REGISTERED NUMBER: 00741236 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Wooda Farm Park Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G K Colwill

Mrs K Colwill

Mrs C Veale

REGISTERED OFFICE:

Wooda Farm Park

Poughill

Bude

Cornwall

EX23 9HJ

REGISTERED NUMBER:

00741236 (England and Wales)

ACCOUNTANTS:

Streets Metherell Gard Limited

Burn View

Bude

Cornwall

EX23 8BX

FIXED ASSETS

Tangible assets

4

8,200,789

7,566,584

CURRENT ASSETS

Stocks

639,548

630,548

Debtors

90,494

149,012

Cash at bank and in hand

2,454,710

2,513,015

3,184,752

3,292,575

CREDITORS

Amounts falling due within one year

451,234

626,745

NET CURRENT ASSETS

2,733,518

2,665,830

TOTAL ASSETS LESS CURRENT LIABILITIES

10,934,307

10,232,414

PROVISIONS FOR LIABILITIES

797,000

636,000

NET ASSETS

10,137,307

9,596,414

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

5

3,270

3,270

Retained earnings

10,133,937

9,593,044

SHAREHOLDERS' FUNDS

10,137,307

9,596,414

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2026 and were signed on its behalf by:

G K Colwill - Director

1.	STATUTORY INFORMATION

Wooda Farm Park 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Rendering of services

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. Deposits paid in advance are carried forward in other creditors as deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings - Nil

Plant and machinery etc - 10 - 33% on reducing balance

The policy of the directors is to maintain the freehold buildings to a good standard of repair and so in their opinion, no depreciation is required, as the expected residual value of the buildings at the end of their useful life is above the carrying value in the accounts.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Financial instruments

All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors, trade and other creditors.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Prior year adjustment

Following a review, it was identified that expenditure of £1,497,435 relating to freehold property had been classified within work in progress in prior periods. The expenditure met the recognition criteria for tangible fixed assets and should have been included within freehold property.

Accordingly, the comparative figures have been restated to reclassify £1,497,435 from work in progress to freehold property. This adjustment has no impact on the company's previously reported profit, net assets, shareholders' funds, or cash flows, as the adjustment relates solely to the presentation and classification of assets within the balance sheet.

The effect of the adjustment on the comparative balance sheet at 31st December 2024 is as follows:

Decrease in work in progress: £1,497,435

Increase in freehold property: £1,497,435

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

8,860,783

Additions

838,870

Disposals

(29,888

)

At 31 December 2025

9,669,765

DEPRECIATION

At 1 January 2025

1,294,199

Charge for year

188,425

Eliminated on disposal

(13,648

)

At 31 December 2025

1,468,976

NET BOOK VALUE

At 31 December 2025

8,200,789

At 31 December 2024

7,566,584

5.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

3,270

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

as restated

£

£

G K Colwill and Mrs K Colwill

Balance outstanding at start of year

14,615

9,670

Amounts advanced

-

14,615

Amounts repaid

(14,615

)

(9,670

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

14,615

Mrs C Veale

Balance outstanding at start of year

614

-

Amounts advanced

-

614

Amounts repaid

(614

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

614

Interest has been charged on the loans at the official rates of interest and both of the loans were repaid on the 30th April 2025.