G.H.Walton & Son Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00627733 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

G.H.WALTON & SON LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J K Walton

Ms J M Walton

Mrs E R Walton

Mr T R Walton

SECRETARY:

Mrs E R Walton

REGISTERED OFFICE:

The Woodlands

Malt House Lane

Long Compton

SHIPSTON-ON-STOUR

Warwickshire

CV36 5JL

REGISTERED NUMBER:

00627733 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

2,750,650

2,769,259

Investment property

5

436,990

3,187,640

3,206,249

CURRENT ASSETS

Stocks

6

95,890

99,128

Debtors

7

106,894

73,328

Investments

8

250

Cash at bank and in hand

335

342

203,369

173,048

CREDITORS

Amounts falling due within one year

9

296,449

231,685

NET CURRENT LIABILITIES

(93,080

)

(58,637

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,094,560

3,147,612

CREDITORS

Amounts falling due after more than one
year

10

(398,253

)

(448,164

)

PROVISIONS FOR LIABILITIES

13

(321,070

)

(319,072

)

NET ASSETS

2,375,237

2,380,376

CAPITAL AND RESERVES

Called up share capital

14

10,000

Revaluation reserve

15

1,951,432

Retained earnings

15

413,805

418,944

SHAREHOLDERS' FUNDS

2,375,237

2,380,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 7 November 2025 and were signed on its behalf by:

Mr J K Walton - Director

1.	STATUTORY INFORMATION

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents earned income from sales of crops and rental income, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

not provided - see below

Leasehold improvement

-

10% on cost, 5% on cost and not provided

Farm buildings

-

Straight line over 10 years

Implements and plant

-

10% on reducing balance

Clay shoot equipment

-

15% on reducing balance

Office and sundries

-

33% on cost and 25% on cost

Motor vehicles

-

25% on reducing balance

Tractors

-

10% on cost

Depreciation has not been provided on Freehold Property, on the basis that the estimated residual value is not expected to be less than the current balance sheet value and therefore any depreciation would not be material.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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 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.

Current asset investment

Current asset investments are stated at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Farm

Implements

property

improvement

buildings

and plant

£

COST OR VALUATION

At 1 May 2024

2,280,000

768,594

73,918

169,339

Additions

-

6,105

-

3,290

At 30 April 2025

2,280,000

774,699

73,918

172,629

DEPRECIATION

At 1 May 2024

-

341,439

73,917

108,752

Charge for year

-

33,840

-

6,466

At 30 April 2025

-

375,279

73,917

115,218

NET BOOK VALUE

At 30 April 2025

2,280,000

399,420

1

57,411

At 30 April 2024

2,280,000

427,155

1

60,587

Clay

Office

shoot

and

Motor

equipment

sundries

vehicles

Tractors

Totals

£

COST OR VALUATION

At 1 May 2024

71

4,454

17,388

63,500

3,377,264

Additions

-

1,746

14,750

-

25,891

At 30 April 2025

71

6,200

32,138

63,500

3,403,155

DEPRECIATION

At 1 May 2024

69

4,126

16,202

63,500

608,005

Charge for year

-

208

3,986

-

44,500

At 30 April 2025

69

4,334

20,188

63,500

652,505

NET BOOK VALUE

At 30 April 2025

2

1,866

11,950

-

2,750,650

At 30 April 2024

2

328

1,186

-

2,769,259

Cost or valuation at 30 April 2025 is represented by:

Freehold

Leasehold

Farm

Implements

property

improvement

buildings

and plant

£

Valuation in 2010

1,147,804

-

Valuation in 2011

100,000

-

Valuation in 2012

100,000

-

Valuation in 2018

300,000

-

Valuation in 2021

70,000

-

Valuation in 2022

260,000

-

Valuation in 2023

111,253

-

Valuation in 2024

163,367

-

Cost

27,576

774,699

73,918

172,629

2,280,000

774,699

73,918

172,629

Clay

Office

shoot

and

Motor

equipment

sundries

vehicles

Tractors

Totals

£

Valuation in 2010

-

1,147,804

Valuation in 2011

-

100,000

Valuation in 2012

-

100,000

Valuation in 2018

-

300,000

Valuation in 2021

-

70,000

Valuation in 2022

-

260,000

Valuation in 2023

-

111,253

Valuation in 2024

-

163,367

Cost

71

6,200

32,138

63,500

1,150,731

71

6,200

32,138

63,500

3,403,155

If freehold property & buildings had not been revalued they would have been included at the following historical cost:

30.4.25

30.4.24

£

Cost

101,494

Aggregate depreciation

73,917

Freehold property & buildings were valued on an open market basis on 30 April 2025 by the directors .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

436,990

NET BOOK VALUE

At 30 April 2025

436,990

At 30 April 2024

436,990

6.

STOCKS

30.4.25

30.4.24

£

Stocks

95,890

99,128

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

92,997

57,817

VAT

1,938

5,725

Prepayments & accrued income

11,959

9,786

106,894

73,328

8.	CURRENT ASSET INVESTMENTS

30.4.25

30.4.24

£

Unlisted investments

250

The market value of those unlisted investments available to be sold by auction (with a historic cost of £250) at the year end is £250.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts (see note 11)

80,288

84,679

Trade creditors

44,410

55,031

Tax

23,737

1,678

Social security and other taxes

292

1,230

Other creditors

55,711

21,264

Rents received in advance

13,652

13,882

Wages

-

2,376

Directors' current accounts

71,519

31,892

Accruals and deferred income

6,840

19,653

296,449

231,685

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans (see note 11)

398,253

448,164

30.4.25

30.4.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

144,065

176,043

11.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

Amounts falling due within one year or on demand:

Bank overdrafts

3,459

7,850

Bank loans

76,829

80,288

84,679

Amounts falling due between one and two years:

Bank loans - 1-2 years

69,741

78,530

Amounts falling due between two and five years:

Bank loans - 2-5 years

184,447

193,591

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

144,065

176,043

12.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

Bank overdrafts

3,459

7,850

Bank loans

475,082

524,993

478,541

532,843

The bank loan is secured by way of a fixed and floating charge over the assets of the company in favour of HSBC bank dated 2 December 2015 plus a legal charge over the freehold property known as North Down Farm in favour of HSBC bank dated 6 April 2016.

13.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

Deferred tax

Other timing differences

300,992

Accelerated capital allowances

20,078

18,080

321,070

319,072

Deferred

tax

£

Balance at 1 May 2024

319,072

Provided during year

1,998

Revaluation reserve

Balance at 30 April 2025

321,070

14.	CALLED UP SHARE CAPITAL

15.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 May 2024

418,944

1,951,432

2,370,376

Profit for the year

67,361

Dividends

(72,500

)

(72,500

)

At 30 April 2025

413,805

1,951,432

2,365,237