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REGISTERED NUMBER: SC517016 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WHITELEE POULTRY FARM LIMITED

WHITELEE POULTRY FARM LIMITED (REGISTERED NUMBER: SC517016)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITELEE POULTRY FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R Mitchell
Mrs R Mitchell





SECRETARY: Mrs R Mitchell





REGISTERED OFFICE: Whitelee Poultry Farm Ltd
Stewarton
KILMARNOCK
Ayrshire
KA3 5JU





REGISTERED NUMBER: SC517016 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

WHITELEE POULTRY FARM LIMITED (REGISTERED NUMBER: SC517016)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,220 4,440
Tangible assets 5 182,179 181,513
184,399 185,953

CURRENT ASSETS
Stocks 6 16,290 10,950
Debtors 7 32,965 31,395
Cash at bank 9,472 -
58,727 42,345
CREDITORS
Amounts falling due within one year 8 56,922 57,451
NET CURRENT ASSETS/(LIABILITIES) 1,805 (15,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,204

170,847

CREDITORS
Amounts falling due after more than one
year

9

(22,903

)

(31,096

)

PROVISIONS FOR LIABILITIES 10 (13,301 ) (8,480 )
NET ASSETS 150,000 131,271

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 149,000 130,271
SHAREHOLDERS' FUNDS 150,000 131,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

WHITELEE POULTRY FARM LIMITED (REGISTERED NUMBER: SC517016)

BALANCE SHEET - continued
30 SEPTEMBER 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 27 June 2025 and were signed on its behalf by:





R Mitchell - Director


WHITELEE POULTRY FARM LIMITED (REGISTERED NUMBER: SC517016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Whitelee Poultry Farm Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

WHITELEE POULTRY FARM LIMITED (REGISTERED NUMBER: SC517016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 22,200
AMORTISATION
At 1 October 2023 17,760
Amortisation for year 2,220
At 30 September 2024 19,980
NET BOOK VALUE
At 30 September 2024 2,220
At 30 September 2023 4,440

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 84,127 43,957 217,929
Additions - - 5,550
Disposals - - -
At 30 September 2024 84,127 43,957 223,479
DEPRECIATION
At 1 October 2023 - 7,775 167,995
Charge for year - 1,447 13,875
Eliminated on disposal - - -
At 30 September 2024 - 9,222 181,870
NET BOOK VALUE
At 30 September 2024 84,127 34,735 41,609
At 30 September 2023 84,127 36,182 49,934

WHITELEE POULTRY FARM LIMITED (REGISTERED NUMBER: SC517016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 26,495 488 372,996
Additions 28,850 - 34,400
Disposals (26,495 ) - (26,495 )
At 30 September 2024 28,850 488 380,901
DEPRECIATION
At 1 October 2023 15,318 395 191,483
Charge for year 7,212 23 22,557
Eliminated on disposal (15,318 ) - (15,318 )
At 30 September 2024 7,212 418 198,722
NET BOOK VALUE
At 30 September 2024 21,638 70 182,179
At 30 September 2023 11,177 93 181,513

6. STOCKS

2024 2023
Price Value Price Value
No. ££ No. £ £

Cattle
- Cows 3 cost 1,440 3 cost 1,440
- do 3 do. 1,2003 do. 1,200
- do1 do. 9501 do. 950
- do2do. 1,900 2 do. 1,900
- do.67504,500 - - -
- heifer stirks 6 420 2,520 4 420 1,680
- bullock stirk2 440 880 2 440 880
- bull 1 2,500 2,500 1 2,500 2,500
- Calves2200400 2 200 400
2618


16,29010,950




7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,965 31,395

WHITELEE POULTRY FARM LIMITED (REGISTERED NUMBER: SC517016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 16,404
Directors loan - Mr R Mitchell 399 237
Directors loan -Mrs R Mitchell 78 (44 )
Hire purchase contracts 9,226 10,043
Trade creditors 7,734 4,964
Tax 14,635 5,234
Social security and other taxes 1,080 1,855
VAT 16,541 12,340
Accrued expenses 7,229 6,418
56,922 57,451

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 5,500 10,214
Hire purchase contracts 17,403 20,882
22,903 31,096

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,301 8,480

Deferred
tax
£   
Balance at 1 October 2023 8,480
Provided during year 4,821
Balance at 30 September 2024 13,301

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

12. RELATED PARTY DISCLOSURES

During the year the Company operated a current account with Directors Mr R Mitchell and Mrs R Mitchell. The amount of credit at the year end was £477 (2023, £193).