ACCOUNTS - Final Accounts preparation

Registered number: 15466195

SWALEDALE AND WENSLEYDALE ENVIRONMENTAL FARMERS LTD

(A Company Limited by Guarantee)

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

SWALEDALE AND WENSLEYDALE ENVIRONMENTAL FARMERS LTD

(A Company Limited by Guarantee)

REGISTERED NUMBER: 15466195

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	3,240		-
Cash at bank and in hand	5	23,591		-
		26,831		-
Creditors: amounts falling due within one year	6	(14,724)		-
Net current assets			12,107		-
Total assets less current liabilities			12,107		-
Creditors: amounts falling due after more than one year	7		(8,700)		-

Net assets			3,407		-

Capital and reserves
Profit and loss account	3,407	-
	3,407	-

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 statement of comprehensive income 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 on 14 September 2026.

M J Willoughby

Director

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SWALEDALE AND WENSLEYDALE ENVIRONMENTAL FARMERS LTD

(A Company Limited by Guarantee)

REGISTERED NUMBER: 15466195

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The notes on pages 3 to 6 form part of these financial statements.

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SWALEDALE AND WENSLEYDALE ENVIRONMENTAL FARMERS LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Swaledale and Wensleydale Environmental Farmers Limited is a private company limited by guarantee. The registered office is Burgate Manor, Fordingbridge, Hampshire, SP6 1EF. The financial statements are prepared in £ sterling.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

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

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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SWALEDALE AND WENSLEYDALE ENVIRONMENTAL FARMERS LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.4

Taxation

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.

2.5

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.

2.6

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.

2.7

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.

Employees

The average monthly number of employees, including directors, during the year was 6.

Debtors

					2025	2024
					£	£


	Trade debtors	2,388	-

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SWALEDALE AND WENSLEYDALE ENVIRONMENTAL FARMERS LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.Debtors (continued)

Other debtors	852	-
	3,240	-

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	23,591	-
	23,591	-

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

Trade creditors	6,848	-
Corporation tax	799	-
Accruals and deferred income	7,077	-
	14,724	-

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Trade creditors	8,700	-
	8,700	-

The balance above is due to GWCT Natural Capital Advisory Ltd, who have agreed to defer settlement
as support for the company in its start-up phase.

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SWALEDALE AND WENSLEYDALE ENVIRONMENTAL FARMERS LTD

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


8.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £................ towards the assets of the company in the event of liquidation.

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