Registration number: NI709971

Hillside Commercial Livestock Ltd

(Registration number: NI709971)
Balance Sheet as at 30 June 2025

	Note	30 June 2025 £	28 February 2025 £
Fixed assets
Tangible assets	4	179,542	174,917
Current assets
Stocks	5	891,600	797,800
Debtors	6	8,339	339
Cash at bank and in hand		3,536	27,374
		903,475	825,513
Creditors: Amounts falling due within one year	7	(51,032)	(72,451)
Net current assets		852,443	753,062
Total assets less current liabilities		1,031,985	927,979
Creditors: Amounts falling due after more than one year	7	(1,029,737)	(1,001,067)
Net assets/(liabilities)		2,248	(73,088)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		2,148	(73,188)
Shareholders' funds/(deficit)		2,248	(73,088)

For the financial period ending 30 June 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 period 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.

Hillside Commercial Livestock Ltd

(Registration number: NI709971)
Balance Sheet as at 30 June 2025

Approved and authorised by the Board on 26 June 2026 and signed on its behalf by:
 

......................................... Mr Ivan Lynn Director

Hillside Commercial Livestock Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 June 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: 172 Glenshesk Road, Armoy, Ballymoney, Co. Antrim, BT53 8RL.

These financial statements were authorised for issue by the Board on 26 June 2026.

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

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.

Hillside Commercial Livestock Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 June 2025

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
Shed	4% per annum straight line basis
Plant and machinery	20% per annum straight line basis

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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Hillside Commercial Livestock Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 June 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2025 - 2).

4	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
At 1 March 2025	100,173	91,667	191,840
Additions	-	10,625	10,625
At 30 June 2025	100,173	102,292	202,465
Depreciation
At 1 March 2025	2,671	14,252	16,923
Charge for the period	1,336	4,664	6,000
At 30 June 2025	4,007	18,916	22,923
Carrying amount
At 30 June 2025	96,166	83,376	179,542
At 28 February 2025	97,502	77,415	174,917

Included within the net book value of land and buildings above is £96,166 (February 2025 - £97,502) in respect of freehold land and buildings.
 

5

Stocks

	30 June 2025 £	28 February 2025 £
Other inventories	891,600	797,800

6

Debtors

Current	30 June 2025 £	28 February 2025 £
Other debtors	8,339	339
	8,339	339

Hillside Commercial Livestock Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	30 June 2025 £	28 February 2025 £
Due within one year
Loans and borrowings	9	8,373	8,492
Trade creditors		40,659	61,959
Accruals and deferred income		2,000	2,000
		51,032	72,451

Creditors: amounts falling due after more than one year

	Note	30 June 2025 £	28 February 2025 £
Due after one year
Loans and borrowings	9	45,824	47,671
Other financial liabilities	10	983,913	953,396
		1,029,737	1,001,067

8	Share capital

Allotted, called up and fully paid shares

	30 June 2025		28 February 2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	30 June 2025 £	28 February 2025 £
Bank borrowings	45,824	47,671

Hillside Commercial Livestock Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 June 2025

Current loans and borrowings

	30 June 2025 £	28 February 2025 £
Bank borrowings	8,373	8,492

10	Related party transactions

Creditors due greater than one year includes a balance of £983,913 (February 2025: £953,396) owed to I J Lynn & Sons Ltd, a company controlled by Ivan Lynn company director.