Registered number: 09787847
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
CEDAR FOODS LIMITED
CONTENTS
CEDAR FOODS LIMITED
COMPANY INFORMATION
Page 1
CEDAR FOODS LIMITED
DIRECTORS' REPORT
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
The Directors present their report and the financial statements for the 10 month period ended 31 December 2025.
The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the Directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the 10 month period, after taxation, amounted to £189,381 (February 2025 - £47,671).
No dividends (February 2025 - £Nil) or transfers to reserves are recommended by the Directors.
The Directors who served during the 10 month period were:
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CEDAR FOODS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
The Directors do not expect any significant changes to the business at this time.
There have been no significant events affecting the Company since the period end.
The auditors, Forvis Mazars, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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CEDAR FOODS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEDAR FOODS LIMITED
We have audited the financial statements of Cedar Foods Limited (the 'Company') for the 10 month period ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Section 1A ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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CEDAR FOODS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEDAR FOODS LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Directors' Report for the financial 10 month period for which the financial statements are prepared is consistent with the financial statements; and
∙the Directors' Report has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
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CEDAR FOODS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEDAR FOODS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the company and its industry, we identified that the principal risks of non-compliance with laws and regulations related to the UK tax legislation, pensions legislation, employment regulation and health and safety regulation, anti-bribery, corruption and fraud, and money laundering and we considered the extent to which non-compliance might have a material effect on the financial statements, such as the Companies Act 2006
We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006.
We evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions.
Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:
• Discussing with the directors and management their policies and procedures regarding compliance with laws and regulations;
• Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and
• Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.
Our audit procedures in relation to fraud included but were not limited to:
• Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;
• Gaining an understanding of the internal controls established to mitigate risks related to fraud;
• Discussing amongst the engagement team the risks of fraud; and
• Addressing the risks of fraud through management override of controls by performing journal entry testing.
There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.
We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006.
We evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions.
Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:
• Discussing with the directors and management their policies and procedures regarding compliance with laws and regulations;
• Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and
• Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.
Our audit procedures in relation to fraud included but were not limited to:
• Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;
• Gaining an understanding of the internal controls established to mitigate risks related to fraud;
• Discussing amongst the engagement team the risks of fraud; and
• Addressing the risks of fraud through management override of controls by performing journal entry testing.
There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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CEDAR FOODS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEDAR FOODS LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants and Statutory Audit Firm
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CEDAR FOODS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
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CEDAR FOODS LIMITED
REGISTERED NUMBER: 09787847
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 11 to 16 form part of these financial statements.
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CEDAR FOODS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
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CEDAR FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
The Company is limited by shares and incorporated in the United Kingdom, having its registered office at the Snackhouse St. Georges Park, Kirkham, Preston, PR4 2DZ. The Company's registered number is 09787847. The principal activity of the Company is to provide land and buildings to fellow group companies in exchange for rental income.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
Rental income is recognised in profit or loss on a straight-line basis over the term of the lease. Where the rental income is received in advance or in arrears, appropriate accruals or deferrals are recognised in the financial statements to ensure that income is matched to the period to which it relates.
The Company does not earn revenue from the sale of goods or provision of services.
Tangible assets are stated in the Statement of Financial Position using the revaluation method.
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CEDAR FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Functional and presentation currency
Transactions and balances
Assuming all conditions relating to the grants are met, grants are released to revenue on a systematic basis over the periods in which the Company recognise the related costs for which the grant is intended to compensate. Where part of the grant is deferred, it is recognised as deferred income and not deducted from the carrying amount of any assets funded.
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CEDAR FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Kepak Holdings Group ("the Group") applies the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar 2 income taxes, as provided in the amendments to FRS 102.
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CEDAR FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
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CEDAR FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
7.Debtors: amounts falling due within one year (continued)
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CEDAR FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTH PERIOD ENDED 31 DECEMBER 2025
These financial statements are for the period from 1 March 2025 to 31 December 2025. The comparative financial statements are for the year ended 28 February 2025. The Company's year end was changed to align with its parent company.
The Company's parent is Kepak Kirkham Limited; the ultimate holding company is Kingate Investments Unlimited, an unlimited company incorporated in the Isle of Man. The Company's financial statements are included in the consolidated financial statements of Kepak Group Limited, the UK parent of Kepak Kirkham Limited.
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