Whirlow Hall Farm Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01416382 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

WHIRLOW HALL FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P D Edwards

REGISTERED OFFICE:

Whirlow Hall Farm

Whirlow Lane

Sheffield

S11 9QF

REGISTERED NUMBER:

01416382 (England and Wales)

AUDITORS:

Hollis and Co Limited

Chartered Accountants

Statutory Auditor

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Intangible assets

4

1,071

2,142

Tangible assets

5

16,914

21,589

17,985

23,731

CURRENT ASSETS

Stocks

57,220

19,234

Debtors

6

2,149

20,893

Cash at bank and in hand

113,445

292,950

172,814

333,077

CREDITORS

Amounts falling due within one year

7

180,545

363,801

NET CURRENT LIABILITIES

(7,731

)

(30,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,254

(6,993

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10,252

(6,995

)

SHAREHOLDERS' FUNDS

10,254

(6,993

)

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 director and authorised for issue on 4 November 2023 and were signed by:

P D Edwards - Director

1.	STATUTORY INFORMATION

Whirlow Hall Farm 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £1.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company

and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration

received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following

criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with

ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Government Grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on

tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which

the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related

expenditure.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance and at varying rates on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any

accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing

the asset to the location and condition necessary for it to be capable of operating in the manner intended by

management.

Depreciation is charged from the month of purchase so as to allocate the cost of assets less their residual value over their estimated useful lives.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount at the date of disposal and are recognised in the profit or loss account.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to

complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and

finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is

reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in

profit or loss.

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 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.

Pension costs and other post-retirement benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension

plan under which the Company pays fixed contributions into a separate entity. Once the contributions have

been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are

shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the

Company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2022

and 31 July 2023

4,485

AMORTISATION

At 1 August 2022

2,343

Charge for year

1,071

At 31 July 2023

3,414

NET BOOK VALUE

At 31 July 2023

1,071

At 31 July 2022

2,142

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2022

6,176

55,251

61,427

Additions

-

2,651

2,651

Disposals

-

(3,518

)

(3,518

)

At 31 July 2023

6,176

54,384

60,560

DEPRECIATION

At 1 August 2022

3,320

36,518

39,838

Charge for year

347

6,565

6,912

Eliminated on disposal

-

(3,104

)

(3,104

)

At 31 July 2023

3,667

39,979

43,646

NET BOOK VALUE

At 31 July 2023

2,509

14,405

16,914

At 31 July 2022

2,856

18,733

21,589

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

23

17,965

Other debtors

2,126

2,928

2,149

20,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

23,834

19,411

Amounts owed to group undertakings

96,775

266,353

Taxation and social security

2,880

29,835

Other creditors

57,056

48,202

180,545

363,801

8.	SECURED DEBTS

A debenture creating a fixed and floating charge over the undertaking and all assets was given to Whirlow Hall Farm Trust Limited in May 1996.

A floating charge ver the undertaking and all assets was given to Midland Bank (now HSBC plc) in April 1979.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

PETER HOLLIS (Senior Statutory Auditor)

for and on behalf of Hollis and Co Limited

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Whirlow Hall Farm Trust Limited.

The Registered Office for Whirlow Hall Farm Trust Limited is Whirlow Hall Farm, Whirlow Lane, Sheffield, S11 9QF.