Company registration number 09215020 (England and Wales)
THE FLITCH OF BACON LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
THE FLITCH OF BACON LTD
COMPANY INFORMATION
Director
Mr R L C Morgan
Company number
09215020
Registered office
Unit 20
Ongar Business Centre
The Gables
Ongar
Essex
England
CM5 0GA
Auditor
Xeinadin Audit Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
England
CM12 0EQ
Accountants
Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
THE FLITCH OF BACON LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
THE FLITCH OF BACON LTD
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
705,826
735,847
Current assets
Stocks
4
25,528
27,879
Debtors
5
73,041
70,440
Cash at bank and in hand
11,240
5,976
109,809
104,295
Creditors: amounts falling due within one year
6
(1,855,184)
(1,707,731)
Net current liabilities
(1,745,375)
(1,603,436)
Net liabilities
(1,039,549)
(867,589)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(1,039,649)
(867,689)
Total equity
(1,039,549)
(867,589)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 July 2026 and are signed on its behalf by:
Mr R L C Morgan
Director
Company registration number 09215020 (England and Wales)
THE FLITCH OF BACON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

The Flitch Of Bacon Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 20, Ongar Business Centre, The Gables, Ongar, Essex, England, CM5 0GA.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The Company at year end had net liabilities of £1,002,106 (2023: £867,589).

The Company is dependent on its parent company, Crown Holdings Limited, for its working capital requirements. The parent company will not seek repayment of any advances it makes for a period of at least 12 months from the date of signing of the financial statements to the extent that such support is required to enable the Company to meet its liabilities as they fall due.

The directors therefore believe that it remains appropriate to prepare the financial statements on the going concern basis and accordingly they do not include any adjustments that would result from the basis of preparation being inappropriate.

1.3
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

• the Company has transferred the significant risks and rewards of ownership to the buyer;

• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective

control over the goods sold;

• the amount of revenue can be measured reliably;

• it is probable that the Company will receive the consideration due under the transaction; and

• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the

stage of completion of the contract when all of the following conditions are satisfied:

• the amount of revenue can be measured reliably;

• it is probable that the Company will receive the consideration due under the contract;

• the stage of completion of the contract at the end of the reporting period can be measured reliably; and

• the costs incurred and the costs to complete the contract can be measured reliably.

THE FLITCH OF BACON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
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:

Leasehold land and buildings
2% straight line
Fixtures and fittings
20% straight line

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.

1.5
Stocks

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

1.6
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.

1.7
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.

1.8
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.

THE FLITCH OF BACON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

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

2
Employees

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

2024
2023
Number
Number
Total
14
25
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023 and 31 July 2024
830,282
781,780
1,612,062
Depreciation and impairment
At 1 August 2023
120,846
755,369
876,215
Depreciation charged in the year
22,187
7,834
30,021
At 31 July 2024
143,033
763,203
906,236
Carrying amount
At 31 July 2024
687,249
18,577
705,826
At 31 July 2023
709,436
26,411
735,847
THE FLITCH OF BACON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
4
Stocks
2024
2023
£
£
Stocks
25,528
27,879
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,682
Other debtors
16,766
12,483
16,766
14,165
Deferred tax asset
56,275
56,275
73,041
70,440
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
66,958
39,457
Amounts owed to group undertakings
1,650,164
1,598,744
Taxation and social security
3,034
9,813
Other creditors
135,028
59,717
1,855,184
1,707,731
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

THE FLITCH OF BACON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
8
Audit report information
(Continued)
- 6 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 July 2024 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.

Senior Statutory Auditor:
Jeffrey Stanley BSc(Econ) FCA
Statutory Auditor:
Xeinadin Audit Limited
Date of audit report:
21 July 2026
9
Parent company

The immediate and ultimate parent undertaking is Crown Holdings Limited, a company incorporated in England and Wales, which holds 75% of the Company's issued share capital. The consolidated financial statements of Crown Holdings Limited are available from the company's registered office.

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