ACCOUNTS - Final Accounts preparation

Registered number: 03276819

WOODFORD HOUSE ESTATES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024


WOODFORD HOUSE ESTATES LIMITED REGISTERED NUMBER:03276819

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	3		364,985		360,046
			364,985		360,046
Current assets
Debtors: amounts falling due within one year	4	707		7,490
Cash at bank and in hand	5	17,341		9,172
		18,048		16,662
Creditors: amounts falling due within one year	6	(15,129)		(3,088)
Net current assets			2,919		13,574
Total assets less current liabilities			367,904		373,620

Net assets			367,904		373,620

Capital and reserves
Called up share capital	325,002	325,002
Profit and loss account	42,902	48,618
	367,904	373,620

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WOODFORD HOUSE ESTATES LIMITED REGISTERED NUMBER:03276819

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

K P Matcham

Director

Date: 24 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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WOODFORD HOUSE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Woodford House Estates Limited is a limited company incorporated in England and Wales.
The address of it's registered office and principle place of business is Woodford House, Addlington Road, Cranford, Kettering NN14 4AP.
The Company's principal activity is mixed farming.
The financial statements are presented in Sterling which is also the financial currency of the Company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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WOODFORD HOUSE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property	-	15% reducing balance
Plant and machinery	-	15% reducing balance
Equipment	-	15% reducing balance

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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WOODFORD HOUSE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.	Tangible fixed assets

	Freehold property	Plant and machinery	Equipment	Freehold Land	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2024	83,935	10,500	25,442	336,175	456,052
Additions	-	-	10,833	-	10,833
At 31 December 2024	83,935	10,500	36,275	336,175	466,885
Depreciation
At 1 January 2024	71,478	7,012	17,516	-	96,006
Charge for the year on owned assets	3,098	523	2,273	-	5,894
At 31 December 2024	74,576	7,535	19,789	-	101,900
Net book value
At 31 December 2024	9,359	2,965	16,486	336,175	364,985
At 31 December 2023	12,457	3,488	7,926	336,175	360,046

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WOODFORD HOUSE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	-	4,700
Amounts owed by related parties	-	370
Other debtors	278	1,880
Prepayments and accrued income	429	540
	707	7,490

5.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	17,341	9,172

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other taxation and social security	2,204	2,188
Other creditors	12,000	-
Accruals and deferred income	925	900
	15,129	3,088

7.	Related party transactions
	At the year end there is £272 (2023: £369) due from a company under common control relating to the recharge of expenses. At the year end there is £12,000 (2023: £nil) due to a company under common control relating to the recharge of expenses.

8.	Controlling party

The ultimate controlling party at the balance sheet date was The Estate of B Matcham.

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