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REGISTERED NUMBER: 06347964 (England and Wales)















JPPW POULTRY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






JPPW POULTRY LIMITED (REGISTERED NUMBER: 06347964)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JPPW POULTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P J Whittingham
A D Whittingham
J M Whittingham





SECRETARY: J M Whittingham





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06347964 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

JPPW POULTRY LIMITED (REGISTERED NUMBER: 06347964)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,825,195 1,909,808
1,825,195 1,909,808

CURRENT ASSETS
Stocks 76,325 63,165
Debtors 6 88,615 88,838
Cash at bank 15,590 79,524
180,530 231,527
CREDITORS
Amounts falling due within one year 7 163,083 199,395
NET CURRENT ASSETS 17,447 32,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,842,642

1,941,940

CREDITORS
Amounts falling due after more than one
year

8

(1,553,093

)

(1,639,902

)

PROVISIONS FOR LIABILITIES (104,945 ) (123,843 )
NET ASSETS 184,604 178,195

JPPW POULTRY LIMITED (REGISTERED NUMBER: 06347964)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 184,504 178,095
SHAREHOLDERS' FUNDS 184,604 178,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th September 2024 and were signed on its behalf by:





P J Whittingham - Director


JPPW POULTRY LIMITED (REGISTERED NUMBER: 06347964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

JPPW Poultry 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.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Poultry houses - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

JPPW POULTRY LIMITED (REGISTERED NUMBER: 06347964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 140,000
AMORTISATION
At 1st April 2023
and 31st March 2024 140,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Poultry
property machinery houses Totals
£    £    £    £   
COST
At 1st April 2023 1,159,207 2,554,843 931,046 4,645,096
Additions - 117,105 - 117,105
Disposals - (16,750 ) - (16,750 )
At 31st March 2024 1,159,207 2,655,198 931,046 4,745,451
DEPRECIATION
At 1st April 2023 - 2,187,931 547,357 2,735,288
Charge for year - 119,680 76,738 196,418
Eliminated on disposal - (11,450 ) - (11,450 )
At 31st March 2024 - 2,296,161 624,095 2,920,256
NET BOOK VALUE
At 31st March 2024 1,159,207 359,037 306,951 1,825,195
At 31st March 2023 1,159,207 366,912 383,689 1,909,808

JPPW POULTRY LIMITED (REGISTERED NUMBER: 06347964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st April 2023 118,401
Additions 31,000
Transfer to ownership (108,551 )
At 31st March 2024 40,850
DEPRECIATION
At 1st April 2023 49,954
Charge for year 9,597
Transfer to ownership (47,491 )
At 31st March 2024 12,060
NET BOOK VALUE
At 31st March 2024 28,790
At 31st March 2023 68,447

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 748 -
Directors' current accounts 2,216 -
VAT 85,651 88,838
88,615 88,838

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 90,596 89,121
Hire purchase contracts 7,945 32,779
Trade creditors 3,645 3,369
Corporation Tax 38,898 40,525
Social security and other taxes 5,593 2,948
Other creditors 13,085 7,788
Directors' current accounts 3,321 22,865
163,083 199,395

JPPW POULTRY LIMITED (REGISTERED NUMBER: 06347964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans > 1 year 1,531,681 1,614,774
Bounceback Loan 12,500 22,500
Hire purchase contracts 8,912 2,628
1,553,093 1,639,902

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- P J Whittingham was owed £1,161 (2023 - £8,747)
- J M WHittingham was owed £2,161 (2023 - (£8,747)
- A D Whittingham owed the company £2,216 (2023 - was owed £5,370)

During the year the company made payments totalling £35,000 (2023 - £NIL) to J P P Whittingham and Sons, where all three directors are partners. This is in relation to the rental of premises occupied by the company which is owned by the partnership.

During the year the company made payments totalling £327,500 (2023 - £327,500) to J P P Whittingham and Son in relation to contract work carried out by the partnership on behalf of the company.