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REGISTERED NUMBER: 06800846 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Feversham Freerange Eggs Limited

Feversham Freerange Eggs Limited (Registered number: 06800846)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Feversham Freerange Eggs Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C E Mear
Mrs J Mear





REGISTERED OFFICE: Wood Farm
Vicarage Road
Waresley Nr Sandy
Bedfordshire
SG19 3DA





REGISTERED NUMBER: 06800846 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Feversham Freerange Eggs Limited (Registered number: 06800846)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,636,902 2,652,437
Investments 5 1 1
2,636,903 2,652,438

CURRENT ASSETS
Stocks 215,435 163,592
Debtors 6 322,561 259,441
Cash at bank 188,002 100,169
725,998 523,202
CREDITORS
Amounts falling due within one year 7 282,021 311,917
NET CURRENT ASSETS 443,977 211,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,080,880

2,863,723

CREDITORS
Amounts falling due after more than one
year

8

(1,539,339

)

(1,649,229

)

PROVISIONS FOR LIABILITIES (39,783 ) -
NET ASSETS 1,501,758 1,214,494

CAPITAL AND RESERVES
Called up share 10 100 100
Retained earnings 1,501,658 1,214,394
SHAREHOLDERS' FUNDS 1,501,758 1,214,494

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

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

Feversham Freerange Eggs Limited (Registered number: 06800846)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





C E Mear - Director


Feversham Freerange Eggs Limited (Registered number: 06800846)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Feversham Freerange Eggs 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on cost and Straight line over 20 years
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost

Assets under construction are not depreciated until they are brought into use.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Feversham Freerange Eggs Limited (Registered number: 06800846)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 1,291,731 2,288,538 268,744 12,525 3,861,538
Additions 54,127 39,579 - 20,000 113,706
Disposals - (9,495 ) - - (9,495 )
At 31 December 2024 1,345,858 2,318,622 268,744 32,525 3,965,749
DEPRECIATION
At 1 January 2024 - 942,963 265,199 939 1,209,101
Charge for year - 123,619 743 4,879 129,241
Eliminated on disposal - (9,495 ) - - (9,495 )
At 31 December 2024 - 1,057,087 265,942 5,818 1,328,847
NET BOOK VALUE
At 31 December 2024 1,345,858 1,261,535 2,802 26,707 2,636,902
At 31 December 2023 1,291,731 1,345,575 3,545 11,586 2,652,437

The net book value of assets on hire purchase is as follows:

Plant & machinery - £83,800 (2023 - £99,513)

Feversham Freerange Eggs Limited (Registered number: 06800846)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 113,083 128,281
Directors' loan accounts 188,440 -
Prepayments and accrued income 21,038 131,160
322,561 259,441

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 53,578 51,671
Other loans 109,113 75,940
Hire purchase contracts 12,950 12,950
Trade creditors 50,674 61,695
Tax 9,376 2,733
VAT 1,397 4,528
Other creditors 35,014 43,004
Directors' current accounts - 45,000
Accrued expenses 9,919 14,396
282,021 311,917

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 55,543 53,567
Bank loans - 2-5 years 182,809 172,783
Bank loans more 5 yr by instal 1,266,454 1,332,332
Hire purchase contracts 34,533 47,483
Directors' loan accounts - 43,064
1,539,339 1,649,229

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,266,454 1,332,332

Feversham Freerange Eggs Limited (Registered number: 06800846)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 1,558,384 1,610,353
Hire purchase contracts 47,483 60,433
1,605,867 1,670,786

Bank loans are secured by fixed and floating charges over the company assets.

Hire purchase liabilities are secured against the individual assets to which the liabilities relate.

10. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 100 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C E Mear
Balance outstanding at start of year (88,064 ) (202,944 )
Amounts advanced 476,819 124,230
Amounts repaid (200,315 ) (9,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 188,440 (88,064 )

Interest was charged on the above loan at HMRC's approved rate of 2.25%.