REGISTERED NUMBER: 04755315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PARK FARM EGGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C R Buckton

Mrs J Buckton

Mrs K J Turner

Mr G T Turner

REGISTERED OFFICE:

Park Farm

Rise

Hull

HU11 5BL

REGISTERED NUMBER:

04755315 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

253,565

330,974

CURRENT ASSETS

Stocks

-

3,662

Debtors

5

218,476

234,696

218,476

238,358

CREDITORS

Amounts falling due within one year

6

230,061

456,479

NET CURRENT LIABILITIES

(11,585

)

(218,121

)

TOTAL ASSETS LESS CURRENT LIABILITIES

241,980

112,853

CREDITORS

Amounts falling due after more than one year

7

(56,083

)

(49,926

)

PROVISIONS FOR LIABILITIES

(45,223

)

(23,469

)

NET ASSETS

140,674

39,458

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

140,574

39,358

SHAREHOLDERS' FUNDS

140,674

39,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:

Mr C R Buckton - Director

1.	STATUTORY INFORMATION

Park Farm Eggs Limited is a private company, limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Park Farm, Rise, Hull, East Yorkshire.

The principal activity of the company is the raising of poultry.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts

Turnover from the sale of goods is recognised at the point of sale.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% on cost

Plant and machinery etc

-

over the life cycle of the flock and 6.7% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Poultry

Leasehold

machinery

flock

Totals

£

£

£

£

COST

At 1 April 2024

266,006

505,042

134,126

905,174

Additions

-

106,661

-

106,661

Disposals

-

(59,297

)

-

(59,297

)

At 31 March 2025

266,006

552,406

134,126

952,538

DEPRECIATION

At 1 April 2024

182,693

370,889

20,618

574,200

Charge for year

10,640

12,544

113,508

136,692

Eliminated on disposal

-

(11,919

)

-

(11,919

)

At 31 March 2025

193,333

371,514

134,126

698,973

NET BOOK VALUE

At 31 March 2025

72,673

180,892

-

253,565

At 31 March 2024

83,313

134,153

113,508

330,974

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Poultry

machinery

flock

Totals

£

£

£

COST

At 1 April 2024

59,297

123,827

183,124

Additions

82,560

-

82,560

Disposals

(59,297

)

-

(59,297

)

At 31 March 2025

82,560

123,827

206,387

DEPRECIATION

At 1 April 2024

11,592

10,319

21,911

Charge for year

3,629

113,508

117,137

Eliminated on disposal

(11,919

)

-

(11,919

)

At 31 March 2025

3,302

123,827

127,129

NET BOOK VALUE

At 31 March 2025

79,258

-

79,258

At 31 March 2024

47,705

113,508

161,213

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

218,476

230,844

Other debtors

-

3,852

218,476

234,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

103,640

297,463

Hire purchase contracts

8,295

7,220

Trade creditors

95,201

123,439

Taxation and social security

8,199

(473

)

Other creditors

14,726

28,830

230,061

456,479

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

31,825

49,261

Hire purchase contracts

24,885

1,202

Other creditors

(627

)

(537

)

56,083

49,926

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

74,718

154,013

Bank loans

60,747

192,711

Hire purchase contracts

33,180

8,422

168,645

355,146

Hire purchase contracts are secured on the asset to which they relate. The bank balances are secured by a mortgage debenture dated 11th August 2003 incorporating a fixed and floating charge over all current and future assets of the company.