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REGISTERED NUMBER: 01474301 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

WHELAN FARMS LIMITED

WHELAN FARMS LIMITED (REGISTERED NUMBER: 01474301)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

WHELAN FARMS LIMITED

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | A P M Batchelor

| T S Page

| K M Whelan

| REGISTERED OFFICE: | Little Pinkneys

| Lee Lane

| Maidenhead

| SL6 6PE

| REGISTERED NUMBER: | 01474301 (England and Wales)

WHELAN FARMS LIMITED (REGISTERED NUMBER: 01474301)

Balance Sheet

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 210,282 |  | 216,615 |  |

CURRENT ASSETS

Stocks | 99,844 |  | 110,938 |  |

Debtors | 5 | 134,590 |  | 43,135 |  |

Cash at bank | 127,404 |  | 262,811 |  |

361,838 |  | 416,884 |  |

CREDITORS

Amounts falling due within one year | 6 | 312,851 |  | 271,302 |  |

NET CURRENT ASSETS | 48,987 |  | 145,582 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 259,269 |  | 362,197 |  |

CAPITAL AND RESERVES

Called up share capital | 4 |  | 4 |  |

Retained earnings | 259,265 |  | 362,193 |  |

259,269 |  | 362,197 |  |

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

T S Page - Director

WHELAN FARMS LIMITED (REGISTERED NUMBER: 01474301)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Whelan 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.

| 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 derived from sales of farm produce during the year and government subsidies. Sales of livestock and other farm produce are recognised at the point at which goods are exchanged.. Single payment scheme payments are conditional upon agri-environmental compliance and are recognised over the calendar year to which they relate. All trading is carried out within the UK.

| 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 | - | 20% on cost and 2% on cost

| Stocks

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

| Stocks comprise farming stocks and include cultivations and other items including fertilisers and sprays.

| Cultivations are valued by professional valuers in accordance with accepted methods of farm stock valuations. Other items including fertilisers and sprays are valued at cost.

| Provision is made for obsolete, slow-moving or defective items where appropriate.

| Detailed costing records are maintained which enable cultivations to be valued on the basis of cost of production. Cost of production represents the variable costs of seeds, sprays and fertilisers etc but excludes machinery, labour and tillages.

| Financial instruments

| financial asset or a financial liability is recognised only when the entity becomes a party to the

| contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

WHELAN FARMS LIMITED (REGISTERED NUMBER: 01474301)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 1 February 2024

| and 31 January 2025 | 395,830 |  | 26,997 |  | 422,827 |  |

| DEPRECIATION

| At 1 February 2024 | 179,539 |  | 26,673 |  | 206,212 |  |

| Charge for year | 6,009 |  | 324 |  | 6,333 |  |

| At 31 January 2025 | 185,548 |  | 26,997 |  | 212,545 |  |

| NET BOOK VALUE

| At 31 January 2025 | 210,282 |  | - |  | 210,282 |  |

| At 31 January 2024 | 216,291 |  | 324 |  | 216,615 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 42,996 |  | 5,227 |  |

| Other debtors | 91,594 |  | 37,908 |  |

134,590 |  | 43,135 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 36,887 |  | 72,054 |  |

| Amounts owed to group undertakings | 189,465 |  | 189,465 |  |

| Taxation and social security | - |  | 23 |  |

| Other creditors | 86,499 |  | 9,760 |  |

312,851 |  | 271,302 |  |

| Amounts owed to group undertakings are repayable on demand, not secured and are non-interest bearing.

7. | RELATED PARTY DISCLOSURES

| 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.