REGISTERED NUMBER: 00844471 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

WORSALL MANOR FARMS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R B Bainbridge

Mrs G R Bainbridge

SECRETARY:

Mrs G R Bainbridge

REGISTERED OFFICE:

Worsall Manor Farm

Low Worsall

Yarm

North Yorkshire

TS15 9PJ

REGISTERED NUMBER:

00844471 (England and Wales)

BANKERS:

National Westminster

Stockton Branch

123 High Street

Stockton on Tees

TS18 1NW

FIXED ASSETS

Tangible assets

4

395,502

398,273

CURRENT ASSETS

Stocks

116,614

108,298

Debtors

83,576

76,431

Investments

300

300

Cash at bank

369,117

460,729

569,607

645,758

CREDITORS

Amounts falling due within one year

20,620

72,964

NET CURRENT ASSETS

548,987

572,794

TOTAL ASSETS LESS CURRENT LIABILITIES

944,489

971,067

CREDITORS

Amounts falling due after more than one year

(514

)

(605

)

PROVISIONS FOR LIABILITIES

(49,376

)

(49,744

)

NET ASSETS

894,599

920,718

CAPITAL AND RESERVES

Called up share capital

41,600

41,600

Capital redemption reserve

8,400

8,400

Retained earnings

844,599

870,718

SHAREHOLDERS' FUNDS

894,599

920,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 November 2025 and were signed on its behalf by:

R B Bainbridge - Director

Mrs G R Bainbridge - Director

1.	STATUTORY INFORMATION

Worsall Manor Farms 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.

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 the total amount receivable by the company in respect of sales, excluding VAT. Revenue is recognised when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the sale of livestock and produce is recognised when the goods have been collected or delivered.

Tangible fixed assets

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

Leasehold Buildings

-

5% on cost

Implements and machinery

-

15% on reducing balance

Tractors and trailers

-

at variable rates on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Produce is valued at market value less 25%. The value of growing crops reflects the cost incurred up to the balance sheet date.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs is the contributions payable in the year.

Grants

Grants in respect of capital expenditure are credited to a deferred income account and are released to the profit and loss account over the life of the related asset, commencing in the year in which the grant is received.

Income arising under the Basic Payment Scheme is recognised on receipt.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,445,709

Additions

50,605

Disposals

(31,390

)

At 31 March 2025

1,464,924

DEPRECIATION

At 1 April 2024

1,047,436

Charge for year

49,844

Eliminated on disposal

(27,858

)

At 31 March 2025

1,069,422

NET BOOK VALUE

At 31 March 2025

395,502

At 31 March 2024

398,273

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R B Bainbridge

Balance outstanding at start of year

(1,573

)

(6,273

)

Amounts advanced

33,200

36,870

Amounts repaid

(18,329

)

(32,170

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,298

(1,573

)