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REGISTERED NUMBER: 08047574 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

White House Livestock & Energy Limited

White House Livestock & Energy Limited (Registered number: 08047574)

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

White House Livestock & Energy Limited

Company Information

for the year ended 31 March 2025

| DIRECTORS: | R A Wastling

| W R Wastling

| Mrs A M Wastling

| Mrs K J Wastling

| REGISTERED OFFICE: | Thirtleby Grange

| Thirtleby

| Coniston

| East Yorkshire

| HU11 4LL

| REGISTERED NUMBER: | 08047574 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

White House Livestock & Energy Limited (Registered number: 08047574)

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 15,500 |  | 40,150 |  |

Tangible assets | 5 | 5,931,139 |  | 6,127,072 |  |

Investment property | 6 | 340,000 |  | 315,213 |  |

6,286,639 |  | 6,482,435 |  |

CURRENT ASSETS

Stocks | 203,662 |  | 331,677 |  |

Debtors | 7 | 1,576,453 |  | 1,095,913 |  |

Cash at bank and in hand | 18,671 |  | 207,246 |  |

1,798,786 |  | 1,634,836 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,154,930 |  | 1,088,838 |  |

NET CURRENT ASSETS | 643,856 |  | 545,998 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,930,495 |  | 7,028,433 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (5,096,029 | ) | (5,310,870 | ) |

PROVISIONS FOR LIABILITIES | (321,443 | ) | (425,006 | ) |

NET ASSETS | 1,513,023 |  | 1,292,557 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Non-distributable reserve | 11 | 18,590 |  | - |  |

Retained earnings | 1,494,333 |  | 1,292,457 |  |

SHAREHOLDERS' FUNDS | 1,513,023 |  | 1,292,557 |  |

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.

White House Livestock & Energy Limited (Registered number: 08047574)

Balance Sheet - continued

31 March 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

W R Wastling - Director

White House Livestock & Energy Limited (Registered number: 08047574)

Notes to the Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| White House Livestock & Energy 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policy adopted for the recognition of turnover is as follows:

| Sale of goods

| Turnover from the sale of livestock is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the date the livestock was moved offsite.

| Turnover from the sale of generated power, the associated Feed in Tariffs is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. This is usually on the basis of power supplied during the period, together with associated Feed in Tariffs.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a businesses in 2014, and 2020 are being amortised evenly over their estimated useful life of three and ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 | - | 5% on cost and 5% - 15%

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| The investment properties held were valued on an open market basis at 31 March 2025 by the directors.

White House Livestock & Energy Limited (Registered number: 08047574)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stocks, including biological assets, are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring growing crops and finished produce to its current state. Net realisable value is estimated selling price in the ordinary course of business, less applicable variable selling expenses.

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| Debtors and creditors receivable/ payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 680,000 |  |

| AMORTISATION

| At 1 April 2024 | 639,850 |  |

| Charge for year | 24,650 |  |

| At 31 March 2025 | 664,500 |  |

| NET BOOK VALUE

| At 31 March 2025 | 15,500 |  |

| At 31 March 2024 | 40,150 |  |

White House Livestock & Energy Limited (Registered number: 08047574)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 3,280,931 |  | 904,481 |  | 3,426,699 |  |

| Additions | - |  | - |  | 56,950 |  |

| At 31 March 2025 | 3,280,931 |  | 904,481 |  | 3,483,649 |  |

| DEPRECIATION

| At 1 April 2024 | 30,394 |  | 278,447 |  | 1,194,769 |  |

| Charge for year | 14,414 |  | 45,224 |  | 187,683 |  |

| At 31 March 2025 | 44,808 |  | 323,671 |  | 1,382,452 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,236,123 |  | 580,810 |  | 2,101,197 |  |

| At 31 March 2024 | 3,250,537 |  | 626,034 |  | 2,231,930 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 3,967 |  | 29,333 |  | 7,645,411 |  |

| Additions | - |  | - |  | 56,950 |  |

| At 31 March 2025 | 3,967 |  | 29,333 |  | 7,702,361 |  |

| DEPRECIATION

| At 1 April 2024 | 1,590 |  | 13,139 |  | 1,518,339 |  |

| Charge for year | 795 |  | 4,767 |  | 252,883 |  |

| At 31 March 2025 | 2,385 |  | 17,906 |  | 1,771,222 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,582 |  | 11,427 |  | 5,931,139 |  |

| At 31 March 2024 | 2,377 |  | 16,194 |  | 6,127,072 |  |

White House Livestock & Energy Limited (Registered number: 08047574)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 315,213 |  |

| Revaluations | 24,787 |  |

| At 31 March 2025 | 340,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 340,000 |  |

| At 31 March 2024 | 315,213 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 24,787 |  |

| Cost | 315,213 |  |

340,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 748,079 |  | 448,977 |  |

| Other debtors | 828,374 |  | 646,936 |  |

1,576,453 |  | 1,095,913 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 195,273 |  | 171,281 |  |

| Hire purchase contracts | 15,628 |  | 34,353 |  |

| Trade creditors | 676,388 |  | 651,405 |  |

| Taxation and social security | 219,863 |  | 150,876 |  |

| Other creditors | 47,778 |  | 80,923 |  |

1,154,930 |  | 1,088,838 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 5,096,029 |  | 5,295,252 |  |

| Hire purchase contracts | - |  | 15,618 |  |

5,096,029 |  | 5,310,870 |  |

White House Livestock & Energy Limited (Registered number: 08047574)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

2025 | 2024 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 4,173,051 |  | 4,485,210 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 5,291,302 |  | 5,466,533 |  |

| Hire purchase contracts | 15,628 |  | 49,971 |  |

5,306,930 |  | 5,516,504 |  |

| The bank loans and hire purchase liabilities are secured on the assets of the company.

11. | RESERVES

| Non-distributable reserves

| Non-distributable reserves represent cumulative fair value gains on investment properties at fair value, net of relevant deferred tax provisions..

| Retained earnings

| Retained earnings represents cumulative profits and losses net of dividends and other adjustments.

12. | OTHER FINANCIAL COMMITMENTS

| The company has future operating lease commitments of £18,000 (2024 £19,000) of which £1,000 (2024 £1,000) falls due for payment within one year.