Company No: 15498142 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.11.2025		30.11.2024
		£		£
Fixed assets
Tangible assets	3	530,395		0
		530,395		0
Current assets
Debtors	4	1,397,106		2
Cash at bank and in hand		59,331		8,237
		1,456,437		8,239
Creditors: amounts falling due within one year	5	( 1,444,319)		( 11,296)
Net current assets/(liabilities)		12,118		(3,057)
Total assets less current liabilities		542,513		(3,057)
Net assets/(liabilities)		542,513		( 3,057)
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		542,413		( 3,157 )
Total shareholders' funds/(deficit)		542,513		( 3,057)

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Richland Foods Limited (registered number: 15498142) were approved and authorised for issue by the Board of Directors on 01 July 2026. They were signed on its behalf by:

Greville Nicholas Richards Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Richland Foods Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sithney House Merther Close, Sithney, Helston, TR13 0RW, United Kingdom. The principal place of business is Lambo, Fraddam Road, Leedstown, Hayle, Cornwall, TR27 5PF.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The company incorporated on 17 February 2024 and subsequently shortened the financial period end to be 30 November 2024, to align the financial period end with other connected companies. The comparatives, therefore, cover a period of 9 months and 11 days.

The current financial period, reported in these financial statements, is for 12 months to 30 November 2025, within which trade significantly increased as they commenced trading on 1 December 2024.

The comparatives include minimal activity and cover a period less than 12 months and therefore are not comparable with the current period.

Turnover

Revenue from the provision of services is recognised when the service has been delivered to the customer, the amount of revenue 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.

Revenue is stated net of VAT and trade discounts.

Employee benefits

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

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

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Year ended 30.11.2025		Period from 17.02.2024 to 30.11.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	182		2

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 December 2024	0		0
Additions	618,421		618,421
At 30 November 2025	618,421		618,421
Accumulated depreciation
At 01 December 2024	0		0
Charge for the financial year	88,026		88,026
At 30 November 2025	88,026		88,026
Net book value
At 30 November 2025	530,395		530,395
At 30 November 2024	0		0

4. Debtors

	30.11.2025		30.11.2024
	£		£
Amounts owed by related parties	1,198,989		0
Other debtors	198,117		2
	1,397,106		2

5. Creditors: amounts falling due within one year

	30.11.2025		30.11.2024
	£		£
Trade creditors	249,899		0
Amounts owed to Group undertakings	9,449		9,902
Accruals	67,425		1,394
Deferred tax liability	20,936		0
Taxation and social security	886,692		0
Other creditors	209,918		0
	1,444,319		11,296

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

	30.11.2025		30.11.2024
	£		£
Allotted, called-up and fully-paid
98 A ordinary shares of £ 1.00 each	98		98
2 B ordinary shares of £ 1.00 each	2		2
	100		100

Upon incorporation, on 17 February 2024, the company issued 98 Ordinary A £1 shares and 2 Ordinary B £1 shares at par.

7. Related party transactions

Transactions with owners holding a participating interest in the entity

	30.11.2025		30.11.2024
	£		£
Amounts owed to parent company (creditor)	(9,449)		(9,902)

Other related party transactions

	30.11.2025		30.11.2024
	£		£
Amounts owed by related party	1,198,989		0