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REGISTERED NUMBER: NI623037 (Northern Ireland)















SLUGGAN FARMS LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






SLUGGAN FARMS LIMITED (REGISTERED NUMBER: NI623037)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


SLUGGAN FARMS LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Martina Murphy





REGISTERED OFFICE: 91 Sluggan Road
Pomeroy
Dungannon
Co. Tyrone
BT70 2UP





REGISTERED NUMBER: NI623037 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sluggan Farms Limited

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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company for the year ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to her in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position as at 31 August 2024 your duty to ensure that the Company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


26 February 2025

SLUGGAN FARMS LIMITED (REGISTERED NUMBER: NI623037)

Statement of Financial Position
31 AUGUST 2024

2024 2023
Notes £ £
CURRENT ASSETS
Inventories 72,514 106,415
Receivables: amounts falling due within
one year

5

272,255

87,841
Cash at bank 33,734 86,693
378,503 280,949
PAYABLES
Amounts falling due within one year 6 (132,243 ) (170,073 )
NET CURRENT ASSETS 246,260 110,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,260

110,876

PAYABLES
Amounts falling due after more than
one year

7

-

(18,102

)
NET ASSETS 246,260 92,774

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 246,250 92,764
SHAREHOLDERS' FUNDS 246,260 92,774

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 26 February 2025 and were signed by:





Martina Murphy - Director


SLUGGAN FARMS LIMITED (REGISTERED NUMBER: NI623037)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Sluggan Farms Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

Finance costs
Finance costs are charged to the Income Statement over the term of the debt.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 58,468 85,418
Amounts owed by group undertakings 207,726 -
Other receivables 6,061 2,423
272,255 87,841

SLUGGAN FARMS LIMITED (REGISTERED NUMBER: NI623037)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 10,644
Trade payables 104,477 68,341
Amounts owed to group undertakings - 3,071
Taxation and social security - 60,440
Other payables 27,766 27,577
132,243 170,073

The amounts owed to the group undertakings are interest free and repayable on demand.

7. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans - 18,102

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10 Ordinary 1 10 10

9. RELATED PARTY DISCLOSURES

The company has availed of the exemption under FRS 102 in relation to the disclosure of
transactions with group companies.