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REGISTERED NUMBER: NI667571 (Northern Ireland)













SESKINORE POULTRY FARM LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






SESKINORE POULTRY FARM LTD (REGISTERED NUMBER: NI667571)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SESKINORE POULTRY FARM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr G Walker
Mr C Elkin



REGISTERED OFFICE: 16 Mullagharn Road
Gillygooley
Omagh
United Kingdom
Co. Tyrone
BT78 5QG



REGISTERED NUMBER: NI667571 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Ulster Bank Limited
14 High Street
OMAGH
Co. Tyrone
BT78 1BJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SESKINORE POULTRY FARM LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 May 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


3 April 2025

SESKINORE POULTRY FARM LTD (REGISTERED NUMBER: NI667571)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,168,333 413,700

CURRENT ASSETS
Stocks 67,005 42,844
Debtors 5 432,868 118,699
Cash at bank 46,496 130,081
546,369 291,624
CREDITORS
Amounts falling due within one year 6 342,893 165,757
NET CURRENT ASSETS 203,476 125,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,371,809

539,567

CREDITORS
Amounts falling due after more than one year 7 (821,067 ) (336,997 )

PROVISIONS FOR LIABILITIES (85,508 ) (17,042 )
NET ASSETS 465,234 185,528

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 465,134 185,428
465,234 185,528

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

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

SESKINORE POULTRY FARM LTD (REGISTERED NUMBER: NI667571)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:




Mr C Elkin - Director



Mr G Walker - Director


SESKINORE POULTRY FARM LTD (REGISTERED NUMBER: NI667571)

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

1. STATUTORY INFORMATION

Seskinore Poultry Farm Ltd is a private company, limited by shares , registered in Northern Ireland. 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
Turnover 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 & buildings - 5% straight line
Plant and machinery - 20% on reducing balance

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

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 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.

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.

SESKINORE POULTRY FARM LTD (REGISTERED NUMBER: NI667571)

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

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land & Plant and
buildings machinery Totals
£    £    £   
COST
At 1 June 2023 404,552 111,270 515,822
Additions 520,360 339,680 860,040
At 31 May 2024 924,912 450,950 1,375,862
DEPRECIATION
At 1 June 2023 59,020 43,102 102,122
Charge for year 20,228 85,179 105,407
At 31 May 2024 79,248 128,281 207,529
NET BOOK VALUE
At 31 May 2024 845,664 322,669 1,168,333
At 31 May 2023 345,532 68,168 413,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 114,140 104,939
Other debtors 318,728 13,760
432,868 118,699

SESKINORE POULTRY FARM LTD (REGISTERED NUMBER: NI667571)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 114,569 64,874
Hire purchase contracts 19,833 10,500
Trade creditors 170,057 45,076
Taxation and social security 26,387 38,155
Other creditors 12,047 7,152
342,893 165,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 493,073 106,077
Hire purchase contracts 21,480 24,417
Other creditors 306,514 206,503
821,067 336,997

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 63,072 63,944

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 579,575 133,128

Bank loans & overdrafts are secured by a legal charge over lands owned by the company together with a fixed & floating charge over all the property of the company together with a personal guarantee.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the year, the company owed a member of key management personnel £63,072 (2023 - £63,944). No interest is to be charged on the loan. At the balance sheet date, this loan is presented within creditors: amounts falling due after more than one year.

SESKINORE POULTRY FARM LTD (REGISTERED NUMBER: NI667571)

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

10. RELATED PARTY DISCLOSURES

As at 31 May 2024 the company owed a loan of £149,672 to GMW Poultry Ltd. No interest is to be charged on this. At the balance sheet date, the loan is presented within creditors: amounts falling due after one year.

GMW Poultry Ltd owns 50% of the share capital of Seskinore Poultry Farm Ltd.

As at 31 May 2024 the company owed a loan of £81,450 to CJEP Limited. No interest is to be charged on this. At the balance sheet date, the loan is presented within creditors: amounts falling due after one year.

CJEP Limited owns 50% of the share capital of Seskinore Poultry Farm Ltd.

As at 31 May 2024 the company was owed a loan of £216,000 from REW Poultry Limited. No interest is to be charged on this. At the balance sheet date, the loan is presented within debtors: amounts falling due after one year.

REW Poultry Limited owns 50% of the share capital of Seskinore Poultry Farm Ltd.