REGISTERED NUMBER: 10221299 (England and Wales)

Stet Potato Ltd

Financial Statements For The Year Ended 30 June 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P M Hewett

P C Ton

REGISTERED OFFICE:

12 Vincent Court

Turnstone Road

Teal Park

Lincoln

LN6 3UA

REGISTERED NUMBER:

10221299 (England and Wales)

AUDITORS:

Kingswood Allotts Limited, Statutory Auditor

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

4,756

2,301

CURRENT ASSETS

Stocks

5

11,932

2,829

Debtors

6

97,929

87,460

Cash at bank

805,290

560,208

915,151

650,497

CREDITORS

Amounts falling due within one year

7

1,152,090

930,784

NET CURRENT LIABILITIES

(236,939

)

(280,287

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(232,183

)

(277,986

)

PROVISIONS FOR LIABILITIES

8

1,189

575

NET LIABILITIES

(233,372

)

(278,561

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(233,472

)

(278,661

)

SHAREHOLDERS' FUNDS

(233,372

)

(278,561

)

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 2 September 2025 and were signed on its behalf by:

P M Hewett - Director

1.	STATUTORY INFORMATION

Stet Potato Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 had a deficit in net assets of £233,372 at the year end. This includes amounts owed to group companies totalling £970,896. The accounts have been prepared on the going concern basis on the assumption that the company will continue to receive the support of its holding company, an indication of which has been received, and will generate profits in the future to eliminate the deficiency and enable the company to meet its debts as they fall due.

Related party exemption

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.

Short leasehold

-

20% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

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

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

19,991

26,024

20,724

5,712

72,451

Additions

-

-

-

4,599

4,599

At 30 June 2025

19,991

26,024

20,724

10,311

77,050

DEPRECIATION

At 1 July 2024

19,991

25,022

20,724

4,413

70,150

Charge for year

-

929

-

1,215

2,144

At 30 June 2025

19,991

25,951

20,724

5,628

72,294

NET BOOK VALUE

At 30 June 2025

-

73

-

4,683

4,756

At 30 June 2024

-

1,002

-

1,299

2,301

5.

STOCKS

2025

2024

£

£

Consumables

11,932

2,829

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

79,918

72,437

Other debtors

4,726

4,386

Prepayments

13,285

10,637

97,929

87,460

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,034

29,819

Amounts owed to group undertakings

970,896

785,125

Taxation

14,981

13,085

Social security and other taxes

56,687

43,392

Other creditors

-

39,944

Directors' current accounts

1,375

-

Accruals and deferred income

100,117

19,419

1,152,090

930,784

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,189

575

Deferred

tax

£

Balance at 1 July 2024

575

Charge to Income Statement during year

614

Balance at 30 June 2025

1,189

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	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

11.	OTHER FINANCIAL COMMITMENTS

There are total commitments under operating leases at the balance sheet date of £40,649 (2024: £33,586).

12.	RELATED PARTY DISCLOSURES

The smallest group for which consolidated financial statements are drawn up is headed by Royal HZPC Group B.V. whose registered office is Edisonweg 5, 8501 XG Joure, Netherlands (incorporated in the Netherlands). A copy of the consolidated financial statements can be obtained from this address.