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REGISTERED NUMBER: 09777673 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

WORSTEAD LAND AND DEVELOPMENTS LIMITED

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| WORSTEAD LAND AND DEVELOPMENTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTORS: | J Coaley

| H J Coaley

| Mrs M Cocker

| REGISTERED OFFICE: | Smallburgh Hall

| Hall Lane

| Smallburgh

| Norfolk

| NR12 9NW

| REGISTERED NUMBER: | 09777673 (England and Wales)

| ACCOUNTANTS: | David Simon Limited

| Chartered Certified Accountants

| 5 Jardine House

| Harrovian Business Village

| Bessborough Road

| Harrow

| Middlesex

| HA1 3EX

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673) |

BALANCE SHEET

30 SEPTEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 18,634 |  | 24,844 |  |

Investments | 5 | 1 |  | 1 |  |

18,635 |  | 24,845 |  |

CURRENT ASSETS

Stocks | 5,567,374 |  | 5,100,000 |  |

Debtors | 6 | 603,179 |  | 710,403 |  |

Cash at bank and in hand | 3,258 |  | 59,211 |  |

6,173,811 |  | 5,869,614 |  |

CREDITORS

Amounts falling due within one year | 7 | 6,280,655 |  | 5,943,979 |  |

NET CURRENT LIABILITIES | (106,844 | ) | (74,365 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (88,209 | ) | (49,520 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 8,731 |  | 37,445 |  |

NET LIABILITIES | (96,940 | ) | (86,965 | ) |

CAPITAL AND RESERVES

Called up share capital | 3,600 |  | 3,600 |  |

Retained earnings | (100,540 | ) | (90,565 | ) |

SHAREHOLDERS' FUNDS | (96,940 | ) | (86,965 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673) |

BALANCE SHEET - continued

30 SEPTEMBER 2024

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 8 April 2026 and were signed on its behalf by:

Mrs M Cocker - Director

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Worstead Land and Developments 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Preparation of consolidated financial statements

| The financial statements contain information about Worstead Land and Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

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

| 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 | - | 25% on reducing balance and 20% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stock and work in progress

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

| Government assisted loans

| Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 72,622 |  |

| DEPRECIATION

| At 1 October 2023 | 47,778 |  |

| Charge for year | 6,210 |  |

| At 30 September 2024 | 53,988 |  |

| NET BOOK VALUE

| At 30 September 2024 | 18,634 |  |

| At 30 September 2023 | 24,844 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 1 |  |

| NET BOOK VALUE

| At 30 September 2024 | 1 |  |

| At 30 September 2023 | 1 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | - |  | 50,000 |  |

| Amounts owed by group undertakings | 247,252 |  | 228,997 |  |

| Other debtors | 355,927 |  | 431,406 |  |

603,179 |  | 710,403 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 11,608 |  | 11,326 |  |

| Hire purchase contracts | 17,214 |  | 9,612 |  |

| Trade creditors | 122,537 |  | 200,695 |  |

| Amounts owed to group undertakings | 22,112 |  | - |  |

| Taxation and social security | 58,239 |  | 57,601 |  |

| Other creditors | 6,048,945 |  | 5,664,745 |  |

6,280,655 |  | 5,943,979 |  |

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

2024 | 2023 |

£ | £ |

| Bank loans | 8,731 |  | 20,171 |  |

| Hire purchase contracts | - |  | 17,274 |  |

8,731 |  | 37,445 |  |

9. | RELATED PARTY DISCLOSURES

| Included within cost of sales is an amount of £118,712 (2023: £199,168) relating to a LLP in which the directors have a controlling interest. Included within trade creditors is an amount of £37,274 (2023: £26,485) which is owed to the LLP. Included within debtors is an amount of £164,018 (2023: £137,635) which is owed by the LLP.

10. | SECURED CREDITORS

| Helmsley Acceptances Limited has a charge on the freehold property and a charge on leasehold property and contains a negative pledge.