BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the production of electricity. 7 February 2025 1 1 NI631876 2024-05-31 NI631876 2023-05-31 NI631876 2022-05-31 NI631876 2023-06-01 2024-05-31 NI631876 2022-06-01 2023-05-31 NI631876 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI631876 uk-curr:PoundSterling 2023-06-01 2024-05-31 NI631876 uk-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI631876 uk-bus:FullAccounts 2023-06-01 2024-05-31 NI631876 uk-core:ShareCapital 2024-05-31 NI631876 uk-core:ShareCapital 2023-05-31 NI631876 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI631876 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI631876 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI631876 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI631876 uk-bus:FRS102 2023-06-01 2024-05-31 NI631876 uk-core:PlantMachinery 2023-06-01 2024-05-31 NI631876 uk-core:CurrentFinancialInstruments 2024-05-31 NI631876 uk-core:CurrentFinancialInstruments 2023-05-31 NI631876 uk-core:WithinOneYear 2024-05-31 NI631876 uk-core:WithinOneYear 2023-05-31 NI631876 uk-core:WithinOneYear 2024-05-31 NI631876 uk-core:WithinOneYear 2023-05-31 NI631876 uk-core:AfterOneYear 2024-05-31 NI631876 uk-core:AfterOneYear 2023-05-31 NI631876 uk-core:BetweenOneTwoYears 2024-05-31 NI631876 uk-core:BetweenOneTwoYears 2023-05-31 NI631876 uk-core:BetweenTwoFiveYears 2024-05-31 NI631876 uk-core:BetweenTwoFiveYears 2023-05-31 NI631876 uk-core:ParentEntities 2023-06-01 2024-05-31 NI631876 uk-countries:NorthernIreland 2023-06-01 2024-05-31 NI631876 uk-bus:Director1 2023-06-01 2024-05-31 NI631876 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI631876
 
 
Cruckaclady Mountain Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 May 2024
Cruckaclady Mountain Limited
Company Registration Number: NI631876
Statement of Financial Position
as at 31 May 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 332,660 355,596
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Current Assets
Debtors 6 125 125
Cash and cash equivalents 105,795 64,171
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105,920 64,296
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Creditors: amounts falling due within one year 7 (249,432) (187,763)
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Net Current Liabilities (143,512) (123,467)
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Total Assets less Current Liabilities 189,148 232,129
 
Creditors:
amounts falling due after more than one year 8 (145,700) (200,900)
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Net Assets 43,448 31,229
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Capital and Reserves
Called up share capital 100 100
Retained earnings 43,348 31,129
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Equity attributable to owners of the company 43,448 31,229
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 7 February 2025
           
           
________________________________          
Iain Lees          
Director          
           



Cruckaclady Mountain Limited
Notes to the Financial Statements
for the financial year ended 31 May 2024

   
1. General Information
 
Cruckaclady Mountain Limited is a company limited by shares incorporated in Northern Ireland. 7 Glenmore Manor, Lisburn, Co. Antrim is the registered office, which is also the principal place of business of the company. The principal activity of the company is the production of electricity. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the period ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 5% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company does not currently operate a defined contribution pension scheme, as there are no directly employed staff.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The Director believes that it is appropriate to prepare the company's financial statements on a going concern basis as current and future sources of funding are expected to be more than adequate for the company's needs, until such time as cash inflows from profitable trading exceed outflows consistently. The Director considers that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, the Director has paid particular attention to a period of not less than one year from the date of approval of the financial statements.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Directors 1 1
  ═════════ ═════════
       
5. Property, plant and equipment
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 June 2023 555,942 555,942
Additions 4,923 4,923
  ───────── ─────────
At 31 May 2024 560,865 560,865
  ───────── ─────────
Depreciation
At 1 June 2023 200,346 200,346
Charge for the financial year 27,859 27,859
  ───────── ─────────
At 31 May 2024 228,205 228,205
  ───────── ─────────
Net book value
At 31 May 2024 332,660 332,660
  ═════════ ═════════
At 31 May 2023 355,596 355,596
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Other debtors 125 125
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loans and overdrafts 22,500 22,500
Amounts owed to connected parties (Note 11) 203,967 151,607
Taxation  (Note 9) 16,690 7,381
Accruals 6,275 6,275
  ───────── ─────────
  249,432 187,763
  ═════════ ═════════
 
Loans are secured by a fixed and floating charge in favour of AIB Group (UK) PLC, for land and premises at Ligford Road, Co Tyrone.
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loans and overdraft 132,400 187,600
Accrued expenditure 13,300 13,300
  ───────── ─────────
  145,700 200,900
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 22,500 22,500
Repayable between one and two years 22,500 22,500
Repayable between two and five years 109,900 165,100
  ───────── ─────────
  154,900 210,100
  ═════════ ═════════
 
 
AIB Group (UK) PLC  held a fixed and floating charge over the company's lands and property as security for the bank loan.
       
9. Taxation 2024 2023
  £ £
 
Creditors:
VAT 8,048 4,944
Corporation tax 8,642 2,437
  ───────── ─────────
  16,690 7,381
  ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2024.
           
11. Related party transactions
 
The following amounts are due to other connected parties:
      2024 2023
      £ £
 
GEINI Limited     203,967 151,607
      ═════════ ═════════
 
At the year end, a balance of £203,967 (2023: £151,607) was owed to the company's parent, GEINI Limited.
   
12. Parent company
 
The company regards GEINI Limited as its parent company.
 
GEINI Limited is exempt from preparing consolidated financial statements, as the group qualifies as small.
GEINI Limited is registered in Northern Ireland.
 
   
13. Controlling interest
 
The company regards its parent company, GEINI Limited as the ultimate controlling party.
   
14. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.