Webb and Jeffery Farming Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07872337

Webb and Jeffery Farming Ltd

Filleted Unaudited Financial Statements

31 December 2024

Webb and Jeffery Farming Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	1,364	1,819
Tangible assets	6	234,510	110,960
		---------	---------
		235,874	112,779

Current assets

Stocks		1,780	1,335
Debtors	7	31,292	5,437
Cash at bank and in hand		303,708	22,903
		---------	--------
		336,780	29,675

Creditors: amounts falling due within one year	8	559,270		133,430
		---------		---------
Net current liabilities			222,490	103,755
			---------	---------
Total assets less current liabilities			13,384	9,024

Provisions

Taxation including deferred tax	39,313	6,275
	--------	-------
Net (liabilities)/assets	( 25,929)	2,749
	--------	-------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 26,929)	1,749
	--------	-------
Shareholders (deficit)/funds	( 25,929)	2,749
	--------	-------

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 .

Webb and Jeffery Farming Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr C J Jeffery

Director

Company registration number: 07872337

Webb and Jeffery Farming Ltd

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. The address of the registered office is Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Tenants improvements	-	2% straight line
Plant & machinery	-	10% straight line
Fitness equipment	-	10% straight line
Motor vehicles	-	25% reducing balance

Fixtures, fittings & equipment	-	10% straight line
Fixtures, fittings & equipment - Holiday Barn	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: Nil).

5. Intangible assets

	Development costs
	£
Cost
At 1 January 2024 and 31 December 2024	2,274
	-------
Amortisation
At 1 January 2024	455
Charge for the year	455
	-------
At 31 December 2024	910
	-------
Carrying amount
At 31 December 2024	1,364
	-------
At 31 December 2023	1,819
	-------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	User defined asset	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	95,443	31,310	22,411	( 74)	–	149,090
Additions	1,870	32,775	14,661	–	100,000	149,306
Other movements	–	( 4,222)	( 669)	–	–	( 4,891)
	--------	--------	--------	----	---------	---------
At 31 Dec 2024	97,313	59,863	36,403	( 74)	100,000	293,505
	--------	--------	--------	----	---------	---------
Depreciation
At 1 Jan 2024	12,021	14,033	12,150	( 74)	–	38,130
Charge for the year	1,946	5,821	3,098	–	10,000	20,865
	--------	--------	--------	----	---------	---------
At 31 Dec 2024	13,967	19,854	15,248	( 74)	10,000	58,995
	--------	--------	--------	----	---------	---------
Carrying amount
At 31 Dec 2024	83,346	40,009	21,155	–	90,000	234,510
	--------	--------	--------	----	---------	---------
At 31 Dec 2023	83,422	17,277	10,261	–	–	110,960
	--------	--------	--------	----	---------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	973	2,396
Other debtors	30,319	3,041
	--------	-------
	31,292	5,437
	--------	-------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	12,753	874
Other creditors	546,517	132,556
	---------	---------
	559,270	133,430
	---------	---------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C J Jeffery	( 60,966)	( 196,725)	( 257,691)
Mrs C L Jeffery	( 60,966)	( 196,724)	( 257,690)
	---------	---------	---------
	( 121,932)	( 393,449)	( 515,381)
	---------	---------	---------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C J Jeffery	( 61,118)	152	( 60,966)
Mrs C L Jeffery	( 61,118)	152	( 60,966)
	---------	----	---------
	( 122,236)	304	( 121,932)
	---------	----	---------