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REGISTERED NUMBER: 12445626 (England and Wales)






















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Little Plowlands Pigs Limited

Little Plowlands Pigs Limited (Registered number: 12445626)






Contents of the Financial Statements
for the year ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Little Plowlands Pigs Limited

Company Information
for the year ended 31st May 2024







DIRECTORS: M.J. Rowbottom
S.E. Rowbottom





REGISTERED OFFICE: Plowlands Farm
Patrington Road
Welwick
East Yorkshire
HU12 ORU





REGISTERED NUMBER: 12445626 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Little Plowlands Pigs Limited (Registered number: 12445626)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 153,050

CURRENT ASSETS
Debtors 5 - 51,040
Cash at bank - 45,684
- 96,724
CREDITORS
Amounts falling due within one year 6 197,707 70,921
NET CURRENT (LIABILITIES)/ASSETS (197,707 ) 25,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

(197,707

)

178,853

CREDITORS
Amounts falling due after more than one
year

7

-

347,655
NET LIABILITIES (197,707 ) (168,802 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (197,709 ) (168,804 )
(197,707 ) (168,802 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Little Plowlands Pigs Limited (Registered number: 12445626)

Balance Sheet - continued
31st May 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th February 2025 and were signed on its behalf by:





M.J. Rowbottom - Director


Little Plowlands Pigs Limited (Registered number: 12445626)

Notes to the Financial Statements
for the year ended 31st May 2024

1. STATUTORY INFORMATION

Little Plowlands Pigs 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
The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents income generated from pig B&B. Turnover is recognised net of VAT on an accruals basis during the period in which the service is provided.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation
Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rates used are as follows:

Plant & machinery15% on cost
Motor vehicles20% on cost

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Little Plowlands Pigs Limited (Registered number: 12445626)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 187,114
Disposals (187,114 )
At 31st May 2024 -
DEPRECIATION
At 1st June 2023 34,064
Eliminated on disposal (34,064 )
At 31st May 2024 -
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 153,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,202
Other debtors - 40,709
VAT - 3,089
Prepayments and accrued income - 3,040
- 51,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 24,151
Trade creditors - 7,407
Other creditors 197,707 33,166
Accruals and deferred income - 6,197
197,707 70,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 347,655

On 24th April 2020 the directors drew down a loan of £440,000 to assist with the cost of initial pig stock purchase. This loan was fully repaid in the year.

8. GOING CONCERN

The company ceased to trade on 31 May 2024.