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REGISTERED NUMBER: 08388220 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Hendre Poultry Limited

Hendre Poultry Limited (Registered number: 08388220)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hendre Poultry Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: T E Harris
Mrs B J Harris
T J Harris
E B D Harris
J V Harris



REGISTERED OFFICE: Hendre
Felindre
Knighton
Powys
LD7 1YT



REGISTERED NUMBER: 08388220 (England and Wales)



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



BANKERS: HSBC Bank Plc
The Cross
1 Broad Street
Newtown
Powys
SY16 2LX

Hendre Poultry Limited (Registered number: 08388220)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,126,342 3,396,495
Investments 5 898,920 898,920
4,025,262 4,295,415

CURRENT ASSETS
Inventories 299,313 253,929
Debtors 6 234,058 194,078
Cash at bank 489,266 640,195
1,022,637 1,088,202
CREDITORS
Amounts falling due within one year 7 750,321 638,273
NET CURRENT ASSETS 272,316 449,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,297,578

4,745,344

CREDITORS
Amounts falling due after more than
one year

8

(1,534,028

)

(2,209,334

)

PROVISIONS FOR LIABILITIES (271,044 ) (280,881 )
NET ASSETS 2,492,506 2,255,129

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,492,406 2,255,029
SHAREHOLDERS' FUNDS 2,492,506 2,255,129

Hendre Poultry Limited (Registered number: 08388220)

Statement of Financial Position - continued
31 August 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 23 May 2025 and were signed on its behalf by:





T E Harris - Director


Hendre Poultry Limited (Registered number: 08388220)

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

1. STATUTORY INFORMATION

Hendre 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.
Land and buildings - Land nil, buildings 2% on cost
Plant and machinery etc - 10% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.


Hendre Poultry Limited (Registered number: 08388220)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Hendre Poultry Limited (Registered number: 08388220)

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

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Short Plant and Computer
property leasehold machinery equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 923,085 - 4,053,056 1,932 4,978,073
Additions - 425 5,709 - 6,134
At 31 August 2024 923,085 425 4,058,765 1,932 4,984,207
DEPRECIATION
At 1 September 2023 115,847 - 1,465,389 342 1,581,578
Charge for year 17,027 17 259,083 160 276,287
At 31 August 2024 132,874 17 1,724,472 502 1,857,865
NET BOOK VALUE
At 31 August 2024 790,211 408 2,334,293 1,430 3,126,342
At 31 August 2023 807,238 - 2,587,667 1,590 3,396,495

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Participating interests 500 500
Loans to undertakings in which the
company has a participating interest

898,420

898,420
898,920 898,920

Additional information is as follows:
Interest
in
associate
£   
COST
At 1 September 2023
and 31 August 2024 500
NET BOOK VALUE
At 31 August 2024 500
At 31 August 2023 500

Hendre Poultry Limited (Registered number: 08388220)

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

5. FIXED ASSET INVESTMENTS - continued
Loans to
other
participating
interests
£   
At 1 September 2023
and 31 August 2024 898,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,402 122,843
Other debtors 60,656 71,235
234,058 194,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 204,717 184,079
Trade creditors 335,778 243,940
Taxation and social security 9,198 7,931
Other creditors 200,628 202,323
750,321 638,273

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 983,811 1,480,668
Other creditors 550,217 728,666
1,534,028 2,209,334

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in
five years or more 164,943 744,352
Other loans repayable in
five years or more - 14,871
164,943 759,223

Hendre Poultry Limited (Registered number: 08388220)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,188,528 1,664,747
Other loans 728,666 907,115
1,917,194 2,571,862

The bank loans are secured by charges on the company's assets dated July 2014, October 2017 and September 2019.

The other loans are secured by personal guarantees given by the directors dated February 2016.

10. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are amounts totalling £18,244 (2023 £19,034) due to the directors of the company, these amounts are repayable on demand.

During the year dividends of £1,538 (2023 £2,885) were paid out by the company and received by the directors.

The company owns 50% of the share capital of G & T Evans Ltd and T E Harris is a director of this company. At the balance sheet date £898,420 (2023 £898,420) was owing to the company. The loan is repayable on demand and no interest has been charged on this balance during the year.