Company Registration No. 00761642 (England and Wales)
WHEELBIRKS ESTATE COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 12 MAY 2026
PAGES FOR FILING WITH REGISTRAR
WHEELBIRKS ESTATE COMPANY LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WHEELBIRKS ESTATE COMPANY LIMITED
BALANCE SHEET
AS AT
12 MAY 2026
12 May 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,871
17,399
Investment property
4
1,785,000
1,885,000
1,799,871
1,902,399
Current assets
Debtors
5
36,031
34,798
Investments
6
-
0
140,126
Cash at bank and in hand
297,054
101,535
333,085
276,459
Creditors: amounts falling due within one year
7
(32,524)
(12,141)
Net current assets
300,561
264,318
Total assets less current liabilities
2,100,432
2,166,717
Provisions for liabilities
(161,879)
(173,750)
Net assets
1,938,553
1,992,967
Capital and reserves
Called up share capital
8
180
180
Non-distributable profits reserve
9
1,411,725
1,497,854
Distributable profit and loss reserves
526,648
494,933
Total equity
1,938,553
1,992,967
WHEELBIRKS ESTATE COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
12 MAY 2026
12 May 2026
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 12 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 29 July 2026 and are signed on its behalf by:
Hugh Richardson
Director
Company registration number 00761642 (England and Wales)
WHEELBIRKS ESTATE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 12 MAY 2026
- 3 -
1
Accounting policies
Company information

Wheelbirks Estate Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wheelbirks Farm, Stocksfield, Northumberland, NE43 7HY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for rents net of VAT where an option to tax has been exercised and amounts due for sales of timber net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Milking parlour
2 - 6.67% straight line
Plant and machinery
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

WHEELBIRKS ESTATE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 12 MAY 2026
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.8
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
WHEELBIRKS ESTATE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 12 MAY 2026
- 5 -
3
Tangible fixed assets
Milking parlour
Plant and machinery
Total
£
£
£
Cost
At 13 May 2025 and 12 May 2026
88,812
13,500
102,312
Depreciation and impairment
At 13 May 2025
80,483
4,430
84,913
Depreciation charged in the year
260
2,268
2,528
At 12 May 2026
80,743
6,698
87,441
Carrying amount
At 12 May 2026
8,069
6,802
14,871
At 12 May 2025
8,329
9,070
17,399
4
Investment property
2026
£
Fair value
At 13 May 2025
1,885,000
Disposals
(100,000)
At 12 May 2026
1,785,000

Investment property comprises land and buildings in Stocksfield, England. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the company's directors. The last external professional valuation was performed in 2013.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
33,474
33,526
Other debtors
2,557
1,272
36,031
34,798
WHEELBIRKS ESTATE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 12 MAY 2026
- 6 -
6
Current asset investments
2026
2025
£
£
Other investments
-
0
140,126

Current asset investments are valued using their available market values provided by the company's external investment manager. The historic cost of the investment was £nil (2025: £169,037).

7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
193
-
0
Corporation tax
29,751
6,833
Other creditors
2,580
5,308
32,524
12,141
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
18,000
18,000
180
180
9
Non-distributable profits reserve
2026
2025
£
£
At the beginning of the year
1,497,854
1,497,854
Non distributable profits / (losses) in the year
(86,129)
-
At the end of the year
1,411,725
1,497,854

All revaluations of the company's investment properties are taken to the profit and loss reserve account in accordance with FRS 102 along with the required deferred taxation provisions arising on these revaluations. The balance is non-distributable.

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