Woburn Country Foods Limited 31/03/2026 iXBRL

Company registration number: 04322435

Woburn Country Foods Limited

Unaudited filleted financial statements

31 March 2026

Woburn Country Foods Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Woburn Country Foods Limited

Directors and other information


	Directors	Mr E A Davies
		Ms H M Davies
		Mr R B H Davies


	Secretary	Mr E A Davies


	Company number	04322435


	Registered office	First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ


	Accountants	Hicks and Company
		First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ




	Bankers	HSBC
		12 Allhallows
		Bedford
		Bedfordshire
		MK40 1LJ

Woburn Country Foods Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Woburn Country Foods Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woburn Country Foods Limited for the year ended 31 March 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Woburn Country Foods Limited, as a body, in accordance with the terms of our engagement letter dated 6 November 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Woburn Country Foods Limited and state those matters that we have agreed to state to the board of directors of Woburn Country Foods Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woburn Country Foods Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Woburn Country Foods Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Woburn Country Foods Limited. You consider that Woburn Country Foods Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Woburn Country Foods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

1 October 2026

Woburn Country Foods Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	162,967		204,055
Investments	6	50		50
		_______		_______
			163,017		204,105

Current assets
Stocks		88,070		93,354
Debtors	7	166,117		176,326
Cash at bank and in hand		208,019		157,456
		_______		_______
		462,206		427,136
Creditors: amounts falling due
within one year	8	( 177,073)		( 173,799)
		_______		_______
Net current assets			285,133		253,337
			_______		_______
Total assets less current liabilities			448,150		457,442

Creditors: amounts falling due
after more than one year	9		( 40,656)		( 51,744)

Provisions for liabilities			( 7,690)		( 10,390)

			_______		_______
Net assets			399,804		395,308
			_______		_______

Capital and reserves
Called up share capital	11		320		400
Share premium account			49,970		49,970
Profit and loss account			349,514		344,938
			_______		_______
Shareholders funds			399,804		395,308
			_______		_______

For the 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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 01 October 2026 , and are signed on behalf of the board by:

Ms H M Davies

Director

Company registration number: 04322435

Woburn Country Foods Limited

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 April 2024	400	49,970	380,758	431,128

Profit/(loss) for the year			( 31,815)	( 31,815)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 31,815)	( 31,815)

Dividends paid and payable			( 4,005)	( 4,005)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 4,005)	( 4,005)

	_______	_______	_______	_______
At 31 March 2025 and 1 April 2025	400	49,970	344,938	395,308

Profit/(loss) for the year			12,588	12,588
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	12,588	12,588

Dividends paid and payable			( 8,006)	( 8,006)
Redemption of shares	( 80)	-	-	( 80)
	_______	_______	_______	_______
Total investments by and distributions to owners	( 80)	-	( 8,006)	( 8,086)

	_______	_______	_______	_______
At 31 March 2026	320	49,970	349,514	399,804
	_______	_______	_______	_______

Woburn Country Foods Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is First Floor, 99 Bancroft, Hitchin, Hertfordshire, SG5 1NQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Improvements to property	-	25 %	reducing balance
Plant and machinery	-	25 %	straight line
Fixtures and fittings	-	25 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured 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 the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2025: 14 ).

5. Tangible assets

	Improvements to property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	603,925	229,256	12,712	82,240	928,133
Additions	-	582	1,445	-	2,027
Disposals	-	( 33,489)	-	-	( 33,489)
	_______	_______	_______	_______	_______
At 31 March 2026	603,925	196,349	14,157	82,240	896,671
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	448,314	223,982	12,183	39,599	724,078
Charge for the year	27,467	4,681	245	10,661	43,054
Disposals	-	( 33,428)	-	-	( 33,428)
	_______	_______	_______	_______	_______
At 31 March 2026	475,781	195,235	12,428	50,260	733,704
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	128,144	1,114	1,729	31,980	162,967
	_______	_______	_______	_______	_______
At 31 March 2025	155,611	5,274	529	42,641	204,055
	_______	_______	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	50	50
	_______	_______
Impairment
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	50	50
	_______	_______
At 31 March 2025	50	50
	_______	_______

Investments in group undertakings
	Registered office	Class of share	Percentage of shares held

Participating interest
Charles River (Hitchin) Limited	First Floor Offices 99 Bancroft Hitchin Hertfordshire SG5 1NQ	Ordinary shares	50

The results and capital and reserves for the period of the trading companies are as follows:


		Capital and		Profit/(loss)
		reserves		for the
				period
	2026	2025	2026	2025
	£	£	£	£

Participating interest
Charles River (Hitchin) Limited	25,025	16,891	8,134	(13,708)

7. Debtors

	2026	2025
	£	£
Trade debtors	138,050	151,655
Amounts owed by group undertakings and undertakings in which the company has a participating interest	20,559	17,381
Other debtors	7,508	7,290
	_______	_______
	166,117	176,326
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	151,192	133,269
Corporation tax	9,492	4,892
Social security and other taxes	-	13,593
Other creditors	16,389	22,045
	_______	_______
	177,073	173,799
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	40,656	51,744
	_______	_______

10. Government grants

The amounts recognised in the for government grants are as follows:

	2026	2025
	£	£
Recognised in creditors:
Deferred government grants due within one year	11,088	11,088
Deferred government grants due after more than one year	40,656	51,744
	_______	_______
	51,744	62,832
	_______	_______
Recognised in other operating income:
Government grants released to profit or loss	11,088	11,088
	_______	_______

In the years up to 2010, government grants were receivable by the company in respect of capital expenditure. Out of amounts deferred from the previous year, £11,088 (2025 £11,088) has been credited to the Income Statement in accordance with the corresponding depreciation policies for the assets concerned. At the year end the deferred balance of £51,744 (2025 £62,832) has been included in accruals and deferred income.

11. Called up share capital

On 10 April 2008 28 ordinary shares of £1 each were issued by way of bonus issue. On 19 November 2008 a further 240 ordinary shares of £1 each were issued by way of bonus issue. A further 30 ordinary shares of £1 each were then issued for cash at a premium of £1665.6666 per share. On 10 November 2008 a new category of shares known as Producer Shares was created in connection with the establishment of the Woburn Country Foods Producer Group. The shares are Cumulative Participating Redeemable Preference Shares with a nominal value of £1 each. During the year ended 31 March 2009, 1,260 Producer Shares were issued at par for cash. 260 of those Producer Shares were redeemed at par for cash during the year ended 31 March 2020. A further 900 of those Producer Shares were redeemed at par for cash on 20 April 2021. The Producer Shares shall only be issued to Members of the Woburn Country Foods Producer Group ("the Producer Group") as defined in the Formation Agreement for the Producer Group dated 10 November 2008. The Producer Shares are Cumulative Participating Redeemable Preference Shares and confer on their holders the following rights:- 1. As to income:- the right to a fixed cumulative preferential dividend at the rate of 5% per annum on the capital for the time being paid up or credited as paid up on the Shares as at 31 March in each year to be paid to the extent that there are profits available for distribution annually on 31 March in each year in respect of the 12 months ending on that date. The right to a participating dividend which shall be calculated by taking 10% of the net profit of the Company after tax in each year (as certified by the company's accountants), dividing the same by the authorised number of Producer Shares and paying the resultant amount as a dividend on each Producer Share for the time being paid up or credited as paid up on 31 March in each year but subject to the provisions relating to cancellation of the dividends set out in the Formation Agreement. 2. As to capital - the right on a winding up or other return of capital to repayment in priority to any payment to the holder of any shares in the capital of the Company of the amounts paid up on the Producer Shares held by them and any arrears or accruals of the fixed dividend on the Producer Shares held by them whether declared or earned or not calculated down to the date of such repayment. 3. As to voting - the right to attend any general meeting of the Company but not to vote at such meeting or vote on any written resolution proposed to be passed by the Company unless at the date of notice or requisition to convene the meeting the fixed preferential dividend is in arrears for more than 6 months after any date for payment of it (unless the Company is prevented by law from paying the dividend); or the proposition to be submitted to the meeting abrogates or varies or otherwise directly affects the special rights and privileges attaching to the Producer Shares. The Producer Shares shall subject to the provisions of the Companies Act 2006 Part 18, Chapter 3 be redeemed upon and subject to the following terms and conditions:- The company shall have the right at any time after the holder of any of the Producer Shares ceases to be a Member of the Producer Group or as otherwise provided in the Formation Agreement to redeem all Producer Shares held by such shareholder at their par value.

12. Pension commitments

The company's annual commitment under the scheme is for contributions of £9,559 (2025 £11,750).Included in other creditors are amounts due to the pension scheme of £- (2025 £4,675).

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Charles River (Hitchin) Limited - sales	227,807	144,861	18,294	14,940
Charles River (Hitchin) Limited - management fees receivable	12,000	11,000	1,000	1,000
Charles River (Hitchin) Limited - salary recharge	685	8,242	-	176
Charles River (Hitchin) Limited - subcontract costs	663	2,093	-	-
Davies Farm - rent, insurance and electricity receivable	1,650	1,650	1,650	1,650
Davies Farm - light and heat payable	2,560	1,227	(541)	(1,227)
Davies Farm - repairs and maintenace payable	96	1,217	-	-
West End Barns - light and heat receivable	2,107	2,585	549	907
West End Barns - water rates payable	670	853	(300)	(535)
West End Barns - light & heat payable	11,546	11,735	(1,227)	(1,712)
West End Barns - rent payable	22,956	22,956	-	-
West End Barns - insurance	4,999	5,391	-	-
West end Barns - equipment hire	2,400	2,700	-	-
West End Barns - management fee	600	600	-	-
	_______	_______	_______	_______