WSG FARM LIMITED


Directors	PETERS, Benjamin Harry
	PETERS, Caroline
	PETERS, Samuel William Harry
	PETERS, Victoria


Registered Address	2 The Barns, Graystone Plains Lane Hampsthwaite Head
	Hampsthwaite
	Harrogate
	HG3 2HT


Registered Number	15594672 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		51,615		10,115
Investment property	4		1,575,000		1,228,677
			1,626,615		1,238,792
Current assets
Stocks		10,495		-
Debtors	5	3,400		100
Cash at bank and on hand		2,798		6,068
		16,693		6,168
Creditors amounts falling due within one year	6	(1,172,095)		(495,272)
Net current assets (liabilities)			(1,155,402)		(489,104)
Total assets less current liabilities			471,213		749,688
Creditors amounts falling due after one year	7		(768,179)		(771,913)
Provisions for liabilities	8		(13,000)		-
Net assets			(309,966)		(22,225)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(310,066)		(22,325)
Shareholders' funds			(309,966)		(22,225)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 July 2026, and are signed on its behalf by:

PETERS, Victoria
Director
Registered Company No. 15594672

WSG FARM LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	5
Fixtures and fittings	4	-

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are 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 the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 January 25	10,394	1,800	12,194
Additions	21,691	32,780	54,471
At 31 December 25	32,085	34,580	66,665
Depreciation and impairment
At 01 January 25	2,079	-	2,079
Charge for year	6,417	6,554	12,971
At 31 December 25	8,496	6,554	15,050
Net book value
At 31 December 25	23,589	28,026	51,615
At 31 December 24	8,315	1,800	10,115

4.	Investment property


		£
	Fair value at 01 January 25	1,228,677
	Additions	499,906
	Fair value adjustments	(153,583)
	At 31 December 25	1,575,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	3,300	-
Other debtors	100	100
Total	3,400	100


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,343	-
Bank borrowings and overdrafts	21,711	45,621
Other creditors	1,143,575	447,851
Accrued liabilities and deferred income	3,466	1,800
Total	1,172,095	495,272


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities included within creditors, amounts falling due within one year, are secured by the company: Bank loans £21,711 (2024 - £45,621)

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

The following liabilities included within creditors, amounts falling due within one year, are secured by the company: 
Bank loans £21,711 (2024 - £45,621)

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	768,179	771,913
Total	768,179	771,913


	The following liabilities included within creditors, amounts falling due after one year, are secured by the company: Bank loans £768,179 (2024 - £771,913) The loan is split as follows: Bank loans over 1 year - £21,711 (2024 - £45,621) Bank loans 2-5 years - £86,846 (2024 - £94,297) Bank loans over 5 years - £659,622 (2024 - £631,995)

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	13,000	-
Total	13,000	-

9.	Controlling party
	This company's parent undertaking and ultimate holding company is Prospect Companies Limited, a company registered in England and Wales, company number 15085058. Its registered office is the same as that of WSG Farm Limited.

10.	Parent-subsidiary relationships
	As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.