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Registration number: 01744823

Wick Farm Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Wick Farm Ltd
(Registration number: 01744823)

Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,524,136 | 1,548,798
Investments |  | 50 | 50
|  | 1,524,186 | 1,548,848
Current assets |  |  |
Stocks |  | 205,723 | 203,099
Debtors | 5 | 221,777 | 263,054
Cash at bank and in hand |  | 238,308 | 127,731
|  | 665,808 | 593,884
Creditors: Amounts falling due within one year | 6 | (266,889) | (189,183)
Net current assets |  | 398,919 | 404,701
Total assets less current liabilities |  | 1,923,105 | 1,953,549
Creditors: Amounts falling due after more than one year | 6 | - | (40,093)
Provisions for liabilities |  | (120,187) | (145,389)
Net assets |  | 1,802,918 | 1,768,067
Capital and reserves |  |  |
Called up share capital |  | 7,550 | 7,550
Revaluation reserve |  | 408,386 | 408,386
Profit and loss account |  | 1,386,982 | 1,352,131
Shareholders' funds |  | 1,802,918 | 1,768,067

Wick Farm Ltd
(Registration number: 01744823)

Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 November 2025

......................................... A J d'Angibau Company secretary and director

Wick Farm Ltd
(Registration number: 01744823)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wick Farm
New Road
Aldham
Colchester
Essex
CO6 3QY
England

These financial statements were authorised for issue by the director on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Wick Farm Ltd
(Registration number: 01744823)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | nil or 4% straight line
Computer equipment | 33.3% reducing balance
Fixtures, fittings, tools and equipment | 10% - 33.3% straight line, 10% - 33.3% reducing balance

Investments

Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Wick Farm Ltd
(Registration number: 01744823)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost includes materials, direct labour and production overheads appropriate to the relevant stage of production. Net realisable value is based on estimated selling price less all further costs to completion and all relevant marketing, selling and distribution costs.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and are depreciated over their useful lives.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Wick Farm Ltd
(Registration number: 01744823)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 July 2024 | 1,101,576 | 1,240,959 | 2,342,535
Additions | 60,000 | 25,700 | 85,700
Disposals | - | (13,250) | (13,250)
At 30 June 2025 | 1,161,576 | 1,253,409 | 2,414,985
Depreciation
At 1 July 2024 | 150,993 | 642,744 | 793,737
Charge for the year | 10,074 | 91,189 | 101,263
Eliminated on disposal | - | (4,151) | (4,151)
At 30 June 2025 | 161,067 | 729,782 | 890,849
Carrying amount
At 30 June 2025 | 1,000,509 | 523,627 | 1,524,136
At 30 June 2024 | 950,583 | 598,215 | 1,548,798

Revaluation

Included in Land and buildings is property which cost £304,114. The company directors revalued this in 1998 to £712,500. They consider the open market value at 30 June 2025 to be in excess of the carrying value in the accounts.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £534,523 (2024 - £542,197).

Wick Farm Ltd
(Registration number: 01744823)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Debtors

Current |  | 2025 £ | 2024 £
Trade debtors |  | 38,477 | 48,505
Amounts owed by related parties |  | 113,216 | 184,745
Prepayments |  | 13,612 | 12,575
Other debtors |  | 56,472 | 17,229
|  | 221,777 | 263,054

6 | Creditors

Creditors: amounts falling due within one year

|  | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 41,667 | 72,802
Trade creditors |  | 155,097 | 78,022
Taxation and social security |  | 27,942 | -
Accruals and deferred income |  | 42,183 | 38,359
|  | 266,889 | 189,183

Creditors: amounts falling due after more than one year

|  | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | - | 40,093