Registration number: 01602359

Mundford Poultry Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

Mundford Poultry Limited

(Registration number: 01602359)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed Assets
Tangible Assets	5	5,872,866	5,613,516
Current assets
Debtors	7	331,963	278,906
Other financial assets	6	775,310	887,427
Cash at bank and in hand		12,480	436,854
		1,119,753	1,603,187
Creditors: Amounts falling due within one year	12	(389,409)	(304,656)
Net current assets		730,344	1,298,531
Total assets less current liabilities		6,603,210	6,912,047
Creditors: Amounts falling due after more than one year	12	(5,626,030)	(5,873,034)
Provisions for liabilities		(121,307)	(179,650)
Net assets		855,873	859,363
Capital and Reserves
Called up share capital		2	2
Retained Earnings		855,871	859,361
Shareholders' funds		855,873	859,363

For the financial year ending 31 January 2026 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 October 2026
 

......................................... D R Parker Director

Mundford Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

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

The address of its registered office is:
Ilketshall Hall,
Ilketshall St Lawrence,
Beccles
Suffolk
NR34 8NH
United Kingdom

These financial statements were authorised for issue by the director on 8 October 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

Mundford Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	Poultry houses 30 years straight line and poultry infrastructure 50 years straight line
Plant & Machinery	Straight line over 25 years and 15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

All borrowing costs are recognised in the profit or loss in the period in which they are incurred.

Mundford Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 6 (2025 - 6).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	256,409	254,547

5	Tangible Assets

	Land and buildings £	Assets under construction  £	Other tangible assets £	Total £
Cost
At 1 February 2025	6,293,878	183,833	2,098,081	8,575,792
Additions	354,355	161,404	-	515,759
At 31 January 2026	6,648,233	345,237	2,098,081	9,091,551
Depreciation
At 1 February 2025	2,157,468	-	804,808	2,962,276
Charge for the year	181,921	-	74,488	256,409
At 31 January 2026	2,339,389	-	879,296	3,218,685
Carrying amount
At 31 January 2026	4,308,844	345,237	1,218,785	5,872,866
At 31 January 2025	4,136,410	183,833	1,293,273	5,613,516

Included within the net book value of land and buildings above is £4,308,844 (2025 - £4,136,411) in respect of freehold land and buildings.
 

Mundford Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Current financial assets
Cost
At 1 February 2025	441,606	441,606
At 31 January 2026	441,606	441,606
Fair value adjustment
At 1 February 2025	445,821	445,821
Fair value adjustment in the period	(112,117)	(112,117)
At 31 January 2026	333,704	333,704
Carrying amount
At 31 January 2026	775,310	775,310
At 31 January 2025	887,427	887,427

7

Debtors

Current	Note	2026 £	2025 £
Trade Debtors		129,269	34,848
Amounts owed by related parties	9	188,000	225,000
Prepayments		7,812	7,834
Other debtors		6,882	11,224
		331,963	278,906

Mundford Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	5,626,030	5,873,034

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	221,190	177,062

Bank borrowings

The aggregate value of the loans at year end is £5,847,220 (2025 - £6,050,096). In November 2022 the business loans were consolidated into a single bank loan secured by a first legal mortgage over the Mundford Poultry land and buildings; a debenture comprising fixed and floating charges over all the assets of the company; a personal guarantee of £60,000 given by DR Parker to secure all liabilities of the company; and a reciprocal guarantee given by the company and St Lawrence Hall Farms Ltd to secure the liabilities of each other.

Mundford Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

9	Related party transactions

Loans to related parties

2026	Parent £
At start of period	225,000
Advanced	275,000
Repaid	(350,000)
At end of period	150,000

2025	Parent £
At start of period	275,000
Repaid	(50,000)
At end of period	225,000

Terms of loans to related parties

The loans are interest free and repayable on demand.
 

10	Financial instruments

Categorisation of financial instruments

	2026  £	2025  £
Financial assets measured at fair value through profit or loss	775,310	887,427

Financial assets measured at fair value

Interest rate cap
A valuation has been obtained from the bank providing the derivative.

The fair value is £775,310 (2025 - £887,427) and the change in value included in profit or loss is £(112,117) (2025 - £(27,490)).

11	Parent and ultimate parent undertaking

The company's immediate parent is St Lawrence Hall Farms Limited, incorporated in United Kingdon.

 

Mundford Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

12

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	221,190	177,062
Trade creditors		76,514	47,625
Taxation and social security		87,779	73,064
Accruals and deferred income		2,800	2,800
Other creditors		1,126	4,105
		389,409	304,656

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	5,626,030	5,873,034