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REGISTERED NUMBER: NI031779 (Northern Ireland)















HAMILTON'S FOODHALLS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






HAMILTON'S FOODHALLS LTD (REGISTERED NUMBER: NI031779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HAMILTON'S FOODHALLS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Charles Hamilton
Ruth Hamilton





REGISTERED OFFICE: 12-14 Lower Strabane Rd
Castlederg
Co. Tyrone
BT81 7AZ





REGISTERED NUMBER: NI031779 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly Chartered Accountants
43 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

HAMILTON'S FOODHALLS LTD (REGISTERED NUMBER: NI031779)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 74,281 80,000
Property, plant and equipment 6 2,826,004 3,004,292
2,900,285 3,084,292

CURRENT ASSETS
Inventories 189,125 251,578
Receivables: amounts falling due within
one year

7

1,244,167

1,339,544
Cash at bank and in hand 565,080 422,682
1,998,372 2,013,804
PAYABLES
Amounts falling due within one year 8 (1,018,730 ) (921,517 )
NET CURRENT ASSETS 979,642 1,092,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,879,927

4,176,579

PAYABLES
Amounts falling due after more than
one year

9

(1,857,703

)

(2,008,886

)

PROVISIONS FOR LIABILITIES (9,879 ) (164,258 )
NET ASSETS 2,012,345 2,003,435

CAPITAL AND RESERVES
Called up share capital 10 31,912 31,912
Retained earnings 1,980,433 1,971,523
SHAREHOLDERS' FUNDS 2,012,345 2,003,435

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

HAMILTON'S FOODHALLS LTD (REGISTERED NUMBER: NI031779)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2023 and were signed on its behalf by:




Charles Hamilton - Director



Ruth Hamilton - Director


HAMILTON'S FOODHALLS LTD (REGISTERED NUMBER: NI031779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Hamilton's Foodhalls Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Off Licence are being amortised evenly over their estimated useful life of nil years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% straight line
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


HAMILTON'S FOODHALLS LTD (REGISTERED NUMBER: NI031779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2022 - 81 ) .

5. INTANGIBLE FIXED ASSETS
Off Licence
£
COST
At 1 May 2022
and 30 April 2023 142,973
AMORTISATION
At 1 May 2022 62,973
Amortisation for year 5,719
At 30 April 2023 68,692
NET BOOK VALUE
At 30 April 2023 74,281
At 30 April 2022 80,000

HAMILTON'S FOODHALLS LTD (REGISTERED NUMBER: NI031779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 May 2022 2,835,558 2,114,362 46,780 4,996,700
Additions 139,251 45,575 - 184,826
At 30 April 2023 2,974,809 2,159,937 46,780 5,181,526
DEPRECIATION
At 1 May 2022 754,184 1,193,604 44,620 1,992,408
Charge for year 123,454 239,120 540 363,114
At 30 April 2023 877,638 1,432,724 45,160 2,355,522
NET BOOK VALUE
At 30 April 2023 2,097,171 727,213 1,620 2,826,004
At 30 April 2022 2,081,374 920,758 2,160 3,004,292

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 817,954 878,954
Amounts owed by group undertakings 423,259 460,214
Other receivables 2,954 376
1,244,167 1,339,544

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 496,038 383,418
Hire purchase contracts 10,000 -
Trade payables 427,217 489,046
Taxation and social security 56,291 20,084
Other payables 29,184 28,969
1,018,730 921,517

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 1,844,370 2,008,886
Hire purchase contracts 13,333 -
1,857,703 2,008,886

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
31,912 ORD 1 31,912 31,912

HAMILTON'S FOODHALLS LTD (REGISTERED NUMBER: NI031779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

11. RELATED PARTY DISCLOSURES

The directors of Hamilton's Foodhalls Limited are also partners in C & R Hamilton an unincorporated partnership. The company has advanced funds to C & R Hamilton. At 30 April 2023 the balance owed to the company was £74,546.
The directors of Hamilton's Foodhalls Limited are also directors in Tamlaght Spar Limited. The company has advanced funds to Tamlaght Spar Limited. At 30 April 2023 the balance owed to the company was £344,222.
The directors of Hamilton's Foodhalls Limited are also directors in C & R Hamilton Limited. The company has advanced funds to C & R Hamilton Limited. At 30 April 2023 the balance owed by the company was £127,087.
The directors of Hamilton's Foodhalls Limited are also directors in Derg Castle Trading Limited. The company has advanced funds to Derg Castle Trading Limited. At 30 April 2023 the balance owed to the company was £131,578.