Registration number: 14176749

Woodthorpe Hall Farms Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Woodthorpe Hall Farms Limited

Company Information

Directors

O Stubbs R J Stubbs

Registered office

Barnby End Gayton le Marsh Alford Lincolnshire LN13 0NW

Woodthorpe Hall Farms Limited

(Registration number: 14176749)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,395,872	739,779
Other financial assets	5	1	1
		1,395,873	739,780
Current assets
Stocks	6	414,189	672,475
Debtors	7	162,074	162,595
Cash at bank and in hand		7,746	43,553
		584,009	878,623
Creditors: Amounts falling due within one year	8	(1,575,167)	(880,165)
Net current liabilities		(991,158)	(1,542)
Total assets less current liabilities		404,715	738,238
Creditors: Amounts falling due after more than one year	8	(578,516)	(598,813)
Provisions for liabilities		(34,365)	(36,234)
Net (liabilities)/assets		(208,166)	103,191
Capital and reserves
Called up share capital	9	100	100
Retained earnings		(208,266)	103,091
Shareholders' (deficit)/funds		(208,166)	103,191

For the financial year ending 30 November 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 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.

Woodthorpe Hall Farms Limited

(Registration number: 14176749)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

......................................... O Stubbs Director

......................................... R J Stubbs Director

Woodthorpe Hall Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 14176749.

The address of its registered office is:
Barnby End
Gayton le Marsh
Alford
Lincolnshire
LN13 0NW

These financial statements were authorised for issue by the Board on 19 September 2025.

These accounts cover the individual entity, Woodthorpe Hall Farms Limited.

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 including Section 1A - '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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The company is financed by a significant interest free loan from one of the directors. The directors have made assurances that the company will continue to receive financial support from the director and that no repayments of the loan will be demanded until the company's cash flow is adequate.The directors have also made assurances that the company should generate profits in the next accounting period. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

Woodthorpe Hall Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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
Implements & machinery	15% reducing balance basis
Self propelled machinery	20% reducing balance basis
Motor vehicles	25% reducing balance basis
Freehold property	nil

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Long comparative period

The comparative period was seventeen months long.

Departures from Companies Act requirements

No depreciation has been charged on freehold buildings as they are maintained to such a standard that their residual value is not less than their cost. Management have concluded that this does not affect the financial statements from showing a true and fair view. Apart from this departure the company has complied with the relevant accounting standards and legislation.

Stock and Farm Valuation

The basis of valuation is as follows:

Raw materials and consumables are stated at the lower of cost or net realisable value.

Tenantright is calculated by a combination of actual costs incurred and standard costs.

Produce on hand is valued at deemed cost.

Livestock is valued at the lower of standard cost or net realisable value.

Standard costings used are based upon calculation prepared by the Central Association of Agricultural Valuers.

The basis of valuation is consistent with previous years.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Woodthorpe Hall Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

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 at the transaction price 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.

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 at the transaction price.

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.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 during the year, was 2 (2023 - 2).

Woodthorpe Hall Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4	Tangible assets

	Land and buildings £	Plant and Equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2023	378,672	436,678	20,457	835,807
Additions	687,664	118,269	-	805,933
Disposals	-	(117,965)	-	(117,965)
At 30 November 2024	1,066,336	436,982	20,457	1,523,775
Depreciation
At 1 December 2023	-	89,208	6,820	96,028
Charge for the year	-	59,987	3,410	63,397
Eliminated on disposal	-	(31,522)	-	(31,522)
At 30 November 2024	-	117,673	10,230	127,903
Carrying amount
At 30 November 2024	1,066,336	319,309	10,227	1,395,872
At 30 November 2023	378,672	347,470	13,637	739,779

5	Investments

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 December 2023	1	1
At 30 November 2024	1	1
Carrying amount
At 30 November 2024	1	1

6

Stocks

	2024 £	2023 £
Raw materials and consumables	39,835	71,515
Tenantright	136,505	120,798
Finished goods and goods for resale	237,849	480,162
	414,189	672,475

Woodthorpe Hall Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Debtors

Current	2024 £	2023 £
Trade debtors	124,999	112,192
Prepayments and accrued income	6,383	10,415
Other debtors	30,692	39,988
	162,074	162,595

Woodthorpe Hall Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdraft	10	13,330	12,006
Trade creditors		533,394	337,326
Taxation and social security		-	15,386
Accruals and deferred income		33,237	43,198
Other creditors		995,206	472,249
		1,575,167	880,165