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REGISTERED NUMBER: SC146976 (Scotland)















T.l.c. Potatoes Ltd.

Financial Statements For The Year Ended 30 June 2025






T.l.c. Potatoes Ltd. (Registered number: SC146976)






Contents of the Financial Statements
For The Year Ended 30 June 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


T.l.c. Potatoes Ltd.

Company Information
For The Year Ended 30 June 2025







DIRECTORS: C R Baker
G F J Backx
H Huistra



REGISTERED OFFICE: The Office
Wardend
Durris
Banchory
AB31 6DA



REGISTERED NUMBER: SC146976 (Scotland)



AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: Virgin Money
1 Queen's Cross
Aberdeen
AB15 4XU

T.l.c. Potatoes Ltd. (Registered number: SC146976)

Abridged Balance Sheet
30 June 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 944,516 853,574
Investments 5 250 250
944,766 853,824

CURRENT ASSETS
Stocks 345,366 299,464
Debtors 48,657 142,918
Cash at bank 213,931 201,626
607,954 644,008
CREDITORS
Amounts falling due within one year 865,022 799,625
NET CURRENT LIABILITIES (257,068 ) (155,617 )
TOTAL ASSETS LESS CURRENT LIABILITIES 687,698 698,207

PROVISIONS FOR LIABILITIES 6 27,000 25,188
NET ASSETS 660,698 673,019

CAPITAL AND RESERVES
Called up share capital 7 500 500
Capital redemption reserve 8 1,500 1,500
Retained earnings 8 658,698 671,019
SHAREHOLDERS' FUNDS 660,698 673,019

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 August 2025 and were signed on its behalf by:





C R Baker - Director


T.l.c. Potatoes Ltd. (Registered number: SC146976)

Notes to the Financial Statements
For The Year Ended 30 June 2025

1. STATUTORY INFORMATION

T.l.c. Potatoes Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

The company is reliant on the continued financial support, in respect of loan balances, of HZPC-UK Limited, its parent company in order to continue as a going concern. An assessment has been made by group management which concluded HZPC-UK Limited has sufficient available headroom within its liquidity funding to provide such support if required. Therefore, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and meet liabilities as they full due. Thus they continue to adopt the going concern basis in preparing the financial statements.

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 other wholly owned members of the group and any parent undertaking.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), and the amount of revenue can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property0% on cost, 5% reducing balance and 10% on cost
Property improvements5% on cost
Plant and machinery5% on cost, 10% on cost, 16.67% on cost, 20% on cost, 33.33% on cost
Motor vehicles33.3% on cost
Computer equipment33.3% on cost
Fixtures and fittings20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less cost to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of production overheads based on normal levels of activity. Provision is made of obsolete, slow-moving or defective items where appropriate.

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.

T.l.c. Potatoes Ltd. (Registered number: SC146976)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2024 1,540,287
Additions 184,464
At 30 June 2025 1,724,751
DEPRECIATION
At 1 July 2024 686,713
Charge for year 93,522
At 30 June 2025 780,235
NET BOOK VALUE
At 30 June 2025 944,516
At 30 June 2024 853,574

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2024
and 30 June 2025 250
NET BOOK VALUE
At 30 June 2025 250
At 30 June 2024 250

6. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 27,000 25,188

Deferred
tax
£   
Balance at 1 July 2024 25,188
Provided during year 1,812
Balance at 30 June 2025 27,000

T.l.c. Potatoes Ltd. (Registered number: SC146976)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2025

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
500 Ordinary £1 500 500

8. RESERVES

In 2023 the company repurchased 1,500 of its own £1 shares. This is shown in the capital redemption reserve. At 30 June 2025 the closing balance of the reserve is £1,500.

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

The Report of the Auditors was unqualified.

Mark Garrison BCom FCA DChA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor

10. ULTIMATE CONTROLLING PARTY

The company is controlled by HZPC-UK Limited, 2 Wharf Road, Crowle, Scunthorpe, North Lincolnshire, DN17 4HS (incorporated in England and Wales) which is controlled by HZPC Holding B.V., Edinsonweg 5, 8501 XG Joure, Netherlands (incorporated in the Netherlands). Group accounts are publicly available on the HZPC website.