Waldegrave Farms Ltd

Waldegrave Farms Ltd
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company in the year under review was that of Farming.

Directors

The directors who have held office during the whole of the year were as follows:

Lady Caroline Linda Margaret Waldegrave

The Lord W Waldegrave

Hon J Waldegrave

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

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The Lord W Waldegrave
Director

Date approved: 07 December 2025

Waldegrave Farms Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	352,342	415,107
Investments	4	856	856
		353,198	415,963
Current assets
Stocks	5	150,469	132,381
Debtors	6	69,087	183,391
Cash at bank and in hand		217,726	263,191
		437,282	578,963
Creditors: amount falling due within one year	7	(136,305)	(307,359)
Net current assets		300,977	271,604

Total assets less current liabilities		654,175	687,567
Creditors: amount falling due after more than one year	8	(21,736)	(47,819)
Provisions for liabilities	9	(961)	(961)
Net assets		631,478	638,787

Capital and reserves
Called up share capital		15,000	15,000
Share premium account	10	230,334	230,334
Profit and loss account		386,144	393,453
Shareholders' funds		631,478	638,787

For the 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.

Directors' 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 07 December 2025 and were signed on its behalf by:

-------------------------------
The Lord W Waldegrave
Director

Waldegrave Farms Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Waldegrave Farms Ltd is a private company, limited by shares, registered in England and Wales, registration number 01359229, registration address Wigmore Farm, Red Quar, Wells, Somerset, BA5 3HH.

The presentation currency is £ sterling.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 taxation

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.

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 etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing
balance and Straight line over 15 years.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 5 (2024 : 5).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Dairy Herd	Total
	£	£	£
At 01 April 2024	854,645	92,097	946,742
Additions	35,038	-	35,038
Disposals	-	(43,064)	(43,064)
At 31 March 2025	889,683	49,033	938,716
Depreciation
At 01 April 2024	531,635	-	531,635
Charge for year	54,739	-	54,739
On disposals	-	-	-
At 31 March 2025	586,374	-	586,374
Net book values
Closing balance as at 31 March 2025	303,309	49,033	352,342
Opening balance as at 01 April 2024	323,010	92,097	415,107

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	856	856
Additions	-	-
Disposals	-	-
At 31 March 2025	856	856

Stocks

	2025 £	2024 £
Work in Progress	20,740	20,740
Stocks	129,729	111,641
	150,469	132,381

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	48,369	165,483
Other Debtors	20,718	17,908
	69,087	183,391

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	121,594	277,297
Other Creditors	14,711	30,062
	136,305	307,359

Creditors: amount falling due after more than one year

	2025 £		2024 £
Obligations under HP/Financial Leases	21,736		47,819
	21,736		47,819

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	961		961
	961		961

10.

Share premium account

	2025 £		2024 £
Equity Share Premium b/fwd	230,334		230,334
	230,334		230,334

Registered Number: 01359229
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
WALDEGRAVE FARMS LTD