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REGISTERED NUMBER: 01239564 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

FRIDAYTHORPE PIG PRODUCERS LIMITED

FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRIDAYTHORPE PIG PRODUCERS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: M J Bell
Mrs J C Bell





REGISTERED OFFICE: Eldon House
8 High Street
Nafferton
Driffield
East Yorkshire
YO25 4JR





REGISTERED NUMBER: 01239564 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 615,428 640,650
Investments 5 100 100
615,528 640,750

CURRENT ASSETS
Stocks 6 762,450 809,724
Debtors 7 534,714 550,808
Cash at bank and in hand 1,155,290 730,379
2,452,454 2,090,911
CREDITORS
Amounts falling due within one year 8 587,974 618,468
NET CURRENT ASSETS 1,864,480 1,472,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,480,008

2,113,193

PROVISIONS FOR LIABILITIES 87,639 88,815
NET ASSETS 2,392,369 2,024,378

CAPITAL AND RESERVES
Called up share capital 91,250 91,250
Revaluation reserve 9 184,000 184,000
Retained earnings 2,117,119 1,749,128
SHAREHOLDERS' FUNDS 2,392,369 2,024,378

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

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

FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

BALANCE SHEET - continued
30 September 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 4 April 2025 and were signed on its behalf by:




M J Bell - Director



Mrs J C Bell - Director


FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Fridaythorpe Pig Producers Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Eldon House, 8 High Street, Nafferton, Driffield, East Yorkshire, YO25 4JR.

The principal activity of the company is pig farming.

The presentational currency of the financial statements is Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

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 - 5% on cost
Breeding herd - not provided
Plant and machinery - 10% on cost
Loose farm tools - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on reducing balance

Stocks
Feeding stuffs are valued at cost. Home bred pigs are valued by professional valuers at the estimated cost of production of these animals.


FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Taxation
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Breeding herd
The breeding herd is capitalised in the balance sheet at cost. Transfers between the breeding herd and feeding herd are made at cost.

3. EMPLOYEES AND DIRECTORS

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

FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Freehold Breeding Plant and
property herd machinery
£    £    £   
COST OR VALUATION
At 1 October 2023 1,069,699 152,152 686,549
Additions - - 33,800
Disposals - (4,284 ) -
At 30 September 2024 1,069,699 147,868 720,349
DEPRECIATION
At 1 October 2023 790,234 - 478,321
Charge for year 15,963 - 38,657
At 30 September 2024 806,197 - 516,978
NET BOOK VALUE
At 30 September 2024 263,502 147,868 203,371
At 30 September 2023 279,465 152,152 208,228

Loose
farm Motor Computer
tools vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 15,776 124,397 3,341 2,051,914
Additions - - - 33,800
Disposals - - - (4,284 )
At 30 September 2024 15,776 124,397 3,341 2,081,430
DEPRECIATION
At 1 October 2023 15,776 124,397 2,536 1,411,264
Charge for year - - 118 54,738
At 30 September 2024 15,776 124,397 2,654 1,466,002
NET BOOK VALUE
At 30 September 2024 - - 687 615,428
At 30 September 2023 - - 805 640,650

Included in cost or valuation of land and buildings is freehold land of £ 28,863 (2023 - £ 28,863 ) which is not depreciated.

FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2024 is represented by:

Freehold Breeding Plant and
property herd machinery
£    £    £   
Valuation in 1980 358,305 - -
Cost 711,394 147,868 720,349
1,069,699 147,868 720,349

Loose
farm Motor Computer
tools vehicles equipment Totals
£    £    £    £   
Valuation in 1980 - - - 358,305
Cost 15,776 124,397 3,341 1,723,125
15,776 124,397 3,341 2,081,430

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 608,558 608,558
Aggregate depreciation 473,963 473,963

Value of land in freehold land and buildings 28,863 28,863

Freehold land and buildings were valued on an open market basis in 1980 by R M English, Chartered Surveyors and is included in the above figures as deemed cost under FRS 102 transitional relief.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


6. STOCKS
2024 2023
£    £   
Livestock valuation 727,016 758,018
Stock of feedstuffs 35,434 51,706
762,450 809,724

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,480 140,652
Amounts owed by group undertakings 388,652 388,652
Other debtors 23,582 21,504
534,714 550,808

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 143,107 136,657
Amounts owed to group undertakings 272,460 272,460
Taxation and social security 147,089 134,919
Other creditors 25,318 74,432
587,974 618,468

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 184,000

10. CONTINGENT LIABILITIES

The company has guaranteed the bank borrowings of the parent company under an unlimited cross guarantee.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan to the company from one of its directors, Mrs J C Bell. The balance outstanding at 30 September 2024 was £695 (2023: £695).

The loan was made on an interest free basis and is repayable on demand.

FRIDAYTHORPE PIG PRODUCERS LIMITED (REGISTERED NUMBER: 01239564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


12. RELATED PARTY DISCLOSURES

The balance due to T W Bell & Sons (Farmers) Limited at the balance sheet date amounted to £272,460 (2023: £272,460).

The balance due from T W Bell & Sons (Holdings) Limited at the balance sheet date amounted to £388,652 (2023:
£388,652).

All of the above transactions were undertaken at arm's length on a normal commercial basis.

13. ULTIMATE CONTROLLING PARTY

The immediate parent company is TW Bell & Sons (Farmers) Limited. The ultimate controlling party is T W Bell & Sons (Holdings) Limited and is a private company limited by shares and incorporated and domiciled in England. it has its registered office and principle place of business at Eldon House, 8 High Street, Driffield.

The company is under the control of its directors, by nature of holding the majority of the issued ordinary share capital of the ultimate parent company (60%), T W Bell & Sons (Holdings) Limited.