REGISTERED NUMBER: 00966143 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

FENCE GATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K Berkins

Mrs M Berkins

Mrs K A Beaumont

SECRETARY:

Mr K Berkins

REGISTERED OFFICE:

Fence Gate

Wheatley Lane

Fence

Burnley

BB12 9EE

REGISTERED NUMBER:

00966143 (England and Wales)

AUDITORS:

Ainsworths Limited

Chartered Accountants

and Statutory Auditors

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

BANKERS:

National Westminster Bank plc

2 Leeds Road

NELSON

Lancashire

BB9 9SY

FIXED ASSETS

Tangible assets

4

345,471

393,595

CURRENT ASSETS

Stocks

70,718

68,302

Debtors

5

4,316,521

4,473,960

Cash at bank and in hand

785,012

638,869

5,172,251

5,181,131

CREDITORS

Amounts falling due within one year

6

1,111,321

1,346,266

NET CURRENT ASSETS

4,060,930

3,834,865

TOTAL ASSETS LESS CURRENT LIABILITIES

4,406,401

4,228,460

CREDITORS

Amounts falling due after more than one year

7

(325,197

)

(143,369

)

PROVISIONS FOR LIABILITIES

(62,556

)

(69,368

)

NET ASSETS

4,018,648

4,015,723

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,018,548

4,015,623

SHAREHOLDERS' FUNDS

4,018,648

4,015,723

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 29th May 2026 and were signed on its behalf by:

Mr K Berkins - Director

1.	STATUTORY INFORMATION

Fence Gate 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company's results are included within the consolidated financial statements of its parent company, Kevin Berkins Quality Meats Limited whose registered office address is Fence Gate, Wheatley Lane Road, Fence, Burnley, Lancashire, BB12 9EE.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following estimates have had the most significant effect on amounts recognised in the financial statements:

Valuation of property held on a revaluation basis

Property accounted for on a revaluation basis is valued by an independent valuer and then subsequently reassessed by the directors in future years. In making their assessment the directors use market and performance data available at the year end.

Useful life of fixed assets

Management have to estimate the useful life of fixed assets to select appropriate accounting policies to write down the cost of those assets over this time period. The depreciation rates used are disclosed below in the tangible fixed asset accounting policy.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed 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 entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from the sale of food and beverages is recognised at the point the goods are ordered and delivered to the customer.

Turnover from the sale of hotel accommodation is recognised at the point the customer is given the right to use the accommodation. The amount recognised is the room rate charged for that night. Hotel booking income is deferred until such point the customer is given the right to access the accommodation.

Similarly, turnover derived from function room hires is recognised when the room is made available for the customer to use it. Any function room income received in advance, whether it be a deposit or full payment, is deferred as a liability until the point at which it should be recognised in the income statement as income.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

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 55 (2024 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st September 2024

42,490

1,637,524

34,250

1,714,264

Additions

-

18,664

-

18,664

At 31st August 2025

42,490

1,656,188

34,250

1,732,928

DEPRECIATION

At 1st September 2024

3,721

1,282,698

34,250

1,320,669

Charge for year

5,817

60,971

-

66,788

At 31st August 2025

9,538

1,343,669

34,250

1,387,457

NET BOOK VALUE

At 31st August 2025

32,952

312,519

-

345,471

At 31st August 2024

38,769

354,826

-

393,595

5.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Trade debtors

12,520

19,485

Other debtors

7,301

133,294

19,821

152,779

Amounts falling due after more than one year:

Amounts owed by group undertakings

4,296,700

4,321,181

Aggregate amounts

4,316,521

4,473,960

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

-

17,998

Trade creditors

121,497

112,957

Taxation and social security

283,442

265,349

Other creditors

706,382

949,962

1,111,321

1,346,266

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

325,197

143,369

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank overdraft

-

17,998

The bank overdraft is secured by a debenture. It is also secured by both cross and personal guarantees as detailed in the contingent liabilities note.

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

The Report of the Auditors was unqualified.

Michael Heys (Senior Statutory Auditor)

for and on behalf of Ainsworths Limited

10.	CONTINGENT LIABILITIES

Fence Gate Limited, its parent undertaking Kevin Berkins Quality Meats Limited and its associated undertakings Fence Gate Lodge Limited, The Eagle at Barrow Limited and Michelle.B Limited have guaranteed each others liabilities to the bank. The aggregate amount of net bank borrowings outstanding at 31st August 2025 was £1,611,637 (2024: £2,060,666). The security given by Fence Gate Limited consists of a floating charge over all the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2025 and 31st August 2024:

31.8.25

31.8.24

£

£

Mr K Berkins

Balance outstanding at start of year

125,917

159,802

Amounts advanced

44,568

50,915

Amounts repaid

(184,076

)

(84,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,591

)

125,917

The directors' loans are interest free, unsecured and repayable on demand.