REGISTERED NUMBER: SC424823 (Scotland)

Hamish Morison Poultry Limited

Unaudited Financial Statements

for the Year Ended 30th November 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Director:

J D Morison

Registered office:

West Morriston

Earlston

Berwickshire

TD4 6AY

Registered number:

SC424823 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

15,025

5,339

Current assets

Stocks

389,839

254,330

Debtors

5

267,040

312,743

Cash at bank

491,087

1,013,187

1,147,966

1,580,260

Creditors

Amounts falling due within one year

6

336,259

297,411

Net current assets

811,707

1,282,849

Total assets less current liabilities

826,732

1,288,188

Provisions for liabilities

3,756

1,335

Net assets

822,976

1,286,853

Capital and reserves

Called up share capital

1

1

Retained earnings

822,975

1,286,852

Shareholders' funds

822,976

1,286,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th August 2026 and were signed by:

J D Morison - Director

1.	Statutory information

Hamish Morison Poultry Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover arising from the sale of eggs is recognised once eggs are collected by the buyer and therefore the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Bird purchases are treated as stock and their cost price is written off on a straight line basis over the birds laying period.

Feed stock is valued at cost price.

Eggs are valued at estimated market value.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other loans and directors' loans.

Directors' loans (being repayable on demand), other loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leasing commitments

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

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.

Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3.	Employees and directors

The average number of employees during the year was 11 (2024 - 10 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st December 2024

13,769

21,063

1,231

36,063

Additions

3,916

9,995

549

14,460

At 30th November 2025

17,685

31,058

1,780

50,523

Depreciation

At 1st December 2024

12,386

17,315

1,023

30,724

Charge for year

1,431

3,228

115

4,774

At 30th November 2025

13,817

20,543

1,138

35,498

Net book value

At 30th November 2025

3,868

10,515

642

15,025

At 30th November 2024

1,383

3,748

208

5,339

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

185,449

248,072

Amounts owed by group undertakings

46,685

38,112

Other debtors

34,906

26,559

267,040

312,743

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

166,190

114,655

Taxation and social security

148,069

161,956

Other creditors

22,000

20,800

336,259

297,411

7.	Related party disclosures

Hamish Morison Poultry Limited is a fully owned subsidiary of Hamish Morison Farming Limited. Hamish Morison Farming Limited is a private company, limited by shares, registered in Scotland.

At 30th November 2025 a loan of £46,685 (2024 - £38,112) was outstanding payable to the company by Hamish Morison Farming Limited. This loan is unsecured, interest free and is repayable on demand.