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REGISTERED NUMBER: 15278844 (England and Wales)















SI THE SPUD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

13 NOVEMBER 2023 TO 30 NOVEMBER 2024






SI THE SPUD LIMITED (REGISTERED NUMBER: 15278844)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4

Accountants' Report 5

SI THE SPUD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024







DIRECTORS: S J Martin
Mrs R C C Martin





REGISTERED OFFICE: 18 Northgate
Sleaford
Lincolnshire
NG34 7BJ





BUSINESS ADDRESS: 24 High Street
Heckington
Sleaford
Lincolnshire
NG34 9QZ





REGISTERED NUMBER: 15278844 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

SI THE SPUD LIMITED (REGISTERED NUMBER: 15278844)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

Notes £    £   
FIXED ASSETS
Investments 4 1,200,000

CREDITORS
Amounts falling due within one year 5 657,997
NET CURRENT LIABILITIES (657,997 )
TOTAL ASSETS LESS CURRENT LIABILITIES 542,003

CREDITORS
Amounts falling due after more than one year 6 380,000
NET ASSETS 162,003

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 161,903
SHAREHOLDERS' FUNDS 162,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

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 10 April 2025 and were signed on its behalf by:





S J Martin - Director


SI THE SPUD LIMITED (REGISTERED NUMBER: 15278844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Si The Spud 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
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.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1,200,000
At 30 November 2024 1,200,000
NET BOOK VALUE
At 30 November 2024 1,200,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 258,750
Taxation and social security 27,875
Other creditors 371,372
657,997

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 380,000

7. CALLED UP SHARE CAPITAL

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

SI THE SPUD LIMITED (REGISTERED NUMBER: 15278844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the directors £372. The loan made from the directors is unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

At the year end the company owed £37,500 to a connected party, The Food Heroes Limited. The loan made was unsecured, interest free and repayable on demand.

At the year end the company owed £221,250 to a connected party, The Food Heroes Marketing Limited. The loan made was unsecured, interest free and repayable on demand.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SI THE SPUD LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Si The Spud Limited for the period ended 30 November 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Si The Spud Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Si The Spud Limited and state those matters that we have agreed to state to the Board of Directors of Si The Spud Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Si The Spud 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 Si The Spud Limited. You consider that Si The Spud Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Si The Spud 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.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


7 April 2025