File

Registration number: 01511006

Kelly Turkey Farms Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Kelly Turkey Farms Limited

Company Information

Directors

P A Kelly

Registered office

Springate Farm Bicknacre Road Danbury Essex CM3 4EP

Bankers

HSBC Bank plc 72 High Street Maldon Essex CM9 7ET

Accountants

Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Kelly Turkey Farms Limited

(Registration number: 01511006)
Balance Sheet as at 31 October 2025

	Note	31 October 2025 £	31 October 2024 £
Fixed assets
Tangible assets	4	919,801	1,483,151
Investments	5	39	39
Other financial assets	6	85,000	85,000
		1,004,840	1,568,190
Current assets
Stocks	7	3,318,264	3,286,757
Debtors	8	2,604,470	4,295,227
Cash at bank and in hand		184,497	1,556
		6,107,231	7,583,540
Creditors: Amounts falling due within one year	9	(2,793,829)	(4,836,847)
Net current assets		3,313,402	2,746,693
Total assets less current liabilities		4,318,242	4,314,883
Provisions for liabilities		(245,819)	(176,245)
Net assets		4,072,423	4,138,638
Capital and reserves
Called up share capital	10	2,000	2,000
Retained earnings		4,070,423	4,136,638
Shareholders' funds		4,072,423	4,138,638

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Kelly Turkey Farms Limited

(Registration number: 01511006)
Balance Sheet as at 31 October 2025 (continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2026
 

P A Kelly
Director

Kelly Turkey Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and principal place of business is: Springate Farm, Bicknacre Road, Danbury, Essex, CM3 4EP.

These financial statements were authorised for issue by the director on 29 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Group accounts not prepared

The company is part of a small group. The Company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of the rearing, fattening and marketing of turkeys to customers. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Kelly Turkey Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance and straight line method
Motor vehicles	20% reducing balance method
Land and buildings	20% straight line method

Investments

Other fixed asset investments where fair value cannot be measured reliably are measured at cost less impairment, and are reviewed for impairment annually.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for the rearing, fattening and marketing of turkeys in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Kelly Turkey Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are paid.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Kelly Turkey Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	280,365	135,527	4,081,457	4,497,349
Additions	-	12,450	141,543	153,993
Disposals	-	(41,036)	(47,865)	(88,901)
At 31 October 2025	280,365	106,941	4,175,135	4,562,441
Depreciation
At 1 November 2024	176,866	73,354	2,763,978	3,014,198
Charge for the year	38,813	13,313	597,761	649,887
Eliminated on disposal	-	(9,849)	(11,596)	(21,445)
At 31 October 2025	215,679	76,818	3,350,143	3,642,640
Carrying amount
At 31 October 2025	64,686	30,123	824,992	919,801
At 31 October 2024	103,499	62,173	1,317,479	1,483,151

5	Investments

	31 October 2025 £	31 October 2024 £
Investments in subsidiaries	39	39