Company No: 01296528 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	16,181		12,621
Investment property	4	750,000		700,000
Investments	5	7,222		6,292
		773,403		718,913
Current assets
Debtors	6	48,571		36,209
Cash at bank and in hand		1,271		11,767
		49,842		47,976
Creditors: amounts falling due within one year	7	( 141,476)		( 132,441)
Net current liabilities		(91,634)		(84,465)
Total assets less current liabilities		681,769		634,448
Provision for liabilities		( 4,351)		( 3,222)
Net assets		677,418		631,226
Capital and reserves
Called-up share capital		155,150		155,150
Share premium account		210,300		210,300
Fair value reserve		192,832		172,092
Profit and loss account		119,136		93,684
Total shareholders' funds		677,418		631,226

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mellstock Poultry Ltd (registered number: 01296528) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Mrs J M Henville Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mellstock Poultry Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rents receivable and is shown net of VAT.

The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2024	91,772		34,459		3,089		129,320
Additions	6,666		0		0		6,666
At 31 December 2024	98,438		34,459		3,089		135,986
Accumulated depreciation
At 01 January 2024	83,768		31,484		1,447		116,699
Charge for the financial year	1,952		743		411		3,106
At 31 December 2024	85,720		32,227		1,858		119,805
Net book value
At 31 December 2024	12,718		2,232		1,231		16,181
At 31 December 2023	8,004		2,975		1,642		12,621

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	700,000
Additions	30,190
Fair value movement	19,810
As at 31 December 2024	750,000

Valuation

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost	506,916		506,916

5. Fixed asset investments

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 January 2024	6,290		2		6,292
Movement in fair value	930		0		930
At 31 December 2024	7,220		2		7,222
Carrying value at 31 December 2024	7,220		2		7,222
Carrying value at 31 December 2023	6,290		2		6,292

6. Debtors

	2024		2023
	£		£
Trade debtors	39,982		0
Amounts owed by Group undertakings	0		2,317
Other debtors	8,589		33,892
	48,571		36,209

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	9,394		0
Taxation and social security	5,749		5,160
Other creditors	126,333		127,281
	141,476		132,441

8. Related party transactions

Transactions with the entity's directors

During the year the directors maintained interest free loan accounts which are repayable on demand. At the balance sheet date the amount due to the directors was £83,654 (2023 - £56,254).

Other related party transactions

G Smith

During the year G Smith who is a shareholders and has a participating interest in the company maintained an interest free loan account which is repayable on demand. At the balance sheet date the amount due to G Smith was £33,200 (2023 - £33,200).