Weavers Meadow Ltd

Contents

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

Weavers Meadow Ltd

Balance Sheet

31 January 2026

	Note	2026 £	As restated 2025 £
Fixed assets
Tangible assets	4	5,087,509	3,875,601
Other financial assets		100	100
		5,087,609	3,875,701
Current assets
Stocks		3,069,655	1,423,188
Debtors	6	1,917,856	1,362,919
Cash at bank and in hand		309	1,883
		4,987,820	2,787,990
Creditors: Amounts falling due within one year	7	(5,452,469)	(2,640,830)
Net current (liabilities)/assets		(464,649)	147,160
Total assets less current liabilities		4,622,960	4,022,861
Creditors: Amounts falling due after more than one year	7	(1,551,906)	(1,665,376)
Provisions for liabilities		(248,000)	-
Net assets		2,823,054	2,357,485
Capital and reserves
Called up share capital	9	100	100
Profit and loss account		2,822,954	2,357,385
Shareholders' funds		2,823,054	2,357,485

Weavers Meadow Ltd

Balance Sheet

31 January 2026

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

......................................... Mr C R Down Director

Company Registration Number: 08576360

Weavers Meadow Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 January 2026

1	General information

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

The principal place of business is:
Hayes Barton
East Budleigh
Budleigh Salterton
Devon
EX9 7BS

These financial statements were authorised for issue by the Board on 30 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 functional currency of Weavers Meadow Ltd is considered to be pounds sterling because it is the currency of the primary economic environment in which the company operates.

Changes to FRS 102 in future periods
The Financial Reporting Council has published changes to FRS 102 which will take effect in next year’s financial statements. The main rule changes are to revenue and leases.
There is no requirement to restate figures from previous years, so we do not expect any changes to the figures we report here for the year ended 31 January 2026 or any earlier periods.
 

Weavers Meadow Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 January 2026

Going concern

The directors have considered the company's financial position and its ability to meet its liabilities as they fall due. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseaable future. Accordingly, the accounts have been prepared on a going concern basis.

Reclassification of comparative amounts

During the current year, a prior year reclassification was made whereby £808,568 of biological assets were reclassified from fixed assets to stock. Similarly in current assets, £571,894 of biological assets were reclassified from biological assets to stock. This reclassification has reduced fixed assets and increased current assets by £808,568 at 31 January 2025. This had no impact on the company's overall profit or net assets for the year to 31 January 2025.

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

Income from the sale of pigs is recognised at the point of dispatch.

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.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Land and buildings	2% straight line
Plant & machinery	5% reducing balance
Motor vehicles	20% reducing balance

Weavers Meadow Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 January 2026

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of pigs include an accumulation of feed, labour and other direct costs.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Hire purchase contracts;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans and hire purchase contracts, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans and hire purchase contracts are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2025 - 14).

Weavers Meadow Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 January 2026

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 February 2025	895,643	49,241	3,624,989	4,569,873
Additions	-	4,200	1,440,631	1,444,831
At 31 January 2026	895,643	53,441	5,065,620	6,014,704
Depreciation
At 1 February 2025	1,420	9,848	683,004	694,272
Charge for the year	5,913	7,881	219,129	232,923
At 31 January 2026	7,333	17,729	902,133	927,195
Carrying amount
At 31 January 2026	888,310	35,712	4,163,487	5,087,509
At 31 January 2025	894,223	39,393	2,941,985	3,875,601

Included within the net book value of land and buildings above is £861,899 (2025 - £867,244) in respect of freehold land and buildings and £26,411 (2025 - £26,979) in respect of short leasehold land and buildings.
 

5

Stocks

	2026 £	As restated 2025 £
Livestock	2,927,179	1,380,462
Deadstock	142,476	42,726
	3,069,655	1,423,188

6

Debtors

	2026 £	2025 £
Trade debtors	398,689	866,552
Amounts owed by group undertakings	80,828	-
Prepayments	154,000	392,659
Other debtors	1,284,339	103,708
	1,917,856	1,362,919

Weavers Meadow Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Loans and borrowings	713,971	468,524
Trade creditors	3,114,506	658,463
Amounts owed to group undertakings	831,363	-
Taxation and social security	19,877	10,685
Accruals and deferred income	44,880	165,305
Other creditors	727,872	1,337,853
	5,452,469	2,640,830

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Loans and borrowings	1,551,906	1,665,376

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,535,758	1,665,376
Hire purchase contracts	16,148	-
	1,551,906	1,665,376

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	69,193	-
Bank overdrafts	231,629	68,524
Hire purchase contracts	10,765	-
Other borrowings	402,384	400,000
	713,971	468,524

Bank borrowings are secured by way of a fixed and floating charge over the assets of the company.

Weavers Meadow Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 January 2026

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

10	Related party transactions

Transactions with related parties

A company related to two of the director-shareholders of the company:
These financial statements reflect costs totalling £2,054,173 (2025 - £702,501) and sales of £114 (2025 - £3,568) for goods and services supplied by and to a company of which the directors and shareholders of this company are also directors. The total due to this company under common control was £570,127 (2025 - £92,086). Interest was charged at 5% per annum on this balance.

A company related to two of the director-shareholders of the company:
A loan was provided by this company and interest was charged at 5% per annum. The total due to this company under common control was £318,640 (2025 - £103,467).

A company related to two of the director-shareholders of the company:
These financial statements reflect costs totalling £4,102 (2025 - £nil) and sales of £nil (2025 - £nil) for goods and services supplied by and to a company of which the directors and shareholders of this company are also directors. The total due to this company under common control was £3,190 (2025 - £nil).

A company related to two of the director-shareholders of the company:
These financial statements reflect costs totalling £86,596 (2025 - £116,878) and sales of £nil (2025 - £nil) for goods and services supplied by and to a company of which the directors and shareholders of this company are also directors. The total due to this company under common control was £257,446 (2025 - £170,850).

Partnerships related to two of the director-shareholders of the company:
These financial statements reflect costs totalling £1,145,349 (2025 - £2,803,278) and sales of £6,709 (2025 - £422,340) for goods and services supplied by and to partnerships of which the directors and shareholders of this company are also partners. A loan was provided by this partnership and interest was charged at 5% per annum. At the balance sheet date, the amount due to this partnership was £1,068,299 (2025 - £330,158).

At the balance sheet date, interest free loan balances totalling £16,333 (2025 - £14,991) were owed to company directors.

Weavers Meadow Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 January 2026

11	Parent and ultimate parent undertaking

The company's immediate parent is Greenridge Holdings Ltd, incorporated in England and Wales.

It's registered office is Hayes Barton East Budleigh, Budleigh Salterton, Exeter, Devon, United Kingdom, EX9 7BS.

 

Greenridge Holdings Ltd became the immediate and ultimate parent undertaking during the year. Consolidated financial statements have not been prepared for Greenridge Holdings Ltd as it qualifies as a small company for the period 1 July 2025 to 31 January 2026. Greenridge Holdings Ltd company financial statements are available from Companies House.