REGISTERED NUMBER: 04477632 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

WHITEHEAD FARM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J L Whitehead

A P Whitehead

SECRETARY:

Mrs J L Whitehead

REGISTERED OFFICE:

Brookfield

Chapel Hill

Halstead

Colchester

Essex

CO9 1JP

REGISTERED NUMBER:

04477632 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Tangible assets

4

70,619

67,873

CURRENT ASSETS

Stocks

164,593

109,360

Debtors

5

68,101

63,091

Cash in hand

-

2

232,694

172,453

CREDITORS

Amounts falling due within one year

6

191,208

154,581

NET CURRENT ASSETS

41,486

17,872

TOTAL ASSETS LESS CURRENT LIABILITIES

112,105

85,745

CREDITORS

Amounts falling due after more than one year

7

(12,548

)

(16,510

)

PROVISIONS FOR LIABILITIES

(17,655

)

(16,968

)

NET ASSETS

81,902

52,267

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

81,900

52,265

81,902

52,267

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 Income Statement 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:

Mrs J L Whitehead - Director

1.	STATUTORY INFORMATION

Whitehead Farm Ltd 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

The company measures biological assets at cost less accumulated depreciation and accumulated impairment losses.

In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at either;

- lower of cost and estimated selling price less costs to complete and sell; or

- fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at fair value less costs to sell being included in profit or loss.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion

when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of

completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and

materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is

recognised only to the extent of the expenses recognised that it is probable will be recovered.

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

-

20% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is

reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are

met. Where a grant does not specify performance conditions it is recognised in income when the proceeds

are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a

liability.

Grants are received in respect of calendar years with receipt dependent on contingent criteria. Once criteria has been met grants are recognised on a time apportioned basis over the calendar year to which it relates.

Stocks

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.

In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at either:

- lower of cost and estimated selling price less costs to complete and sell; or

fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at

fair value less costs to sell being included in profit or loss.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks

over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or

loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

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 balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest

elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the

remaining balance of the liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

211,168

2,382

10,500

224,050

Additions

21,115

-

-

21,115

Disposals

(6,000

)

(1,412

)

-

(7,412

)

At 31 March 2025

226,283

970

10,500

237,753

DEPRECIATION

At 1 April 2024

143,957

2,163

10,057

156,177

Charge for year

17,543

72

110

17,725

Eliminated on disposal

(5,356

)

(1,412

)

-

(6,768

)

At 31 March 2025

156,144

823

10,167

167,134

NET BOOK VALUE

At 31 March 2025

70,139

147

333

70,619

At 31 March 2024

67,211

219

443

67,873

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

64,918

60,091

Other debtors

3,183

3,000

68,101

63,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,766

34,384

Hire purchase contracts

14,029

13,532

Trade creditors

41,832

23,858

Corporation tax

12,450

7,239

Social security and other taxes

10,125

11,421

Other creditors

269

210

Directors' current accounts

91,071

62,521

Accruals and deferred income

2,666

1,416

191,208

154,581

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,113

9,310

Hire purchase contracts

8,435

7,200

12,548

16,510