Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mrs E Uglow 29/05/2013 Mr J Uglow 29/05/2013 Mrs J A Uglow 29/05/2013 Mr M G Uglow 29/05/2013 10 October 2025 The principal activity of the company is wholesale of meat and meat products. 08547924 2025-03-31 08547924 bus:Director1 2025-03-31 08547924 bus:Director2 2025-03-31 08547924 bus:Director3 2025-03-31 08547924 bus:Director4 2025-03-31 08547924 2024-03-31 08547924 core:CurrentFinancialInstruments 2025-03-31 08547924 core:CurrentFinancialInstruments 2024-03-31 08547924 core:Non-currentFinancialInstruments 2025-03-31 08547924 core:Non-currentFinancialInstruments 2024-03-31 08547924 core:ShareCapital 2025-03-31 08547924 core:ShareCapital 2024-03-31 08547924 core:RetainedEarningsAccumulatedLosses 2025-03-31 08547924 core:RetainedEarningsAccumulatedLosses 2024-03-31 08547924 core:Goodwill 2024-03-31 08547924 core:Goodwill 2025-03-31 08547924 core:LandBuildings 2024-03-31 08547924 core:PlantMachinery 2024-03-31 08547924 core:Vehicles 2024-03-31 08547924 core:LandBuildings 2025-03-31 08547924 core:PlantMachinery 2025-03-31 08547924 core:Vehicles 2025-03-31 08547924 2024-04-01 2025-03-31 08547924 bus:FilletedAccounts 2024-04-01 2025-03-31 08547924 bus:SmallEntities 2024-04-01 2025-03-31 08547924 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08547924 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08547924 bus:Director1 2024-04-01 2025-03-31 08547924 bus:Director2 2024-04-01 2025-03-31 08547924 bus:Director3 2024-04-01 2025-03-31 08547924 bus:Director4 2024-04-01 2025-03-31 08547924 core:Goodwill core:TopRangeValue 2024-04-01 2025-03-31 08547924 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-31 08547924 core:PlantMachinery 2024-04-01 2025-03-31 08547924 core:Vehicles 2024-04-01 2025-03-31 08547924 2023-04-01 2024-03-31 08547924 core:LandBuildings 2024-04-01 2025-03-31 08547924 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 08547924 (England and Wales)

# THE CORNISH FARMHOUSE BACON CO LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

THE CORNISH FARMHOUSE BACON CO LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

THE CORNISH FARMHOUSE BACON CO LTD

## BALANCE SHEET

As at 31 March 2025
THE CORNISH FARMHOUSE BACON CO LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 906,949 |  | 939,283
|  | 906,949 |  | 939,283
Current assets |  |  |  |
Stocks | 5 | 121,434 |  | 99,052
Debtors | 6 | 296,274 |  | 342,846
Cash at bank and in hand |  | 782,501 |  | 557,423
|  | 1,200,209 |  | 999,321
Creditors: amounts falling due within one year | 7 | ( 415,929) |  | ( 450,752)
Net current assets |  | 784,280 |  | 548,569
Total assets less current liabilities |  | 1,691,229 |  | 1,487,852
Creditors: amounts falling due after more than one year | 8 | 0 |  | ( 35,706)
Provision for liabilities |  | ( 188,676) |  | ( 181,752)
Net assets |  | 1,502,553 |  | 1,270,394
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,502,453 |  | 1,270,294
Total shareholders' funds |  | 1,502,553 |  | 1,270,394

For the financial year ending 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Cornish Farmhouse Bacon Co Ltd (registered number: 08547924) were approved and authorised for issue by the Board of Directors on 10 October 2025. They were signed on its behalf by:

Mr J Uglow Director |

THE CORNISH FARMHOUSE BACON CO LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
THE CORNISH FARMHOUSE BACON CO LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

The Cornish Farmhouse Bacon Co 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 West Balsdon Farm, Whitstone, Holsworthy, Devon, EX22 6LE, 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 the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
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.
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 average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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 over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 15 % reducing balance
Vehicles | 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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 30 |  | 31

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 120,237 |  | 120,237
At 31 March 2025 | 120,237 |  | 120,237
Accumulated amortisation |  |  |
At 01 April 2024 | 120,237 |  | 120,237
At 31 March 2025 | 120,237 |  | 120,237
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 165,491 |  | 1,082,367 |  | 188,292 |  | 1,436,150
Additions | 0 |  | 91,431 |  | 35,995 |  | 127,426
Disposals | 0 |  | ( 61,504) |  | 0 |  | ( 61,504)
At 31 March 2025 | 165,491 |  | 1,112,294 |  | 224,287 |  | 1,502,072
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 9,927 |  | 401,828 |  | 85,112 |  | 496,867
Charge for the financial year | 3,309 |  | 105,859 |  | 29,544 |  | 138,712
Disposals | 0 |  | ( 40,456) |  | 0 |  | ( 40,456)
At 31 March 2025 | 13,236 |  | 467,231 |  | 114,656 |  | 595,123
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 152,255 |  | 645,063 |  | 109,631 |  | 906,949
At 31 March 2024 | 155,564 |  | 680,539 |  | 103,180 |  | 939,283

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 121,434 |  | 99,052

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 285,973 |  | 320,239
Amounts owed by directors | 0 |  | 467
Prepayments | 631 |  | 394
VAT recoverable | 9,670 |  | 21,746
| 296,274 |  | 342,846

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 247,289 |  | 307,942
Amounts owed to directors | 1,533 |  | 0
Accruals | 28,309 |  | 24,788
Taxation and social security | 99,353 |  | 60,526
Obligations under finance leases and hire purchase contracts | 35,705 |  | 46,272
Other creditors | 3,740 |  | 11,224
| 415,929 |  | 450,752

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 0 |  | 35,706

The finance lease liabilities are secured against the assets to which they relate.

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed by directors | 0 |  | 467