Glenholm Poultry Limited NI636120 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Rasing of poultry Digita Accounts Production Advanced 6.30.9574.0 true true NI636120 2022-03-01 2023-02-28 NI636120 2023-02-28 NI636120 bus:OrdinaryShareClass1 2023-02-28 NI636120 core:CurrentFinancialInstruments 2023-02-28 NI636120 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 NI636120 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 NI636120 core:LandBuildings 2023-02-28 NI636120 core:OtherPropertyPlantEquipment 2023-02-28 NI636120 bus:SmallEntities 2022-03-01 2023-02-28 NI636120 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 NI636120 bus:AbridgedAccounts 2022-03-01 2023-02-28 NI636120 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 NI636120 bus:RegisteredOffice 2022-03-01 2023-02-28 NI636120 bus:Director1 2022-03-01 2023-02-28 NI636120 bus:Director2 2022-03-01 2023-02-28 NI636120 bus:Director3 2022-03-01 2023-02-28 NI636120 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 NI636120 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI636120 core:Buildings 2022-03-01 2023-02-28 NI636120 core:LandBuildings 2022-03-01 2023-02-28 NI636120 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 NI636120 core:PlantMachinery 2022-03-01 2023-02-28 NI636120 countries:NorthernIreland 2022-03-01 2023-02-28 NI636120 2022-02-28 NI636120 core:LandBuildings 2022-02-28 NI636120 core:OtherPropertyPlantEquipment 2022-02-28 NI636120 2021-03-01 2022-02-28 NI636120 2022-02-28 NI636120 bus:OrdinaryShareClass1 2022-02-28 NI636120 core:CurrentFinancialInstruments 2022-02-28 NI636120 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 NI636120 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 NI636120 core:LandBuildings 2022-02-28 NI636120 core:OtherPropertyPlantEquipment 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI636120

Glenholm Poultry Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 28 February 2023

 

Glenholm Poultry Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Glenholm Poultry Limited

Company Information

Directors

Mrs Karen Kirkland

Mr Matthew Kirkland

Mr Silas Kirkland

Registered office

49 Bockets Road
Ballygawley
Co Tyrone
BT70 2HL

Accountants

Thomas Oliver and Associates Limited
Certified Public Acccountants
1 Moygashel Mills Park
Dungannon
Co Tyrone
BT71 7DH

 

Glenholm Poultry Limited

(Registration number: NI636120)
Abridged Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

648,074

672,472

Current assets

 

Debtors

5

38,453

11,045

Cash at bank and in hand

 

-

7,629

 

38,453

18,674

Creditors: Amounts falling due within one year

(365,367)

(349,772)

Net current liabilities

 

(326,914)

(331,098)

Total assets less current liabilities

 

321,160

341,374

Creditors: Amounts falling due after more than one year

(260,230)

(322,840)

Accruals and deferred income

 

(1,050)

(875)

Net assets

 

59,880

17,659

Capital and reserves

 

Called up share capital

6

150

150

Retained earnings

59,730

17,509

Shareholders' funds

 

59,880

17,659

For the financial year ending 28 February 2023 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Glenholm Poultry Limited

(Registration number: NI636120)
Abridged Balance Sheet as at 28 February 2023

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 November 2023 and signed on its behalf by:
 

.........................................

Mr Matthew Kirkland

Director

.........................................

Mr Silas Kirkland

Director

 

Glenholm Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
49 Bockets Road
Ballygawley
Co Tyrone
BT70 2HL

These financial statements were authorised for issue by the Board on 24 November 2023.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

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

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Glenholm Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

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

Buildings

5% Straight Line

Plant and machinery

15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Glenholm Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

519,377

389,688

909,065

At 28 February 2023

519,377

389,688

909,065

Depreciation

At 1 March 2022

9,563

227,030

236,593

Charge for the year

-

24,398

24,398

At 28 February 2023

9,563

251,428

260,991

Carrying amount

At 28 February 2023

509,814

138,260

648,074

At 28 February 2022

509,814

162,658

672,472

Included within the net book value of land and buildings above is £509,814 (2022 - £509,814) in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

Glenholm Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

150

150

150

150