REGISTERED NUMBER: 03510038 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Westhorpe Farming Limited

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

8

Directors:

D A Casswell

F N Casswell

Secretary:

Mrs H A Casswell

Registered office:

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

Registered number:

03510038 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westhorpe Farming Limited for the year ended 31 March 2026 which comprise the Statement of income and retained earnings, Statement of financial position and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Westhorpe Farming Limited, as a body, in accordance with the terms of our engagement letter dated 26 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Westhorpe Farming Limited and state those matters that we have agreed to state to the Board of Directors of Westhorpe Farming Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westhorpe Farming Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Westhorpe Farming 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 Westhorpe Farming Limited. You consider that Westhorpe Farming 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 Westhorpe Farming 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.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

2 November 2026

Fixed assets

Biological assets

5

-

6,020

Tangible assets

6

121,001

132,790

Investments

7

7

7

121,008

138,817

Current assets

Debtors

8

39,521

16,201

Cash at bank

48,598

55,845

88,119

72,046

Creditors

Amounts falling due within one year

9

63,749

74,951

Net current assets/(liabilities)

24,370

(2,905

)

Total assets less current liabilities

145,378

135,912

Provisions for liabilities

4,650

2,852

Net assets

140,728

133,060

Capital and reserves

Called up share capital

10

125,000

125,000

Retained earnings

15,728

8,060

Shareholders' funds

140,728

133,060

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

D A Casswell - Director

1.	Statutory information

Westhorpe Farming 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Tangible fixed assets

Freehold land

- Not depreciated

Plant and machinery

- 20% reducing balance or 5% straight line

Fixtures, fittings and equipment

- 20% reducing balance

Motor vehicles

- 25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Biological assets

Biological assets measured under the fair value model are valued on initial recognition and at each reporting date at fair value less costs to sell. Changes in fair value less costs to sell are recognised in profit or loss.

Agricultural produce harvested from these biological assets is measured at the point of harvest at its fair value less costs to sell.

Biological assets measured under the cost model are held at cost less any accumulated depreciation and any accumulated impairment losses.

Agricultural produce harvested from these biological assets is measured at the point of harvest at either: the lower of cost and estimated selling price less costs to complete and sell; or its fair value less costs to sell. Any gain or loss arising on initial recognition of produce at fair value less costs to sell is included in profit or loss for the period.

4.	Employees and directors

The average number of employees during the year was 1 (2025 - 1 ) .

5.	Biological assets

Other

intangible

assets

£

Cost

At 1 April 2025

6,020

Harvest

(6,020

)

At 31 March 2026

-

Net book value

At 31 March 2026

-

At 31 March 2025

6,020

6.	Tangible fixed assets

Fixtures,

fittings

Land and

Plant and

and

Motor

buildings

machinery

equipment

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2025

71,725

184,763

607

12,000

269,095

Disposals

-

(7,800

)

-

-

(7,800

)

At 31 March 2026

71,725

176,963

607

12,000

261,295

Depreciation

At 1 April 2025

-

125,298

607

10,400

136,305

Charge for year

-

11,169

-

400

11,569

Eliminated on disposal

-

(7,580

)

-

-

(7,580

)

At 31 March 2026

-

128,887

607

10,800

140,294

Net book value

At 31 March 2026

71,725

48,076

-

1,200

121,001

At 31 March 2025

71,725

59,465

-

1,600

132,790

7.	Fixed asset investments

Other

investments

other

than

loans

£

Cost

At 1 April 2025

and 31 March 2026

7

Net book value

At 31 March 2026

7

At 31 March 2025

7

8.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

36,998

13,711

VAT

381

362

Prepayments and accrued income

2,142

2,128

39,521

16,201

9.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

10,328

6,020

Directors' current accounts

51,331

66,931

Accruals and deferred income

2,090

2,000

63,749

74,951

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

125,000

Ordinary shares

£1

125,000

125,000