REGISTERED NUMBER: 08422860 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FOREST POULTRY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J H Shepherd

REGISTERED OFFICE:

Thornhill Farm

Thirsk Road

Easingwold

York

YO61 3ND

REGISTERED NUMBER:

08422860 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

1,403,908

1,524,873

CURRENT ASSETS

Inventories

786,208

1,057,342

Debtors

5

2,809,196

1,630,781

Cash at bank

104,483

161,335

3,699,887

2,849,458

CREDITORS

Amounts falling due within one year

6

2,705,303

3,048,151

NET CURRENT ASSETS/(LIABILITIES)

994,584

(198,693

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,398,492

1,326,180

PROVISIONS FOR LIABILITIES

350,977

209,643

NET ASSETS

2,047,515

1,116,537

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,047,415

1,116,437

SHAREHOLDERS' FUNDS

2,047,515

1,116,537

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 director and authorised for issue on 27 April 2026 and were signed by:

Mr J H Shepherd - Director

1.	STATUTORY INFORMATION

Forest Poultry 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The company has a net asset position and a healthy bank position and the director is satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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.

Significant judgements and estimates

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

The management consider that no significant judgements have had to made in preparing these financial statements.

Critical accounting estimates and assumptions

Useful economic lives and residual values of tangible assets - The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The assumptions used regarding useful economic lives and residual values are assessed annually. They are amended when necessary to reflect current estimates, based on market conditions and the physical condition of the assets.

The management do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue

Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment

Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

Plant and machinery

- 15% on reducing balance

Motor vehicles

- 20% on reducing balance

Computer equipment

- 25% on cost

Fixtures and fittings

- 20% on cost

Inventories

Biological assets, agricultural produce and other inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits

Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

Other operating income

Above the line research and development credits are included as other operating income to the extent that they are expected to be repayable in the future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

2,764,485

-

109,757

2,844

2,877,086

Additions

129,934

1,016

22,200

2,520

155,670

Disposals

(5,000

)

-

(59,090

)

-

(64,090

)

At 30 September 2025

2,889,419

1,016

72,867

5,364

2,968,666

DEPRECIATION

At 1 October 2024

1,302,101

-

48,128

1,984

1,352,213

Charge for year

229,162

34

6,807

682

236,685

Eliminated on disposal

(2,868

)

-

(21,272

)

-

(24,140

)

At 30 September 2025

1,528,395

34

33,663

2,666

1,564,758

NET BOOK VALUE

At 30 September 2025

1,361,024

982

39,204

2,698

1,403,908

At 30 September 2024

1,462,384

-

61,629

860

1,524,873

The net book value of property, plant and equipment includes £ 35,794 in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,863,541

1,321,599

Amounts owed by group undertakings

366,822

-

Other debtors

578,833

309,182

2,809,196

1,630,781

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 7)

18,675

-

Trade creditors

2,413,562

2,431,468

Amounts owed to group undertakings

-

472,818

Taxation and social security

13,694

5,368

Other creditors

259,372

138,497

2,705,303

3,048,151

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

18,675

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

682,145

666,984

Between one and five years

-

677,591

682,145

1,344,575

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

18,675

-

Hire purchase liabilities are secured on the underlying assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A

£1

100

100

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

The Report of the Auditors was unqualified.

Steven Aitken BSc ACA CTA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie Watson Limited

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £29,562 (2024 - £3,646). Amounts payable to the scheme at the reporting date were £1,829 (2024 - £722).

12.	CONTINGENT LIABILITIES

This company has given a guarantee to its bankers in respect of group borrowings of its parent company. Security given includes a fixed and floating charge over the whole assets of the company.

13.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

-

55,500

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors operate a loan account with the company which is repayable on demand. The following advances and credits subsisted during the years ended 2025 and 2024:

2025

2024

£

£

Balance outstanding at start of year

-

56,310

Amounts advanced

479,426

456,187

Amounts repaid

(479,426

)

(512,497

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest has been charged at the HMRC beneficial loan rate whilst overdrawn.

15.	RELATED PARTY DISCLOSURES

The Company is a wholly owned subsidiary of FP Holdings 2019 Ltd. The company has taken advantage of the exemption in FRS 102 Section 33.1A from disclosing transactions with members or investees of the group.

Included within other debtors are £nil (2024 - £nil) relating to a directors' loan account, which is repayable on demand. Interest is charged at HMRC beneficial loan rate whilst overdrawn. The total interest receivable in relation to the loan is £1,604 (2024 - £1,894).

The director, who has authority and responsibility for planning, directing and controlling the activities of the company is considered to be key management personnel. Their total remuneration is shown in note 4 of the financial statements.

16.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J H Shepherd.

The company is a wholly owned subsidiary of FP Holdings 2019 Ltd.

The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is FP Holdings 2019 Ltd of Unit 7-8 Manor Court, Eastfield, Scarborough, YO11 3TU.