| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| FRIDAYTHORPE PIG PRODUCERS LIMITED |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| Freehold property | - |
| Breeding herd | - |
| Plant and machinery | - |
| Loose farm tools | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| Loose |
| farm | Motor | Computer |
| tools | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| Stock of feedstuffs |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 October 2023 |
| and 30 September 2024 |
| 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 |
| The balance due from £ |
| 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. |