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REGISTERED NUMBER: 11422935 (England and Wales)











Whittal Poultry Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Whittal Poultry Limited (Registered number: 11422935)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Whittal Poultry Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: PSJ Whittal
Mrs JM Whittal





SECRETARY: Mrs JM Whittal





REGISTERED OFFICE: Bowling Green Farm
Clehonger
Hereford
HR2 9SJ





REGISTERED NUMBER: 11422935 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Whittal Poultry Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whittal Poultry Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Whittal Poultry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whittal Poultry Limited and state those matters that we have agreed to state to the Board of Directors of Whittal Poultry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whittal Poultry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Whittal Poultry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whittal Poultry Limited. You consider that Whittal Poultry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whittal Poultry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


9 April 2024

Whittal Poultry Limited (Registered number: 11422935)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,111,381 2,983,854

CURRENT ASSETS
Stocks 262,838 214,825
Debtors 5 621,993 427,095
Cash at bank 240,640 560,259
1,125,471 1,202,179
CREDITORS
Amounts falling due within one year 6 649,929 625,451
NET CURRENT ASSETS 475,542 576,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,586,923

3,560,582

CREDITORS
Amounts falling due after more than one
year

7

(2,629,679

)

(2,772,425

)

PROVISIONS FOR LIABILITIES 9 (127,864 ) (79,400 )
NET ASSETS 829,380 708,757

CAPITAL AND RESERVES
Allotted, issued and fully
paid share capital 1,000 1,000
Retained earnings 828,380 707,757
829,380 708,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Whittal Poultry Limited (Registered number: 11422935)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





Mrs JM Whittal - Director


Whittal Poultry Limited (Registered number: 11422935)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Whittal Poultry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

The directors have reviewed the cash flow requirements of the company and are confident it can continue trading within its agreed finance facilities. Therefore the directors believe that the accounts should be prepared on the going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 15% on reducing balance, 10% on reducing balance and 5% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Biological assets include broiler chickens used for meat production. Broiler chickens are stated at cost as fair values are not readily ascertainable.

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

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.


Whittal Poultry Limited (Registered number: 11422935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,612,922 2,147,751 3,760,673
Additions - 327,816 327,816
At 31 December 2023 1,612,922 2,475,567 4,088,489
DEPRECIATION
At 1 January 2023 100,469 676,350 776,819
Charge for year 28,768 171,521 200,289
At 31 December 2023 129,237 847,871 977,108
NET BOOK VALUE
At 31 December 2023 1,483,685 1,627,696 3,111,381
At 31 December 2022 1,512,453 1,471,401 2,983,854

Included in cost of land and buildings is freehold land of £ 174,560 (2022 - £ 174,560 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,861 4,911
VAT 8,863 58,646
Prepayments and accrued income 609,269 363,538
621,993 427,095

Whittal Poultry Limited (Registered number: 11422935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 147,507 161,811
Trade creditors 405,131 398,642
Amounts owed to participating interests 59,456 59,456
Accruals and deferred income 37,835 5,542
649,929 625,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 157,261 168,561
Bank loans - 2-5 years 530,294 546,186
Bank loans more than 5 years
by instalment 1,942,124 2,057,678
2,629,679 2,772,425

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 1,942,124 2,057,678
1,942,124 2,057,678

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,777,186 2,934,236

The loans are secured against the land and poultry site owned by the company at Bowling Green Farm and Upper Wormhill as well as all other assets of the company. The loans are also secured against assets owned by the directors.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Advanced capital allowances 301,209 238,850
Losses (173,345 ) (159,450 )
127,864 79,400

Whittal Poultry Limited (Registered number: 11422935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 79,400
Provided during year 48,464
Balance at 31 December 2023 127,864

10. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 224,300 549,125

The above relates to work committed to at the year end on a battery storage project.

11. RELATED PARTY DISCLOSURES

Included in creditors is a loan from a company under common control of £59,456 (2022: £59,456). The loan is repayable on demand. Machinery of £Nil (2022: £15,000) was purchased from the company in the year.

The company also sold £15,120 (2022: £4,200) of poultry litter to the partnership, PSJ Whittal, in which the directors are partners, and purchased feed and contract services for £84,006 (2022: £91,287).

Land owned by a director is used as security against the bank loans.