Acorah Software Products - Accounts Production 19.2.450 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 NI698634 Mr Hampton George Hewitt Mr James Jonathan William Hewitt Markethill Livestock & Farm Sales Limited Quaker Buildings, High Street, Lurgan, Co. Armagh, BT66 8BB true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI698634 2025-01-31 NI698634 2026-01-31 NI698634 2025-02-01 2026-01-31 NI698634 frs-core:CurrentFinancialInstruments 2026-01-31 NI698634 frs-core:Non-currentFinancialInstruments 2026-01-31 NI698634 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-01-31 NI698634 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 NI698634 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 NI698634 frs-core:PlantMachinery 2026-01-31 NI698634 frs-core:PlantMachinery 2025-02-01 2026-01-31 NI698634 frs-core:PlantMachinery 2025-01-31 NI698634 frs-core:ShareCapital 2026-01-31 NI698634 frs-core:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-31 NI698634 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-01-31 NI698634 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 NI698634 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 NI698634 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 NI698634 frs-bus:SmallEntities 2025-02-01 2026-01-31 NI698634 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 NI698634 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 NI698634 1 2025-02-01 2026-01-31 NI698634 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 NI698634 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-01-31 NI698634 frs-bus:Director1 2025-02-01 2026-01-31 NI698634 frs-bus:Director2 2025-02-01 2026-01-31 NI698634 frs-countries:NorthernIreland 2025-02-01 2026-01-31 NI698634 2024-01-31 NI698634 2025-01-31 NI698634 2024-02-01 2025-01-31 NI698634 frs-core:CurrentFinancialInstruments 2025-01-31 NI698634 frs-core:Non-currentFinancialInstruments 2025-01-31 NI698634 frs-core:ShareCapital 2025-01-31 NI698634 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 NI698634 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31
Registered number: NI698634
Mulladry Farm Eggs Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
McCleary & Company Ltd.
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Hampton George Hewitt
Mr James Jonathan William Hewitt
Company Number NI698634
Registered Office Quaker Buildings
High Street
Lurgan
Co. Armagh
BT66 8BB
Business 67 Dobbin Road
Portadown
Co. Armagh
BT62 4EZ
Accountants McCleary & Company Ltd.
Chartered Accountants and Registered Auditors
Quaker Buildings
High Street
Lurgan
Co. Armagh
BT66 8BB
Bankers Danske Bank
Agribusiness
PO Box 183
Belfast
Co. Antrim
BT1 6JS
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Balance Sheet
Registered number: NI698634
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 816,607 803,306
816,607 803,306
CURRENT ASSETS
Debtors 5 - 59,342
Cash at bank and in hand 77,554 158,420
77,554 217,762
Creditors: Amounts Falling Due Within One Year 6 (197,055 ) (184,732 )
NET CURRENT ASSETS (LIABILITIES) (119,501 ) 33,030
TOTAL ASSETS LESS CURRENT LIABILITIES 697,106 836,336
Creditors: Amounts Falling Due After More Than One Year 7 (546,169 ) (700,072 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,756 ) (36,245 )
NET ASSETS 113,181 100,019
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 209,950 209,950
Profit and Loss Account (96,869 ) (110,031 )
SHAREHOLDERS' FUNDS 113,181 100,019
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For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hampton George Hewitt
Director
29 June 2026
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mulladry Farm Eggs Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI698634 . The registered office is Quaker Buildings, High Street, Lurgan, Co. Armagh, BT66 8BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 4% reducing balance and not provided
Plant & Machinery 25% reducing balance
Within Freehold is land that has been included at it's market value at the date of purchase.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 February 2025 471,392 378,009 849,401
Additions 4,931 136,435 141,366
As at 31 January 2026 476,323 514,444 990,767
Depreciation
As at 1 February 2025 8,841 37,254 46,095
Provided during the period 9,398 118,667 128,065
As at 31 January 2026 18,239 155,921 174,160
Net Book Value
As at 31 January 2026 458,084 358,523 816,607
As at 1 February 2025 462,551 340,755 803,306
Cost or valuation as at 31 January 2026 represented by:
Land & Property
Freehold Plant & Machinery Total
£ £ £
At cost 251,323 514,444 765,767
At valuation 225,000 - 225,000
476,323 514,444 990,767
Land has been included at it's market value at the date of purchase.  The surplus on revaluation of £209,950 has been transferred to the Fair Value Reserve.
5. Debtors
2026 2025
£ £
Due within one year
Other debtors - 59,342
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6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 9,117 17,522
Bank loans and overdrafts 56,492 54,395
Amounts owed to group undertakings 4,815 4,815
Other creditors 102,644 108,000
Taxation and social security 23,987 -
197,055 184,732
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 546,169 700,072
8. Secured Creditors
Of the creditors the amounts below are secured.
Northern Bank Limited hold a fixed and floating charge over all property or undertaking of the company and a fixed charge over all that and those lands and premises situate at lands at Dobbin Road, Portadown, Co. Armagh which are comprised in a transfer dated 29 May 2024 between Hampton George Hewitt and Sharon Carol Hewitt of the one part and the mortgagor of the other part which are part of the lands and premises in Folio 13815 and AR122940 County Armagh.
2026 2025
£ £
Bank loans and overdrafts 602,661 754,467
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 February 2025 209,950 (110,031 )
Profit for the year and total comprehensive income - 13,162
As at 31 January 2026 209,950 (96,869 )
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Markethill Livestock & Farm Sales Limited . Markethill Livestock & Farm Sales Limited was incorporated in Northern Ireland. It's registered office is Quaker Buildings, High Street, Lurgan, Co. Armagh, BT66 8BB . The ultimate controlling party is Markethill Livestock & Farm Sales Limited who controls 100% of the shares of Mulladry Farm Eggs Ltd .
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