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Registered number: 10166116 TRAILHEAD FINE FOODS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2025
TRAILHEAD FINE FOODS LIMITED REGISTERED NUMBER:10166116
BALANCE SHEET AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 10,647 |  | 482
|  |  | 10,647 |  | 482
Current assets |  |  |  |  |
Stocks |  | 8,562 |  | 13,198 |
Debtors: amounts falling due within one year | 6 | 3,674 |  | 2,694 |
Cash at bank and in hand | 7 | 11,235 |  | 7,218 |
|  | 23,471 |  | 23,110 |
Creditors: amounts falling due within one year | 8 | (80,258) |  | (21,615) |
Net current (liabilities)/assets |  |  | (56,787) |  | 1,495
Total assets less current liabilities |  |  | (46,140) |  | 1,977
Net (liabilities)/assets |  |  | (46,140) |  | 1,977
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 40,000 |  | 40,000
Profit and loss account |  |  | (86,140) |  | (38,023)
|  |  | (46,140) |  | 1,977
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TRAILHEAD FINE FOODS LIMITED REGISTERED NUMBER:10166116
BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 December 2025.
D A Watkins OBE
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
TRAILHEAD FINE FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
The Company is a private company limited by shares and is incorporated and domiciled in the UK. The address of its registered office is Ty Cambrian, Welshpool, Powys, SY21 8JF. The principal activity of the Company is that of processing and preserving of meat products. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors confirm that the Company is expected to be able to meet it's liabilities as they fall due for the foreseeable future. The accounts have therefore been prepared on a going concern basis. It os recognised that the Company is reliant upon debt finance from it's parent company to continue operating.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 3
TRAILHEAD FINE FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.5 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 20% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Page 4
TRAILHEAD FINE FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
4. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2024 - 3).
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TRAILHEAD FINE FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 August 2024 | 1,217
| Additions | 12,359
| At 31 July 2025 | 13,576
| Depreciation |
| At 1 August 2024 | 735
| Charge for the year on owned assets | 2,194
| At 31 July 2025 | 2,929
| Net book value |
| At 31 July 2025 | 10,647
| At 31 July 2024 | 482
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,694 | 2,694
| Other debtors | 980 | -
|  | 3,674 | 2,694
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TRAILHEAD FINE FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 11,235 | 7,218
|  | 11,235 | 7,218
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 11,544 | 13,650
| Amounts owed to group undertakings | 67,056 | 5,746
| Other taxation and social security | - | 679
| Other creditors | 378 | 516
| Accruals and deferred income | 1,280 | 1,024
|  | 80,258 | 21,615
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 40,000 (2024 - 40,000) Ordinary shares of £1.00 each | 40,000 | 40,000
10. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,969 (2024: £2,142). Contributions totaling £256 (2024: £314) were payable to the fund at the balance sheet date and are included in creditors. Page 7
TRAILHEAD FINE FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
11. | Related party transactions
| Included in other creditors are loans from group companies totalling of £67,056 (2024: £5,746). These amounts are considered repayable on demand. No interest is charged on these balances.
12. | Controlling party
The Company is a wholly owned subsidiary of Mid Wales Fayres Limited, which is a UK registered company. The registered office of the parent company is Ty Cambrian, Unit 10 Offas Dyke Business Park, Fisher Road, Buttington, Welshpool, Powys, SY21 8JF. Mid Wales Fayres Limited is a wholly owned subsidiary of Cambrian Training (Trustee) Limited, which is a UK registered company. The registered office of the parent company is Ty Cambrian, Unit 10 Offas Dyke Business Park, Fisher Road, Buttington, Welshpool, Powys, SY21 8JF. Cambrian Training (Trustee) Limited is the ultimate holding company. The directors are of the opinion that there is no individual controlling party.
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