Company No: 11098831 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	5,094		6,367
		5,094		6,367
Current assets
Debtors	5	6,210		8,782
Cash at bank and in hand		158,130		145,160
		164,340		153,942
Creditors: amounts falling due within one year	6	( 12,645)		( 16,205)
Net current assets		151,695		137,737
Total assets less current liabilities		156,789		144,104
Provision for liabilities		( 968)		( 1,210)
Net assets		155,821		142,894
Capital and reserves
Called-up share capital		100		100
Profit and loss account		155,721		142,794
Total shareholders' funds		155,821		142,894

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Wandylaw Farming Limited (registered number: 11098831) were approved and authorised for issue by the Director on 13 October 2026. They were signed on its behalf by:

A Freeman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wandylaw Farming Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 The Salt Box, Lavendon, Olney, Bucks, MK46 4DS, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover comprises licence fees and grant payments made under the basic and higher level schemes.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. 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 straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Intangible assets

Purchased Basic Payment entitlements are included at cost and amortised over a four year period.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2025	36,570		36,570
At 31 March 2026	36,570		36,570
Accumulated amortisation
At 01 April 2025	36,570		36,570
At 31 March 2026	36,570		36,570
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2025	24,698		24,698
At 31 March 2026	24,698		24,698
Accumulated depreciation
At 01 April 2025	18,331		18,331
Charge for the financial year	1,273		1,273
At 31 March 2026	19,604		19,604
Net book value
At 31 March 2026	5,094		5,094
At 31 March 2025	6,367		6,367

5. Debtors

	2026		2025
	£		£
Accrued income	5,934		5,938
VAT recoverable	276		1,483
Other debtors	0		1,361
	6,210		8,782

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Taxation and social security	3,274		2,780
Other creditors	9,371		13,425
	12,645		16,205

7. Financial commitments

Commitments

At the balance sheet date, the company pays rent to Ellingham Estate and Lady Gadsden's Children's Settlement at half the amount paid under two previous operating leases which have now expired.