| REGISTERED NUMBER: |
| T.l.c. Potatoes Ltd. |
| Financial Statements For The Year Ended 30 June 2025 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Sidings Court |
| Lakeside |
| Doncaster |
| South Yorkshire |
| DN4 5NU |
| BANKERS: |
| 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 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Capital redemption reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 property | 0% on cost, 5% reducing balance and 10% on cost |
| Property improvements | 5% on cost |
| Plant and machinery | 5% on cost, 10% on cost, 16.67% on cost, 20% on cost, 33.33% on cost |
| Motor vehicles | 33.3% on cost |
| Computer equipment | 33.3% on cost |
| Fixtures and fittings | 20% 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 July 2024 |
| Additions |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| 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 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2024 |
| Provided during year |
| Balance at 30 June 2025 |
| 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: | £ | £ |
| 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. |
| for and on behalf of |
| 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. |