Whithurst Park Farms Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01146034

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Whithurst Park Farms Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R I G Taylor

R A Englert

SECRETARY:

R A Englert

REGISTERED OFFICE:

Myrtle House

High Street

HENFIELD

West Sussex

BN5 9DA

REGISTERED NUMBER:

01146034

ACCOUNTANTS:

Michael Finn & Co

Chartered Certified Accountants

Myrtle House

High Street

Henfield

West Sussex

BN5 9DA

FIXED ASSETS

Tangible assets

4

7,017,750

6,723,277

Investments

5

4,629,596

Investment property

6

1,610,074

13,257,420

12,962,947

CURRENT ASSETS

Debtors

7

642,389

636,090

Cash at bank

1,412

20,883

643,801

656,973

CREDITORS

Amounts falling due within one year

8

396,013

225,290

NET CURRENT ASSETS

247,788

431,683

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,505,208

13,394,630

CREDITORS

Amounts falling due after more than one
year

9

3,939,882

4,305,331

NET ASSETS

9,565,326

9,089,299

CAPITAL AND RESERVES

Called up share capital

69,069

Retained earnings

9,496,257

9,020,230

SHAREHOLDERS' FUNDS

9,565,326

9,089,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

R I G Taylor - Director

1.	STATUTORY INFORMATION

Whithurst Park Farms Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Farm land

Improvement

Freehold

Short

and

to

property

leasehold

buildings

property

£

COST

At 1 April 2024

631,321

1,000

5,253,459

805,764

Additions

-

289,419

4,597

Disposals

(2,500

)

-

At 31 March 2025

628,821

1,000

5,542,878

810,361

DEPRECIATION

At 1 April 2024

-

Charge for year

-

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

628,821

1,000

5,542,878

810,361

At 31 March 2024

631,321

1,000

5,253,459

805,764

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

122,056

249,949

46,101

6,754

7,116,404

Additions

10,188

1,258

-

305,462

Disposals

-

(2,500

)

At 31 March 2025

132,244

251,207

46,101

6,754

7,419,366

DEPRECIATION

At 1 April 2024

112,422

228,556

45,809

6,340

393,127

Charge for year

4,956

3,398

73

62

8,489

At 31 March 2025

117,378

231,954

45,882

6,402

401,616

NET BOOK VALUE

At 31 March 2025

14,866

19,253

219

352

7,017,750

At 31 March 2024

9,634

21,393

292

414

6,723,277

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

4,634,596

PROVISIONS

At 1 April 2024

and 31 March 2025

5,000

NET BOOK VALUE

At 31 March 2025

4,629,596

At 31 March 2024

4,629,596

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,610,074

NET BOOK VALUE

At 31 March 2025

1,610,074

At 31 March 2024

1,610,074

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

63,914

53,957

Other debtors

578,475

Prepayments

-

3,658

642,389

636,090

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

3,917

1,381

Corporation Tax

53,990

82,525

Social security and other taxes

1,645

-

VAT

10,944

9,200

Other Creditors including VAT

200,000

-

Accruals

12,350

12,416

Deferred income

38,167

44,768

Directors' current accounts

75,000

396,013

225,290

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Directors Loan Account

3,939,882

4,305,331

10.	SECURED DEBTS

Barclays Bank Plc. have a charge on the freehold and leasehold property of the company.

11.	RELATED PARTY DISCLOSURES

During the year the Directors purchased an investment property from the company at market value, being £635,000. The transaction was facilitated via the Director's loan account, with associated costs being paid by the Directors personally.