REGISTERED NUMBER: NI667571 (Northern Ireland)

SESKINORE POULTRY FARM LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr G Walker

Mr C Elkin

REGISTERED OFFICE:

16 Mullagharn Road

Gillygooley

Omagh

United Kingdom

Co. Tyrone

BT78 5QG

REGISTERED NUMBER:

NI667571 (Northern Ireland)

ACCOUNTANTS:

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

Ulster Bank Limited

14 High Street

OMAGH

Co. Tyrone

BT78 1BJ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 May 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

21 May 2026

FIXED ASSETS

Tangible assets

4

1,507,472

1,168,333

CURRENT ASSETS

Stocks

88,583

67,005

Debtors

5

552,789

432,868

Cash at bank

77,304

46,496

718,676

546,369

CREDITORS

Amounts falling due within one year

6

279,497

342,893

NET CURRENT ASSETS

439,179

203,476

TOTAL ASSETS LESS CURRENT LIABILITIES

1,946,651

1,371,809

CREDITORS

Amounts falling due after more than one year

7

(738,384

)

(821,067

)

PROVISIONS FOR LIABILITIES

(170,509

)

(85,508

)

NET ASSETS

1,037,758

465,234

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,037,658

465,134

1,037,758

465,234

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 21 May 2026 and were signed on its behalf by:

Mr C Elkin - Director

Mr G Walker - Director

1.	STATUTORY INFORMATION

Seskinore Poultry Farm Ltd 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.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for

impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life

Land & buildings - 5% straight line

Plant and machinery - 20% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land &

Plant and

buildings

machinery

Totals

£

£

£

COST

At 1 June 2024

924,912

450,950

1,375,862

Additions

-

529,875

529,875

At 31 May 2025

924,912

980,825

1,905,737

DEPRECIATION

At 1 June 2024

79,248

128,281

207,529

Charge for year

20,227

170,509

190,736

At 31 May 2025

99,475

298,790

398,265

NET BOOK VALUE

At 31 May 2025

825,437

682,035

1,507,472

At 31 May 2024

845,664

322,669

1,168,333

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

147,729

114,140

Other debtors

405,060

318,728

552,789

432,868

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

94,208

114,569

Hire purchase contracts

25,980

19,833

Trade creditors

39,659

170,057

Taxation and social security

108,023

26,387

Other creditors

11,627

12,047

279,497

342,893

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

433,346

493,073

Hire purchase contracts

21,334

21,480

Other creditors

283,704

306,514

738,384

821,067

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Directors loan

62,072

63,072

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

509,339

579,575

Bank loans & overdrafts are secured by a legal charge over lands owned by the company together with a fixed & floating charge over all the property of the company together with a personal guarantee.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the year, the company owed a member of key management personnel £62,072 (2024 - £63,072). No interest is to be charged on the loan. At the balance sheet date, this loan is presented within creditors: amounts falling due after more than one year.

10.	RELATED PARTY DISCLOSURES

As at 31 May 2025 the company owed a loan of £122,862 to GMW Poultry Ltd. No interest is to be charged on this. At the balance sheet date, the loan is presented within creditors: amounts falling due after one year.

GMW Poultry Ltd owns 50% of the share capital of Seskinore Poultry Farm Ltd.

As at 31 May 2025 the company owed a loan of £86,450 to CJEP Limited. No interest is to be charged on this. At the balance sheet date, the loan is presented within creditors: amounts falling due after one year.

CJEP Limited owns 50% of the share capital of Seskinore Poultry Farm Ltd.

As at 31 May 2025 the company was owed a loan of £276,000 from REW Poultry Limited. No interest is to be charged on this. At the balance sheet date, the loan is presented within debtors: amounts falling due after one year.