Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true1false2023-05-01The company's principal activities are that of contract farming and catering services.1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06542426 2023-05-01 2024-04-30 06542426 2022-05-01 2023-04-30 06542426 2024-04-30 06542426 2023-04-30 06542426 c:Director1 2023-05-01 2024-04-30 06542426 c:RegisteredOffice 2023-05-01 2024-04-30 06542426 d:Buildings 2023-05-01 2024-04-30 06542426 d:Buildings 2024-04-30 06542426 d:Buildings 2023-04-30 06542426 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06542426 d:PlantMachinery 2023-05-01 2024-04-30 06542426 d:PlantMachinery 2024-04-30 06542426 d:PlantMachinery 2023-04-30 06542426 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06542426 d:MotorVehicles 2023-05-01 2024-04-30 06542426 d:MotorVehicles 2024-04-30 06542426 d:MotorVehicles 2023-04-30 06542426 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06542426 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06542426 d:CurrentFinancialInstruments 2024-04-30 06542426 d:CurrentFinancialInstruments 2023-04-30 06542426 d:Non-currentFinancialInstruments 2024-04-30 06542426 d:Non-currentFinancialInstruments 2023-04-30 06542426 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06542426 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06542426 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 06542426 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 06542426 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 06542426 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 06542426 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 06542426 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 06542426 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 06542426 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 06542426 d:ShareCapital 2024-04-30 06542426 d:ShareCapital 2023-04-30 06542426 d:RetainedEarningsAccumulatedLosses 2024-04-30 06542426 d:RetainedEarningsAccumulatedLosses 2023-04-30 06542426 c:OrdinaryShareClass1 2023-05-01 2024-04-30 06542426 c:OrdinaryShareClass1 2024-04-30 06542426 c:OrdinaryShareClass1 2023-04-30 06542426 c:FRS102 2023-05-01 2024-04-30 06542426 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06542426 c:FullAccounts 2023-05-01 2024-04-30 06542426 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06542426 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 06542426 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 06542426 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06542426









LILWALLS HOG ROASTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
LILWALLS HOG ROASTS LIMITED
 
 
COMPANY INFORMATION


Director
Richard John Lilwall 




Registered number
06542426



Registered office
Orchard House
Jordan Green Farm

Whitwell

Norwich

NR10 4RQ




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
LILWALLS HOG ROASTS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 11


 
LILWALLS HOG ROASTS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LILWALLS HOG ROASTS LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lilwalls Hog Roasts Limited for the year ended 30 April 2024 which comprise the balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the director of Lilwalls Hog Roasts Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Lilwalls Hog Roasts Limited and state those matters that we have agreed to state to the director of Lilwalls Hog Roasts Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lilwalls Hog Roasts Limited and its director for our work or for this report. 

It is your duty to ensure that Lilwalls Hog Roasts 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 loss of Lilwalls Hog Roasts Limited. You consider that Lilwalls Hog Roasts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lilwalls Hog Roasts 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.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER      
                                                                                                                                                                                                                     
17 January 2025
Page 1

 
LILWALLS HOG ROASTS LIMITED
REGISTERED NUMBER: 06542426

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
190,062
203,526

  
190,062
203,526

Current assets
  

Stocks
  
36,275
36,275

Debtors: amounts falling due within one year
 5 
27,844
30,636

Cash at bank and in hand
  
2,736
18,673

  
66,855
85,584

Creditors: amounts falling due within one year
 6 
(55,077)
(69,059)

Net current assets
  
 
 
11,778
 
 
16,525

Total assets less current liabilities
  
201,840
220,051

Creditors: amounts falling due after more than one year
 7 
(391,256)
(372,704)

Provisions for liabilities
  

Deferred tax
 9 
(4,605)
(5,709)

  
 
 
(4,605)
 
 
(5,709)

Net liabilities
  
(194,021)
(158,362)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(194,121)
(158,462)

  
(194,021)
(158,362)


Page 2

 
LILWALLS HOG ROASTS LIMITED
REGISTERED NUMBER: 06542426
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2025.




................................................
Richard John Lilwall
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is Orchard House, Jordan Green Farm, Whitwell, Norwich, NR10 4RQ.
The Company's principal activity throughout the year was that of pig farming and catering services and its place of activity is Norwich.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Having considered a period of at least 12 months from the balance sheet date, it is the director's belief that with their ongoing support, the Company will continue to be able to trade for the foreseeable future and therefore the going concern basis of accounts preparation is deemed to be appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from rearing pigs and offering catering services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line method.

Depreciation is provided on the following basis:

Buildings
-
2%
straight line
Plant and equipment
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 May 2023
382,963
139,974
11,485
534,422


Additions
-
285
-
285



At 30 April 2024

382,963
140,259
11,485
534,707



Depreciation


At 1 May 2023
209,482
110,195
11,219
330,896


Charge for the year on owned assets
7,660
6,035
54
13,749



At 30 April 2024

217,142
116,230
11,273
344,645



Net book value



At 30 April 2024
165,821
24,029
212
190,062



At 30 April 2023
173,481
29,779
266
203,526

Page 7

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
10,310

Other debtors
12,006
9,777

Prepayments and accrued income
15,838
10,549

27,844
30,636



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
539
-

Bank loans
14,251
13,632

Other loans
18,780
30,165

Trade creditors
6,871
13,693

Corporation tax
5,768
3,809

Other taxation and social security
6,917
5,900

Accruals and deferred income
1,951
1,860

55,077
69,059


The following liabilities were secured:

2024
2023
£
£



Bank loans
14,251
13,632

Other loans
18,781
30,165

33,032
43,797

Details of security provided:

The bank loan, of which £14,251 is due within one year (2023: £13,632) is secured by a fixed and floating charge over the undertaking and all property and assets present and future. The other loan, of which £18,781 is due within one year (2023: £30,165) is secured on land and buildings at Jordan Green Farm, Whitwell.

Page 8

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
127,906
139,011

Other loans
263,350
233,693

391,256
372,704


The following liabilities were secured:

2024
2023
£
£



Bank loans
127,906
139,011

Other loans
263,350
233,693

391,256
372,704

Details of security provided:

The bank loan, of which £127,096 is due after one year (2023: £139,011) is secured by a fixed and floating charge over the undertaking and all property and assets present and future. The other loan, of which £263,350 is due after one year (2023: £233,693) is secured on land and buildings at Jordan Green Farm, Whitwell.

Page 9

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
14,251
13,632

Other loans
18,781
30,165


33,032
43,797

Amounts falling due 1-2 years

Bank loans
14,899
14,251

Other loans
18,067
31,472


32,966
45,723

Amounts falling due 2-5 years

Bank loans
48,880
46,756

Other loans
92,674
106,095


141,554
152,851

Amounts falling due after more than 5 years

Bank loans
64,127
78,004

Other loans
152,609
96,126

216,736
174,130

424,288
416,501



9.


Deferred taxation




2024


£






At beginning of year
(5,709)


Charged to profit or loss
1,104



At end of year
(4,605)

Page 10

 
LILWALLS HOG ROASTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,606)
(5,709)

(4,606)
(5,709)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

At the year end the Company was owed £8,707 by its director (2023: £9,777) shown within other debtors in note 5 to the financial statements. 

Page 11