Company Registration No. 08801036 (England and Wales)
Wothersome Limited
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Wothersome Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Wothersome Limited
Statement of financial position
As at 31 March 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,578,761
2,823,053
Current assets
Stocks
499,307
488,918
Debtors
4
444,728
503,760
Cash at bank and in hand
438,666
113,750
1,382,701
1,106,428
Creditors: amounts falling due within one year
5
(5,157,852)
(5,257,892)
Net current liabilities
(3,775,151)
(4,151,464)
Net liabilities
(1,196,390)
(1,328,411)
Capital and reserves
Called up share capital
6
200
200
Profit and loss reserves
(1,196,590)
(1,328,611)
Total equity
(1,196,390)
(1,328,411)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 24 November 2025 and are signed on its behalf by:
Nicholas Lane Fox
Mrs Rachel Lane Fox
Director
Director
Company Registration No. 08801036
Wothersome Limited
Notes to the financial statements
For the year ended 31 March 2025
2
1
Accounting policies
Company information

Wothersome Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Estate Office Bramham Park, Wetherby, West Yorkshire, LS23 6ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Creditors: amounts due falling within one year includes loans from associated entities totalling £5,215,000 which are technically repayable on demand, however the company has the continuing support of these associated entities. Thus t h e directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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 the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of electricity is recognised when units are transferred to the purchaser, 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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20 years straight line
Sundry equipment
5 - 10 years straight line
Computer equipment
5 years straight line
Wothersome Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
3

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

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.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Wothersome Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
4
Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
Wothersome Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
4,833,090
Depreciation and impairment
At 1 April 2024
2,010,037
Depreciation charged in the year
244,292
At 31 March 2025
2,254,329
Carrying amount
At 31 March 2025
2,578,761
At 31 March 2024
2,823,053
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
406,314
412,896
Other debtors
38,414
90,864
444,728
503,760
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
13,072
Other creditors
5,157,852
5,244,820
5,157,852
5,257,892
Wothersome Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
6
6
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and not fully paid
40 Ord A of £1 each
40
40
40 Ord B of £1 each
40
40
40 Ord C of £1 each
40
40
40 Ord D of £1 each
40
40
20 Ord E of £1 each
20
20
20 Ord F of £1 each
20
20
200
200

The ordinary A, B, C and D shares carry full voting, dividend and capital distribution rights. The ordinary E and F shares carry full dividend and capital distribution rights but no voting rights.

7
Related party transactions
Transactions with related parties

The company leases land from Bramham Settled Estates and the Lane Fox 1989 Heir's Trust, entities which hold a participating interest in the company. No rent is currently payable under these leasing arrangements.

Nicholas Lane Fox and Mrs Rachel Lane Fox are members of Bramham Park LLP and directors of the company. The company made purchases of £872,554 (2024: £1,190,912) from Bramham Park LLP during the year. Costs of £16,230 (2024: £16,261) were recharged by Bramham Park LLP to the company. The balance owed to Bramham Park LLP at the year end was £1,229,336 (2024: £1,320,000). No interest is being charged on the loan and there are no fixed repayment terms.

There was a balance owing of £3,895,000 to Bramham Settled Estate (2024: £3,895,000). No interest is being charged on the loan and there are no fixed repayment terms.

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