Registration number: NI652977

Knowehead Poultry Limited

(Registration number: NI652977)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,429	3,006
Tangible assets	5	481,440	540,931
Investment	6	40,000	40,000
		523,869	583,937
Current assets
Debtors	7	81,582	89,628
Cash at bank and in hand		285,693	378,881
		367,275	468,509
Creditors: Amounts falling due within one year	8	(446,235)	(479,207)
Net current liabilities		(78,960)	(10,698)
Total assets less current liabilities		444,909	573,239
Creditors: Amounts falling due after more than one year	8	(92,775)	(100,166)
Provisions for liabilities		(99,874)	(50,431)
Net assets		252,260	422,642
Capital and reserves
Called up share capital	9	100	100
Retained earnings		252,160	422,542
Shareholders' funds		252,260	422,642

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Knowehead Poultry Limited

(Registration number: NI652977)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 11 December 2025 and signed on its behalf by:
 

......................................... Mrs Rachel Wasson Director

......................................... Mr Nigel Wasson Director

Knowehead Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 45 Lislaban Road, Cloughmills, Ballymena, Co. Antrim, BT44 9NS.

These financial statements were authorised for issue by the Board on 11 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Knowehead Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is accounted for on all differences arising from the inclusion of items of income and
expenditure in taxation computations in periods different from those in which they are included in the
financial statements.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Machinery	15% reducing balance
Motor vehicles	25% reducing balance

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Stamp duty land tax	10% straight line

Investments

Investment is carried at fair value, determined annually by the company directors. Changes in fair value are recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Knowehead Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Knowehead Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Intangible assets £	Total £
Cost or valuation
At 1 April 2024	5,771	5,771
At 31 March 2025	5,771	5,771
Amortisation
At 1 April 2024	2,765	2,765
Amortisation charge	577	577
At 31 March 2025	3,342	3,342
Carrying amount
At 31 March 2025	2,429	2,429
At 31 March 2024	3,006	3,006

Knowehead Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Machinery £	Total £
Cost or valuation
At 1 April 2024	45,076	7,500	1,310,075	1,362,651
Additions	7,333	-	8,974	16,307
At 31 March 2025	52,409	7,500	1,319,049	1,378,958
Depreciation
At 1 April 2024	-	6,794	814,926	821,720
Charge for the year	-	177	75,621	75,798
At 31 March 2025	-	6,971	890,547	897,518
Carrying amount
At 31 March 2025	52,409	529	428,502	481,440
At 31 March 2024	45,076	706	495,149	540,931

Included within the net book value of land and buildings above is £52,409 (2024 - £45,076) in respect of freehold land and buildings.
 

6	Investment

	2025 £	2024 £
Investment	40,000	40,000

Investment is stated at cost which the Directors consider to be approximately equal to market value.

7

Debtors

Current	2025 £	2024 £
Trade debtors	70,659	66,268
Other debtors	10,923	23,360
	81,582	89,628

Knowehead Poultry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Bank borrowings	10,000	9,000
HP and finance lease liabilities	2,275	2,730
Amounts owed to parent company	362,520	400,000
Accruals and deferred income	24,796	47,207
Other creditors	46,644	20,270
	446,235	479,207