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REGISTERED NUMBER: 08435179 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PILKINGTON FARMS LIMITED

PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,179,027 2,951,904

CURRENT ASSETS
Stocks 5 838,905 744,422
Debtors 6 122,482 120,826
Investments 7 130,631 179,804
Cash at bank 262,190 76,259
1,354,208 1,121,311
CREDITORS
Amounts falling due within one year 8 678,421 554,456
NET CURRENT ASSETS 675,787 566,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,854,814

3,518,759

CREDITORS
Amounts falling due after more than
one year

9

(947,918

)

(970,299

)

PROVISIONS FOR LIABILITIES (89,897 ) (124,163 )
NET ASSETS 2,816,999 2,424,297

PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

BALANCE SHEET - continued
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 104 104
Retained earnings 2,816,895 2,424,193
SHAREHOLDERS' FUNDS 2,816,999 2,424,297

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.

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 27 May 2025 and were signed on its behalf by:




M G Pilkington - Director Mrs H Pilkington - Director




M J Pilkington - Director Mrs C Pilkington - Director


PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Pilkington Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08435179

Registered office: Bramley Farm
Watford Road
Welton
Daventry
Northamptonshire
NN11 2LJ

The presentation currency of the financial statements is the 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.

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 - 2% on cost
Tenant's improvements - 5% on reducing balance
Plant & machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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


PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

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 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 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 15 (2023 - 14 ) .

PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Freehold Tenant's Plant &
property improvements machinery
£    £    £   
COST
At 1 January 2024 1,318,248 1,370,238 1,102,563
Additions - 336,729 64,170
Grants - - (8,912 )
At 31 December 2024 1,318,248 1,706,967 1,157,821
DEPRECIATION
At 1 January 2024 14,352 249,751 588,838
Charge for year 3,207 72,861 85,347
At 31 December 2024 17,559 322,612 674,185
NET BOOK VALUE
At 31 December 2024 1,300,689 1,384,355 483,636
At 31 December 2023 1,303,896 1,120,487 513,725

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 25,415 615 3,817,079
Additions - - 400,899
Grants - - (8,912 )
At 31 December 2024 25,415 615 4,209,066
DEPRECIATION
At 1 January 2024 11,619 615 865,175
Charge for year 3,449 - 164,864
At 31 December 2024 15,068 615 1,030,039
NET BOOK VALUE
At 31 December 2024 10,347 - 3,179,027
At 31 December 2023 13,796 - 2,951,904

Included in cost of land and buildings is freehold land of £ 1,142,134 (2023 - £ 1,142,134 ) which is not depreciated.

PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. STOCKS
31.12.24 31.12.23
£    £   
Herd 476,893 417,093
Stocks 362,012 327,329
838,905 744,422

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 92,426 84,142
Other debtors 30,056 36,684
122,482 120,826

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Arla 130,631 179,804

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 17,400 34,898
Trade creditors 97,317 172,838
Social security & other taxes 6,257 4,327
Other creditors 740 740
Credit card account 8,506 1,110
Directors' current accounts 548,201 340,543
678,421 554,456

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 947,918 970,299

PILKINGTON FARMS LIMITED (REGISTERED NUMBER: 08435179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
100 Ordinary £1 100 100
104 104