REGISTERED NUMBER: 03068911 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

WILLOW TREE FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Markillie

T E Markillie

Mrs S H Markillie

SECRETARY:

Mrs S H Markillie

REGISTERED OFFICE:

Willow Tree Farm

Markillie Lane, Wisbech Road

Long Sutton

Spalding

Lincolnshire

PE12 9AW

REGISTERED NUMBER:

03068911 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,484,528

2,543,147

Investments

6

35

35

2,484,563

2,543,182

CURRENT ASSETS

Stocks

185,073

212,316

Debtors

7

116,991

38,337

Cash at bank

66,096

160,552

368,160

411,205

CREDITORS

Amounts falling due within one year

8

392,232

383,860

NET CURRENT (LIABILITIES)/ASSETS

(24,072

)

27,345

TOTAL ASSETS LESS CURRENT LIABILITIES

2,460,491

2,570,527

CREDITORS

Amounts falling due after more than one year

9

(620,733

)

(684,739

)

PROVISIONS FOR LIABILITIES

(97,500

)

(111,050

)

NET ASSETS

1,742,258

1,774,738

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

1,242,258

1,274,738

SHAREHOLDERS' FUNDS

1,742,258

1,774,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by:

T E Markillie - Director

1.	STATUTORY INFORMATION

Willow Tree Farms 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.

At the balance sheet date the company had net current liabilities of £24,072 by virtue of its current liabilities exceeding its current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Turnover

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

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.

Entitlements are being amortised evenly over their estimated useful life of three years.

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

-

4% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a small self administered pension scheme. Contributions payable for the year are charged in the profit and loss account.

Government grants

Government grants received are treated as deferred income and credited to the profit and loss over the estimated useful life of the assets.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 1 November 2024

4,526

Disposals

(4,526

)

At 31 October 2025

-

AMORTISATION

At 1 November 2024

4,526

Eliminated on disposal

(4,526

)

At 31 October 2025

-

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

2,254,622

1,189,466

16,803

19,414

3,480,305

Additions

-

13,680

488

-

14,168

Disposals

-

(1,100

)

-

-

(1,100

)

At 31 October 2025

2,254,622

1,202,046

17,291

19,414

3,493,373

DEPRECIATION

At 1 November 2024

174,056

731,311

13,903

17,888

937,158

Charge for year

761

70,885

758

382

72,786

Eliminated on disposal

-

(1,099

)

-

-

(1,099

)

At 31 October 2025

174,817

801,097

14,661

18,270

1,008,845

NET BOOK VALUE

At 31 October 2025

2,079,805

400,949

2,630

1,144

2,484,528

At 31 October 2024

2,080,566

458,155

2,900

1,526

2,543,147

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

Plant and

machinery

£

COST

At 1 November 2024

and 31 October 2025

195,750

DEPRECIATION

At 1 November 2024

22,022

Charge for year

26,059

At 31 October 2025

48,081

NET BOOK VALUE

At 31 October 2025

147,669

At 31 October 2024

173,728

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

35

NET BOOK VALUE

At 31 October 2025

35

At 31 October 2024

35

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

47,315

24,675

Other debtors

69,676

13,662

116,991

38,337

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

14,956

17,135

Hire purchase contracts

27,243

27,250

Trade creditors

65,310

41,799

Taxation and social security

4,742

-

Other creditors

279,981

297,676

392,232

383,860

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

593,490

608,361

Hire purchase contracts

27,243

54,480

Other creditors

-

21,898

620,733

684,739

Amounts falling due in more than five years:

Repayable by instalments

Bank loans 5 years and over

561,970

570,317

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

608,446

625,496

Other loans

-

43,291

Hire purchase contracts

54,486

81,730

662,932

750,517

The bank loan is secured by a fixed charge over the freehold land owned by the company.

Other loans are secured by a charge over freehold land owned by the company.

The obligations under hire purchase agreements are secured over the assets to which they relate.