REGISTERED NUMBER: 03115157 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WEARDALE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M F Stone

A J Stone

REGISTERED OFFICE:

The Estate Office

Ozleworth Park

Wotton-Under-Edge

Gloucs

GL12 7QA

REGISTERED NUMBER:

03115157 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

3,487,445

3,487,445

Tangible assets

5

8,258,396

8,321,753

Investments

6

-

84,009

11,745,841

11,893,207

CURRENT ASSETS

Stocks

143,728

135,201

Debtors

7

791,852

761,619

Cash at bank and in hand

91,023

40,104

1,026,603

936,924

CREDITORS

Amounts falling due within one year

8

1,056,072

383,168

NET CURRENT (LIABILITIES)/ASSETS

(29,469

)

553,756

TOTAL ASSETS LESS CURRENT LIABILITIES

11,716,372

12,446,963

CREDITORS

Amounts falling due after more than one year

9

260,000

260,000

NET ASSETS

11,456,372

12,186,963

CAPITAL AND RESERVES

Called up share capital

666

666

Share premium

5,874,954

5,874,954

Retained earnings

5,580,752

6,311,343

11,456,372

12,186,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

A J Stone - Director

Mrs M F Stone - Director

1.	STATUTORY INFORMATION

Weardale Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

The directors have considered the risks and issues concerning the company and its activities, and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Fixed asset investments

Fixed Assets Investments are represented at the Market Value at the Balance Sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

3,487,445

NET BOOK VALUE

At 31 December 2024

3,487,445

At 31 December 2023

3,487,445

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

9,436,382

768,949

461,674

Additions

110,701

-

4,400

Disposals

-

-

-

At 31 December 2024

9,547,083

768,949

466,074

DEPRECIATION

At 1 January 2024

1,584,900

683,429

390,427

Charge for year

113,203

21,380

18,101

At 31 December 2024

1,698,103

704,809

408,528

NET BOOK VALUE

At 31 December 2024

7,848,980

64,140

57,546

At 31 December 2023

7,851,482

85,520

71,247

Motor

vehicles

Herd

Totals

£

£

£

COST

At 1 January 2024

478,633

103,845

11,249,483

Additions

26,300

12,061

153,462

Disposals

-

(6,612

)

(6,612

)

At 31 December 2024

504,933

109,294

11,396,333

DEPRECIATION

At 1 January 2024

268,974

-

2,927,730

Charge for year

57,523

-

210,207

At 31 December 2024

326,497

-

3,137,937

NET BOOK VALUE

At 31 December 2024

178,436

109,294

8,258,396

At 31 December 2023

209,659

103,845

8,321,753

6.	FIXED ASSET INVESTMENTS

During the year the investments were fully disposed of; the opening valuation of £84,009 achieved a sale price of £137,104 giving a profit of £53,095 during the year.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade debtors

1,828

14,459

Amounts owed by group undertakings

634,242

633,060

VAT

37,052

30,370

Prepayments and accrued income

118,730

83,730

791,852

761,619

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade creditors

60,725

98,302

Social security and other taxes

7,027

9,393

Directors' current accounts

699,276

11,897

Accruals and deferred income

289,044

263,576

1,056,072

383,168

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as

restated

£

£

Accruals and deferred income

260,000

260,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

as

restated

£

£

A J Stone

Balance outstanding at start of year

(11,897

)

1,350,000

Amounts advanced

3,650

1,150,798

Amounts repaid

(691,029

)

(2,512,695

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(699,276

)

(11,897

)

No interest is being charged on the loan account and there are no set repayment terms.