REGISTERED NUMBER: 07990971 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WALWORTH FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Moore

Mrs S J Moore

R J Moore

A F Moore

SECRETARY:

R J Moore

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

07990971 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

3,032,622

2,884,621

CURRENT ASSETS

Stocks

25,000

15,000

Debtors

5

658,719

730,123

683,719

745,123

CREDITORS

Amounts falling due within one year

6

1,388,848

1,252,404

NET CURRENT LIABILITIES

(705,129

)

(507,281

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,327,493

2,377,340

CREDITORS

Amounts falling due after more than one year

7

(1,047,443

)

(1,180,229

)

PROVISIONS FOR LIABILITIES

(138,440

)

(117,205

)

NET ASSETS

1,141,610

1,079,906

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,141,510

1,079,806

1,141,610

1,079,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

R J Moore - Director

1.	STATUTORY INFORMATION

Walworth Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Implements - 17.5% reducing balance

Tractors and combines - 17.5% reducing balance

Motor vehicles - 17.5% reducing balance

Equipment - 17.5% reducing balance

Stocks

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

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Tractors

and

Motor

Implements

combines

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

1,213,836

3,250,087

62,395

597,570

5,123,888

Additions

126,810

823,750

20,634

-

971,194

Disposals

(20,150

)

(507,180

)

-

-

(527,330

)

At 31st March 2025

1,320,496

3,566,657

83,029

597,570

5,567,752

DEPRECIATION

At 1st April 2024

447,258

1,405,100

22,397

364,512

2,239,267

Charge for year

132,317

357,222

10,611

34,959

535,109

Eliminated on disposal

(8,874

)

(230,372

)

-

-

(239,246

)

At 31st March 2025

570,701

1,531,950

33,008

399,471

2,535,130

NET BOOK VALUE

At 31st March 2025

749,795

2,034,707

50,021

198,099

3,032,622

At 31st March 2024

766,578

1,844,987

39,998

233,058

2,884,621

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

149,267

83,093

Other debtors

509,452

647,030

658,719

730,123

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

314,179

327,194

Hire purchase contracts

582,565

437,044

Trade creditors

156,779

175,466

Taxation and social security

35,271

10,881

Other creditors

300,054

301,819

1,388,848

1,252,404

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,044,943

1,167,729

Other creditors

2,500

12,500

1,047,443

1,180,229