REGISTERED NUMBER: 07952138 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wheathill Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

140,700

145,423

Herd

5

291,372

280,216

432,072

425,639

CURRENT ASSETS

Stocks

6

47,648

20,946

Debtors

7

96,738

93,178

Cash at bank and in hand

813,154

692,395

957,540

806,519

CREDITORS

Amounts falling due within one year

8

146,048

127,907

NET CURRENT ASSETS

811,492

678,612

TOTAL ASSETS LESS CURRENT LIABILITIES

1,243,564

1,104,251

PROVISIONS FOR LIABILITIES

35,175

36,356

NET ASSETS

1,208,389

1,067,895

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,208,386

1,067,892

1,208,389

1,067,895

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2025 and were signed on its behalf by:

J D Elwood - Director

1.	STATUTORY INFORMATION

Wheathill Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07952138

Registered office:

Oake House

Silver Street

West Buckland

Wellington

Somerset

TA21 9LR

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, 5% on reducing balance and 5% on cost

Biological non current assets

Biological non current assets are valued at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Dairy cows - 20% straight line

Dairy bulls - 20% straight line

Stocks

Stock is valued at the lower of cost and net realisable value. Home grown produce has been valued in accordance with H M Revenue & Customs guidance HS232.

Financial instruments

Classification

The company holds the following financial instruments:

Short term debtors and creditors; and

Cash and bank balances;

All financial instruments are classified as basic.

Recognition and measurement

The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

283,329

Additions

12,433

Disposals

(1,185

)

At 31 March 2025

294,577

DEPRECIATION

At 1 April 2024

137,906

Charge for year

16,709

Eliminated on disposal

(738

)

At 31 March 2025

153,877

NET BOOK VALUE

At 31 March 2025

140,700

At 31 March 2024

145,423

5.

HERD

Dairy

herd

£

COST

At 1 April 2024

366,819

Additions

75,600

Disposals

(92,600

)

At 31 March 2025

349,819

DEPRECIATION

At 1 April 2024

86,603

Charge for year

8,124

Eliminated on disposal

(36,280

)

At 31 March 2025

58,447

NET BOOK VALUE

At 31 March 2025

291,372

At 31 March 2024

280,216

6.

STOCKS

2025

2024

£

£

Stocks

47,648

20,946

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

93,038

89,406

VAT

3,218

3,290

Prepayments and accrued income

482

482

96,738

93,178

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

44,212

27,027

Tax

53,343

58,854

Other creditors

45,723

39,201

Accruals and deferred income

2,770

2,825

146,048

127,907