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REGISTERED NUMBER: 14696269 (England and Wales)






















Unaudited Financial Statements

for the Period 1st March 2023 to 31st March 2024

for

Fosse Meadows Ltd

Fosse Meadows Ltd (Registered number: 14696269)






Contents of the Financial Statements
for the Period 1st March 2023 to 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fosse Meadows Ltd

Company Information
for the Period 1st March 2023 to 31st March 2024







DIRECTORS: J H H Sykes
N D Ball





REGISTERED OFFICE: Stud Farm
Station Road
North Kilworth
Leicestershire
LE17 6JD





REGISTERED NUMBER: 14696269 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Fosse Meadows Ltd (Registered number: 14696269)

Balance Sheet
31st March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 257,143
Tangible assets 5 943,752
1,200,895

CURRENT ASSETS
Stocks 182,500
Debtors 6 103,198
Cash at bank and in hand 25,229
310,927
CREDITORS
Amounts falling due within one year 7 345,655
NET CURRENT LIABILITIES (34,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,166,167

CREDITORS
Amounts falling due after more than one
year

8

(577,583

)

PROVISIONS FOR LIABILITIES (244,500 )
NET ASSETS 344,084

CAPITAL AND RESERVES
Called up share capital 10 100
Share premium 234,153
Retained earnings 109,831
SHAREHOLDERS' FUNDS 344,084

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Fosse Meadows Ltd (Registered number: 14696269)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2024 and were signed on its behalf by:




J H H Sykes - Director



N D Ball - Director


Fosse Meadows Ltd (Registered number: 14696269)

Notes to the Financial Statements
for the Period 1st March 2023 to 31st March 2024

1. STATUTORY INFORMATION

Fosse Meadows Ltd 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - Straight line over 5 years
Turkey barn and butchery - Straight line on cost over 20 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Slaughter house equipment - Straight line on cost over 20 years

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 period 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 period 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.

Fosse Meadows Ltd (Registered number: 14696269)

Notes to the Financial Statements - continued
for the Period 1st March 2023 to 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 period was 31 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 300,000
At 31st March 2024 300,000
AMORTISATION
Amortisation for period 42,857
At 31st March 2024 42,857
NET BOOK VALUE
At 31st March 2024 257,143

5. TANGIBLE FIXED ASSETS
Turkey
barn and Plant and
Buildings butchery machinery
£    £    £   
COST
Additions 13,600 88,118 168,756
Disposals - - -
At 31st March 2024 13,600 88,118 168,756
DEPRECIATION
Charge for period 2,720 5,474 37,102
At 31st March 2024 2,720 5,474 37,102
NET BOOK VALUE
At 31st March 2024 10,880 82,644 131,654

Fosse Meadows Ltd (Registered number: 14696269)

Notes to the Financial Statements - continued
for the Period 1st March 2023 to 31st March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures Slaughter
and Motor house
fittings vehicles equipment Totals
£    £    £    £   
COST
Additions 13,001 109,367 699,913 1,092,755
Disposals - - (47,757 ) (47,757 )
At 31st March 2024 13,001 109,367 652,156 1,044,998
DEPRECIATION
Charge for period 2,726 17,267 35,957 101,246
At 31st March 2024 2,726 17,267 35,957 101,246
NET BOOK VALUE
At 31st March 2024 10,275 92,100 616,199 943,752

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 75,646
Social security & other taxes 27,057
Prepayments 495
103,198

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 70,679
Trade creditors 92,065
Corporation tax 65,800
Social security and other taxes 7,056
Hire purchase 37,149
Directors' current accounts 50,000
Accrued expenses 22,906
345,655

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans 258,562
Hire purchase contracts 53,615
Directors' loan accounts 265,406
577,583

Fosse Meadows Ltd (Registered number: 14696269)

Notes to the Financial Statements - continued
for the Period 1st March 2023 to 31st March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase 90,764

10. CALLED UP SHARE CAPITAL

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

100 Ordinary A Shares shares of £1 each were allotted and fully paid for cash at par during the period.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors J H H Sykes & N D Ball made the following advances to the company during the year:-

J H H Sykes
Use of home as office(312)
Private expenses 59,785
Money Introduced(194,115)
Rent paid3,000

N D Ball
Use of home as office(312)
Private expenses62,663
Money Introduced(189,115)
Rent paid3,000


No interest was payable by the company on the director's loan account.