Company No: 05980763 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	A J Paul
	O W Paul
	R J W Paul
	R M Scurrell (Resigned 16 April 2025)

REGISTERED OFFICE	Wherstead Hall
	Peppers Lane
	Wherstead
	Ipswich
	IP9 2AB
	United Kingdom

COMPANY NUMBER

05980763 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	3,379,443		3,474,014
		3,379,443		3,474,014
Current assets
Stocks		240,977		256,971
Debtors	4	97,722		68,617
Cash at bank and in hand		1,106,276		868,731
		1,444,975		1,194,319
Creditors: amounts falling due within one year	5	( 910,635)		( 928,705)
Net current assets		534,340		265,614
Total assets less current liabilities		3,913,783		3,739,628
Creditors: amounts falling due after more than one year	6	( 1,335,552)		( 1,405,557)
Provision for liabilities		( 87,053)		( 190,590)
Net assets		2,491,178		2,143,481
Capital and reserves
Called-up share capital		300		300
Profit and loss account		2,490,878		2,143,181
Total shareholders' funds		2,491,178		2,143,481

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.

Directors' responsibilities:

• The members have 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Suffolk Food Hall Limited (registered number: 05980763) were approved and authorised for issue by the Board of Directors on 26 July 2026. They were signed on its behalf by:

R J W Paul Director

O W Paul 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

Suffolk Food Hall 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 Wherstead Hall, Peppers Lane, Wherstead, Ipswich, IP9 2AB, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Suffolk Food Hall Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from rental income is recognised to the extent that it is probable that economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings 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 Statement of Financial Position.

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 Statement of Financial Position date.

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 average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. 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 assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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:

Land and buildings	5 - 50 years straight line
	20 % reducing balance
Assets under construction	not depreciated
Plant and machinery	2 - 10 years straight line
	10 - 20 % reducing balance
Vehicles	5 years straight line
Fixtures and fittings	5 - 10 years straight line
	20 % reducing balance
Computer equipment	3 - 5 years straight line
	20 - 33 % 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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	138		131

3. Tangible assets

	Land and buildings		Assets under construc- tion		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 February 2025	4,054,225		4,723		613,069		10,500		263,534		143,880		5,089,931
Additions	20,165		10,263		55,714		0		41,511		10,565		138,218
Disposals	( 40,476)		0		( 16,838)		0		0		( 410)		( 57,724)
At 31 January 2026	4,033,914		14,986		651,945		10,500		305,045		154,035		5,170,425
Accumulated depreciation
At 01 February 2025	1,051,725		0		364,803		753		86,100		112,536		1,615,917
Charge for the financial year	88,092		0		56,306		1,949		28,487		17,187		192,021
Disposals	0		0		( 16,546)		0		0		( 410)		( 16,956)
At 31 January 2026	1,139,817		0		404,563		2,702		114,587		129,313		1,790,982
Net book value
At 31 January 2026	2,894,097		14,986		247,382		7,798		190,458		24,722		3,379,443
At 31 January 2025	3,002,500		4,723		248,266		9,747		177,434		31,344		3,474,014

4. Debtors

	2026		2025
	£		£
Trade debtors	48,399		33,676
Prepayments	49,323		34,328
Other debtors	0		613
	97,722		68,617

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	59,433		102,411
Trade creditors	254,500		256,596
Accruals	89,469		101,092
Taxation and social security	330,223		308,927
Other creditors	177,010		159,679
	910,635		928,705

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	575,721		637,487
Other creditors	759,831		768,070
	1,335,552		1,405,557

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2026		2025
	£		£
Bank loans (secured)	221,027		348,479

Bank loans are secured by a first legal charge dated 17 July 2009 against freehold land and property at Wherstead Hall, Peppers Lane, Wherstead, Ipswich, Suffolk, IP9 2AB, an unlimited debenture dated 13 May 2009, all in favour of Lloyds Bank PLC.