Registration number: 02215525

Pig City Incorporated Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Pig City Incorporated Limited

Company Information

Director

NQ Cook

Company secretary

E L Coquet

Registered office

8 High Street Heathfield East Sussex TN21 8LS

Accountants

Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Pig City Incorporated Limited

(Registration number: 02215525)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	345,974	359,607
Investment property	5	1,000,000	1,000,000
		1,345,974	1,359,607
Current assets
Debtors	6	1,431,820	1,227,004
Cash at bank and in hand		5,242,501	7,491,622
		6,674,321	8,718,626
Creditors: Amounts falling due within one year	7	(1,488,912)	(3,336,259)
Net current assets		5,185,409	5,382,367
Total assets less current liabilities		6,531,383	6,741,974
Provisions for liabilities		(209,099)	(209,099)
Net assets		6,322,284	6,532,875
Capital and reserves
Called up share capital		100	100
Revaluation reserve		627,298	627,298
Retained earnings		5,694,886	5,905,477
Shareholders' funds		6,322,284	6,532,875

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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 December 2025
 

......................................... E L Coquet Company secretary

Pig City Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Pig City Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	Straight Line over 50 years
Plant and equipment	Reducing Balance 15%

Investment property

Investment property is recognised at fair value in the balance sheet at their open market value. The revaluation is carried out by the director under guidance from local estate agents.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 0).

Pig City Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	681,657	179,322	860,979
At 31 March 2025	681,657	179,322	860,979
Depreciation
At 1 April 2024	322,050	179,322	501,372
Charge for the year	13,633	-	13,633
At 31 March 2025	335,683	179,322	515,005
Carrying amount
At 31 March 2025	345,974	-	345,974
At 31 March 2024	359,607	-	359,607

Included within the net book value of land and buildings above is £345,974 (2024 - £359,607) in respect of freehold land and buildings.
 

5	Investment properties

	2025 £
At 1 April	1,000,000
At 31 March	1,000,000

The investment property is held at fair value. The value of each investment property is determined by the director who receives guidance from trusted local estate agents.

There has been no valuation of investment property by an independent valuer.

Pig City Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

	2025 £	2024 £
Trade debtors	119	1,540
Taxation and social security	65,938	-
Prepayments	416,666	750,000
Other debtors	483,154	475,464
Director loan account	465,943	-
	1,431,820	1,227,004

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	6,540	3,440
Taxation and social security	30,040	259,062
Accruals and deferred income	1,452,332	2,986,040
Other creditors	-	1
Director loan account	-	87,716
	1,488,912	3,336,259