice in writing from the relevant shareholder. The amount payable on redemption and the redemption period shall be at the company's option but will not exceed ten years.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
N R Walter
Balance outstanding at start of year 104,914 191,347
Amounts advanced 11,521 13,595
Amounts repaid (35,619 ) (100,028 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,816 104,914