Penrhos Poultry Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08853436 (England and Wales)

Penrhos Poultry Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

RJ Williams

SA Williams

BJ Williams

TD Williams

REGISTERED OFFICE:

Penrhos Farm

Lyonshall

Kington

Herefordshire

HR5 3LH

REGISTERED NUMBER:

08853436 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penrhos Poultry Ltd for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Penrhos Poultry Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penrhos Poultry Ltd and state those matters that we have agreed to state to the Board of Directors of Penrhos Poultry Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penrhos Poultry Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Penrhos Poultry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Penrhos Poultry Ltd. You consider that Penrhos Poultry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penrhos Poultry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

15 May 2026

FIXED ASSETS

Tangible assets

4

3,130,803

3,276,655

Investments

5

3,973,117

-

Investment property

6

470,000

7,573,920

3,746,655

CURRENT ASSETS

Stocks

26,675

379,031

Debtors

7

527,405

94,909

Cash at bank

207,125

643,369

761,205

1,117,309

CREDITORS

Amounts falling due within one year

8

846,654

744,644

NET CURRENT (LIABILITIES)/ASSETS

(85,449

)

372,665

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,488,471

4,119,320

CREDITORS

Amounts falling due after more than one
year

9

(3,329,990

)

(1,098,060

)

PROVISIONS FOR LIABILITIES

11

(160,168

)

(172,496

)

NET ASSETS

3,998,313

2,848,764

CAPITAL AND RESERVES

Allotted, issued and fully paid share capital

1,000

Retained earnings

3,997,313

2,847,764

SHAREHOLDERS' FUNDS

3,998,313

2,848,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

RJ Williams - Director

1.	STATUTORY INFORMATION

Penrhos Poultry Ltd is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office 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 as modified by the revaluation of certain assets.

The directors are confident that the company will continue to trade profitably in future and will be able to trade within its agreed finance facilities for the next 12 months. They have also confirmed that they will not withdraw their loan accounts to the detriment of other creditors within this period. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Penrhos Poultry Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents chicken sales stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from services is recognised in the accounting periods in which the services are rendered.

The following criteria must be met before revenue is recognised:

Broiler sales are recognised when the chickens are collected from the farm.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

4% on cost

Plant and machinery

-

10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

The company has biological assets included within stock. The biological assets of the company are poultry and these are valued at cost. These have not been depreciated as they have a useful life of less than one year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

Totals

£

COST

At 1 January 2025

1,296,154

1,659,883

2,210,813

5,166,850

Additions

-

14,810

At 31 December 2025

1,296,154

1,659,883

2,225,623

5,181,660

DEPRECIATION

At 1 January 2025

-

607,242

1,282,953

1,890,195

Charge for year

-

66,395

94,267

160,662

At 31 December 2025

-

673,637

1,377,220

2,050,857

NET BOOK VALUE

At 31 December 2025

1,296,154

986,246

848,403

3,130,803

At 31 December 2024

1,296,154

1,052,641

927,860

3,276,655

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

3,973,117

At 31 December 2025

3,973,117

NET BOOK VALUE

At 31 December 2025

3,973,117

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

470,000

NET BOOK VALUE

At 31 December 2025

470,000

At 31 December 2024

470,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2024

470,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

281,979

26,023

Intercompany loans

35,000

Amounts owed by group undertakings

191,254

-

VAT

7,125

22,620

Prepayments and accrued income

12,047

11,266

527,405

94,909

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

295,000

101,000

Trade creditors

115,728

460,233

Tax

333,732

165,093

Accruals and deferred income

102,194

18,318

846,654

744,644

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

310,000

102,000

Bank loans - 2-5 years

922,115

312,000

Bank loans more than 5 years by instalments

1,491,856

75,446

Intercompany loans

450,000

Directors' loan accounts

132,662

Accruals and deferred income

23,357

25,952

3,329,990

1,098,060

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalments

1,491,856

75,446

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

3,018,971

590,446

The loans are secured against 178 acres of land and buildings at Penrhos Farm and Heath Farm which are owned by the directors. The bank also has a fixed and floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

160,283

172,496

Other timing differences

(115

)

-

160,168

172,496

Deferred

tax

£

Balance at 1 January 2025

172,496

Provided during year

(12,328

)

Balance at 31 December 2025

160,168

12.	RELATED PARTY DISCLOSURES

Penrhos Poultry Ltd made an interest free loan of £110,000 in 2017 to a company of which is one of the directors has an interest. No repayments have been made in during the year (2024: £Nil). The balance at the year end is £35,000 (2024: £35,000). This is repayable on demand.

During the previous year Penrhos Poultry Ltd borrowed £450,000 from another company which is controlled by two of the directors. This loan is due after one year and is interest free. No repayments have been made during the year (2024: £Nil). The balance at the year end is £450,000 (2024: £450,000).

Penrhos Poultry Ltd has a trade creditor balance of £17,856 (2024: £23,112) owed to a partnership of which three of the directors are partners. There is also a debtor balance of £693 (2024: £1,893) owed to Penrhos Poultry Ltd.

The directors loan accounts are interest free and unsecured.

During the year the company acquired its subsidiary. Included in debtors is £191,254 due from the subsidiary. This loan is interest free and repayable on demand.