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REGISTERED NUMBER: 07941992 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Upper Dinchope Poultry Limited

Upper Dinchope Poultry Limited (Registered number: 07941992)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Upper Dinchope Poultry Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: D J Mills
Mrs M P Mills



REGISTERED OFFICE: Upper Dinchope House
Dinchope
Craven Arms
Shropshire
SY7 9JJ



REGISTERED NUMBER: 07941992 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Clydesdale Bank Plc
Temple Point
1 Temple Row
Birmingham
B2 5JX

Upper Dinchope Poultry Limited (Registered number: 07941992)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 226,086 299,245

CURRENT ASSETS
Inventories - 12,570
Debtors 5 5,107 443,591
Cash at bank 13,123 4,068
18,230 460,229
CREDITORS
Amounts falling due within one year 6 67,226 609,544
NET CURRENT LIABILITIES (48,996 ) (149,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,090

149,930

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 177,070 149,910
SHAREHOLDERS' FUNDS 177,090 149,930

Upper Dinchope Poultry Limited (Registered number: 07941992)

Statement of Financial Position - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 17 October 2024 and were signed on its behalf by:





D J Mills - Director


Upper Dinchope Poultry Limited (Registered number: 07941992)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Upper Dinchope 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.

Turnover
Revenue 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.
Tenants improvements - 10% or 20% on reducing balance
Plant and machinery - 20% on reducing balance

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

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

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.


Upper Dinchope Poultry Limited (Registered number: 07941992)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Tenants Plant and
improvements machinery Totals
£    £    £   
COST
At 1 April 2023 36,038 575,187 611,225
Additions - 1,200 1,200
At 31 March 2024 36,038 576,387 612,425
DEPRECIATION
At 1 April 2023 18,201 293,779 311,980
Charge for year 17,837 56,522 74,359
At 31 March 2024 36,038 350,301 386,339
NET BOOK VALUE
At 31 March 2024 - 226,086 226,086
At 31 March 2023 17,837 281,408 299,245

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,463 439,266
Other debtors 644 4,325
5,107 443,591

Upper Dinchope Poultry Limited (Registered number: 07941992)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9 429,986
Other creditors 67,217 179,558
67,226 609,544

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £4,000) were paid to the directors .

Included in creditors due within one year is the balance of £60,771 (2023 - £145,631) due to the directors of the company. These amounts are payable on demand. No interest was paid on these balances.