REGISTERED NUMBER: 02799037 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

WTC Farms Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

William Ashton Hesketh

William Hesketh Jnr

Thomas Cowell Hesketh

REGISTERED OFFICE:

Old Grange Farm

Hutton

PRESTON

Lancashire

PR4 5JH

REGISTERED NUMBER:

02799037 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

3,682,894

2,560,525

Investments

5

1,950,084

1,749,291

5,632,978

4,309,816

CURRENT ASSETS

Stocks

133,840

132,145

Debtors

6

106,854

145,227

Cash at bank

11,476

135,734

252,170

413,106

CREDITORS

Amounts falling due within one year

7

1,772,148

1,333,235

NET CURRENT LIABILITIES

(1,519,978

)

(920,129

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,113,000

3,389,687

CREDITORS

Amounts falling due after more than one year

8

(985,262

)

(351,161

)

PROVISIONS FOR LIABILITIES

(192,450

)

(127,158

)

NET ASSETS

2,935,288

2,911,368

CAPITAL AND RESERVES

Called up share capital

62,000

62,000

Share premium

30,000

30,000

Retained earnings

2,843,288

2,819,368

SHAREHOLDERS' FUNDS

2,935,288

2,911,368

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

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

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

William Ashton Hesketh - Director

William Hesketh Jnr - Director

Thomas Cowell Hesketh - Director

1.	STATUTORY INFORMATION

WTC 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.

Share of profit included in the turnover represents the company's share of profits from two farming partnerships: W Hesketh & Sons and WTC Farms Partnership.

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

-

10% on reducing balance

No depreciation is provided on freehold land.

Investments in associates

Accounted for at fair value in line with the underlying enterprises in which the interests are held.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

land

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 April 2024

1,937,116

59,983

805,787

22,245

2,825,131

Additions

641,827

24,984

528,350

70,821

1,265,982

At 31 March 2025

2,578,943

84,967

1,334,137

93,066

4,091,113

DEPRECIATION

At 1 April 2024

-

-

263,494

1,112

264,606

Charge for year

32,091

-

106,868

4,654

143,613

At 31 March 2025

32,091

-

370,362

5,766

408,219

NET BOOK VALUE

At 31 March 2025

2,546,852

84,967

963,775

87,300

3,682,894

At 31 March 2024

1,937,116

59,983

542,293

21,133

2,560,525

5.	FIXED ASSET INVESTMENTS

Interest

in W.

Interest

Hesketh &

in WTC

Sons

Partnership

Totals

£

£

£

COST

At 1 April 2024

832,046

917,245

1,749,291

Movement in year

68,609

132,184

200,793

At 31 March 2025

900,655

1,049,429

1,950,084

NET BOOK VALUE

At 31 March 2025

900,655

1,049,429

1,950,084

At 31 March 2024

832,046

917,245

1,749,291

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

14,722

17,500

Tax

81,818

69,783

VAT

10,314

57,944

106,854

145,227

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

806,000

601,000

Trade creditors

63,994

16,092

Directors loan accounts

212,829

212,829

W Hesketh and Sons loan

677,725

501,714

Accrued expenses

11,600

1,600

1,772,148

1,333,235

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

985,262

351,161

The bank loan is secured by a charge over the land and property.

9.	RELATED PARTY DISCLOSURES

The company owes £806,000 at the year end to WTC Farms, a partnership in which the company has the major share of profit. No interest was charged on the loan and is repayable on demand.

The company owes £677,724 at the year end to W. Hesketh & Sons, a partnership in which the company has a share of profit. No interest was charged on the loan and is repayable on demand.