Company No: 05762004 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	220,103		219,350
		220,103		219,350
Current assets
Stocks	4, 5	279,891		296,718
Debtors	6	126,795		406,192
Cash at bank and in hand		175,811		97,700
		582,497		800,610
Creditors: amounts falling due within one year	7	( 738,458)		( 343,331)
Net current (liabilities)/assets		(155,961)		457,279
Total assets less current liabilities		64,142		676,629
Provision for liabilities		( 45,485)		( 44,688)
Net assets		18,657		631,941
Capital and reserves
Called-up share capital		2		2
Profit and loss account		18,655		631,939
Total shareholder's funds		18,657		631,941

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Perdon Organics Limited (registered number: 05762004) were approved and authorised for issue by the Board of Directors on 26 August 2026. They were signed on its behalf by:

Mr C J Labdon Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Perdon Organics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
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.

Turnover

Turnover represents the amount receivable for sales of processed poultry net of VAT and trade discounts, the receipt of government grants and rental income. Turnover is recognised when poultry is physically moved from the site for processed poultry, and in the period to which the government grant and rental receipts relates to.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Biological assets

Biological current assets not held for continuing use within the business are classified as current assets, within stock. Such assets are measured at cost less accumulated impairment. Assets within this classification are broilers, which are held as livestock under note 5 of the accounts.

Stocks

Livestock is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Other stocks comprising packaging material is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		24

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 April 2025	260,480		105,563		366,043
Additions	8,715		39,688		48,403
At 31 March 2026	269,195		145,251		414,446
Accumulated depreciation
At 01 April 2025	98,083		48,610		146,693
Charge for the financial year	30,104		17,546		47,650
At 31 March 2026	128,187		66,156		194,343
Net book value
At 31 March 2026	141,008		79,095		220,103
At 31 March 2025	162,397		56,953		219,350

4. Stocks

	2026		2025
	£		£
Livestock	249,891		266,718
Other stock	30,000		30,000
	279,891		296,718

Included within livestock are current biological assets as detailed in note 5.

5. Current biological assets

Assets held at cost:

	Poultry		Total
	£		£
Cost
At 01 April 2025	266,718		266,718
Decrease attributable to sales/ transfers out	(16,827)		(16,827)
At 31 March 2026	249,891		249,891

6. Debtors

	2026		2025
	£		£
Trade debtors	94,881		109,329
Amounts owed by Parent undertakings	0		272,196
Other debtors	31,914		24,667
	126,795		406,192

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	209,982		185,354
Amounts owed to Parent undertakings	321,296		0
Taxation and social security	135,715		124,693
Obligations under finance leases and hire purchase contracts (secured)	14,912		11,899
Other creditors	56,553		21,385
	738,458		343,331

Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.