Puffin Farms Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13970826

Puffin Farms Holdings Limited

Filleted Unaudited Financial Statements

31 March 2025

Puffin Farms Holdings Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 3

Puffin Farms Holdings Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	3,300,050	3,300,000

Current assets

Debtors	5	2,482,128	1,416,128
Cash at bank and in hand		50	100
		------------	------------
		2,482,178	1,416,228
		------------	------------
Net current assets		2,482,178	1,416,228
		------------	------------
Total assets less current liabilities		5,782,228	4,716,228
		------------	------------

Capital and reserves

Called up share capital	6	5,597,388	4,531,388
Share premium account		184,840	184,840
		------------	------------
Shareholders funds		5,782,228	4,716,228
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr J M Langmead

Director

Company registration number: 13970826

Puffin Farms Holdings Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Withybush, Withybush Road, Haverfordwest, Pembrokeshire, SA62 4BS.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Investments

	Shares in group undertakings	Shares in participating interests	Total
	£	£	£
Cost
At 1 April 2024	3,300,000	–	3,300,000
Additions	–	50	50
	------------	----	------------
At 31 March 2025	3,300,000	50	3,300,050
	------------	----	------------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	------------	----	------------

Carrying amount
At 31 March 2025	3,300,000	50	3,300,050
	------------	----	------------
At 31 March 2024	3,300,000	–	3,300,000
	------------	----	------------

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	2,482,128	1,416,128
	------------	------------

6. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	5,597,388	5,597,388	4,531,388	4,531,388
	------------	------------	------------	------------

Share movements

	No.	£

Ordinary

At 1 April 2024	4,531,388	4,531,388
Issue of shares	1,066,000	1,066,000
	------------	------------
At 31 March 2025	5,597,388	5,597,388
	------------	------------

On 24 July 2024 the company raised further capital to support the continued growth of the business by allotting a further 1,066,000 £1 ordinary shares which were fully paid on 30 September 2024 at par value.