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REGISTERED NUMBER: 10639859 (England and Wales)












NEST EGG (POULTRY) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






NEST EGG (POULTRY) LTD (REGISTERED NUMBER: 10639859)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


NEST EGG (POULTRY) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D J Fairburn





REGISTERED OFFICE: Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ





REGISTERED NUMBER: 10639859 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

NEST EGG (POULTRY) LTD (REGISTERED NUMBER: 10639859)

ABRIDGED STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 366,582 471,516
Investment property 5 1,749,357 -
2,115,939 471,516

CURRENT ASSETS
Inventories 43,936 138,182
Debtors 109,145 161,024
Cash at bank and in hand 21,449 4,655
174,530 303,861
CREDITORS
Amounts falling due within one year 347,579 519,846
NET CURRENT LIABILITIES (173,049 ) (215,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,942,890

255,531

CREDITORS
Amounts falling due after more than one year (1,767,247 ) (61,670 )

PROVISIONS FOR LIABILITIES (10,444 ) (8,432 )
NET ASSETS 165,199 185,429

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165,099 185,329
165,199 185,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NEST EGG (POULTRY) LTD (REGISTERED NUMBER: 10639859)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





D J Fairburn - Director


NEST EGG (POULTRY) LTD (REGISTERED NUMBER: 10639859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Nest Egg (Poultry) Ltd 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.

Revenue
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.
Land and buildings - 10% on cost
Plant and machinery - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Inventories
Laying bird stocks are valued using DEFRA poultry valuation rate cards and the John Nix farm pocket book.
Chicks aged up to 17 weeks are valued at 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

NEST EGG (POULTRY) LTD (REGISTERED NUMBER: 10639859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 March 2023 874,199
Additions 1,507
At 29 February 2024 875,706
DEPRECIATION
At 1 March 2023 402,683
Charge for year 106,441
At 29 February 2024 509,124
NET BOOK VALUE
At 29 February 2024 366,582
At 28 February 2023 471,516

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,749,357
At 29 February 2024 1,749,357
NET BOOK VALUE
At 29 February 2024 1,749,357

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Aggregate amount 1,847,307 381,687

The above debts are secured by legal charges on the company's freehold land and property and fixed and floating charges over the company's assets.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
D J Fairburn
Balance outstanding at start of year 45,170 -
Amounts advanced - 45,170
Amounts repaid (45,170 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 45,170

NEST EGG (POULTRY) LTD (REGISTERED NUMBER: 10639859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs S L Fairburn
Balance outstanding at start of year 45,152 -
Amounts advanced - 45,152
Amounts repaid (45,152 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 45,152

Loans to directors in the year were unsecured, interest free and had no repayment terms.