Relate AccountsProduction v2.7.2 v2.7.2 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the wholesale of meat products, dairy products, eggs and edible oils and fats 25 October 2023 NI030355 2023-03-31 NI030355 2022-03-31 NI030355 2021-03-31 NI030355 2022-04-01 2023-03-31 NI030355 2021-04-01 2022-03-31 NI030355 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI030355 uk-curr:PoundSterling 2022-04-01 2023-03-31 NI030355 uk-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI030355 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI030355 uk-bus:Director1 2022-04-01 2023-03-31 NI030355 uk-bus:CompanySecretary1 2022-04-01 2023-03-31 NI030355 uk-bus:RegisteredOffice 2022-04-01 2023-03-31 NI030355 uk-bus:Agent1 2022-04-01 2023-03-31 NI030355 uk-core:ShareCapital 2023-03-31 NI030355 uk-core:ShareCapital 2022-03-31 NI030355 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI030355 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI030355 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI030355 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI030355 uk-bus:FRS102 2022-04-01 2023-03-31 NI030355 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI030355 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 NI030355 uk-core:MotorVehicles 2022-04-01 2023-03-31 NI030355 uk-core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 NI030355 uk-core:CurrentFinancialInstruments 2023-03-31 NI030355 uk-core:CurrentFinancialInstruments 2022-03-31 NI030355 uk-core:CurrentFinancialInstruments 2023-03-31 NI030355 uk-core:CurrentFinancialInstruments 2022-03-31 NI030355 uk-core:WithinOneYear 2023-03-31 NI030355 uk-core:WithinOneYear 2022-03-31 NI030355 uk-core:WithinOneYear 2023-03-31 NI030355 uk-core:WithinOneYear 2022-03-31 NI030355 uk-core:AfterOneYear 2023-03-31 NI030355 uk-core:AfterOneYear 2022-03-31 NI030355 uk-core:BetweenOneTwoYears 2023-03-31 NI030355 uk-core:BetweenOneTwoYears 2022-03-31 NI030355 uk-core:BetweenTwoFiveYears 2023-03-31 NI030355 uk-core:BetweenTwoFiveYears 2022-03-31 NI030355 uk-core:OtherMiscellaneousReserve 2022-03-31 NI030355 uk-core:OtherMiscellaneousReserve 2022-04-01 2023-03-31 NI030355 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI030355 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-03-31 NI030355 uk-core:OtherDeferredTax 2023-03-31 NI030355 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-03-31 NI030355 uk-core:OtherMiscellaneousReserve 2023-03-31 NI030355 uk-core:ParentEntities 2022-04-01 2023-03-31 NI030355 uk-countries:UnitedKingdom 2022-04-01 2023-03-31 NI030355 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI030355
 
 
Hazeldene Trading Company Limited
 
Unaudited Financial Statements
 
for the financial year to cessation on 31 March 2023
Hazeldene Trading Company Limited
Director and Other Information

 
Director Mr. Michael Campbell
 
 
Company Secretary Michael Campbell
 
 
Company Registration Number NI030355
 
 
Registered Office and Business Address 68 Brough Road
Castledawson
BT45 8ER
 
 
Accountants HCA Chartered Accountants Ltd
Chartered Accountants
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Bank of Ireland
  Market Square
  Magherafelt
  Co. Londonderry
  BT45 6EE
  Northern Ireland
 
   
Solicitors McLernon McCann
  15 Meeting Street
  Magherafelt



Hazeldene Trading Company Limited
Company Registration Number: NI030355
Statement of Financial Position
as at 31 March 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment - 34,138
───────── ─────────
 
Current Assets
Debtors 6 86 204,325
Cash and cash equivalents 95,681 117,252
───────── ─────────
95,767 321,577
───────── ─────────
Creditors: amounts falling due within one year 7 (85,767) (49,730)
───────── ─────────
Net Current Assets 10,000 271,847
───────── ─────────
Total Assets less Current Liabilities 10,000 305,985
 
Creditors:
amounts falling due after more than one year 8 - (34,029)
 
Provisions for liabilities 10 - (681)
───────── ─────────
Net Assets 10,000 271,275
═════════ ═════════
 
Capital and Reserves
Called up share capital 10,000 10,000
Retained earnings - 261,275
───────── ─────────
Equity attributable to owners of the company 10,000 271,275
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year to cessation on 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 25 October 2023
           
________________________________          
Mr. Michael Campbell          
Director          
           



Hazeldene Trading Company Limited
Notes to the Financial Statements
for the financial year to cessation on 31 March 2023

   
1. General Information
 
Hazeldene Trading Company Limited is a company limited by shares incorporated in Northern Ireland. 68 Brough Road, Castledawson, BT45 8ER is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership transferred to the buyer, usually on dispatch of the goods; the amounts of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
 
Financial instruments
A financials asset or a financial liability is recognised only when the company becomes a party to the contractual provision of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangment constitues a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit and loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fiar value, unless payment foran asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are susbsequently measured at fair value, with any changes recognised in profit and loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed indivdually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 25% Straight Line
  Motor vehicles - 25% Reducing Balance
  Computer - 25% Straight line
 
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 
Leasing
Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and sunsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
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.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Director 1 1
Other Staff 1 1
  ───────── ─────────
  2 2
  ═════════ ═════════
       
4. Dividends 2023 2022
  £ £
Dividends on equity shares:
 
Ordinary Shares - Interim paid 33,000 30,000
Ordinary Shares - Final paid or accrued 228,563 -
  ───────── ─────────
  261,563 30,000
  ═════════ ═════════
 
These comprise interim dividends voted during the year.
       
5. Registration of a charge
 
During the year fixed and floating charges against  the company from the Bank of Ireland were satisfied in full.
       
6. Debtors 2023 2022
  £ £
 
Trade debtors - 40,588
Amounts owed by group undertakings (Note 13) - 144,325
Taxation  (Note 9) 86 741
Prepayments and accrued income - 18,671
  ───────── ─────────
  86 204,325
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loans and overdrafts - 9,662
Trade creditors 158 25,522
Amounts owed to group undertakings (Note 13) 78,563 -
Taxation  (Note 9) 1,546 7,896
Other creditors - 392
Accruals 5,500 6,258
  ───────── ─────────
  85,767 49,730
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loans and overdraft - 34,029
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) - 9,662
Repayable between one and two years - 9,906
Repayable between two and five years - 24,123
  ───────── ─────────
  - 43,691
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Debtors:
VAT 86 741
  ═════════ ═════════
Creditors:
Corporation tax 1,546 7,896
  ═════════ ═════════
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 681 681 347
Charged to profit and loss (681) (681) 334
  ───────── ───────── ─────────
At financial year end - - 681
  ═════════ ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2023.
       
12. Share Capital 2023 2022
  £ £
 
Ordinary £1 Share Capital 10,000 10,000
  ═════════ ═════════
           
13. Related party transactions
 
The director is regarded as a related party as defined by Financial Reporting Standard 8 (Related Party Disclosures).There were no transacions during the year that require disclosure.
 
The balance due to Mr Campbell at the end of the prior year was repaid during the year.
         
Transactions and balances with group company:
 
    2023 2022
    £ £
 
Mantlin Holdings Ltd
 
During this year dividends of £261,563  were voted to Mantlin Holdings Limited.

At the year end the company owed Mantlin £78,563 (2022 - £-144,325).
 
Amount (owed to)/due from Mantlin Holdings Ltd   (78,563) 144,325
    ═════════ ═════════
   
14. Parent company
 
The company regards Mantlin Holdings limited as its parent company.
 
   
15. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.