Company Registration No. NI054181 (Northern Ireland)
Hillkirk Farms Ltd
Unaudited accounts
for the year ended 31 March 2025
Hillkirk Farms Ltd
Unaudited accounts
Contents
Hillkirk Farms Ltd
Company Information
for the year ended 31 March 2025
Directors
Brian Kirkland
Jennifer Kirkland
Company Number
NI054181 (Northern Ireland)
Registered Office
1 Church Street
Fintona
Omagh
Tyrone
BT78 2BR
Northern Ireland
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
Hillkirk Farms Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
2,594,897
2,565,560
Inventories
203,307
250,964
Cash at bank and in hand
103,273
155,569
Creditors: amounts falling due within one year
(737,786)
(530,284)
Net current (liabilities)/assets
(229,008)
77,874
Total assets less current liabilities
2,365,889
2,643,434
Creditors: amounts falling due after more than one year
(301,607)
(864,237)
Provisions for liabilities
Deferred tax
(87,780)
(87,780)
Net assets
1,976,502
1,691,417
Called up share capital
1,000
1,000
Profit and loss account
1,975,502
1,690,417
Shareholders' funds
1,976,502
1,691,417
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by
Brian Kirkland
Director
Company Registration No. NI054181
Hillkirk Farms Ltd
Notes to the Accounts
for the year ended 31 March 2025
Hillkirk Farms Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI054181. The registered office is 1 Church Street, Fintona, Omagh, Tyrone, BT78 2BR, Northern Ireland.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Freehold - Over 50 Years. Leasehold - Over Lease Term
Plant & machinery
10% Straight Line
Fixtures & fittings
10% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Hillkirk Farms Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
2,250,489
1,972,911
5,992
4,229,392
Additions
3,450
126,047
-
129,497
At 31 March 2025
2,253,939
2,098,958
5,992
4,358,889
At 1 April 2024
259,746
1,403,062
1,024
1,663,832
Charge for the year
-
99,561
599
100,160
At 31 March 2025
259,746
1,502,623
1,623
1,763,992
At 31 March 2025
1,994,193
596,335
4,369
2,594,897
At 31 March 2024
1,990,743
569,849
4,968
2,565,560
Amounts falling due within one year
Trade debtors
185,160
189,165
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
375,976
108,706
Obligations under finance leases and hire purchase contracts
60,198
60,198
Trade creditors
99,763
173,191
Taxes and social security
105,857
118,730
Loans from directors
70,992
69,250
Hillkirk Farms Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
222,218
724,650
Obligations under finance leases and hire purchase contracts
79,389
139,587
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Average number of employees
During the year the average number of employees was 5 (2024: 3).