ACCOUNTS - Final Accounts

Registered number: 00383247

WILBY FARMING COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 11 OCTOBER 2025


WILBY FARMING COMPANY LIMITED REGISTERED NUMBER:00383247

STATEMENT OF FINANCIAL POSITION

AS AT 11 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		22,715		24,562
Investment property	5		360,000		360,000
			382,715		384,562
Current assets
Debtors: amounts falling due within one year	6	160,678		107,458
Cash at bank and in hand		137,658		131,319
		298,336		238,777
Creditors: amounts falling due within one year	7	(41,004)		(23,221)
Net current assets			257,332		215,556
Total assets less current liabilities			640,047		600,118
Provisions for liabilities
Deferred tax		(56,962)		(43,642)
			(56,962)		(43,642)
Net assets			583,085		556,476

Capital and reserves
Called up share capital			1,500		2,000
Capital redemption reserve	8		10,167		9,667
Investment property reserve	8		305,010		318,207
Profit and loss account	8		266,408		226,602
			583,085		556,476

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WILBY FARMING COMPANY LIMITED REGISTERED NUMBER:00383247

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 11 OCTOBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Ms A M de la Cour

Director

Date: 9 July 2026

The notes on pages 4 to 9 form part of these financial statements.

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		WILBY FARMING COMPANY LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 11 OCTOBER 2025

		Called up share capital	Capital redemption reserve	Investment property revaluation reserve	Profit and loss account	Total equity
		£	£	£	£	£
	At 12 October 2023	2,000	9,667	-	202,528	214,195

	Profit for the year	-	-	-	342,281	342,281
	Transfer between reserves	-	-	-	(318,207)	(318,207)
	Transfer between reserves	-	-	318,207	-	318,207
	Total transactions with owners	-	-	318,207	(318,207)	-

	At 12 October 2024	2,000	9,667	318,207	226,602	556,476

	Profit for the year	-	-	-	458,759	458,759
	Purchase of own shares	-	500	-	(432,150)	(431,650)
	Shares cancelled during the year	(500)	-	-	-	(500)
	Transfer between reserves	-	-	-	13,197	13,197
	Transfer between reserves	-	-	(13,197)	-	(13,197)
	Total transactions with owners	(500)	500	(13,197)	(418,953)	(432,150)
	At 11 October 2025	1,500	10,167	305,010	266,408	583,085

The notes on pages 4 to 9 form part of these financial statements.

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WILBY FARMING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 11 OCTOBER 2025

1.	General information

Wilby Farming Company Limited is a private company limited by shares and incorporated in England and Wales, registration number 00383247. The registered office is Wilby House Farm, Wilby, Norwich, Norfolk, NR16 2JP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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WILBY FARMING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 11 OCTOBER 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Freehold property	-	Not depreciated
				Plant & machinery	-	10% and 15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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WILBY FARMING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 11 OCTOBER 2025

2.Accounting policies (continued)

2.9

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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WILBY FARMING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 11 OCTOBER 2025

4.	Tangible fixed assets

		Freehold property	Plant & machinery	Total
		£	£	£
	Cost or valuation
	At 12 October 2024	12,051	37,515	49,566
	At 11 October 2025	12,051	37,515	49,566
	Depreciation
	At 12 October 2024	-	25,004	25,004
	Charge for the year on owned assets	-	1,847	1,847
	At 11 October 2025	-	26,851	26,851
	Net book value
	At 11 October 2025	12,051	10,664	22,715
	At 11 October 2024	12,051	12,511	24,562

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WILBY FARMING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 11 OCTOBER 2025

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 12 October 2024	360,000
	At 11 October 2025	360,000

The 2025 valuations were made by the director, on an open market value basis.

6.

Debtors

					2025	2024
					£	£


	Other debtors	160,678	107,458
		160,678	107,458

7.	Creditors: Amounts falling due within one year
					2025	2024
					£	£

	Trade creditors	-	666
	Corporation tax	39,204	6,137
	Accruals and deferred income	1,800	16,418
		41,004	23,221

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WILBY FARMING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 11 OCTOBER 2025

8.

Reserves

Capital redemption reserve

The capital redemption reserve records the nominal value of shares repurchased by the company.

Investment property revaluation reserve

The investment property revaluation reserve includes all current and prior period revaluations on investment properties where the fair value of an asset exceeded its original cost.

Profit & loss account

The profit and loss account represents the company's accumulated profits which are available for distribution to members.

9.	Transactions with directors

At the year end, a director owed the company £43,902 (2024: £42,606). The loan is repayable on demand and interest is paid at 2.25%.

10.	Related party transactions
	At the year end, the company was owed £73,924 (2024: £22,000) by a partnership in which a director is a partner. The loan is repayable on demand and interest is paid at 2.25%.

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