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

COMPANY REGISTRATION NUMBER: 04028568

Valley Farm Pigs Limited

Unaudited financial statements

30 September 2025

Valley Farm Pigs Limited

Statement of financial position

30 September 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		1,400,912		1,310,409

Current assets

Stocks		61,845	58,900
Debtors	7	46,837	10,900
Cash at bank and in hand		114,493	38,306
		---------	---------
		223,175	108,106

Creditors: Amounts falling due within one year	8	( 375,678)		( 281,683)
		---------		---------
Net current liabilities			( 152,503)		( 173,577)
			-----------		-----------
Total assets less current liabilities			1,248,409		1,136,832

Creditors: Amounts falling due after more than one year	9		( 481,997)		( 441,661)

Provisions

Taxation including deferred tax	( 103,646)	( 81,922)
	-----------	-----------
Net assets	662,766	613,249
	-----------	-----------

Capital and reserves

Called up share capital	99	99
Revaluation reserve	68,178	68,178
Profit and loss account	594,489	544,972
	---------	---------
Shareholders funds	662,766	613,249
	---------	---------

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 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Valley Farm Pigs Limited

Statement of financial position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 8 May 2026 , and are signed on behalf of the board by:

Mr Darren R Duffield
Director

Company registration number: 04028568

Valley Farm Pigs Limited

Notes to the financial statements

Year ended 30 September 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 Valley Farm, Booton Road, Cawston, Norwich, Norfolk, NR10 4AH.

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, 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.

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.

Income 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Freehold property	-	5% reducing balance
Plant and machinery	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 4 (2024: 3 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	–	983
Adjustments in respect of prior periods	( 1,003)	–
	------	----
Total current tax	( 1,003)	983
	------	----

Deferred tax:

Origination and reversal of timing differences	21,725	38,468
	-------	-------
Tax on profit	20,722	39,451
	-------	-------

6. Tangible assets

	Freehold property	Plant and machinery	Investment property	Total
	£	£	£	£
Cost
At 1 October 2024	978,061	596,534	165,000	1,739,595
Additions	–	156,950	–	156,950
	---------	---------	---------	-----------
At 30 September 2025	978,061	753,484	165,000	1,896,545
	---------	---------	---------	-----------
Depreciation
At 1 October 2024	72,308	356,881	–	429,189
Charge for the year	6,168	60,276	–	66,444
	---------	---------	---------	-----------
At 30 September 2025	78,476	417,157	–	495,633
	---------	---------	---------	-----------
Carrying amount
At 30 September 2025	899,585	336,327	165,000	1,400,912
	---------	---------	---------	-----------
At 30 September 2024	905,753	239,653	165,000	1,310,406
	---------	---------	---------	-----------

7. Debtors

	2025	2024
	£	£
Trade debtors	11,771	2,590
Other debtors	35,066	8,310
	-------	-------
	46,837	10,900
	-------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,256	6,740
Trade creditors	93,061	58,269
Accruals and deferred income	2,560	13,900
Corporation tax	–	983
Social security and other taxes	848	588
Obligations under finance leases and hire purchase contracts	92,891	25,308
Director loan accounts	177,062	175,895
	---------	---------
	375,678	281,683
	---------	---------

The bank loan and hire purchase has been secured by the company.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	209,677	221,450
Obligations under finance leases and hire purchase contracts	64,316	12,207
Other creditors	208,004	208,004
	---------	---------
	481,997	441,661
	---------	---------

The bank loan and hire purchase has been secured by the company