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REGISTERED NUMBER: 10010354 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HLJ27 LTD

HLJ27 LTD (REGISTERED NUMBER: 10010354)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HLJ27 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L A Thomas
D L Thomas





SECRETARY: L A Thomas





REGISTERED OFFICE: Plas Farm
Llangynog
Carmarthen
Carmarthenshire
SA33 5DB





REGISTERED NUMBER: 10010354 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

HLJ27 LTD (REGISTERED NUMBER: 10010354)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,447,035 1,343,505
Herd 5 434,112 434,112
1,881,147 1,777,617

CURRENT ASSETS
Stocks 115,260 112,610
Debtors 6 369,200 325,339
Cash at bank 74,018 199,664
558,478 637,613
CREDITORS
Amounts falling due within one year 7 (506,928 ) (501,399 )
NET CURRENT ASSETS 51,550 136,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,932,697

1,913,831

CREDITORS
Amounts falling due after more than one
year

8

(604,770

)

(673,042

)

PROVISIONS FOR LIABILITIES (183,821 ) (155,610 )
NET ASSETS 1,144,106 1,085,179

CAPITAL AND RESERVES
Called up share capital 10 300 300
Share premium 270,000 270,000
Retained earnings 873,806 814,879
SHAREHOLDERS' FUNDS 1,144,106 1,085,179

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.

HLJ27 LTD (REGISTERED NUMBER: 10010354)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





D L Thomas - Director


HLJ27 LTD (REGISTERED NUMBER: 10010354)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

HLJ27 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Grants
Grants towards revenue expenditure are credited to income in the period to which they relate.

Turnover
Turnover represents amounts received from grants and animal and produce sales during the year, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - Land is not depreciated. Buildings 5% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

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

Stocks
Stock of cattle has been calculated using the deemed cost method of valuation.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

HLJ27 LTD (REGISTERED NUMBER: 10010354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 758,317 547,325 175,842 36,500 1,517,984
Additions - 133,941 116,593 - 250,534
Disposals - (96,900 ) - - (96,900 )
At 31 March 2024 758,317 584,366 292,435 36,500 1,671,618
DEPRECIATION
At 1 April 2023 37,252 83,370 30,967 22,890 174,479
Charge for year 9,313 42,028 8,585 2,722 62,648
Eliminated on disposal - (12,544 ) - - (12,544 )
At 31 March 2024 46,565 112,854 39,552 25,612 224,583
NET BOOK VALUE
At 31 March 2024 711,752 471,512 252,883 10,888 1,447,035
At 31 March 2023 721,065 463,955 144,875 13,610 1,343,505

5. HERD
Dairy
Herd
£   
COST
At 1 April 2023
and 31 March 2024 434,112
NET BOOK VALUE
At 31 March 2024 434,112
At 31 March 2023 434,112

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,886 166,832
Amount due from related party 184,668 142,349
Corporation tax 3,129 -
VAT 45,517 16,158
369,200 325,339

HLJ27 LTD (REGISTERED NUMBER: 10010354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 93,697 55,433
Other loans 6,000 6,000
Hire purchase contracts 43,787 47,567
Trade creditors 361,744 264,220
Corporation tax - 18,278
Social security and other taxes 200 -
Directors' current accounts - 108,401
Accruals and deferred income 1,500 1,500
506,928 501,399

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 46,748 55,433
Bank loans - 2-5 years 487,524 116,189
Bank loans due in more than 5
years by instalments 11,485 435,323
Hire purchase contracts 59,013 66,097
604,770 673,042

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5
years by instalments 11,485 435,323
11,485 435,323

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 612,430 662,378
Hire purchase contracts 102,800 113,664
715,230 776,042

The hire purchase liabilities are secured on the assets to which they relate. There is a fixed and floating charge over the assets of the company in respect of the bank loan.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300