IRIS Accounts Production v24.2.0.383 NI672071 director 1.9.22 31.8.23 31.8.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6720712022-08-31NI6720712023-08-31NI6720712022-09-012023-08-31NI6720712021-08-31NI6720712021-09-012022-08-31NI6720712022-08-31NI672071ns15:NorthernIreland2022-09-012023-08-31NI672071ns14:PoundSterling2022-09-012023-08-31NI672071ns10:Director12022-09-012023-08-31NI672071ns10:PrivateLimitedCompanyLtd2022-09-012023-08-31NI672071ns10:SmallEntities2022-09-012023-08-31NI672071ns10:AuditExemptWithAccountantsReport2022-09-012023-08-31NI672071ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31NI672071ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31NI672071ns10:FullAccounts2022-09-012023-08-31NI672071ns10:RegisteredOffice2022-09-012023-08-31NI672071ns5:CurrentFinancialInstruments2023-08-31NI672071ns5:CurrentFinancialInstruments2022-08-31NI672071ns5:ShareCapital2023-08-31NI672071ns5:ShareCapital2022-08-31NI672071ns5:RetainedEarningsAccumulatedLosses2023-08-31NI672071ns5:RetainedEarningsAccumulatedLosses2022-08-31NI672071ns5:LandBuildings2022-08-31NI672071ns5:PlantMachinery2022-08-31NI672071ns5:LandBuildings2022-09-012023-08-31NI672071ns5:PlantMachinery2022-09-012023-08-31NI672071ns5:LandBuildings2023-08-31NI672071ns5:PlantMachinery2023-08-31NI672071ns5:LandBuildings2022-08-31NI672071ns5:PlantMachinery2022-08-31NI672071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31NI672071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: NI672071 (Northern Ireland)











Mooney Farms Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2023






Mooney Farms Ltd (Registered number: NI672071)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Mooney Farms Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: K Mooney





REGISTERED OFFICE: Mooney Farms
Maphoner Road
Mullaghbawn
Newry
Co. Down
BT35 9TR





REGISTERED NUMBER: NI672071 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Mooney Farms Ltd

Report of the Accountants to the Director of
Mooney Farms Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


30 August 2024

Mooney Farms Ltd (Registered number: NI672071)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,440 67,383

CURRENT ASSETS
Stocks 15,900 24,000
Debtors 5 5,625 1,800
Cash at bank 289 31,340
21,814 57,140
CREDITORS
Amounts falling due within one year 6 129,153 123,027
NET CURRENT LIABILITIES (107,339 ) (65,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,899

)

1,496

PROVISIONS FOR LIABILITIES - 391
NET (LIABILITIES)/ASSETS (51,899 ) 1,105

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (51,900 ) 1,104
SHAREHOLDERS' FUNDS (51,899 ) 1,105

Mooney Farms Ltd (Registered number: NI672071)

Balance Sheet - continued
31 August 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





K Mooney - Director


Mooney Farms Ltd (Registered number: NI672071)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Mooney 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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.

Mooney Farms Ltd (Registered number: NI672071)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 26,461 55,498 81,959
Additions - 17,040 17,040
Disposals - (31,000 ) (31,000 )
At 31 August 2023 26,461 41,538 67,999
DEPRECIATION
At 1 September 2022 - 14,576 14,576
Charge for year - 5,783 5,783
Eliminated on disposal - (7,800 ) (7,800 )
At 31 August 2023 - 12,559 12,559
NET BOOK VALUE
At 31 August 2023 26,461 28,979 55,440
At 31 August 2022 26,461 40,922 67,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,800 1,800
Other debtors 3,825 -
5,625 1,800

Mooney Farms Ltd (Registered number: NI672071)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,048 1,810
Taxation and social security 6,847 3,967
Other creditors 117,258 117,250
129,153 123,027