REGISTERED NUMBER: 14696269 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Fosse Meadows Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H H Sykes

N D Ball

REGISTERED OFFICE:

Stud Farm

Station Road

North Kilworth

Leicestershire

LE17 6JD

REGISTERED NUMBER:

14696269 (England and Wales)

ACCOUNTANTS:

Barker & Co

Chartered Accountants

Watling Offices

Smockington Lane

Wolvey

Hinckley

Leicestershire

LE10 3AY

FIXED ASSETS

Intangible assets

4

214,286

257,143

Tangible assets

5

853,243

943,752

1,067,529

1,200,895

CURRENT ASSETS

Stocks

180,300

182,500

Debtors

6

161,672

103,198

Cash at bank and in hand

31,416

25,229

373,388

310,927

CREDITORS

Amounts falling due within one year

7

415,250

345,655

NET CURRENT LIABILITIES

(41,862

)

(34,728

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,025,667

1,166,167

CREDITORS

Amounts falling due after more than one year

8

(405,298

)

(577,583

)

PROVISIONS FOR LIABILITIES

(195,300

)

(244,500

)

NET ASSETS

425,069

344,084

CAPITAL AND RESERVES

Called up share capital

10

100

100

Share premium

234,153

234,153

Retained earnings

190,816

109,831

SHAREHOLDERS' FUNDS

425,069

344,084

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 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 30th December 2025 and were signed on its behalf by:

J H H Sykes - Director

N D Ball - Director

1.	STATUTORY INFORMATION

Fosse Meadows Ltd 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 2023, is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings

-

Straight line over 5 years

Turkey barn and butchery

-

Straight line on cost over 20 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Slaughter house equipment

-

Straight line on cost over 20 years

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme 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 39 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

300,000

AMORTISATION

At 1st April 2024

42,857

Amortisation for year

42,857

At 31st March 2025

85,714

NET BOOK VALUE

At 31st March 2025

214,286

At 31st March 2024

257,143

5.	TANGIBLE FIXED ASSETS

Turkey

barn and

Plant and

Buildings

butchery

machinery

£

£

£

COST

At 1st April 2024

13,600

88,118

168,756

Additions

-

-

11,612

At 31st March 2025

13,600

88,118

180,368

DEPRECIATION

At 1st April 2024

2,720

5,474

37,102

Charge for year

2,720

5,474

33,624

At 31st March 2025

5,440

10,948

70,726

NET BOOK VALUE

At 31st March 2025

8,160

77,170

109,642

At 31st March 2024

10,880

82,644

131,654

Fixtures

Slaughter

and

Motor

house

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2024

13,001

109,367

652,156

1,044,998

Additions

-

1,500

-

13,112

At 31st March 2025

13,001

110,867

652,156

1,058,110

DEPRECIATION

At 1st April 2024

2,726

17,267

35,957

101,246

Charge for year

2,571

23,275

35,957

103,621

At 31st March 2025

5,297

40,542

71,914

204,867

NET BOOK VALUE

At 31st March 2025

7,704

70,325

580,242

853,243

At 31st March 2024

10,275

92,100

616,199

943,752

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

101,781

75,646

Social security & other taxes

19,125

27,057

Prepayments

40,766

495

161,672

103,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,612

-

Other loans

80,429

70,679

Trade creditors

101,240

92,065

Corporation tax

74,800

65,800

Social security and other taxes

13,679

7,056

Hire purchase

21,606

37,149

Directors' current accounts

50,000

50,000

Accrued expenses

44,884

22,906

415,250

345,655

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans

150,891

258,562

Hire purchase contracts

34,799

53,615

Directors' loan accounts

219,608

265,406

405,298

577,583

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

56,405

90,764

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A Shares

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors J H H Sykes & N D Ball made the following advances to the company during the year:-

J H H Sykes

Use of home as office

(312

)

Private expenses

59,090

Rent paid

3,000

N D Ball

Use of home as office

(312

)

Private expenses

54,932

Rent paid

3,000

No interest was payable by the company on the director's loan account.