Nest Egg (Poultry) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10639859 (England and Wales)

NEST EGG (POULTRY) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D J Fairburn

REGISTERED OFFICE:

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

REGISTERED NUMBER:

10639859 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Property, plant and equipment

4

260,140

366,582

Investment property

5

1,749,357

2,009,497

2,115,939

CURRENT ASSETS

Inventories

133,039

43,936

Debtors

164,469

109,145

Cash at bank and in hand

33,775

21,449

331,283

174,530

CREDITORS

Amounts falling due within one year

319,631

347,579

NET CURRENT ASSETS/(LIABILITIES)

11,652

(173,049

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,021,149

1,942,890

CREDITORS

Amounts falling due after more than one year

(1,690,884

)

(1,767,247

)

PROVISIONS FOR LIABILITIES

-

(10,444

)

NET ASSETS

330,265

165,199

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

330,165

165,099

330,265

165,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 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 director and authorised for issue on 31 July 2025 and were signed by:

D J Fairburn - Director

1.	STATUTORY INFORMATION

Nest Egg (Poultry) 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.

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.

Revenue

Revenue 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.

Land and buildings

-

10% on cost

Plant and machinery

-

15% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Inventories

Laying bird stocks are valued using DEFRA poultry valuation rate cards and the John Nix farm pocket book.

Chicks aged up to 17 weeks are valued at cost.

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.

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 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 March 2024

and 28 February 2025

875,706

DEPRECIATION

At 1 March 2024

509,124

Charge for year

106,442

At 28 February 2025

615,566

NET BOOK VALUE

At 28 February 2025

260,140

At 29 February 2024

366,582

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

1,749,357

NET BOOK VALUE

At 28 February 2025

1,749,357

At 29 February 2024

1,749,357

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Aggregate amount

1,764,909

1,847,307

The above debts are secured by legal charges on the company's freehold land and property and fixed and floating charges over the company's assets.

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

D J Fairburn

Balance outstanding at start of year

-

45,170

Amounts repaid

-

(45,170

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mrs S L Fairburn

Balance outstanding at start of year

-

45,152

Amounts repaid

-

(45,152

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Loans to directors in the year were unsecured, interest free and had no repayment terms.