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REGISTERED NUMBER: 04257084 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

CROSSHILLS PIGS LIMITED

CROSSHILLS PIGS LIMITED (REGISTERED NUMBER: 04257084)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


CROSSHILLS PIGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: K A Heselwood
I G Heselwood





SECRETARY: I G Heselwood





REGISTERED OFFICE: Crosshills Lane
Flaxley Road
Selby
North Yorkshire
YO8 4RU





REGISTERED NUMBER: 04257084 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

CROSSHILLS PIGS LIMITED (REGISTERED NUMBER: 04257084)

BALANCE SHEET
28TH FEBRUARY 2023

28/2/23 28/2/22
Notes £    £   
FIXED ASSETS
Single farm entitlement 4 6,762 6,762
Tangible assets 5 1,724,038 1,723,263
1,730,800 1,730,025

CURRENT ASSETS
Stocks 83,000 262,125
Debtors 6 104,332 95,535
Cash at bank 15 15
187,347 357,675
CREDITORS
Amounts falling due within one year 7 (1,134,947 ) (547,860 )
NET CURRENT LIABILITIES (947,600 ) (190,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,200

1,539,840

CREDITORS
Amounts falling due after more than one
year

8

(146,043

)

(923,043

)

PROVISIONS FOR LIABILITIES (37,585 ) (40,633 )
NET ASSETS 599,572 576,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 599,472 576,064
599,572 576,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

CROSSHILLS PIGS LIMITED (REGISTERED NUMBER: 04257084)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 10th November 2023 and were signed on its behalf by:





I G Heselwood - Director


CROSSHILLS PIGS LIMITED (REGISTERED NUMBER: 04257084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Crosshills Pigs 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 - 4% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CROSSHILLS PIGS LIMITED (REGISTERED NUMBER: 04257084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st March 2022
and 28th February 2023 6,762
NET BOOK VALUE
At 28th February 2023 6,762
At 28th February 2022 6,762

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2022 1,757,827 625,485 2,383,312
Additions - 26,000 26,000
At 28th February 2023 1,757,827 651,485 2,409,312
DEPRECIATION
At 1st March 2022 263,929 396,120 660,049
Charge for year 9,129 16,096 25,225
At 28th February 2023 273,058 412,216 685,274
NET BOOK VALUE
At 28th February 2023 1,484,769 239,269 1,724,038
At 28th February 2022 1,493,898 229,365 1,723,263

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 82,320 60,105
Other debtors 22,012 35,430
104,332 95,535

CROSSHILLS PIGS LIMITED (REGISTERED NUMBER: 04257084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 625,779 63,265
Trade creditors 64,899 54,052
Taxation and social security 17,027 7,791
Other creditors 427,242 422,752
1,134,947 547,860

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans - 750,000
Other creditors 146,043 173,043
146,043 923,043

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 750,000

9. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank loans 24,579 800,000

10. RELATED PARTY DISCLOSURES

Included in creditors are directors current accounts amounting to £396,176 (2022 £392,176) and a loan from a relative of the directors amounting to £173,044 (2022 £200,043). The relative was previously a director of the company and an agreement is in place to repay over six remaining years. No interest is charged by the company in respect of this amount and there are no other fixed terms for repayment.