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Company Registration No. NI625459 (Northern Ireland)
Highgate Poultry Ltd Unaudited accounts for the year ended 30 June 2023
Highgate Poultry Ltd Unaudited accounts Contents
Page
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Highgate Poultry Ltd Company Information for the year ended 30 June 2023
Directors
Mr Hugh Alexander Rutledge Mrs Lorraine Elizabeth Rutledge
Secretary
None
Company Number
NI625459 (Northern Ireland)
Registered Office
60 Magheraveely Road Newtownbutler Co Fermanagh BT92 6LD
Accountants
W F Lemon & Co Ltd 76 Main Street Lisnaskea Co Fermanagh BT92 0JD
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Highgate Poultry Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
837,306 
868,222 
Current assets
Cash at bank and in hand
74,019 
61,524 
Creditors: amounts falling due within one year
(196,139)
(184,038)
Net current liabilities
(122,120)
(122,514)
Total assets less current liabilities
715,186 
745,708 
Creditors: amounts falling due after more than one year
(169,900)
(273,484)
Provisions for liabilities
Deferred tax
(97,590)
(102,155)
Net assets
447,696 
370,069 
Capital and reserves
Called up share capital
21 
21 
Profit and loss account
447,675 
370,048 
Shareholders' funds
447,696 
370,069 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by
Mr Hugh Alexander Rutledge Director Company Registration No. NI625459
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Highgate Poultry Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Highgate Poultry Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI625459. The registered office is 60 Magheraveely Road, Newtownbutler, Co Fermanagh, BT92 6LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
4% Straight Line
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Highgate Poultry Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
511,045 
620,236 
18,500 
1,149,781 
Additions
- 
14,500 
- 
14,500 
At 30 June 2023
511,045 
634,736 
18,500 
1,164,281 
Depreciation
At 1 July 2022
67,872 
202,277 
11,410 
281,559 
Charge for the year
9,696 
32,020 
3,700 
45,416 
At 30 June 2023
77,568 
234,297 
15,110 
326,975 
Net book value
At 30 June 2023
433,477 
400,439 
3,390 
837,306 
At 30 June 2022
443,173 
417,959 
7,090 
868,222 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
112,379 
118,122 
VAT
13,246 
19,556 
Obligations under finance leases and hire purchase contracts
11,341 
9,236 
Trade creditors
9,390 
2,505 
Taxes and social security
49,783 
34,619 
196,139 
184,038 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
116,134 
224,646 
Obligations under finance leases and hire purchase contracts
18,341 
18,611 
Other creditors
35,425 
30,227 
169,900 
273,484 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
21 Ordinary shares of £1 each
21 
21 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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