REGISTERED NUMBER: 07193680 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

Fairseat Farm Eggs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Forrest

REGISTERED OFFICE:

Unit 9 Skein Enterprise Park

Hodsoll Street

Wrotham

Kent

TN15 7LB

REGISTERED NUMBER:

07193680 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,219

27,213

22,219

27,213

CURRENT ASSETS

Stocks

34,848

29,094

Debtors

6

39,558

48,093

Cash at bank and in hand

23,093

24,323

97,499

101,510

CREDITORS

Amounts falling due within one year

7

85,661

93,854

NET CURRENT ASSETS

11,838

7,656

TOTAL ASSETS LESS CURRENT LIABILITIES

34,057

34,869

CREDITORS

Amounts falling due after more than one year

8

(36,652

)

(43,884

)

PROVISIONS FOR LIABILITIES

(4,221

)

(3,185

)

NET LIABILITIES

(6,816

)

(12,200

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(6,916

)

(12,300

)

SHAREHOLDERS' FUNDS

(6,816

)

(12,200

)

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

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

The director acknowledges his 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 director and authorised for issue on 3rd December 2025 and were signed by:

S A Forrest - Director

1.	STATUTORY INFORMATION

Fairseat Farm Eggs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

Pension costs and other post-retirement benefits

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

50,000

AMORTISATION

At 1st April 2024

and 31st March 2025

50,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

6,406

12,798

150,275

169,479

DEPRECIATION

At 1st April 2024

2,895

5,425

133,946

142,266

Charge for year

175

737

4,082

4,994

At 31st March 2025

3,070

6,162

138,028

147,260

NET BOOK VALUE

At 31st March 2025

3,336

6,636

12,247

22,219

At 31st March 2024

3,511

7,373

16,329

27,213

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

Plant and

machinery

£

COST

At 1st April 2024

and 31st March 2025

5,500

DEPRECIATION

At 1st April 2024

1,045

Charge for year

446

At 31st March 2025

1,491

NET BOOK VALUE

At 31st March 2025

4,009

At 31st March 2024

4,455

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,172

40,769

Other debtors

6,386

7,324

39,558

48,093

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,391

11,391

Hire purchase contracts

-

2,292

Trade creditors

66,580

73,089

Taxation and social security

4,350

4,117

Other creditors

3,340

2,965

85,661

93,854

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,578

33,810

Other creditors

10,074

10,074

36,652

43,884

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

2,292

Hire purchase contracts are secured on the assets concerned.