REGISTERED NUMBER: 06700305 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Welland Farming Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J I Clarke

Mr R J Clarke

REGISTERED OFFICE:

Pebble Hall

Theddingworth

Lutterworth

Leicestershire

LE17 6NJ

REGISTERED NUMBER:

06700305 (England and Wales)

ACCOUNTANTS:

Richard Clarke & Co (At Your Service) Ltd

Unit 3, Mobbs Miller House

Christchurch Road

Northampton

Northamptonshire

NN1 5LL

FIXED ASSETS

Tangible assets

4

4,630,694

3,648,517

CURRENT ASSETS

Stocks

1,310,764

572,334

Debtors

5

854,776

505,063

Cash at bank

3,166

227,814

2,168,706

1,305,211

CREDITORS

Amounts falling due within one year

6

1,267,838

653,658

NET CURRENT ASSETS

900,868

651,553

TOTAL ASSETS LESS CURRENT LIABILITIES

5,531,562

4,300,070

CREDITORS

Amounts falling due after more than one year

7

(1,429,778

)

(1,563,289

)

PROVISIONS FOR LIABILITIES

(809,254

)

(466,910

)

NET ASSETS

3,292,530

2,269,871

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,292,430

2,269,771

3,292,530

2,269,871

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 24 December 2025 and were signed on its behalf by:

Mr J I Clarke - Director

Mr R J Clarke - Director

1.	STATUTORY INFORMATION

Welland Farming 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 represents amounts invoiced for goods and services provided in the year, exclusive of value added tax, after having adjusted for contracts for ongoing services. In respect of ongoing services, turnover represents the value of work done in the accounting period, including estimates of amounts not invoiced, by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Improvements to property

-

4% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on cost

Renewable energy plant

-

5% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Cost

At 1 April 2024

430,396

374,717

835,951

Additions

584,393

45,944

539,575

Disposals

-

-

(26,822

)

At 31 March 2025

1,014,789

420,661

1,348,704

Depreciation

At 1 April 2024

-

146,017

262,401

Charge for year

-

16,826

110,703

Eliminated on disposal

-

-

(20,725

)

At 31 March 2025

-

162,843

352,379

Net book value

At 31 March 2025

1,014,789

257,818

996,325

At 31 March 2024

430,396

228,700

573,550

Fixtures

Renewable

and

energy

fittings

plant

Totals

£

£

£

Cost

At 1 April 2024

62,440

2,686,190

4,389,694

Additions

-

86,800

1,256,712

Disposals

(39,856

)

-

(66,678

)

At 31 March 2025

22,584

2,772,990

5,579,728

Depreciation

At 1 April 2024

58,585

274,174

741,177

Charge for year

2,259

138,650

268,438

Eliminated on disposal

(39,856

)

-

(60,581

)

At 31 March 2025

20,988

412,824

949,034

Net book value

At 31 March 2025

1,596

2,360,166

4,630,694

At 31 March 2024

3,855

2,412,016

3,648,517

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

Cost

At 1 April 2024

1,293,950

Additions

359,525

At 31 March 2025

1,653,475

Depreciation

At 1 April 2024

111,245

Charge for year

110,963

At 31 March 2025

222,208

Net book value

At 31 March 2025

1,431,267

At 31 March 2024

1,182,705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

481,467

86,744

Other debtors

373,309

418,319

854,776

505,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

100,844

105,051

Hire purchase contracts

279,323

215,081

Trade creditors

169,647

56,921

Taxation and social security

2,039

12,246

Other creditors

715,985

264,359

1,267,838

653,658

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

898,570

1,001,986

Hire purchase contracts

531,208

561,303

1,429,778

1,563,289

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

999,414

1,107,037

Hire purchase contracts

810,531

776,384

1,809,945

1,883,421

Bank borrowings are secured by a charge over some of the company's freehold property. Hire purchase liabilities are secured against the assets to which they relate.