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REGISTERED NUMBER: 07698460 (England and Wales)














Red Lion Poultry (Spalding) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Red Lion Poultry (Spalding) Limited (Registered number: 07698460)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Red Lion Poultry (Spalding) Limited

Company Information
for the Year Ended 31 March 2024







Director: J W Johnson





Secretary: E Johnson





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: 11 Greatford Gardens
Greatford
Stamford
Lincolnshire
PE9 4PX





Registered number: 07698460 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Red Lion Poultry (Spalding) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Lion Poultry (Spalding) Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Red Lion Poultry (Spalding) Limited in accordance with the terms of our engagement letter dated 29 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Red Lion Poultry (Spalding) Limited and state those matters that we have agreed to state to the director of Red Lion Poultry (Spalding) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Lion Poultry (Spalding) Limited and its director for our work or for this report.

It is your duty to ensure that Red Lion Poultry (Spalding) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Lion Poultry (Spalding) Limited. You consider that Red Lion Poultry (Spalding) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Lion Poultry (Spalding) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


13 November 2024

Red Lion Poultry (Spalding) Limited (Registered number: 07698460)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 23,989 25,797
Investments 6 60,000 60,000
83,989 85,797

Current assets
Debtors 7 28,438 28,356
Cash at bank and in hand 86,822 68,583
115,260 96,939
Creditors
Amounts falling due within one year 8 47,861 50,324
Net current assets 67,399 46,615
Total assets less current liabilities 151,388 132,412

Creditors
Amounts falling due after more than one
year

9

(31,434

)

(40,804

)

Provisions for liabilities (516 ) (716 )
Net assets 119,438 90,892

Capital and reserves
Called up share capital 11 100 100
Retained earnings 119,338 90,792
Shareholders' funds 119,438 90,892

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Red Lion Poultry (Spalding) Limited (Registered number: 07698460)

Statement of Financial Position - continued
31 March 2024


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





J W Johnson - Director


Red Lion Poultry (Spalding) Limited (Registered number: 07698460)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Red Lion Poultry (Spalding) 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.

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

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

Freehold property- Not depreciated
Motor vehicles- 25% reducing balance
Equipment- 25% reducing balance
Computer equipment- 3 years straight line

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 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.

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.

Red Lion Poultry (Spalding) Limited (Registered number: 07698460)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

5. Tangible fixed assets
Land and Motor
buildings Equipment vehicles Totals
£    £    £    £   
Cost
At 1 April 2023
and 31 March 2024 18,563 16,852 660 36,075
Depreciation
At 1 April 2023 - 9,684 594 10,278
Charge for year - 1,792 16 1,808
At 31 March 2024 - 11,476 610 12,086
Net book value
At 31 March 2024 18,563 5,376 50 23,989
At 31 March 2023 18,563 7,168 66 25,797

6. Fixed asset investments
Other
investments
£   
Cost
At 1 April 2023
and 31 March 2024 60,000
Net book value
At 31 March 2024 60,000
At 31 March 2023 60,000

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 25,370 27,288
Social security and other
taxes 3,068 1,068
28,438 28,356

Red Lion Poultry (Spalding) Limited (Registered number: 07698460)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,126 10,126
Trade creditors 934 328
Corporation tax 20,251 27,089
VAT 2,005 292
Other creditors 5,763 7,629
Directors' current accounts 4,637 965
Accruals 4,145 3,895
47,861 50,324

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans over 1 year 31,434 40,804

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 41,560 50,930

11. Called up share capital

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