REGISTERED NUMBER: 00723045 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

REAPER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J T A Bracewell

J H G A Bracewell

M V Powys

SECRETARY:

R J T A Bracewell

REGISTERED OFFICE:

The Albert Suite

Unit 2 Revolution Park

Buckshaw Avenue, Buckshaw Village

Chorley

Lancashire

PR7 7DW

REGISTERED NUMBER:

00723045 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anthony Mills FCA

AUDITORS:

ma2 Limited

Chartered Accountants and Statutory Auditor

5 Crescent East

Thornton Cleveleys

Lancashire

FY5 3LJ

CURRENT ASSETS

Stocks

6

7,618,750

7,374,063

Debtors

7

4,061,797

8,996,499

Cash at bank

5,119,984

120,116

16,800,531

16,490,678

CREDITORS

Amounts falling due within one year

8

654,347

644,874

NET CURRENT ASSETS

16,146,184

15,845,804

TOTAL ASSETS LESS CURRENT LIABILITIES

16,146,184

15,845,804

CREDITORS

Amounts falling due after more than one year

9

-

187,500

NET ASSETS

16,146,184

15,658,304

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

16,145,184

15,657,304

SHAREHOLDERS' FUNDS

16,146,184

15,658,304

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 7 October 2025 and were signed on its behalf by:

R J T A Bracewell - Director

1.	STATUTORY INFORMATION

Reaper 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Reaper Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, GA Pet Food Partners Group Limited, The Albert Suite, Unit 2 Revolution Park, Buckshaw Avenue, Buckshaw Village, Chorley, Lancashire, PR7 7DW.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents sales of land held as trading stock during the year.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. They are recognised when the company becomes party to the contractual provisions of the instrument.

The following assets and liabilities are classified as basic financial instruments - cash at bank, debtors : amounts falling due within one year and creditors : amounts falling due within one year. They are measured at the transaction price less any known impairment, unless the arrangement indicates otherwise, in which case they would be measured at the present value of the future receipts discounted at the market rate of interest.

Bank loan, and loan from the company's own retirement benefits scheme payable after more than one year are classified as basic financial instruments in accordance with FRS 102 and are also measured at the transaction price less any known impairment.

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.

Pension costs and other post-retirement benefits

Pension payments, when made, are to the company's self administered scheme as recommended by the Scheme's advisers. The pension scheme was a defined benefits scheme, which transitioned into a defined contributions scheme in March 2024. Contributions payable for the year are charged to the profit and loss account if due. No contributions were due in the year.

Revenue recognition

Turnover is recognised when a contract for the sale of property becomes unconditional.

Rents receivable are recognised when under the terms of a lease agreement rental receipts become due on an accruals basis.

Bank deposit interest is recognised when it is receiveable.

Other interest is accounted for on an accruals basis relating to interest receivable during the period.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2024

and 31 January 2025

8,460

DEPRECIATION

At 1 February 2024

and 31 January 2025

8,460

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

6.

STOCKS

2025

2024

£

£

Stock of land

7,618,750

7,374,063

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

4,000,000

8,700,000

Other debtors

61,797

62,502

R2 Co-owner loan

-

190,575

Prepayments and accrued income

-

43,422

4,061,797

8,996,499

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

187,500

250,000

Tax

204,031

204,879

Social security and other taxes

407

282

Other creditors

212,172

189,713

R2 Co-owner loan

50,237

-

654,347

644,874

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

187,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

187,500

437,500

The bank loans referred to in notes 9 and 10 relate to the company's share of its ownership in a property held in trading stock. The company's bankers have a first legal charge over the property.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Mills FCA (Senior Statutory Auditor)

for and on behalf of ma2 Limited

12.	EMPLOYEE BENEFIT OBLIGATIONS

The company operates a Defined Benefit pension scheme, which transitioned into a Defined Contribution scheme in March 2024.

No contributions were made during the year and none are envisaged, due to the surplus of the scheme.

The scheme rules prohibit the return of the surplus therefore no pension asset is recognised on the balance sheet. No allowance is therefore made in these accounts for recovery of the excess assets on the grounds that they are not recoverable by this company, the sponsoring employer.

Value of scheme assets and liabilities (comparatives only, when DB scheme)

2024

£

Market value of assets

15,123,085

Present value of scheme liabilities

(210,000)

Surplus in scheme

14,913,085

Net pension asset

14,913,085

Movement in deficit during the year

2024

£

Deficit in scheme at end of year

-

The valuation method used to determine the present value of scheme liabilities in 2024 was carried out by the scheme's professional advisers using a simplified approach relying upon data provided by the company to determine how much a lifetime annuity would cost on the open market replicating the scheme's pensions in payment and on the assumption of the schemes members being in good health.

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY