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REGISTERED NUMBER: 01159496 (England and Wales)















HALTON PIGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HALTON PIGS LIMITED (REGISTERED NUMBER: 01159496)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


HALTON PIGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R Hall-Jones
A C Hall-Jones





SECRETARY: R Hall-Jones





REGISTERED OFFICE: Hare Hills Farm
Toynton St Peter
Spilsby
Lincolnshire
PE23 5AY





REGISTERED NUMBER: 01159496 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

HALTON PIGS LIMITED (REGISTERED NUMBER: 01159496)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,373,605 1,389,779
1,373,605 1,389,779

CURRENT ASSETS
Valuation 493,324 498,769
Debtors 6 161,801 161,129
Cash at bank 156,967 180,825
812,092 840,723
CREDITORS
Amounts falling due within one year 7 440,695 400,562
NET CURRENT ASSETS 371,397 440,161
TOTAL ASSETS LESS CURRENT LIABILITIES 1,745,002 1,829,940

CREDITORS
Amounts falling due after more than one year 8 (970,071 ) (1,351,639 )

PROVISIONS FOR LIABILITIES (26,973 ) (28,512 )
NET ASSETS 747,958 449,789

CAPITAL AND RESERVES
Called up share capital 10 6,250 6,250
Capital redemption reserve 3,750 3,750
Retained earnings 737,958 439,789
SHAREHOLDERS' FUNDS 747,958 449,789

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.

HALTON PIGS LIMITED (REGISTERED NUMBER: 01159496)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:




R Hall-Jones - Director



A C Hall-Jones - Director


HALTON PIGS LIMITED (REGISTERED NUMBER: 01159496)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Halton Pigs 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of produce and contracting services, excluding value added tax, and includes the Basic Farm Payment and environmental subsidies.

Sales of produce are recognised upon despatch. Revenue from contracting services is recognised when the service is performed.

The Basic Farm Payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

Intangible assets
The purchase of entitlements are being amortised on a straight-line basis from the month of acquisition to December 2019.

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 - 20% on reducing balance and not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are measured at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stock is valued on a basis consistent with that of the previous year in accordance with HS232 'Farm Stock Valuation', and is measured at deemed cost.

Other stocks are valued at the lower of cost and and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items

HALTON PIGS LIMITED (REGISTERED NUMBER: 01159496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 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 statement of financial position date.

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.

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 AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

HALTON PIGS LIMITED (REGISTERED NUMBER: 01159496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 2,467
AMORTISATION
At 1 January 2023
and 31 December 2023 2,467
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,559,135 816,693 2,375,828
Additions 2,911 24,745 27,656
Disposals - (5,995 ) (5,995 )
At 31 December 2023 1,562,046 835,443 2,397,489
DEPRECIATION
At 1 January 2023 352,580 633,469 986,049
Charge for year 3,104 39,512 42,616
Eliminated on disposal - (4,781 ) (4,781 )
At 31 December 2023 355,684 668,200 1,023,884
NET BOOK VALUE
At 31 December 2023 1,206,362 167,243 1,373,605
At 31 December 2022 1,206,555 183,224 1,389,779

Included in cost of land and buildings is freehold land of £ 1,193,887 (2022 - £ 1,190,976 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 89,608 84,853
Other debtors 72,193 76,276
161,801 161,129

HALTON PIGS LIMITED (REGISTERED NUMBER: 01159496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,546 32,146
Trade creditors 250,675 291,122
Taxation and social security 123,817 51,464
Other creditors 30,657 25,830
440,695 400,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 970,071 1,351,639

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 805,048 1,206,521

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,005,617 1,383,785

Bank loans are secured against the land and property of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,190 Ordinary A shares £1 3,190 3,190
3,060 Ordinary B shares £1 3,060 3,060
6,250 6,250