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Registration number: 00900724

Patrick Pinker Game Farm Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Patrick Pinker Game Farm Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 15

 

Patrick Pinker Game Farm Limited

Company Information

Directors

Mrs C Pinker

Mr S P Pinker

Company secretary

Mrs C Pinker

Registered office

Game Farm
Latteridge Lane
Iron Acton
Bristol
BS37 9TY

Accountants

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Patrick Pinker Game Farm Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Patrick Pinker Game Farm Limited for the year ended 31 January 2025 as set out on pages 3 to 15 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Patrick Pinker Game Farm Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Patrick Pinker Game Farm Limited and state those matters that we have agreed to state to the Board of Directors of Patrick Pinker Game Farm Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Patrick Pinker Game Farm Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Patrick Pinker Game Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Patrick Pinker Game Farm Limited. You consider that Patrick Pinker Game Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Patrick Pinker Game Farm 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 accounts.

......................................

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

12 May 2025

 

Patrick Pinker Game Farm Limited

(Registration number: 00900724)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

3,762,080

3,783,269

Current assets

 

Stocks

5

268,605

285,912

Debtors

6

23,865

27,172

Cash at bank and in hand

 

585,004

565,784

 

877,474

878,868

Creditors: Amounts falling due within one year

7

(839,849)

(784,610)

Net current assets

 

37,625

94,258

Total assets less current liabilities

 

3,799,705

3,877,527

Creditors: Amounts falling due after more than one year

7

(1,425,977)

(1,564,497)

Provisions for liabilities

(161,973)

(166,736)

Net assets

 

2,211,755

2,146,294

Capital and reserves

 

Called up share capital

120

120

Capital redemption reserve

(249,985)

(249,985)

Retained earnings

2,461,620

2,396,159

Shareholders' funds

 

2,211,755

2,146,294

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Patrick Pinker Game Farm Limited

(Registration number: 00900724)
Balance Sheet as at 31 January 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 May 2025 and signed on its behalf by:
 

.........................................
Mrs C Pinker
Director

.........................................
Mr S P Pinker
Director

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Game Farm
Latteridge Lane
Iron Acton
Bristol
BS37 9TY

These financial statements were authorised for issue by the Board on 12 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

over 10 to 50 years depending on type and durability

Plant & machinery

25% Reducing balance

Fixtures & fittings

25% Reducing balance

Motor vehicles

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 14).

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

At 1 February 2024

3,801,444

203,810

118,539

97,540

4,221,333

Additions

-

323

24,000

730

25,053

Disposals

-

-

(27,200)

-

(27,200)

At 31 January 2025

3,801,444

204,133

115,339

98,270

4,219,186

Depreciation

At 1 February 2024

121,616

183,439

70,511

62,498

438,064

Charge for the year

1,044

5,178

17,474

8,946

32,642

Eliminated on disposal

-

-

(13,600)

-

(13,600)

At 31 January 2025

122,660

188,617

74,385

71,444

457,106

Carrying amount

At 31 January 2025

3,678,784

15,516

40,954

26,826

3,762,080

At 31 January 2024

3,679,828

20,371

48,028

35,042

3,783,269

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Included within the net book value of land and buildings above is £3,678,784 (2024 - £3,679,828) in respect of freehold land and buildings.
 

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

2025
£

2024
£

Other inventories

268,605

285,912

6

Debtors

Current

2025
£

2024
£

Trade debtors

10,880

19,377

Prepayments

5,201

3,334

Other debtors

7,784

4,461

 

23,865

27,172

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

137,494

139,674

Trade creditors

 

75,093

55,903

Taxation and social security

 

74,486

66,590

Accruals and deferred income

 

62,493

82,082

Other creditors

 

490,283

440,361

 

839,849

784,610

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

1,425,977

1,564,497

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,423,731

1,548,778

Hire purchase contracts

2,246

15,719

1,425,977

1,564,497

Current loans and borrowings

2025
£

2024
£

Bank borrowings

124,020

126,200

Hire purchase contracts

13,474

13,474

137,494

139,674

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9

Related party transactions

2025

At 1 February 2024
£

Advances to director
£

Repayments by director
£

At 31 January 2025
£

Loan

29

8,400

(8,340)

89

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Loan

45

74,515

(74,532)

29

 

Patrick Pinker Game Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Summary of transactions with other related parties

Bristol Incubators Limited
 The company trades with Bristol Incubators limited under normal trade terms. The directors and shareholders of Patrick Pinker Game Farm Limited are also the directors of Bristol Incubators Limited. At the balance sheet date the amount due to Bristol Incubators Limited was £353,291 (2024 - £323,625)