REGISTERED NUMBER: 06678579 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Kendalls Farm Butchers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

Chartered Accountants' Report

9

DIRECTORS:

P A Kendall

Mrs H M Kendall

SECRETARY:

Mrs H M Kendall

REGISTERED OFFICE:

34-36 High Street

Pateley Bridge

Harrogate

North Yorkshire

HG3 5JU

REGISTERED NUMBER:

06678579 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

724,721

748,712

Investment property

7

340,000

182,514

1,064,721

931,226

CURRENT ASSETS

Stocks

19,400

19,400

Debtors

8

273,520

80,223

Cash at bank and in hand

215,526

451,769

508,446

551,392

CREDITORS

Amounts falling due within one year

9

(321,586

)

(328,152

)

NET CURRENT ASSETS

186,860

223,240

TOTAL ASSETS LESS CURRENT LIABILITIES

1,251,581

1,154,466

CREDITORS

Amounts falling due after more than one year

10

(864

)

(41,992

)

PROVISIONS FOR LIABILITIES

(31,557

)

(14,240

)

NET ASSETS

1,219,160

1,098,234

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

19,980

19,980

Retained earnings

1,199,080

1,078,154

1,219,160

1,098,234

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

P A Kendall - Director

1.	STATUTORY INFORMATION

Kendalls Farm Butchers 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

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.

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

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 18 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

274,956

AMORTISATION

At 1 June 2024

and 31 May 2025

274,956

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

717,686

253,119

108,054

1,078,859

Additions

-

9,050

71,665

80,715

Disposals

-

-

(108,054

)

(108,054

)

At 31 May 2025

717,686

262,169

71,665

1,051,520

DEPRECIATION

At 1 June 2024

69,109

218,611

42,427

330,147

Charge for year

(597

)

21,760

17,961

39,124

Eliminated on disposal

-

-

(42,472

)

(42,472

)

At 31 May 2025

68,512

240,371

17,916

326,799

NET BOOK VALUE

At 31 May 2025

649,174

21,798

53,749

724,721

At 31 May 2024

648,577

34,508

65,627

748,712

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

182,514

Additions

106,807

Revaluations

50,679

At 31 May 2025

340,000

NET BOOK VALUE

At 31 May 2025

340,000

At 31 May 2024

182,514

The freehold investment properties were valued at 31 May 2025 on a market value basis. In the opinion of the directors, the value of the properties at 31 May 2025 was £340,000.

If the freehold investment properties had not been revalued they would have been carried in the balance sheet at a historical cost of £289,321.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

59,500

64,212

Other debtors

191,822

-

VAT

19,802

7,882

Prepayments and accrued income

2,396

8,129

273,520

80,223

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

9,970

22,001

Trade creditors

130,258

127,033

Tax

114,959

115,394

Social security and other taxes

9,289

9,135

Other creditors

162

1,885

Directors' current accounts

25,547

30,446

Accruals and deferred income

31,401

22,258

321,586

328,152

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 1-2 years

864

22,833

Bank loans - 2-5 years

-

19,159

864

41,992

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kendalls Farm Butchers Ltd for the year ended 31 May 2025 which comprise the Statement of Income and Retained Earnings, 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 Kendalls Farm Butchers Ltd, 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 Kendalls Farm Butchers Ltd and state those matters that we have agreed to state to the Board of Directors of Kendalls Farm Butchers Ltd, 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 Kendalls Farm Butchers Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kendalls Farm Butchers Ltd 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 Kendalls Farm Butchers Ltd. You consider that Kendalls Farm Butchers Ltd 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 Kendalls Farm Butchers Ltd. 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.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

11 September 2025