REGISTERED NUMBER: 07926104 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Woodhey Dairy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P C Robinson

Mrs R M Robinson

M P Robinson

REGISTERED OFFICE:

Woodhey Hall

Woodhey Hall Lane

Faddiley

Nantwich

Cheshire

CW5 8JH

REGISTERED NUMBER:

07926104 (England and Wales)

FIXED ASSETS

Biological assets

4

2,325,700

2,185,340

Tangible assets

5

7,146,449

6,969,922

9,472,149

9,155,262

CURRENT ASSETS

Stocks

696,160

877,200

Debtors

6

467,994

406,827

Cash at bank

297,391

-

1,461,545

1,284,027

CREDITORS

Amounts falling due within one year

7

929,232

952,648

NET CURRENT ASSETS

532,313

331,379

TOTAL ASSETS LESS CURRENT LIABILITIES

10,004,462

9,486,641

CREDITORS

Amounts falling due after more than one year

8

(6,663,037

)

(6,623,145

)

PROVISIONS FOR LIABILITIES

(329,492

)

(210,123

)

NET ASSETS

3,011,933

2,653,373

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

3,011,903

2,653,343

3,011,933

2,653,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 16 September 2026 and were signed on its behalf by:

M P Robinson - Director

P C Robinson - Director

Mrs R M Robinson - Director

1.	STATUTORY INFORMATION

Woodhey Dairy 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.

Biological assets

Biological assets are recognised only when three recognition criteria have been fulfilled:

1) The entity has control over the asset as a result of past events;

2) It is probable that future economic benefits associated with the asset will flow to the entity; and

3) The fair value or cost of the asset can be measure reliably.

The company measures biological assets at cost less accumulated depreciation and accumulated impairment losses.

In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at either the lower of cost and estimated selling price less costs to complete and sell; or fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at fair value less costs to sell being include in the profit or loss.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

15% on reducing balance, 5% on cost and Solar Panels Straight line over 25 years

During the financial year, the company reviewed the useful economic life of its Plant & Machinery. Following this review, it was determined that a depreciation rate of 15% per annum more accurately reflects the pattern in which the economic benefits of these assets are consumed, compared to the 20% rate previously applied.

This change has been accounted for prospectively as a change in accounting estimate. The effect of this change on the current financial year is a reduction in the depreciation charge of £60,682, with a corresponding increase in the net book value of tangible fixed assets and profit before tax by the same amount.

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non- current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

4.	BIOLOGICAL ASSETS

Dairy

Herd

£

COST

At 1 April 2025

2,185,340

Additions

140,360

At 31 March 2026

2,325,700

NET BOOK VALUE

At 31 March 2026

2,325,700

At 31 March 2025

2,185,340

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

5,828,481

2,357,604

8,186,085

Additions

-

386,032

386,032

Transfer to ownership

-

(42,478

)

(42,478

)

At 31 March 2026

5,828,481

2,701,158

8,529,639

DEPRECIATION

At 1 April 2025

-

1,216,163

1,216,163

Charge for year

-

209,505

209,505

Transfer to ownership

-

(42,478

)

(42,478

)

At 31 March 2026

-

1,383,190

1,383,190

NET BOOK VALUE

At 31 March 2026

5,828,481

1,317,968

7,146,449

At 31 March 2025

5,828,481

1,141,441

6,969,922

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

428,700

Additions

38,500

Transfer to ownership

(44,950

)

At 31 March 2026

422,250

DEPRECIATION

At 1 April 2025

104,195

Charge for year

54,080

Transfer to ownership

(42,478

)

At 31 March 2026

115,797

NET BOOK VALUE

At 31 March 2026

306,453

At 31 March 2025

324,505

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

446,927

396,874

Other debtors

21,067

9,953

467,994

406,827

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans and overdrafts

76,106

142,174

Hire purchase contracts

83,320

81,738

Trade creditors

401,638

313,032

Taxation and social security

95,357

7,986

Other creditors

272,811

407,718

929,232

952,648

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans

6,512,754

6,405,070

Hire purchase contracts

150,283

218,075

6,663,037

6,623,145

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,208,330

6,165,487

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/26

31/3/25

£

£

Bank loans

6,588,860

6,464,966

Hire purchase contracts

233,603

299,813

6,822,463

6,764,779

National Westminster Bank Plc have a fixed and floating charge over the assets of the Company.

On 25th October 2023, Oxbury Bank Plc took a fixed and floating charge over the assets of the Company following the purchase of Hollywell Farm, Wrexham Road, Faddiley, Nantwich.

Hire purchase is secured against the asset it relates to.