Crosh Valley Pigs Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI644134

Crosh Valley Pigs Limited

Filleted Unaudited Financial Statements

31 July 2025

Crosh Valley Pigs Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,755,045	2,788,564

Current assets

Stocks		642,500	754,375
Debtors	6	48,118	87,095
Cash at bank and in hand		41,567	24,616
		---------	---------
		732,185	866,086

Creditors: amounts falling due within one year	7	1,957,752	2,215,031
		------------	------------
Net current liabilities		1,225,567	1,348,945
		------------	------------
Total assets less current liabilities		1,529,478	1,439,619

Creditors: amounts falling due after more than one year	8	723,685	840,023

Provisions	( 49,785)	43,672
	------------	------------
Net assets	855,578	555,924
	------------	------------

Capital and reserves

Called up share capital	3	3
Profit and loss account	855,575	555,921
	---------	---------
Shareholders funds	855,578	555,924
	---------	---------

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 income statement has not been delivered.

For the year ending 31 July 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 .

Crosh Valley Pigs Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 15 April 2026 , and are signed on behalf of the board by:

Mr I Heatherington	Mrs G Heatherington
Director	Director

Mr M Heatherington
Director

Company registration number: NI644134

Crosh Valley Pigs Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 62 Drumnakilly Road, Omagh, County Tyrone, Northern Ireland, BT79 0JP. The principal activity of the company during the year was pig farming.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Statement of Financial Position date. Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	2% straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 August 2024	2,801,832	1,051,256	1,240	500	3,854,828
Additions	–	65,379	–	–	65,379
Disposals	( 30,000)	–	–	–	( 30,000)
	------------	------------	-------	----	------------
At 31 July 2025	2,771,832	1,116,635	1,240	500	3,890,207
	------------	------------	-------	----	------------
Depreciation
At 1 August 2024	187,956	876,696	1,196	416	1,066,264
Charge for the year	20,884	47,988	9	17	68,898
	------------	------------	-------	----	------------
At 31 July 2025	208,840	924,684	1,205	433	1,135,162
	------------	------------	-------	----	------------
Carrying amount
At 31 July 2025	2,562,992	191,951	35	67	2,755,045
	------------	------------	-------	----	------------
At 31 July 2024	2,613,876	174,560	44	84	2,788,564
	------------	------------	-------	----	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	5,982	62,831
Other debtors	42,136	24,264
	--------	--------
	48,118	87,095
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	191,459	192,245
Trade creditors	788,894	939,776
Social security and other taxes	–	89,656
Obligations under finance leases and hire purchase contracts	54,982	46,325
Other creditors	922,417	947,029
	------------	------------
	1,957,752	2,215,031
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	646,292	780,212
Obligations under finance leases and hire purchase contracts	77,393	59,811
	---------	---------
	723,685	840,023
	---------	---------

9. Directors' advances, credits and guarantees

During the year the directors withdrew from the company £24,612. At the 31 July 2025 the balance owed to the directors was £922,417. (2024: £947,029).