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REGISTERED NUMBER: 10221299 (England and Wales)















Stet Potato Ltd

Financial Statements For The Year Ended 30 June 2024






Stet Potato Ltd (Registered number: 10221299)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stet Potato Ltd

Company Information
For The Year Ended 30 June 2024







DIRECTORS: P M Hewett
P C Ton





REGISTERED OFFICE: 12 Vincent Court
Turnstone Road
Teal Park
Lincoln
LN6 3UA





REGISTERED NUMBER: 10221299 (England and Wales)





AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Stet Potato Ltd (Registered number: 10221299)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,301 2,874

CURRENT ASSETS
Stocks 5 2,829 19,046
Debtors 6 87,460 79,411
Cash at bank 560,208 204,789
650,497 303,246
CREDITORS
Amounts falling due within one year 7 930,784 622,333
NET CURRENT LIABILITIES (280,287 ) (319,087 )
TOTAL ASSETS LESS CURRENT LIABILITIES (277,986 ) (316,213 )

PROVISIONS FOR LIABILITIES 8 575 719
NET LIABILITIES (278,561 ) (316,932 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (278,661 ) (317,032 )
SHAREHOLDERS' FUNDS (278,561 ) (316,932 )

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 25 November 2024 and were signed on its behalf by:





P M Hewett - Director


Stet Potato Ltd (Registered number: 10221299)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Stet Potato 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Notwithstanding the deficit in net assets of £278,561 at the year end, the accounts have been prepared on the going concern basis on the assumption that the company will continue to receive the support of its holding company, indication of which has been received, and will generate profits in the future to eliminate the deficiency and enable the company to meet its debts as they fall due.

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.

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.
Short leasehold - 20% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

Stet Potato Ltd (Registered number: 10221299)

Notes to the Financial Statements - continued
For The Year Ended 30 June 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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 19,991 26,024 20,724 4,571 71,310
Additions - - - 1,141 1,141
At 30 June 2024 19,991 26,024 20,724 5,712 72,451
DEPRECIATION
At 1 July 2023 19,991 23,703 20,658 4,084 68,436
Charge for year - 1,319 66 329 1,714
At 30 June 2024 19,991 25,022 20,724 4,413 70,150
NET BOOK VALUE
At 30 June 2024 - 1,002 - 1,299 2,301
At 30 June 2023 - 2,321 66 487 2,874

5. STOCKS
2024 2023
£    £   
Consumables 2,829 19,046

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,437 55,280
Amounts owed by group undertakings - 12,517
Other debtors 4,386 3,637
Prepayments 10,637 7,977
87,460 79,411

Stet Potato Ltd (Registered number: 10221299)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,819 32,289
Amounts owed to group undertakings 785,125 560,752
Taxation 13,085 7,652
Social security and other taxes 43,392 10,983
Other creditors 39,944 7
Accruals and deferred income 19,419 10,650
930,784 622,333

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 575 719

Deferred
tax
£   
Balance at 1 July 2023 719
Provided during year (144 )
Balance at 30 June 2024 575

9. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was unqualified.

Mark Garrison BCom FCA DChA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor

11. OTHER FINANCIAL COMMITMENTS

There are total commitments under operating leases at the balance sheet date of £33,586 (2023 £39,204).

12. RELATED PARTY DISCLOSURES

The smallest group for which consolidated financial statements are drawn up is headed by Royal HZPC Group B.V. whose registered office is Edisonweg 5, 8501 XG Joure, Netherlands (incorporated in the Netherlands). A copy of the consolidated financial statements can be obtained from this address.