Company registration number 01915027 (England and Wales)
RHONDA MEATS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
RHONDA MEATS LIMITED
COMPANY INFORMATION
Director
Mr T A Green
Company number
01915027
Registered office
13-15 East Market
Smithfield
London
EC1A 9PQ
Auditor
Bryden Johnson Limited
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
RHONDA MEATS LIMITED
CONTENTS
Page
Strategic report
1
Director's report
2 - 3
Independent auditor's report
4 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 20
RHONDA MEATS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The director presents the strategic report for the year ended 31 March 2025.

Review of the business

Rhonda Meats Limited had an average year of trading and turnover of the Company was £16,795,751 compared to £20,630,212 in the prior year. Operating loss for the current period is £1,059,354 compared to an operating profit in the prior year of £1,335,355 noting that both periods included an exceptional income as noted in the accounts.

Net assets of the business at the year-end decreased by £1,084,068 from £4,726,226 in the previous year to £3,642,158.

Principal risks and uncertainties

Interest rate risk

The company has sufficient liquidity to fund its operations, therefore the company does not consider interest rate risk to be significant.

Liquidity risk

The Company monitors and manages its liquidity closely, and pays particular attention to its cash flow. Debtors are checked for compliance with the Company's credit policy, and monitored regularly for any other breach of credit terms.

Credit Risk

The Company’s credit policy is based on regular credit checks of new and existing customers, supplemented by credit agency reports, observing credit limits and visits by the Company’s sales staff. Customers are required to enter into agreements, which include clearly defined payment terms. Once trade credit has been granted, performance is monitored closely.

On behalf of the board

Mr T A Green
Director
10 June 2026
RHONDA MEATS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The director presents his annual report and financial statements for the year ended 31 March 2025.

Principal activities
The principal activity of the company continued to be that of wholesale meat trading.
Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £30,000. The director does not recommend payment of a final dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr T A Green
Auditor

The auditor, Bryden Johnson Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

RHONDA MEATS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
On behalf of the board
Mr T A Green
Director
10 June 2026
RHONDA MEATS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RHONDA MEATS LIMITED
- 4 -
Opinion

We have audited the financial statements of Rhonda Meats Limited (the 'company') for the year ended 31 March 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

RHONDA MEATS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RHONDA MEATS LIMITED (CONTINUED)
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK taxation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management override of controls. Audit procedures performed by the engagement team included:

- Reviewing minutes of meetings of those charged with governance;

- Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations, and

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness and testing accounting estimates (because of the risk of management bias).

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

RHONDA MEATS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RHONDA MEATS LIMITED (CONTINUED)
- 6 -

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jackie Wilding (Senior Statutory Auditor)
For and on behalf of Bryden Johnson Limited, Statutory Auditor
Chartered Accountants
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
10 June 2026
RHONDA MEATS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
16,795,751
20,630,212
Cost of sales
(15,525,258)
(19,324,898)
Gross profit
1,270,493
1,305,314
Administrative expenses
(2,942,347)
(1,969,959)
Other operating income
612,500
2,000,000
Operating (loss)/profit
5
(1,059,354)
1,335,355
Interest receivable and similar income
8
11,573
40,034
Interest payable and similar expenses
9
(6,798)
(41,188)
(Loss)/profit before taxation
(1,054,579)
1,334,201
Tax on (loss)/profit
10
511
136,466
(Loss)/profit for the financial year
(1,054,068)
1,470,667

The profit and loss account has been prepared on the basis that all operations are continuing operations.

RHONDA MEATS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2025
2024
£
£
(Loss)/profit for the year
(1,054,068)
1,470,667
Other comprehensive income
-
-
Total comprehensive income for the year
(1,054,068)
1,470,667
RHONDA MEATS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
2,016,890
2,019,036
Current assets
Stocks
13
97,065
62,800
Debtors
14
3,420,871
4,739,287
Cash at bank and in hand
333,923
1,571,903
3,851,859
6,373,990
Creditors: amounts falling due within one year
15
(2,222,483)
(3,662,181)
Net current assets
1,629,376
2,711,809
Total assets less current liabilities
3,646,266
4,730,845
Provisions for liabilities
Deferred tax liability
16
4,108
4,619
(4,108)
(4,619)
Net assets
3,642,158
4,726,226
Capital and reserves
Called up share capital
18
100,030
100,030
Profit and loss reserves
3,542,128
4,626,196
Total equity
3,642,158
4,726,226

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved and signed by the director and authorised for issue on 10 June 2026
Mr T A Green
Director
Company registration number 01915027 (England and Wales)
RHONDA MEATS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
100,030
3,229,029
3,329,059
Year ended 31 March 2024:
Profit and total comprehensive income
-
1,470,667
1,470,667
Dividends
11
-
(73,500)
(73,500)
Balance at 31 March 2024
100,030
4,626,196
4,726,226
Year ended 31 March 2025:
Loss and total comprehensive income
-
(1,054,068)
(1,054,068)
Dividends
11
-
(30,000)
(30,000)
Balance at 31 March 2025
100,030
3,542,128
3,642,158
RHONDA MEATS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
21
(1,181,712)
1,603,824
Interest paid
(6,798)
(41,188)
Corporation taxes paid
(352,772)
(309,333)
Net cash (outflow)/inflow from operating activities
(1,541,282)
1,253,303
Investing activities
Purchase of tangible fixed assets
(3,660)
(3,335)
Repayment of loans / (loans made to)
325,389
(325,389)
Interest received
11,573
40,034
Net cash generated from/(used in) investing activities
333,302
(288,690)
Financing activities
Dividends paid
(30,000)
(73,500)
Net cash used in financing activities
(30,000)
(73,500)
Net (decrease)/increase in cash and cash equivalents
(1,237,980)
891,113
Cash and cash equivalents at beginning of year
1,571,903
680,790
Cash and cash equivalents at end of year
333,923
1,571,903
RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Company information

Rhonda Meats Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13-15 East Market, Smithfield, London, EC1A 9PQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable fo r wholesale meat provided in the normal course of business, and is shown net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short leasehold
Nil
Plant and machinery
15% - Straight line
Fixtures, fittings & equipment
25% - Straight line
Motor vehicles
25% Reducing Balance

The company does not depreciate the leasehold because as the director consider the residual value and given the estimate useful life, any depreciation charge would be insignificant.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

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

RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Such estimates are generally in relation to the application of depreciation policies and provisions in respect of bad debt, whereby the estimate is based on managements knowledge of the business and current environment.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Wholesale meat
16,795,751
20,630,212
2025
2024
£
£
Turnover analysed by geographical market
UK
16,795,751
20,630,212
RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Turnover and other revenue
(Continued)
- 15 -
2025
2024
£
£
Other revenue
Interest income
11,573
40,034
4
Exceptional item
2025
2024
£
£
Income
Surrender / reinstatement of lease at 13 / 15 East Market
612,500
2,000,000

Reinstatement / surrender of lease

The income receivable under the surrender of lease are funds received in advance of the disposal of the lease at 13/15 East Market, Smithfield, London, EC1A 9PQ. The whole market is being moved to a different area and Corporation of London is buying back the lease.

5
Operating (loss)/profit
2025
2024
Operating (loss)/profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
15,750
16,000
Depreciation of owned tangible fixed assets
5,806
9,534
Operating lease charges
146,705
143,263
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Employees
11
15

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
428,620
578,495
Social security costs
32,796
60,348
Pension costs
8,469
11,513
469,885
650,356
RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
7
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
12,000
12,331
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
11,573
40,034
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
11,573
40,034
9
Interest payable and similar expenses
2025
2024
£
£
Other finance costs
Other interest
6,798
41,188
10
Taxation
2025
2024
£
£
Current tax
Adjustments in respect of prior periods
-
0
(123,942)
Deferred tax
Origination and reversal of timing differences
(511)
(12,524)
Total tax credit
(511)
(136,466)
RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10
Taxation
(Continued)
- 17 -

The actual credit for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
(Loss)/profit before taxation
(1,054,579)
1,334,201
Expected tax (credit)/charge based on the standard rate of corporation tax in the UK of 25% (2024: 25%)
(263,645)
333,550
Effects of:
Expenses that are not deductible in determining taxable profit
50
2,012
Income not taxable in determining taxable profit
-
0
(500,000)
Unutilised tax losses carried forward
263,123
-
0
Change in corporation tax rate
-
0
39,139
Permanent capital allowances in excess of depreciation
-
0
1,520
Pension movement
(39)
(163)
Deferred tax adjustment
-
0
(12,524)
Taxation credit in the financial statements
(511)
(136,466)
11
Dividends
2025
2024
£
£
Interim paid
30,000
73,500
12
Tangible fixed assets
Short leasehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
2,000,000
143,655
138,695
128,950
2,411,300
Additions
-
0
-
0
3,660
-
0
3,660
At 31 March 2025
2,000,000
143,655
142,355
128,950
2,414,960
Depreciation and impairment
At 1 April 2024
-
0
143,562
135,449
113,253
392,264
Depreciation charged in the year
-
0
93
1,789
3,924
5,806
At 31 March 2025
-
0
143,655
137,238
117,177
398,070
RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12
Tangible fixed assets
Short leasehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
(Continued)
- 18 -
Carrying amount
At 31 March 2025
2,000,000
-
0
5,117
11,773
2,016,890
At 31 March 2024
2,000,000
93
3,246
15,697
2,019,036
13
Stocks
2025
2024
£
£
Raw materials and consumables
97,065
62,800
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,201,153
4,193,253
Corporation tax recoverable
117,662
123,942
Other debtors
82,877
402,913
Prepayments and accrued income
19,179
19,179
3,420,871
4,739,287
15
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,982,248
3,264,818
Corporation tax
-
0
359,052
Other taxation and social security
123,077
-
0
Other creditors
70,356
11,094
Accruals and deferred income
46,802
27,217
2,222,483
3,662,181
RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
4,108
4,619
2025
Movements in the year:
£
Liability at 1 April 2024
4,619
Credit to profit or loss
(511)
Liability at 31 March 2025
4,108

17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
8,469
11,513

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

18
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100,030
100,030
100,030
100,030
19
Directors' transactions

At the year end, included in other creditors is an amount of £64,611 (2024: £325,389 - other debtors) due to the director of the company.

20
Ultimate controlling party

The ultimate controlling party is the director Mr T A Green, by virtue of his majority shareholding in the company.

RHONDA MEATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
21
Cash (absorbed by)/generated from operations
2025
2024
£
£
(Loss)/profit after taxation
(1,054,068)
1,470,667
Adjustments for:
Taxation credited
(511)
(136,466)
Finance costs
6,798
41,188
Investment income
(11,573)
(40,034)
Non-operating income treated as investing activity
-
0
(2,000,000)
Depreciation and impairment of tangible fixed assets
5,806
9,534
Movements in working capital:
(Increase)/decrease in stocks
(34,265)
44,987
Decrease in debtors
986,747
2,646,349
Decrease in creditors
(1,080,646)
(432,401)
Cash (absorbed by)/generated from operations
(1,181,712)
1,603,824
22
Analysis of changes in net funds
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
1,571,903
(1,237,980)
333,923
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