BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the year continued to be mixed farming and agricultural machinery sales. 16 February 2025 6 6 NI612371 2024-04-30 NI612371 2023-04-30 NI612371 2022-04-30 NI612371 2023-05-01 2024-04-30 NI612371 2022-05-01 2023-04-30 NI612371 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI612371 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI612371 uk-bus:AbridgedAccounts 2023-05-01 2024-04-30 NI612371 uk-core:ShareCapital 2024-04-30 NI612371 uk-core:ShareCapital 2023-04-30 NI612371 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI612371 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI612371 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI612371 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI612371 uk-bus:FRS102 2023-05-01 2024-04-30 NI612371 uk-core:LandBuildings 2023-05-01 2024-04-30 NI612371 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI612371 2023-05-01 2024-04-30 NI612371 uk-bus:Director1 2023-05-01 2024-04-30 NI612371 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI612371
 
 
Annaloughan Farms Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Annaloughan Farms Ltd
Company Registration Number: NI612371
ABRIDGED BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 166,271 141,651
───────── ─────────
 
Current Assets
Stocks 136,256 124,592
Debtors 13,206 5,119
───────── ─────────
149,462 129,711
───────── ─────────
Creditors: amounts falling due within one year (52,107) (28,366)
───────── ─────────
Net Current Assets 97,355 101,345
───────── ─────────
Total Assets less Current Liabilities 263,626 242,996
 
Creditors:
amounts falling due after more than one year (172,805) (163,029)
───────── ─────────
Net Assets 90,821 79,967
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 90,721 79,867
───────── ─────────
Shareholders' Funds 90,821 79,967
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm 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 directors acknowledge 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 Board and authorised for issue on 16 February 2025 and signed on its behalf by
           
           
________________________________          
Mr. Maurice McKeown          
Director          
           



Annaloughan Farms Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Annaloughan Farms Ltd is a company limited by shares incorporated in Northern Ireland. 18 Annaloughan Road, Augher, Co. Tyrone, BT77 0BW, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. 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 year ended 30 April 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.
 
Tangible assets and depreciation
Tangible assets 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 tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 0% Straight line
  Plant and machinery - 20% 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 and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
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.
 
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.
 
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 Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet 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 Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 6, (2023 - 3).
 
  2024 2023
  Number Number
 
Employees 6 6
  ═════════ ═════════
         
4. Tangible assets
  Land and Plant and Total
  buildings machinery  
  freehold    
  £ £ £
Cost
At 1 May 2023 2,855 774,334 777,189
Additions - 101,550 101,550
  ───────── ───────── ─────────
At 30 April 2024 2,855 875,884 878,739
  ───────── ───────── ─────────
Depreciation
At 1 May 2023 - 635,538 635,538
Charge for the financial year - 76,930 76,930
  ───────── ───────── ─────────
At 30 April 2024 - 712,468 712,468
  ───────── ───────── ─────────
Net book value
At 30 April 2024 2,855 163,416 166,271
  ═════════ ═════════ ═════════
At 30 April 2023 2,855 138,796 141,651
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 April 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.