IRIS Accounts Production v23.3.0.418 NI627660 Board of Directors Board of Directors 1.1.22 31.12.22 31.12.22 1.11.23 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6276602021-12-31NI6276602022-12-31NI6276602022-01-012022-12-31NI6276602020-12-31NI6276602021-01-012021-12-31NI6276602021-12-31NI627660ns10:Originalns15:NorthernIreland2022-01-012022-12-31NI627660ns14:PoundSterlingns10:Original2022-01-012022-12-31NI627660ns10:Originalns10:Director12022-01-012022-12-31NI627660ns10:Original2022-01-012022-12-31NI627660ns10:Originalns10:Director22022-01-012022-12-31NI627660ns10:Original2022-12-31NI627660ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-31NI627660ns10:Originalns10:SmallEntities2022-01-012022-12-31NI627660ns10:Originalns10:Audited2022-01-012022-12-31NI627660ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-31NI627660ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-31NI627660ns10:Originalns10:FullAccounts2022-01-012022-12-31NI627660ns10:CompanySecretary1ns10:Original2022-01-012022-12-31NI627660ns10:Originalns10:RegisteredOffice2022-01-012022-12-31NI627660ns10:Original2021-12-31NI627660ns10:Originalns5:CurrentFinancialInstruments2022-12-31NI627660ns10:Originalns5:CurrentFinancialInstruments2021-12-31NI627660ns10:Originalns5:Non-currentFinancialInstruments2022-12-31NI627660ns10:Originalns5:Non-currentFinancialInstruments2021-12-31NI627660ns5:ShareCapitalns10:Original2022-12-31NI627660ns5:ShareCapitalns10:Original2021-12-31NI627660ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-31NI627660ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-31NI627660ns10:Original2021-01-012021-12-31NI627660ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2021-12-31NI627660ns10:Originalns5:PlantMachinery2021-12-31NI627660ns10:Originalns5:FurnitureFittings2021-12-31NI627660ns10:Original2021-12-31NI627660ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-01-012022-12-31NI627660ns10:Originalns5:PlantMachinery2022-01-012022-12-31NI627660ns10:Originalns5:FurnitureFittings2022-01-012022-12-31NI627660ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-12-31NI627660ns10:Originalns5:PlantMachinery2022-12-31NI627660ns10:Originalns5:FurnitureFittings2022-12-31NI627660ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2021-12-31NI627660ns10:Originalns5:PlantMachinery2021-12-31NI627660ns10:Originalns5:FurnitureFittings2021-12-31NI627660ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31NI627660ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-31
REGISTERED NUMBER: NI627660 (Northern Ireland)















DOONEEN FARMS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






DOONEEN FARMS LTD (REGISTERED NUMBER: NI627660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOONEEN FARMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr Mark Crawford
Mr Ronnie Crawford



SECRETARY: Mrs C Crawford



REGISTERED OFFICE: 10 Lunnon Road
ISLANDMAGEE
Co. Antrim
BT40 3TH



REGISTERED NUMBER: NI627660 (Northern Ireland)



AUDITORS: McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
Donegall Square West
Belfast
BT1 6JS

DOONEEN FARMS LTD (REGISTERED NUMBER: NI627660)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,984,220 1,947,784

CURRENT ASSETS
Stocks 95,262 30,181
Debtors 5 79,381 54,269
Cash at bank 144,006 279,771
318,649 364,221
CREDITORS
Amounts falling due within one year 6 9,489 51,317
NET CURRENT ASSETS 309,160 312,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,293,380

2,260,688

CREDITORS
Amounts falling due after more than one
year

7

(1,993,096

)

(1,997,151

)

PROVISIONS FOR LIABILITIES (13,664 ) (10,258 )
NET ASSETS 286,620 253,279

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 276,620 243,279
286,620 253,279

DOONEEN FARMS LTD (REGISTERED NUMBER: NI627660)

BALANCE SHEET - continued
31 DECEMBER 2022


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 1 November 2023 and were signed on its behalf by:




Mr Ronnie Crawford - Director



Mr Mark Crawford - Director


DOONEEN FARMS LTD (REGISTERED NUMBER: NI627660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Dooneen Farms 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.

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- not provided
Plant & machinery- 15% on reducing balance
Fixtures and fittings- 15% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is defined as the expenditure which has been incurred in the normal course of business in bridging the product to its present location and condition. Net realisable value is the actual or estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distributing.

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.


DOONEEN FARMS LTD (REGISTERED NUMBER: NI627660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

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

Grant income
Grants related to expenditure are credited to the Profit and Loss account as the expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

DOONEEN FARMS LTD (REGISTERED NUMBER: NI627660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Land & Plant and and
buildings machinery fittings Totals
£    £    £    £   
COST
At 1 January 2022 1,778,723 365,425 4,561 2,148,709
Additions 63,000 19,699 618 83,317
Disposals - (34,100 ) - (34,100 )
At 31 December 2022 1,841,723 351,024 5,179 2,197,926
DEPRECIATION
At 1 January 2022 - 198,289 2,636 200,925
Charge for year - 24,884 1,055 25,939
Eliminated on disposal - (13,158 ) - (13,158 )
At 31 December 2022 - 210,015 3,691 213,706
NET BOOK VALUE
At 31 December 2022 1,841,723 141,009 1,488 1,984,220
At 31 December 2021 1,778,723 167,136 1,925 1,947,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 55,460 44,838
Other debtors 23,921 9,431
79,381 54,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 8,333
Trade creditors 3,735 6,670
Taxation and social security 777 32,853
Other creditors 4,977 3,461
9,489 51,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Other creditors 1,993,096 1,997,151

DOONEEN FARMS LTD (REGISTERED NUMBER: NI627660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 623 4,678

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Barnett (Senior Statutory Auditor)
for and on behalf of McAleer Jackson Ltd

9. CAPITAL COMMITMENTS
2022 2021
£    £   
Contracted but not provided for in the
financial statements 750,000 -

10. RELATED PARTY DISCLOSURES

The company has taken advantage of Section 33.1A of FRS102, whereby disclosures need not be given of transactions entered into between members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

11. ULTIMATE CONTROLLING PARTY

Mr R T D Crawford is the ultimate controlling party by virtue of his shareholding in RTD Crawford Holdings Ltd. RTD Crawford Holdings Ltd is the ultimate parent company of the group, of which Dooneen Farms Ltd is a member, for which consolidated financial statements are drawn up.