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Registration number: NI655430

Hiltonstown Simmentals Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hiltonstown Simmentals Limited

(Registration number: NI655430)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,117

9,646

Current assets

 

Stocks

5

60,072

58,200

Debtors

6

1,764

2,981

Cash at bank and in hand

 

9,491

21,989

 

71,327

83,170

Creditors : due within one year

7

(44,837)

(56,533)

Net current assets

 

26,490

26,637

Net assets

 

34,607

36,283

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

34,507

36,183

Total equity

 

34,607

36,283

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Hiltonstown Simmentals Limited

(Registration number: NI655430)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 4 September 2024
 

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

Mr Richard Rodgers
Director

 

Hiltonstown Simmentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is: 13 Race Road, Portglenone, Ballymena, BT44 8EP.

These financial statements were authorised for issue by the director on 4 September 2024.

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 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 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

 

Hiltonstown Simmentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Plant and machinery

10% straight line

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Livestock is valued at the lower of cost or net realisable value. The cost is determined by assessing the current market price of the animal, and reducing this by 40%. Net realisable value is the expected selling price, less selling fees and direct costs incurred up to the date of sale.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Hiltonstown Simmentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

15,291

15,291

At 31 March 2024

15,291

15,291

Depreciation

At 1 April 2023

5,645

5,645

Charge for the year

1,529

1,529

At 31 March 2024

7,174

7,174

Carrying amount

At 31 March 2024

8,117

8,117

At 31 March 2023

9,646

9,646

5

Stocks

2024
£

2023
£

Livestock

60,072

58,200

6

Debtors

Current

2024
£

2023
£

Other debtors

1,764

2,981

 

1,764

2,981

 

Hiltonstown Simmentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

3,743

2,625

Amounts due to associated company

32,976

44,704

Other creditors

8,118

9,204

44,837

56,533

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.01 each

100

1.00

100

1.00