Registered Number
:
NI
610358
|
For the year ended 31 December 2020
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2020
Hallview Farm Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Hallview Farm Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
321,513
354,865
2
321,513
354,865
45,630
124,100
3
Trade and other receivables
|
5,301
18,284
4
-
50,000
5
49,313
Cash and cash equivalents
|
222,927
415,311
100,244
Trade and other payables
:
amounts falling due within one
|
year
|
(236,046)
(286,392)
6
(135,802)
128,919
Net current assets
Total assets less current liabilities
|
450,432
219,063
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(50,000)
7
400,432
Net assets
219,063
1
-
400,431
219,063
400,432
219,063
Shareholders' funds
For the year ended 31 December 2020 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 of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 31 May 2021 and were signed by:
|
1 of 5
For the year ended 31 December 2020
Hallview Farm Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 December 2020
Hallview Farm Limited
Notes to the Financial Statements
Statutory Information
Hallview Farm Limited is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
registration
|
number NI
610358
.
|
39 Church Street
Ballynahinch
Co Down
Northern Ireland
BT24 8AF
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention
|
as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant & Machinery - 20% reducing balanceMotor Vehicles - 25% reducing balance
|
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the
|
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
|
depreciation would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
3 of 5
For the year ended 31 December 2020
Hallview Farm Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
488,786
20,250
327,492
141,044
10,461
-
10,461
-
141,044
337,953
20,250
499,247
Provision for depreciation and impairment
|
133,921
5,679
128,242
-
Charge for year
43,813
2,916
40,897
-
177,734
8,595
169,139
-
141,044
168,814
11,655
321,513
141,044
199,250
14,571
354,865
2019
2020
124,100
45,630
4
.
Trade and other receivables
|
2019
2020
15,898
3,550
2,386
1,751
5,301
18,284
5
.
Financial instruments at fair value
|
2019
2020
50,000
-
4 of 5
For the year ended 31 December 2020
Hallview Farm Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
131,855
140,507
Taxation and social security
|
51,956
2,896
102,581
92,643
286,392
236,046
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
Bank loans and overdraft
(
secured
)
|
50,000
-
8
.
Average number of persons employed
|
During the year the average number of employees was 4 (2019 : 4)
5 of 5