Redhill Farm (Free Range Pork) Limited - Limited company accounts 25.1

REGISTERED NUMBER: 05427380 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31 May 2025

for

Redhill Farm (Free Range Pork) Limited

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Abridged Balance Sheet

5

Notes to the Financial Statements

7

DIRECTORS:

Mrs J L Tomlinson

Mr T A Tomlinson

SECRETARY:

Mrs J L Tomlinson

REGISTERED OFFICE:

Redhill Farm

Blyton Carr

GAINSBOROUGH

Lincolnshire

DN21 3DT

REGISTERED NUMBER:

05427380 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Clydesdale

The Regatta

Unit 6

Henley Way

LINCOLN

Lincolnshire

LN6 3QR

The directors present their report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the production and preserving of meat.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2024 to the date of this report.

Mrs J L Tomlinson

Mr T A Tomlinson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs J L Tomlinson - Secretary

24 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Redhill Farm (Free Range Pork) Limited for the year ended 31 May 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Redhill Farm (Free Range Pork) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Redhill Farm (Free Range Pork) Limited and state those matters that we have agreed to state to the Board of Directors of Redhill Farm (Free Range Pork) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Redhill Farm (Free Range Pork) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Redhill Farm (Free Range Pork) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Redhill Farm (Free Range Pork) Limited. You consider that Redhill Farm (Free Range Pork) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Redhill Farm (Free Range Pork) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

24 September 2025

TURNOVER

1,217,466

1,115,178

Cost of sales

825,265

768,531

GROSS PROFIT

392,201

346,647

Administrative expenses

315,651

270,306

OPERATING PROFIT

76,550

76,341

Interest receivable and similar income

427

255

76,977

76,596

Interest payable and similar expenses

545

-

PROFIT BEFORE TAXATION

76,432

76,596

Tax on profit

21,556

14,312

PROFIT FOR THE FINANCIAL YEAR

54,876

62,284

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

909,438

942,409

909,438

942,409

CURRENT ASSETS

Stocks

78,756

77,211

Debtors

40,674

46,493

Cash at bank and in hand

77,702

61,251

197,132

184,955

CREDITORS

Amounts falling due within one year

139,794

132,593

NET CURRENT ASSETS

57,338

52,362

TOTAL ASSETS LESS CURRENT
LIABILITIES

966,776

994,771

CREDITORS

Amounts falling due after more than one
year

(214,525

)

(264,426

)

PROVISIONS FOR LIABILITIES

(28,855

)

(31,825

)

NET ASSETS

723,396

698,520

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

185,409

Retained earnings

537,887

513,011

SHAREHOLDERS' FUNDS

723,396

698,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mrs J L Tomlinson - Director

1.	STATUTORY INFORMATION

Redhill Farm (Free Range Pork) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2005, was amortised evenly over it's estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Bailgate costs

-

15% on reducing balance

Production facility

-

2% on cost

Plant and machinery

-

15% on reducing balance and 15% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measures at the present value of future payments, discounted at a market rate of interest.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

98,210

AMORTISATION

At 1 June 2024

and 31 May 2025

98,210

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

1,511,717

Additions

20,157

Disposals

(9,664

)

At 31 May 2025

1,522,210

DEPRECIATION

At 1 June 2024

569,308

Charge for year

49,262

Eliminated on disposal

(5,798

)

At 31 May 2025

612,772

NET BOOK VALUE

At 31 May 2025

909,438

At 31 May 2024

942,409

6.	RELATED PARTY DISCLOSURES

Included in creditors are directors loan account balances for Mr T A & Mrs J L Tomlinson of £266,048 (2024: £324,210). These balances are unsecured and interest free.