ACCOUNTT - Pages for filing

Registered number: 12971713 (England & Wales)

	SPINK FARMS LIMITED
	DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025
	Pages for Filing with Registrar


SPINK FARMS LIMITED

CONTENTS

	Page
Company Information	1
Balance Sheet	2 - 3
Notes to the Financial Statements	4 - 8


SPINK FARMS LIMITED

COMPANY INFORMATION

Director	Michael Spink


Registered number	12971713


Registered office	40 Queen Anne Street
	London
	W1G 9EL


Accountants	Lewis Golden LLP
	40 Queen Anne Street
	London
	W1G 9EL

- 1 -


Registered Number:12971713 (England & Wales) SPINK FARMS LIMITED

BALANCE SHEET

AS AT 30 APRIL 2025

	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		1,219,158		506,119
Current assets
Debtors	5	243,490		218,692
Cash at bank and in hand		26,548		22,627
		270,038		241,319
Creditors: amounts falling due within one year	6	(1,591,281)		(804,827)
Net current liabilities			(1,321,243)		(563,508)
Total assets less current liabilities			(102,085)		(57,389)

Net liabilities			(102,085)		(57,389)

Capital and reserves
Called up share capital	7	6	6
Profit and loss account		(102,091)	(57,395)
		(102,085)	(57,389)

- 2 -


Registered Number:12971713 (England & Wales) SPINK FARMS LIMITED

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the member has not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the director's report and the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the director:

Michael Spink

Director

Date: 22 October 2025

The notes on pages 4 to 8 form part of these financial statements.

- 3 -


SPINK FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Spink Farms Limited is a private company limited by share capital, incorporated in England and Wales, registered number 12971713. The address of the registered office is 40 Queen Anne Street, London W1G 9EL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A Small Entities of Financial Reporting Standard 102, the 'Financial Reporting Standard applicable in the UK and the Republic of Ireland' ('FRS 102') and the Companies Act 2006.

2.2

Going concern

The financial statements have been prepared on a going concern basis. The shareholder has provided notice that they will support the operational needs of the company for a period of at least twelve months from the date of approval of the financial statements, in order to allow the company to meet its liabilities as and when they fall due unless cirumstances change in a manner such that it would or might no longer be open to them to provide such financial support.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

- 4 -


SPINK FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in the Profit and Loss Account.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Land and buildings	-	5%
				Plant and machinery etc.	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

2.6

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price.

- 5 -


SPINK FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.10

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Profit and Loss Account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 - 1).

- 6 -


SPINK FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

4.	Tangible fixed assets

	Freehold property	Plant and machinery, etc	Total
	£	£	£
Cost
At 1 May 2024	418,865	171,377	590,242
Additions	785,887	-	785,887
At 30 April 2025	1,204,752	171,377	1,376,129
Depreciation
At 1 May 2024	30,678	53,445	84,123
Charge for the year	38,588	34,260	72,848
At 30 April 2025	69,266	87,705	156,971
Net book value
At 30 April 2025	1,135,486	83,672	1,219,158
At 30 April 2024	388,187	117,932	506,119

Debtors

					2025	2024
					£	£


Other debtors	243,490	218,692

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	40,778	45,197
Other creditors	1,550,503	759,630
	1,591,281	804,827

- 7 -


SPINK FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

6 (2024 - 6) Ordinary shares of £1.00 each	6	6

8.	Related party transactions

At the year end the balance due to the director-shareholder was £97,729 (2024 - £98,192).

The company is not required to disclose transactions with entities under common ownership, in accordance with FRS 102, Section 1A.

- 8 -