Hollowpark Poultry Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI621859

Hollowpark Poultry Limited

Filleted Unaudited Financial Statements

31 December 2024

Hollowpark Poultry Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		584,242	630,426

Current assets

Debtors	6	1,880		–

Creditors: amounts falling due within one year	7	228,907		256,686
		---------		---------
Net current liabilities			227,027	256,686
			---------	---------
Total assets less current liabilities			357,215	373,740

Creditors: amounts falling due after more than one year	8		293,665	334,318

Provisions

Taxation including deferred tax	36,201	38,153
	---------	---------
Net assets	27,349	1,269
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	27,249	1,169
	--------	-------
Shareholders funds	27,349	1,269
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hollowpark Poultry Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:

Mr G Rodgers	Mrs C Rodgers
Director	Director

Company registration number: NI621859

Hollowpark Poultry Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Norhtern Ireland. The address of the registered office is 1 Glasmullagh Road, OMAGH, Co Tyrone, BT78 5RJ. The principal activity of the company during the year was poultry farming.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	4% straight line
Plant and machinery	-	10% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 January 2024	687,214	615,838	1,303,052
Additions	–	44,921	44,921
Disposals	( 9,410)	–	( 9,410)
	---------	---------	------------
At 31 December 2024	677,804	660,759	1,338,563
	---------	---------	------------
Depreciation
At 1 January 2024	211,857	460,769	672,626
Charge for the year	27,112	54,583	81,695
	---------	---------	------------
At 31 December 2024	238,969	515,352	754,321
	---------	---------	------------
Carrying amount
At 31 December 2024	438,835	145,407	584,242
	---------	---------	------------
At 31 December 2023	475,357	155,069	630,426
	---------	---------	------------

6. Debtors

	2024	2023
	£	£
Other debtors	1,880	–
	-------	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	96,659	170,283
Trade creditors	7,231	5,167
Social security and other taxes	43,122	41,366
Other creditors	81,895	39,870
	---------	---------
	228,907	256,686
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	187,221	222,902
Other creditors	106,444	111,416
	---------	---------
	293,665	334,318
	---------	---------

9. Directors' advances, credits and guarantees

During the year the directors provided interest free loans of £35,311 to the company. The balance owed by the company at 31 December 2024 was £62,480 (2023: £27,169).