WHITFIELD DAIRY FARM LIMITED


Director	J E Lumb


Registered Address	Whitfield Dairy Farm
	Shaw
	Oldham
	OL2 7UJ


Registered Number	03957178 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		3,313		3,313
Tangible assets	4		1,883,288		1,873,180
			1,886,601		1,876,493
Current assets
Stocks	5	88,250		87,150
Debtors	6	94,116		97,905
Cash at bank and on hand		-		1,454
		182,366		186,509
Creditors amounts falling due within one year	7	(1,600,570)		(1,538,329)
Net current assets (liabilities)			(1,418,204)		(1,351,820)
Total assets less current liabilities			468,397		524,673
Creditors amounts falling due after one year	8		(67,267)		(75,500)
Net assets			401,130		449,173
Capital and reserves
Share premium			250,000		250,000
Profit and loss account			151,130		199,173
Shareholders' funds			401,130		449,173

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 December 2025, and are signed on its behalf by:

J E Lumb
Director
Registered Company No. 03957178

WHITFIELD DAIRY FARM LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

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

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Intangible assets
	The livestock quota is not depreciated, as the directors consider the carrying value at the year end to still be relevant.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	25

	Finance leases and hire purchase contracts
	Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the
statement of financial position as a finance lease obligation. Lease payments are treated as consisting of
capital and interest elements. The interest is charged to the income statement so as to produce a constant
periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount
of the leased asset and recognised on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement
cost, adjusted where applicable for any loss of service potential.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	3,313	3,313
At 31 March 25	3,313	3,313
Net book value
At 31 March 25	3,313	3,313
At 31 March 24	3,313	3,313

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	1,777,306	170,770	51,552	8,247	2,007,875
Additions	-	26,000	-	-	26,000
At 31 March 25	1,777,306	196,770	51,552	8,247	2,033,875
Depreciation and impairment
At 01 April 24	16,999	68,221	41,954	7,521	134,695
Charge for year	509	12,874	2,400	109	15,892
At 31 March 25	17,508	81,095	44,354	7,630	150,587
Net book value
At 31 March 25	1,759,798	115,675	7,198	617	1,883,288
At 31 March 24	1,760,307	102,549	9,598	726	1,873,180

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	88,250	87,150
Total	88,250	87,150

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	66,817	60,044
Other debtors	27,299	37,861
Total	94,116	97,905

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	865,647	751,156
Bank borrowings and overdrafts	6,800	6,800
Amounts owed to related parties	223,942	276,997
Taxation and social security	502,181	495,863
Accrued liabilities and deferred income	2,000	7,513
Total	1,600,570	1,538,329

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	67,267	75,500
Total	67,267	75,500