REGISTERED NUMBER: 13047004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

WHISSENDINE FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Sir W L Adderley

Mr D L Wright

Miss A L Whitcher

REGISTERED OFFICE:

Two Marlborough Court

Watermead Business Park

Syston

Leicestershire

LE7 1AD

REGISTERED NUMBER:

13047004 (England and Wales)

FIXED ASSETS

Tangible assets

4

16,454,913

13,098,546

CURRENT ASSETS

Stocks

412,273

303,357

Debtors

5

49,720

73,034

Cash at bank

169,570

37,245

631,563

413,636

CREDITORS

Amounts falling due within one year

6

(18,617,063

)

(15,012,730

)

NET CURRENT LIABILITIES

(17,985,500

)

(14,599,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,530,587

)

(1,500,548

)

PROVISIONS FOR LIABILITIES

(494,531

)

(379,603

)

NET LIABILITIES

(2,025,118

)

(1,880,151

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(2,025,119

)

(1,880,152

)

(2,025,118

)

(1,880,151

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 December 2025 and were signed on its behalf by:

Miss A L Whitcher - Director

1.	STATUTORY INFORMATION

Whissendine 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102"), 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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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

Plant and machinery fixed assets includes biological assets which are accounted for under the fair value model. (2025: £1,585, 2024: £1,585)

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.

Stocks

The Company adopts a mixed measurement basis for stock valuation, in accordance with Section 34 'Specialist activites', based on the nature and intended use of each class of stock.

Argicultural stock is valued using the lower of cost and net realisable value, after making allowances for obselete and slow moving items. Livestock is valued using the fair value method. Fair value is determined based on observable market prices, adjusted for selling costs and aging of the animals.

Across both the stock lines the stock is obvserved and considered for impairments. Impairments are reflected directly in the profit or loss account.

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 when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other 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 payments discounted at a market rate of interest.

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

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the Company's contractual obligations are discharged, cancelled or they expire.

Equity instruments

Equity instruments issued by the Company are recorded at the fair value of 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.

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.

Government grants

The company has adopted the accrual method of accounting for subsidies in accordance with Section 24 of FRS102. Grants relating to profit and loss items will be recognised as income on a systematic basis that matches them with the related costs that they are intended to compensate. Grants relating to depreciable assets will be recognised as income over the period, and in the proportions, in which depreciation on those assets is charged.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

12,125,222

1,186,014

13,311,236

Additions

3,432,364

93,546

3,525,910

Disposals

-

(31,712

)

(31,712

)

At 30 June 2025

15,557,586

1,247,848

16,805,434

DEPRECIATION

At 1 July 2024

-

212,690

212,690

Charge for year

-

159,916

159,916

Eliminated on disposal

-

(22,085

)

(22,085

)

At 30 June 2025

-

350,521

350,521

NET BOOK VALUE

At 30 June 2025

15,557,586

897,327

16,454,913

At 30 June 2024

12,125,222

973,324

13,098,546

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Trade debtors

4,469

1,587

Other debtors

45,251

71,447

49,720

73,034

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Trade creditors

91,968

99,036

Amounts owed to group undertakings

18,500,000

14,600,054

Taxation and social security

1,201

-

Other creditors

23,894

313,640

18,617,063

15,012,730

7.	RELATED PARTIES

During the year the company made sales to Miss A L Whitcher, a director of the compay totalling £205 (2024: £nil). At the year end, amounts owed by Miss A L Whitcher was £nil (2024: £nil)

Also during the year the company made sales to Sir W L Adderley, a director and the ultimate controlling party of the company totalling £410 (2024: £nil). At the year end, amounts owed by Sir W L Adderley was £nil (2024: £nil)

The smallest and largest group in which the results of the Company are consolidated is that headed by WA Capital Limited. The consolidated financial statements of WA Capital Limited are available from its registered office, Two Marlborough Court, Watermead Business Park, Syston, Leicestershire, LE7 1AD.

The immediate and ultimate parent undertaking is WA Capital Limited, a company incorporated in England and Wales.