Company registration number 02179552 (England and Wales)
COTSWOLD PROVISIONS (BACON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
COTSWOLD PROVISIONS (BACON) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,685
1,872
Investment property
5
595,172
595,172
596,857
597,044
Current assets
Debtors
6
1,626
1,064
Cash at bank and in hand
93,091
81,935
94,717
82,999
Creditors: amounts falling due within one year
7
(56,932)
(52,613)
Net current assets
37,785
30,386
Total assets less current liabilities
634,642
627,430
Provisions for liabilities
(5,896)
(5,943)
Net assets
628,746
621,487
Capital and reserves
Called up share capital
9
7,000
7,000
Revaluation reserve
10
258,443
258,443
Profit and loss reserves
363,303
356,044
Total equity
628,746
621,487

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

COTSWOLD PROVISIONS (BACON) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 November 2025 and are signed on its behalf by:
Mr P Cockerton
Director
Company Registration No. 02179552
COTSWOLD PROVISIONS (BACON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Cotswold Provisions (Bacon) Limited is a private company limited by shares incorporated in England and Wales. The registered office and trading premises are Unit 4 Briar Close Industrial Est, Evesham, Worcestershire, United Kingdom, WR11 4JT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% reducing balance

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.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value can not be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

COTSWOLD PROVISIONS (BACON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

COTSWOLD PROVISIONS (BACON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

COTSWOLD PROVISIONS (BACON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
3
3
4
Tangible fixed assets
£
Cost
At 1 May 2024 and 30 April 2025
23,693
Depreciation and impairment
At 1 May 2024
21,821
Depreciation charged in the year
187
At 30 April 2025
22,008
Carrying amount
At 30 April 2025
1,685
At 30 April 2024
1,872
5
Investment property
2025
£
Fair value
At 1 May 2024 and 30 April 2025
595,172

Investment property comprises of commercial buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 April 2025 by the director, Mr P Cockerton. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

COTSWOLD PROVISIONS (BACON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
5
Investment property
(Continued)
- 7 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
322,568
322,568
Accumulated depreciation
-
-
Carrying amount
322,568
322,568
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,626
1,064

7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
27,305
24,866
Corporation tax
1,736
904
Other creditors
27,891
26,843
56,932
52,613

Included in other creditors is £25,526, (2024: £24,633) owed to related parties. Amounts owed to related parties are unsecured, interest free and repayable on demand.

8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
5,896
5,943
COTSWOLD PROVISIONS (BACON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
8
Deferred taxation
(Continued)
- 8 -
2025
Movements in the year:
£
Liability at 1 May 2024
5,943
Credit to profit or loss
(47)
Liability at 30 April 2025
5,896

Included in the deferred tax liability set out above is £42 which is expected to reverse within 12 months. Therefore, carried forward beyond 12 months is a deferred tax liability of £5,854 which is in relation to accelerated capital allowances and investment properties.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
7,000
7,000
7,000
7,000
10
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
258,443
258,443
11
Financial commitments, guarantees and contingent liabilities

In May 2020 an associated entity, Cotswold Provisions Limited, arranged a Coronavirus Business Interruption Loan (CBIL) securing finance of £300,000.

This loan is repayable over 60 months starting 13 months after the funds were received.

In respect of this loan the company has provided National Westminster Bank Plc with an unlimited guarantee which is supported by a debenture and a legal charge over the freehold investment properties.

At the reporting date the outstanding commitment is £65,000 (2024: £125,000), which is due to be repaid by May 2026.

12
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
2025
2024
£
£
Other related parties
274,740
197,405
COTSWOLD PROVISIONS (BACON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
12
Related party transactions
(Continued)
- 9 -

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Other related parties
25,526
24,633
13
Controlling party

During the year the company was controlled by the directors by virtue of their 100% family shareholding.

2025-04-30 2024-05-01 false false false 04 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr L Cockerton Mr N Cockerton Mr P Cockerton 02179552 2024-05-01 2025-04-30 02179552 2025-04-30 02179552 2024-04-30 02179552 core:LandBuildings 2025-04-30 02179552 core:LandBuildings 2024-04-30 02179552 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 02179552 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 02179552 core:CurrentFinancialInstruments 2025-04-30 02179552 core:CurrentFinancialInstruments 2024-04-30 02179552 core:ShareCapital 2025-04-30 02179552 core:ShareCapital 2024-04-30 02179552 core:RevaluationReserve 2025-04-30 02179552 core:RevaluationReserve 2024-04-30 02179552 core:RetainedEarningsAccumulatedLosses 2025-04-30 02179552 core:RetainedEarningsAccumulatedLosses 2024-04-30 02179552 core:ShareCapitalOrdinaryShareClass1 2025-04-30 02179552 core:ShareCapitalOrdinaryShareClass1 2024-04-30 02179552 bus:Director3 2024-05-01 2025-04-30 02179552 core:LeaseholdImprovements 2024-05-01 2025-04-30 02179552 2023-05-01 2024-04-30 02179552 core:LandBuildings 2024-04-30 02179552 core:LandBuildings 2024-05-01 2025-04-30 02179552 2024-04-30 02179552 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 02179552 bus:OrdinaryShareClass1 2025-04-30 02179552 bus:OrdinaryShareClass1 2024-04-30 02179552 core:OtherRelatedParties core:SaleOrPurchaseGoods 2024-05-01 2025-04-30 02179552 core:OtherRelatedParties core:SaleOrPurchaseGoods 2023-05-01 2024-04-30 02179552 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 02179552 bus:FRS102 2024-05-01 2025-04-30 02179552 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 02179552 bus:Director1 2024-05-01 2025-04-30 02179552 bus:Director2 2024-05-01 2025-04-30 02179552 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 02179552 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP