2023-05-01 NI677856 2024-04-30 NI677856 2023-05-01 2024-04-30 NI677856 2023-04-30 NI677856 2022-05-01 2023-04-30 NI677856 uk-core:WithinOneYear 2023-04-30 NI677856 uk-core:WithinOneYear 2024-04-30 NI677856 uk-core:AfterOneYear 2023-04-30 NI677856 uk-core:AfterOneYear 2024-04-30 NI677856 uk-core:ShareCapital 2024-04-30 NI677856 uk-core:ShareCapital 2023-04-30 NI677856 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI677856 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI677856 uk-bus:Director1 2023-05-01 2024-04-30 NI677856 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI677856 uk-core:ComputerEquipment 2023-05-01 2024-04-30 NI677856 uk-core:CommercialMotorVehicles 2023-05-01 2024-04-30 NI677856 uk-core:FurnitureFittings 2023-05-01 2024-04-30 NI677856 uk-core:ComputerEquipment 2023-04-30 NI677856 uk-core:FurnitureFittings 2023-04-30 NI677856 uk-core:CommercialMotorVehicles 2023-04-30 NI677856 uk-core:PlantMachinery 2023-04-30 NI677856 uk-core:LandBuildings 2023-04-30 NI677856 uk-core:LandBuildings 2023-05-01 2024-04-30 NI677856 uk-core:LandBuildings 2024-04-30 NI677856 uk-core:CommercialMotorVehicles 2024-04-30 NI677856 uk-core:FurnitureFittings 2024-04-30 NI677856 uk-core:ComputerEquipment 2024-04-30 NI677856 uk-core:PlantMachinery 2024-04-30 NI677856 uk-core:CostValuation 2023-04-30 NI677856 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-04-30 NI677856 uk-core:AdditionsToInvestments 2024-04-30 NI677856 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-04-30 NI677856 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-04-30 NI677856 uk-core:CostValuation 2024-04-30 NI677856 uk-core:Non-currentFinancialInstruments 2024-04-30 NI677856 uk-core:Non-currentFinancialInstruments 2023-04-30 NI677856 uk-core:AfterOneYear uk-core:Secured 2024-04-30 NI677856 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure NI677856 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI677856 uk-bus:FRS102 2023-05-01 2024-04-30 NI677856 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 NI677856 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Loughside Enterprises Ltd
Registered Number:NI677856
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 April 2024
Loughside Enterprises Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI677856
As at 30 April 2024
Loughside Enterprises Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,667,918
1,447,794
2
Financial assets
9,867,791
8,050,852
3
9,718,770
11,315,585
Current assets
Inventories
5,212
15,458
4
Trade and other receivables
1,837,433
3,438,884
5
378,554
Cash and cash equivalents
544,167
3,998,509
2,221,199
Trade and other payables: amounts falling due within one
year
(97,275)
(52,285)
6
2,123,924
3,946,224
Net current assets
Total assets less current liabilities
13,664,994
13,439,509
Trade and other payables: amounts falling due after more
than one year
(500,000)
(448,248)
7
13,216,746
Net assets
12,939,509
Capital and reserves
Called up share capital
51
51
Retained earnings
13,216,695
12,939,458
13,216,746
12,939,509
Shareholders' funds
For the year ended 30 April 2024 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 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
Mr Conall Humston Director
These financial statements were approved and authorised for issue by the Board on 21 January 2025 and were signed by:
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4
Registered Number :
NI677856
For the year ended 30 April 2024
Loughside Enterprises Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 April 2024
Loughside Enterprises Ltd
Notes to the Financial Statements
Statutory Information
Loughside Enterprises Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI677856.
Registered address:
517 Loughshore Road
Legg
Belleek
Fermanagh
BT93 3BP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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.
Property, plant and equipment
Property, plant and equipment, 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 and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 May 2023
1,495,946
548
96,955
62,104
33,000
1,303,339
261,010
-
19,089
-
-
241,921
Additions
At 30 April 2024
1,545,260
62,104
116,044
548
1,756,956
33,000
Provision for depreciation and impairment
At 01 May 2023
48,152
137
24,239
15,526
8,250
-
Charge for year
40,886
103
22,951
11,644
6,188
-
At 30 April 2024
89,038
240
47,190
27,170
14,438
-
At 30 April 2024
Net book value
1,545,260
18,562
34,934
68,854
308
1,667,918
1,303,339
24,750
46,578
72,716
411
1,447,794
At 30 April 2023
3 of 5
6
For the year ended 30 April 2024
Loughside Enterprises Ltd
Notes to the Financial Statements Continued
3. Investments held as fixed assets
Other investments
Total
At 01 May 2023
9,867,791
9,867,791
Cost
£
£
(1,816,939)
(1,816,939)
Additions
At 30 April 2024
8,050,852
8,050,852
At 30 April 2024
Net book value
8,050,852
8,050,852
At 01 May 2023
9,867,791
9,867,791
4. Inventories
2023
2024
£
£
Stocks
15,458
5,212
5. Trade and other receivables
2023
2024
£
£
Other debtors
3,438,884
1,837,433
The debtors above include the following amounts falling due after more than one year:
Other debtors
1,025,526
961,863
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5,801
17,453
Taxation and social security
32,249
-
Other creditors
14,235
79,822
52,285
97,275
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7
For the year ended 30 April 2024
Loughside Enterprises Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
448,248
500,000
Other creditors
-
-
448,248
500,000
8. Average number of persons employed
During the year the average number of employees was 17 (2023 : 16)
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