REGISTERED NUMBER: 03783244 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WESTVLEES (G.B.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Deman

J Claeys

SECRETARY:

Mr. D Deman

REGISTERED OFFICE:

5 Saint James Street

Dover

Kent

CT16 1QD

REGISTERED NUMBER:

03783244 (England and Wales)

AUDITORS:

Spain Brothers & Co

Chartered Accountants and Statutory Auditors

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

CURRENT ASSETS

Stocks

4

14,486

52,198

Debtors

5

11,004,860

7,613,075

Cash at bank

470,207

694,825

11,489,553

8,360,098

CREDITORS

Amounts falling due within one year

6

11,340,912

8,141,148

NET CURRENT ASSETS

148,641

218,950

TOTAL ASSETS LESS CURRENT LIABILITIES

148,641

218,950

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

148,541

218,850

SHAREHOLDERS' FUNDS

148,641

218,950

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2025 and were signed on its behalf by:

D Deman - Director

J Claeys - Director

1.	STATUTORY INFORMATION

Westvlees (GB) 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.

The financial statements are presented in sterling which is the functional currency of the company.

The principal activity of the Company for the year under review was pork meat sales.

The significant accounting policies applied in the preparation of these financial statements are set out below.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell, calculated on a first-in, first-out basis. Cost includes expenditure incurred in the normal course of business in bringing the stock to its location and condition at the balance sheet date. Provision is made for slow moving and obsolete stock where appropriate.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

STOCKS

2025

2024

£

£

Stocks

14,486

52,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,979,132

7,606,557

Other debtors

20,702

-

Taxation and social security

5,026

6,518

11,004,860

7,613,075

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

101,702

121,171

Amounts owed to group undertakings

11,055,367

7,815,938

Taxation and social security

-

62,720

Other creditors and accruals

183,843

141,319

11,340,912

8,141,148

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary AA

1

100

100

1

b & c

1

-

-

100

100

8.

RESERVES

Retained

earnings

£

At 1st April 2024

218,850

Deficit for the year

(70,309

)

At 31st March 2025

148,541

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Flood FCA (Senior Statutory Auditor)

for and on behalf of Spain Brothers & Co

10.	RELATED PARTY DISCLOSURES

In the year to 31st March 2025, the Company purchased £107,154,931 (2024 £88,017,723) of services and products from its fellow group members. At the year end the Company owed £11,055,367 (2024 £7,815,938) to its fellow group members.

11.	PARENT UNDERTAKING

The immediate parent undertaking is Westvlees which is incorporated in Belgium. The ultimate controlling party is Belgian Pork Group which is incorporated in Belgium.

The principal place of business and also the address from which copies of group accounts can be obtained, is as follows:

Ommegang West (WRB) 9

8840 Staden

Belgium