REGISTERED NUMBER: NI671183 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Glenhoy Poultry Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Robson

Mr J Robson

REGISTERED OFFICE:

27 Glenhoy Road

AUGHER

Co. Tyrone

BT77 0DG

REGISTERED NUMBER:

NI671183 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

FIXED ASSETS

Intangible assets

4

130,000

145,000

Tangible assets

5

4,741,369

2,665,401

Investment property

6

150,000

-

5,021,369

2,810,401

CURRENT ASSETS

Stocks

659,412

302,496

Debtors

7

533,835

611,374

Cash at bank

58

178,914

1,193,305

1,092,784

CREDITORS

Amounts falling due within one year

8

896,750

1,727,005

NET CURRENT ASSETS/(LIABILITIES)

296,555

(634,221

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,317,924

2,176,180

CREDITORS

Amounts falling due after more than one year

9

(4,413,059

)

(1,759,399

)

PROVISIONS FOR LIABILITIES

(179,194

)

-

NET ASSETS

725,671

416,781

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

725,571

416,681

725,671

416,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 December 2025 and were signed on its behalf by:

Mrs A Robson - Director

1.	STATUTORY INFORMATION

Glenhoy Poultry Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, 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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

33% on cost, 20% reducing balance and 15% reducing balance

Buildings are to be depreciated evenly over their estimated useful life, beginning once they

become available for use.

No depreciation is charged on land.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

150,000

AMORTISATION

At 1 April 2024

5,000

Charge for year

15,000

At 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

130,000

At 31 March 2024

145,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

2,344,707

720,797

55,224

4,522

3,125,250

Additions

2,026,075

332,576

98,523

-

2,457,174

Disposals

-

(15,462

)

-

-

(15,462

)

At 31 March 2025

4,370,782

1,037,911

153,747

4,522

5,566,962

DEPRECIATION

At 1 April 2024

231,546

202,435

21,981

3,887

459,849

Charge for year

218,539

126,216

26,353

602

371,710

Eliminated on disposal

-

(5,966

)

-

-

(5,966

)

At 31 March 2025

450,085

322,685

48,334

4,489

825,593

NET BOOK VALUE

At 31 March 2025

3,920,697

715,226

105,413

33

4,741,369

At 31 March 2024

2,113,161

518,362

33,243

635

2,665,401

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

150,000

At 31 March 2025

150,000

NET BOOK VALUE

At 31 March 2025

150,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

127,628

299,637

Amounts owed by related parties

372,226

285,075

Other debtors

33,981

26,662

533,835

611,374

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

262,403

88,169

Hire purchase contracts

106,000

20,679

Trade creditors

231,773

192,372

Social security and other taxes

1,573

1,371

Other creditors

293,001

1,422,664

Accrued expenses

2,000

1,750

896,750

1,727,005

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

2,636,964

1,117,444

Hire purchase contracts

239,573

16,414

Directors' loan accounts

1,536,522

625,541

4,413,059

1,759,399