60 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 20 20 20 xbrli:pure xbrli:shares iso4217:GBP 01669296 2024-01-01 2024-12-31 01669296 2024-12-31 01669296 2023-12-31 01669296 2023-01-01 2023-12-31 01669296 2023-12-31 01669296 2022-12-31 01669296 core:LandBuildings core:LongLeaseholdAssets 2024-01-01 2024-12-31 01669296 core:PlantMachinery 2024-01-01 2024-12-31 01669296 core:MotorVehicles 2024-01-01 2024-12-31 01669296 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01669296 bus:Director1 2024-01-01 2024-12-31 01669296 core:WithinOneYear 2024-12-31 01669296 core:WithinOneYear 2023-12-31 01669296 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 01669296 core:PlantMachinery 2023-12-31 01669296 core:FurnitureFittingsToolsEquipment 2023-12-31 01669296 core:MotorVehicles 2023-12-31 01669296 core:LandBuildings core:LongLeaseholdAssets 2024-12-31 01669296 core:PlantMachinery 2024-12-31 01669296 core:FurnitureFittingsToolsEquipment 2024-12-31 01669296 core:MotorVehicles 2024-12-31 01669296 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 01669296 core:AfterOneYear 2024-12-31 01669296 core:AfterOneYear 2023-12-31 01669296 core:ShareCapital 2024-12-31 01669296 core:ShareCapital 2023-12-31 01669296 core:RetainedEarningsAccumulatedLosses 2024-12-31 01669296 core:RetainedEarningsAccumulatedLosses 2023-12-31 01669296 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 01669296 core:Non-currentFinancialInstruments 2024-12-31 01669296 core:Non-currentFinancialInstruments 2023-12-31 01669296 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 01669296 core:PlantMachinery 2023-12-31 01669296 core:FurnitureFittingsToolsEquipment 2023-12-31 01669296 core:MotorVehicles 2023-12-31 01669296 bus:SmallEntities 2024-01-01 2024-12-31 01669296 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01669296 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01669296 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01669296 bus:FullAccounts 2024-01-01 2024-12-31 01669296 bus:OrdinaryShareClass1 2024-12-31 01669296 bus:OrdinaryShareClass1 2023-12-31 01669296 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 01669296 core:OtherPropertyPlantEquipment 2023-12-31 01669296 core:OtherPropertyPlantEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 01669296
Wroxham Barns Limited
Unaudited financial statements
31 December 2024
Wroxham Barns Limited
Statement of financial position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
815,961
862,205
Investments
6
20
20
---------
---------
815,981
862,225
Current assets
Stocks
49,834
47,929
Debtors
7
62,226
58,061
Cash at bank and in hand
5,333
7,471
---------
---------
117,393
113,461
Creditors: amounts falling due within one year
8
( 891,694)
( 639,277)
---------
---------
Net current liabilities
( 774,301)
( 525,816)
---------
---------
Total assets less current liabilities
41,680
336,409
Creditors: amounts falling due after more than one year
9
( 520,405)
( 657,017)
Provisions
Taxation including deferred tax
( 22,787)
---------
---------
Net liabilities
( 478,725)
( 343,395)
---------
---------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
( 478,825)
( 343,495)
---------
---------
Shareholders deficit
( 478,725)
( 343,395)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Wroxham Barns Limited
Statement of financial position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:
I A Russell
Director
Company registration number: 01669296
Wroxham Barns Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Tunstead Road, Hoveton, Norfolk, NR12 8QU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Deferred tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Going concern
The directors have prepared the accounts on the going concern basis, despite the net current liabilities and deficit position shown on the balance sheet. The directors consider that the company has adequate sources of funding to continue to trade for the foreseeable future.
Revenue recognition
Turnover is the total amount receivable by the company in the ordinary course of business with outside customers for goods supplied, services provided and rents receivable as a principal, excluding VAT and trade discounts.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Tangible assets
Tangible assets, including biological assets, are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
4% straight line
Plant & machinery
-
20% straight line
Fixtures, fittings and equipment
-
10-25% straight line
Motor vehicles
-
10% straight line
Farm animals
-
20% straight line
Farm animals are depreciated on a 20% straight line basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest rate method.
4. Employee numbers
The average number of employees during the year was 60 (2023: 59 ).
5. Tangible assets
Long leasehold property
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Farm animals
Total
£
£
£
£
£
£
Cost
At 1 Jan 2024
1,319,552
179,115
593,484
28,282
6,180
2,126,613
Additions
61,810
18,250
13,131
1,600
94,791
Disposals
( 4,060)
( 21,672)
( 11,362)
( 690)
( 37,784)
-----------
---------
---------
-------
------
-----------
At 31 Dec 2024
1,377,302
175,693
595,253
28,282
7,090
2,183,620
-----------
---------
---------
-------
------
-----------
Depreciation
At 1 Jan 2024
866,038
145,594
245,222
5,366
2,188
1,264,408
Charge for the year
49,541
13,543
71,268
2,828
1,427
138,607
Disposals
( 4,059)
( 20,694)
( 10,063)
( 540)
( 35,356)
-----------
---------
---------
-------
------
-----------
At 31 Dec 2024
911,520
138,443
306,427
8,194
3,075
1,367,659
-----------
---------
---------
-------
------
-----------
Carrying amount
At 31 Dec 2024
465,782
37,250
288,826
20,088
4,015
815,961
-----------
---------
---------
-------
------
-----------
At 31 Dec 2023
453,514
33,521
348,262
22,916
3,992
862,205
-----------
---------
---------
-------
------
-----------
6. Investments
Other investments other than loans
£
Cost
At 1 Jan 2024 and 31 Dec 2024
20
----
Impairment
At 1 Jan 2024 and 31 Dec 2024
----
Carrying amount
At 31 Dec 2024
20
----
At 31 Dec 2023
20
----
7. Debtors
2024
2023
£
£
Trade debtors
20,450
23,597
Deferred tax asset
2,330
Prepayments and accrued income
39,446
34,414
Other debtors
50
-------
-------
62,226
58,061
-------
-------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Deferred tax asset
2,330
------
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
19,660
10,000
Trade creditors
133,256
127,586
Accruals and deferred income
87,554
85,797
Social security and other taxes
19,231
86,223
Obligations under finance leases and hire purchase contracts
22,019
46,685
Director loan accounts
470,114
142,319
Other loans
137,319
137,319
Other creditors
2,541
3,348
---------
---------
891,694
639,277
---------
---------
The following liabilities disclosed under Creditors: amounts falling due within one year are secured by the company: 2024 2023 £ £
Bank loans and overdrafts 19,660 10,000
Obligations under hire purchase contracts 22,019 46,685
The bank loans and overdrafts are secured by way of a charge over the leasehold property and a fixed and floating charge over the assets of the company. Obligations under hire purchase contracts are secured over the assets concerned.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,133
14,200
Obligations under finance leases and hire purchase contracts
23,932
Director loan accounts
177,765
177,765
Other loans
338,507
441,120
---------
---------
520,405
657,017
---------
---------
Included within creditors: amounts falling due after more than one year is a directors loan amount of £131,479 (2023: £131,479) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years. The following liabilities disclosed under creditors falling due later than one year are secured by the company: 2024 2023 £ £
Bank loans and overdraft 4,133 14,200
Obligations under hire purchase contracts - 23,932
The bank loans and overdrafts are secured by way of a charge over the leasehold property and a fixed and floating charge over the assets of the company. Obligations under hire purchase contracts are secured over the assets concerned.
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
------
-------
11. Other financial commitments
The total future minimum lease payments under non-cancellable operating leases are £20,000 (2023: £20,000).