Company registration number 02520332 (England and Wales)
HFP FOODS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HFP FOODS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
HFP FOODS LIMITED
BALANCE SHEET
As At 31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
162,533
178,532
Investments
5
239,500
239,500
402,033
418,032
Current assets
Debtors
6
998,966
1,203,105
Cash at bank and in hand
954,042
527,147
1,953,008
1,730,252
Creditors: amounts falling due within one year
7
(1,333,369)
(1,295,220)
Net current assets
619,639
435,032
Total assets less current liabilities
1,021,672
853,064
Provisions for liabilities
(12,863)
(15,873)
Net assets
1,008,809
837,191
Capital and reserves
Called up share capital
10,000
10,000
Capital redemption reserve
20
20
Profit and loss reserves
998,789
827,171
Total equity
1,008,809
837,191

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 and signed by the director and authorised for issue on 7 August 2026
Mr J P Browning
Director
Company registration number 02520332 (England and Wales)
HFP FOODS LIMITED
STATEMENT OF CHANGES IN EQUITY
For The Year Ended 31 December 2025
- 2 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2024
10,000
20
743,859
753,879
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
147,312
147,312
Dividends
-
-
(64,000)
(64,000)
Balance at 31 December 2024
10,000
20
827,171
837,191
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
240,618
240,618
Dividends
-
-
(69,000)
(69,000)
Balance at 31 December 2025
10,000
20
998,789
1,008,809
HFP FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2025
- 3 -
1
Accounting policies
Company information

HFP Foods Limited is a private company limited by shares incorporated in England and Wales. The registered office is Betton Mill, Betton Road, Market Drayton, Shropshire, United Kingdom, TF9 1HH.

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

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 represents the net invoice value of goods sold and services provided, excluding value added tax.

Revenue from sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods.

Rental income is accrued on a time basis, by reference to the agreements entered.

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:

Freehold land and buildings
2% on cost
Fixtures and fittings
20% on cost
Motor vehicles
25% on reducing balance

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

HFP FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 December 2025
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

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.

1.8
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.

1.9

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2
Judgements and key sources of estimation uncertainty

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

In the opinion of the director, no judgements or estimates have been made in the preparation of these financial statements.

HFP FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 December 2025
- 5 -
3
Employees

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

2025
2024
Number
Number
Total
3
3
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
171,974
148,902
320,876
Additions
-
0
4,015
4,015
At 31 December 2025
171,974
152,917
324,891
Depreciation and impairment
At 1 January 2025
57,808
84,536
142,344
Depreciation charged in the year
3,420
16,594
20,014
At 31 December 2025
61,228
101,130
162,358
Carrying amount
At 31 December 2025
110,746
51,787
162,533
At 31 December 2024
114,166
64,366
178,532
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
239,500
239,500
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
988,486
1,197,020
Other debtors
10,480
6,085
998,966
1,203,105
HFP FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 December 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,200,052
1,197,765
Corporation tax
84,693
65,243
Other taxation and social security
2,575
2,227
Other creditors
36,453
22,439
Accruals and deferred income
9,596
7,546
1,333,369
1,295,220
8
Secured debts

National Westminster Bank plc holds a debenture over all current and future assets of the company.

9
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:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit 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:
Jane Dennis BA (Hons) FCA
Statutory Auditor:
Fairhurst Audit Services Ltd
Date of audit report:
7 August 2026
10
Parent company

The controlling party is HFP 2012 Limited.

The ultimate controlling party is J P Browning.

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