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REGISTERED NUMBER: NI067012 (Northern Ireland)













Cairnleigh Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2024






Cairnleigh Ltd (Registered number: NI067012)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 6


Cairnleigh Ltd

Company Information
for the Year Ended 31 August 2024







Director: Mr C McHenry





Secretary: Mrs F McHenry





Registered office: 15 Brankinstown Road
Aghalee
Lurgan
Co Armagh
BT67 0DF





Registered number: NI067012 (Northern Ireland)





Accountants: Wylie Ruddell
Chartered Accountants
Armagh Business Centre
2 Loughgall Road
Armagh
BT61 7NH

Cairnleigh Ltd (Registered number: NI067012)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 4 306,218 368,440

Current assets
Inventories 5 409,110 396,420
Receivables 6 121,927 84,065
Cash at bank 7 386,947 406,233
917,984 886,718
Payables
Amounts falling due within one year 8 (192,893 ) (187,221 )
Net current assets 725,091 699,497
Total assets less current liabilities 1,031,309 1,067,937

Payables
Amounts falling due after more than one
year

9

-

(19,259

)

Provisions for liabilities 10 (69,624 ) (85,018 )
Net assets 961,685 963,660

Capital and reserves
Called up share capital 11 1 1
Retained earnings 961,684 963,659
Shareholders' funds 961,685 963,660

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 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:



Mr C McHenry - Director


Cairnleigh Ltd (Registered number: NI067012)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. Statutory information

Cairnleigh 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

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

Cost includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 Statement of Financial Position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cairnleigh Ltd (Registered number: NI067012)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. Accounting policies - continued

Receivables
Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Payables
Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 7 ) .

4. Property, plant and equipment
Land and Plant and Motor
buildings machinery vehicles Totals
£ £ £ £
Cost
At 1 September 2023 32,234 544,317 41,067 617,618
Additions - 9,036 - 9,036
Disposals - (3,136 ) - (3,136 )
At 31 August 2024 32,234 550,217 41,067 623,518
Depreciation
At 1 September 2023 3,868 229,261 16,049 249,178
Charge for year 645 64,021 6,255 70,921
Eliminated on disposal - (2,799 ) - (2,799 )
At 31 August 2024 4,513 290,483 22,304 317,300
Net book value
At 31 August 2024 27,721 259,734 18,763 306,218
At 31 August 2023 28,366 315,056 25,018 368,440

Cairnleigh Ltd (Registered number: NI067012)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. Inventories
2024 2023
£ £
Farm stock 359,110 346,420
Work-in-progress 50,000 50,000
409,110 396,420

6. Receivables: amounts falling due within one year
2024 2023
£ £
Trade receivables 97,192 61,072
Other receivables 24,735 22,993
121,927 84,065

7. Cash at bank
2024 2023
£ £
Cash at bank 386,947 406,233

8. Payables: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 9,810
Trade payables 104,678 110,633
Taxation and social security 18,464 9,370
Other payables 69,751 57,408
192,893 187,221

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 19,259

10. Provisions for liabilities
2024 2023
£ £
Deferred Tax 69,624 85,018

Deferred tax
£
Balance at 1 September 2023 85,018
Credit to Statement of income and retained earnings during year (15,394 )
Balance at 31 August 2024 69,624

11. Called up share capital

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

Cairnleigh Ltd (Registered number: NI067012)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


12. Director's advances, credits and guarantees

The following loan to the company from a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
Mr C McHenry
Balance outstanding at start of year 10,082 13,848
Amounts advanced 122,108 95,790
Amounts repaid (67,270 ) (99,556 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,920 10,082