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REGISTERED NUMBER: 08422860 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

FOREST POULTRY LIMITED

FOREST POULTRY LIMITED (REGISTERED NUMBER: 08422860)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FOREST POULTRY LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: Mr J H Shepherd





REGISTERED OFFICE: Unit 7-8
Manor Court
Eastfield
Scarborough
North Yorkshire
YO11 3TU





BUSINESS ADDRESS: 44 Paradise Field
Easingwold
York
North Yorkshire
YO61 3BT





REGISTERED NUMBER: 08422860 (England and Wales)

FOREST POULTRY LIMITED (REGISTERED NUMBER: 08422860)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,524,873 1,610,779

CURRENT ASSETS
Inventories 1,057,342 773,608
Debtors 5 1,630,781 1,727,826
Cash at bank 161,335 21,809
2,849,458 2,523,243
CREDITORS
Amounts falling due within one year 6 3,048,151 3,334,888
NET CURRENT LIABILITIES (198,693 ) (811,645 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,326,180

799,134

PROVISIONS FOR LIABILITIES 209,643 402,695
NET ASSETS 1,116,537 396,439

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,116,437 396,339
SHAREHOLDERS' FUNDS 1,116,537 396,439

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 director and authorised for issue on 24 June 2025 and were signed by:





Mr J H Shepherd - Director


FOREST POULTRY LIMITED (REGISTERED NUMBER: 08422860)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Forest Poultry 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.

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.

Going concern
The company has a net asset position and a healthy bank position and the director is satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements on the basis that as the ultimate controlling party, he can ensure that intercompany loans are extended should the need arise, in order that the company continue to meet its obligations as they fall due.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
The management consider that no significant judgements have had to made in preparing these financial statements.

Critical accounting estimates and assumptions
The management consider that no estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Inventories
Biological assets, agricultural produce and other inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

FOREST POULTRY LIMITED (REGISTERED NUMBER: 08422860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

FOREST POULTRY LIMITED (REGISTERED NUMBER: 08422860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 2,615,612 90,457 2,844 2,708,913
Additions 148,873 19,300 - 168,173
At 30 September 2024 2,764,485 109,757 2,844 2,877,086
DEPRECIATION
At 1 October 2023 1,060,068 36,607 1,459 1,098,134
Charge for year 242,033 11,521 525 254,079
At 30 September 2024 1,302,101 48,128 1,984 1,352,213
NET BOOK VALUE
At 30 September 2024 1,462,384 61,629 860 1,524,873
At 30 September 2023 1,555,544 53,850 1,385 1,610,779

The net book value of property, plant and equipment includes £NIL (2023 - £ 103,241 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,321,599 1,499,960
Other debtors 309,182 227,866
1,630,781 1,727,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 7) - 59,591
Trade creditors 2,431,468 2,441,303
Amounts owed to group undertakings 472,818 713,217
Taxation and social security 5,368 5,029
Other creditors 138,497 115,748
3,048,151 3,334,888

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 59,591

FOREST POULTRY LIMITED (REGISTERED NUMBER: 08422860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


7. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 666,984 -
Between one and five years 677,591 -
1,344,575 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 59,591

Hire purchase liabilities are secured on the underlying assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Aitken BSc ACA CTA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie Watson Limited

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £3,646 (2023 - £2,825). Amounts payable to the scheme at the reporting date were £722 (2023 - £637).

12. CONTINGENT LIABILITIES

This company has given a guarantee to its bankers in respect of group borrowings of its parent company. Security given includes a fixed and floating charge over the whole assets of the company.

13. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 55,500 -

FOREST POULTRY LIMITED (REGISTERED NUMBER: 08422860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors operate a loan account with the company which is repayable on demand. The following advances and credits subsisted during the years ended 2024 and 2023:

2024 2023
£ £
Balance outstanding at start of year56,31051,615
Amounts advanced456,18776,460
Amounts repaid(512,497)(71,765)
Amounts written off--
Amounts waived--
Balance outstanding at end of year-56,310

Interest has been charged at the HMRC beneficial loan rate whilst overdrawn.

15. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of FP Holdings 2019 Ltd. The company has taken advantage of the exemption in FRS 102 Section 33.1A from disclosing transactions with members or investees of the group.

Included within other debtors are £nil (2023 - £56,310) relating to a directors' loan account, which is repayable on demand. Interest is charged at HMRC beneficial loan rate whilst overdrawn. The total interest receivable in relation to the loan is £1,894 (2023 - £1,257).

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J H Shepherd.

The company is a wholly owned subsidiary of FP Holdings 2019 Ltd.

The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is FP Holdings 2019 Ltd of Unit 7-8 Manor Court, Eastfield, Scarborough, YO11 3TU.