Company No: 09865157 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,855,519		3,879,073
		3,855,519		3,879,073
Current assets
Stocks		68,140		64,000
Debtors	4	29,379		5,579
Cash at bank and in hand		1,111		594
		98,630		70,173
Creditors: amounts falling due within one year	5	( 214,674)		( 4,124,565)
Net current liabilities		(116,044)		(4,054,392)
Total assets less current liabilities		3,739,475		(175,319)
Net assets/(liabilities)		3,739,475		( 175,319)
Capital and reserves
Called-up share capital	6	4,000,000		1
Profit and loss account		( 260,525 )		( 175,320 )
Total shareholder's funds/(deficit)		3,739,475		( 175,319)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wield Park Estate Limited (registered number: 09865157) were approved and authorised for issue by the Board of Directors on 06 June 2025. They were signed on its behalf by:

Mr N D Parker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wield Park Estate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Estate Office Wield Park, Upper Wield, Alresford, SO24 9FX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when significant risks and rewards of ownership of the goods have passed to the buyer ( usually on dispatch of goods), the amount of revenue can be measured reliably , it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rental income on assets leased under operating lease is recognised on straight line basis over the lease term and is presented within other operating income.

Taxation

Current 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.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Rental income from operating leases is recognised on a straight line basis over the term of relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the lease asset and recognised on a straight line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost represents expenditure incurred on each annual harvest, less the proportion of that harvest which has been sold.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Classification
The company holds the following financial instruments:
•Short term trade and other debtors;
• trade and other creditors
• loans from fellow group companies
• Cash and bank balances.
All financial instruments are classified as basic.

Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and 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 transaction 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.
Debt instruments are subsequently carried at amortised cost, using effective interest rate method.
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when performance conditions are met. When a grant does not specify performance conditions it is recognised in income when proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		0

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	3,699,039		130,158		63,307		133,981		4,026,485
Additions	21,639		10,541		0		2,007		34,187
At 31 March 2025	3,720,678		140,699		63,307		135,988		4,060,672
Accumulated depreciation
At 01 April 2024	16,364		68,519		25,188		37,341		147,412
Charge for the financial year	3,936		27,594		12,661		13,550		57,741
At 31 March 2025	20,300		96,113		37,849		50,891		205,153
Net book value
At 31 March 2025	3,700,378		44,586		25,458		85,097		3,855,519
At 31 March 2024	3,682,675		61,639		38,119		96,640		3,879,073

4. Debtors

	2025		2024
	£		£
Trade debtors	20,880		0
Other debtors	8,499		5,579
	29,379		5,579

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	5,696		7,520
Amounts owed to Group undertakings	152,287		4,076,078
Other creditors	56,691		40,967
	214,674		4,124,565

Amounts owed to group undertakings of £152,287 (2024: 4,076,078) are interest free and there are no fixed terms for repayment. Current year, the company issued 3,999,999 shares to Thornwood Investments Limited releasing the company from all of its liabilities and obligations of the loan account.

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
4,000,000 Ordinary shares of £ 1.00 each (2024: 1 share of £ 1.00 )	4,000,000		1

As part of reconstruction of Thornwood Group, Wield Park Estates Limited issued 3,999,999 shares to Thornwood Investments Limited releasing the company from all of its liabilities and obligations of the loan account.

7. Ultimate controlling party

Parent Company:

Thornwood Investments Limited

The Estate office, Wield Park, Upper Wield, Alresford, SO24 9FX.

The ultimate parent is Candover Capital Limited, incorporated in England and Wales. The registered office of Candover Capital Limited is : The Estate office, Wield Park, Upper Wield, Alresford, SO24 9FX.