Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Ms L A Wastenage 04/03/2017 Mr P H Wastenage 04/03/2017 01 September 2025 The principal activity of the company during the financial year was mixed farming. 10652627 2024-12-31 10652627 bus:Director1 2024-12-31 10652627 bus:Director2 2024-12-31 10652627 2023-12-31 10652627 core:CurrentFinancialInstruments 2024-12-31 10652627 core:CurrentFinancialInstruments 2023-12-31 10652627 core:Non-currentFinancialInstruments 2024-12-31 10652627 core:Non-currentFinancialInstruments 2023-12-31 10652627 core:ShareCapital 2024-12-31 10652627 core:ShareCapital 2023-12-31 10652627 core:RetainedEarningsAccumulatedLosses 2024-12-31 10652627 core:RetainedEarningsAccumulatedLosses 2023-12-31 10652627 core:OtherResidualIntangibleAssets 2023-12-31 10652627 core:OtherResidualIntangibleAssets 2024-12-31 10652627 core:LandBuildings 2023-12-31 10652627 core:PlantMachinery 2023-12-31 10652627 core:Vehicles 2023-12-31 10652627 core:LandBuildings 2024-12-31 10652627 core:PlantMachinery 2024-12-31 10652627 core:Vehicles 2024-12-31 10652627 core:ConsumableBiologicalAssetClass1 2023-12-31 10652627 core:BearerBiologicalAssetClass1 2023-12-31 10652627 core:ConsumableBiologicalAssetClass1 2024-12-31 10652627 core:BearerBiologicalAssetClass1 2024-12-31 10652627 core:CostValuation 2023-12-31 10652627 core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 10652627 core:CostValuation 2024-12-31 10652627 2024-01-01 2024-12-31 10652627 bus:FilletedAccounts 2024-01-01 2024-12-31 10652627 bus:SmallEntities 2024-01-01 2024-12-31 10652627 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10652627 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10652627 bus:Director1 2024-01-01 2024-12-31 10652627 bus:Director2 2024-01-01 2024-12-31 10652627 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 10652627 core:PlantMachinery 2024-01-01 2024-12-31 10652627 core:Vehicles 2024-01-01 2024-12-31 10652627 2023-01-01 2023-12-31 10652627 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 10652627 core:LandBuildings 2024-01-01 2024-12-31 10652627 core:ConsumableBiologicalAssetClass1 2024-01-01 2024-12-31 10652627 core:BearerBiologicalAssetClass1 2024-01-01 2024-12-31 10652627 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 10652627 (England and Wales)

H&AA WASTENAGE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

H&AA WASTENAGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

H&AA WASTENAGE LIMITED

BALANCE SHEET

As at 31 December 2024
H&AA WASTENAGE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 5 764,419 851,695
Biological assets 6 583,952 793,222
Investments 7 65,901 56,039
1,414,272 1,700,956
Current assets
Stocks 8 207,493 243,267
Debtors 9 99,647 149,424
Cash at bank and in hand 19,957 0
327,097 392,691
Creditors: amounts falling due within one year 10 ( 759,219) ( 1,028,332)
Net current liabilities (432,122) (635,641)
Total assets less current liabilities 982,150 1,065,315
Creditors: amounts falling due after more than one year 11 ( 92,461) ( 98,519)
Provision for liabilities ( 107,461) ( 67,707)
Net assets 782,228 899,089
Capital and reserves
Called-up share capital 480 480
Profit and loss account 781,748 898,609
Total shareholders' funds 782,228 899,089

For the financial 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 financial statements of H&AA Wastenage Limited (registered number: 10652627) were approved and authorised for issue by the Board of Directors on 01 September 2025. They were signed on its behalf by:

Mr P H Wastenage
Director
H&AA WASTENAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
H&AA WASTENAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H&AA Wastenage Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tidwell Barton East Budleigh, Budleigh, Salterton, EX9 7AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery 15 % reducing balance
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Biological assets

The Company owned a dairy herd and goat tribe. In accordance with FRS102, these are defined as biological assets.

Biological non current assets are valued at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life.

Dairy cows - 33% straight line
Dairy bulls - 20% straight line
Goats - 25% straight line
Billies - 25% straight line

Fixed asset investments

Investments are recognised at cost. Arla cost is estimated as the value of the members capital account

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior year adjustment

During the year, the company identified an error in the market value of assets and an understatement of liabilities in the financial statements for the year ended 31 December 2023.

The error has been corrected by restating the comparative amounts for 2023.

The opening balance of retained earnings at 1 January 2024 has also been adjusted accordingly.

As previously reported Adjustment As restated
Year ended 31 December 2023 £ £ £
Biological assets 238,968 554,254 793,222
Debtors 183,587 (34,163) 149,424
Creditors: amounts falling due within one year 474,078 554,254 1,028,332
Provision for liabilities 0 67,707 67,707
Profit and loss account 1,000,479 (101,870) 898,609

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 7

4. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2024 52,228 52,228
Disposals ( 52,228) ( 52,228)
At 31 December 2024 0 0
Accumulated amortisation
At 01 January 2024 52,228 52,228
Disposals ( 52,228) ( 52,228)
At 31 December 2024 0 0
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

5. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 January 2024 783,624 135,151 296,634 1,215,409
At 31 December 2024 783,624 135,151 296,634 1,215,409
Accumulated depreciation
At 01 January 2024 191,494 58,728 113,492 363,714
Charge for the financial year 39,182 11,465 36,629 87,276
At 31 December 2024 230,676 70,193 150,121 450,990
Net book value
At 31 December 2024 552,948 64,958 146,513 764,419
At 31 December 2023 592,130 76,423 183,142 851,695

6. Biological assets

2024
£
Biological assets at cost 583,952

Assets held at cost:

Dairy Goat Total
£ £ £
Cost
At 01 January 2024 729,250 75,800 805,050
Increase due to purchases/ transfers in 2,000 32,100 34,100
Decrease attributable to sales/ transfers out ( 150,500) ( 30,900) ( 181,400)
At 31 December 2024 580,750 77,000 657,750
Accumulated depreciation
At 01 January 2024 ( 35) 11,863 11,828
Charge for the financial year 63,430 5,240 68,670
Decrease attributable to sales/ transfers out 0 ( 6,700) ( 6,700)
At 31 December 2024 63,395 10,403 73,798
Net book value
At 31 December 2024 517,355 66,597 583,952
At 31 December 2023 729,285 63,937 793,222

7. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 56,039 56,039
Movement in fair value 9,862 9,862
At 31 December 2024 65,901 65,901
Carrying value at 31 December 2024 65,901 65,901
Carrying value at 31 December 2023 56,039 56,039

8. Stocks

2024 2023
£ £
Stocks 207,493 243,267

9. Debtors

2024 2023
£ £
Trade debtors 66,208 109,256
Other debtors 33,439 40,168
99,647 149,424

10. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 0 160,139
Trade creditors 60,109 147,722
Amounts owed to directors 636,325 692,104
Accruals 34,068 18,695
Other taxation and social security 2,454 3,614
Other creditors 26,263 6,058
759,219 1,028,332

11. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 92,461 98,519

There are no amounts included above in respect of which any security has been given by the small entity.