REGISTERED NUMBER: 04593926 (England and Wales)

THE PRICE WHITEHEAD COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

B G Whitehead BSc(Hons) MRAC

Mrs H N Whitehead DipREM MRAC MRICS

SECRETARY:

B G Whitehead BSc(Hons) MRAC

REGISTERED OFFICE:

The Oast Forstal Farm

Appledore Road

Tenterden

Kent

TN30 7DF

REGISTERED NUMBER:

04593926 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

4

141,246

150,983

CURRENT ASSETS

Stocks

72,290

72,183

Debtors

5

27,914

26,558

Cash at bank and in hand

15,295

14,555

115,499

113,296

CREDITORS

Amounts falling due within one year

6

196,504

176,791

NET CURRENT LIABILITIES

(81,005

)

(63,495

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,241

87,488

CREDITORS

Amounts falling due after more than one year

7

(53,174

)

(65,428

)

PROVISIONS FOR LIABILITIES

(13,374

)

(10,174

)

NET (LIABILITIES)/ASSETS

(6,307

)

11,886

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(6,309

)

11,884

SHAREHOLDERS' FUNDS

(6,307

)

11,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

B G Whitehead BSc(Hons) MRAC - Director

1.	STATUTORY INFORMATION

The Price Whitehead Company 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.

The directors believes it is appropriate to prepare the financial statements on a going concern basis as the company will continue in operational existence for the foreseeable future and is anticipated to return profits in future years.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

at varying rates on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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 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.

Eu agricultural support schemes

Payments received under EU agricultural support schemes are recognised as income when the business has met all criteria which entitle it to the payments.

No provision has been made for penalties arising for the failure to comply with "cross compliance" conditions, as defined by the RPA, except for where notification has been received.

Grant income recognition

Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2024

183,260

63,943

22,602

10,495

280,300

Additions

-

-

680

-

680

At 30 November 2025

183,260

63,943

23,282

10,495

280,980

DEPRECIATION

At 1 December 2024

45,270

57,054

16,632

10,361

129,317

Charge for year

7,331

1,723

1,330

33

10,417

At 30 November 2025

52,601

58,777

17,962

10,394

139,734

NET BOOK VALUE

At 30 November 2025

130,659

5,166

5,320

101

141,246

At 30 November 2024

137,990

6,889

5,970

134

150,983

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,441

12,397

Other debtors

10,473

14,161

27,914

26,558

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

52,070

57,937

Trade creditors

32,697

30,175

Taxation and social security

60,484

35,565

Other creditors

51,253

53,114

196,504

176,791

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

53,174

65,428

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,231

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1

2

2