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NORTHWOODS FARMING LTD

Registered Number
04703319
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

NORTHWOODS FARMING LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

FELL, Stephen Charles Rudston

Company Secretary

FELL, Dorothy Anne

Registered Address

West Grange
Thorganby
York
YO19 6DJ

Registered Number

04703319 (England and Wales)
NORTHWOODS FARMING LTD
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3672,184714,561
672,184714,561
Current assets
Stocks4136,82286,438
Debtors5380,732181,238
Cash at bank and on hand61,56330,188
579,117297,864
Creditors amounts falling due within one year6(487,360)(409,707)
Net current assets (liabilities)91,757(111,843)
Total assets less current liabilities763,941602,718
Creditors amounts falling due after one year7(282,518)(412,346)
Provisions for liabilities8(75,800)(76,936)
Net assets405,623113,436
Capital and reserves
Called up share capital1,0001,000
Profit and loss account404,623112,436
Shareholders' funds405,623113,436
The financial statements were approved and authorised for issue by the Director on 6 August 2025, and are signed on its behalf by:
FELL, Stephen Charles Rudston
Director
Registered Company No. 04703319
NORTHWOODS FARMING LTD
Notes to the Financial Statements
for the year 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.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
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:

Reducing balance (%)Straight line (years)
Land and buildings-25
Plant and machinery25-
Vehicles25-
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
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.
Trade and other creditors
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.
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

20242023
Average number of employees during the year31
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 January 24970,72146,1951,5501,018,466
At 31 December 24970,72146,1951,5501,018,466
Depreciation and impairment
At 01 January 24270,35032,701854303,905
Charge for year38,8293,37417442,377
At 31 December 24309,17936,0751,028346,282
Net book value
At 31 December 24661,54210,120522672,184
At 31 December 23700,37113,494696714,561
4.Stocks

2024

2023

££
Raw materials and consumables136,82286,438
Total136,82286,438
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables30,86927,973
Other debtors345,366148,299
Prepayments and accrued income4,4974,966
Total380,732181,238
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables49,665119,407
Bank borrowings and overdrafts298,347266,057
Taxation and social security117,7662,596
Other creditors19,53119,416
Accrued liabilities and deferred income2,0512,231
Total487,360409,707
Bank borrowing and overdrafts are secured on fixed and floating charge over the assets of the company.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts282,518412,346
Total282,518412,346
Bank borrowing and overdrafts are secured on fixed and floating charge over the assets of the company.
8.Provisions for liabilities
The provision for deferred tax is made up of £75,800 in respect of accelerated capital allowances.

2024

2023

££
Net deferred tax liability (asset)75,80076,936
Total75,80076,936
9.Directors advances, credits and guarantees
On 1 January 2024 a Director owed the Company £1,000. There were no advances or repayments during the year. At 31 December 2024 this Director owed the Company £1,000. No interest was charged on this loan. The loan is repayable on demand.