Company registration number NI073888 (Northern Ireland)
BALNAFORGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
BALNAFORGE LIMITED
CONTENTS
Page
Company information
1
Accountants' report
2
Profit and loss account
3
Balance sheet and notes to the financial statements
4
BALNAFORGE LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr David Taylor
Mrs Caroline Taylor
Secretary
Sarcon Compliance Limited
Company number
NI073888
Registered office
Murray House
Murray Street
Belfast
BT1 6DN
Accountants
Moore (N.I.) LLP
4th Floor Donegall House
7 Donegall Square North
Belfast
BT1 5GB
Bankers
Danske Bank
Donegall Square West
Belfast
BT1  6JS
Solicitors
Carson McDowell LLP
Murray House
Murray Street
Belfast
BT1 6DN
BALNAFORGE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BALNAFORGE LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -

In accordance with the terms of our engagement letter dated 9 April 2025 and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of Balnaforge Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account and the Balance Sheet from the company’s accounting records and from information and explanations you have given to us.

This report is made solely to the company's board of directors, as a body, 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 board of directors that we have done so, and state those matters that we have agreed to state to them 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 board of directors, as a body, for our work or for this report.

It is your duty to ensure that Balnaforge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Balnaforge Limited under the Companies Act 2006. You consider that Balnaforge Limited is exempt from the statutory audit requirement for the year ended 30 September 2024.

Scope of work

As a firm regulated by Chartered Accountants Ireland our work will be carried out in accordance with guidance issued by Chartered Accountants Ireland and ISRS 4410 International Standard on Related Services - Compilation Engagements. In carrying out this engagement we have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

We have not been instructed to carry out an audit of the financial statements of Balnaforge Limited. 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.

Moore (N.I.) LLP
27 May 2025
Chartered Accountants
4th Floor Donegall House
7 Donegall Square North
Belfast
BT1 5GB
BALNAFORGE LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
2024
2023
£
£
Turnover
-
-
Other income
132,750
64,758
Other charges
(13,808)
(11,572)
Tax
(27,410)
(11,426)
Profit
91,532
41,760
BALNAFORGE LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 4 -
2024
2023
£
£
£
£
Fixed assets
649,515
502,854
Current assets
2,696,027
2,855,222
Creditors: amounts falling due within one year
(590,581)
(574,647)
Net current assets
2,105,446
2,280,575
Total assets less current liabilities
2,754,961
2,783,429
Net assets
2,754,961
2,783,429
Capital and reserves
2,754,961
2,783,429
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
2
2

Balnaforge Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is Murray House, Murray Street, Belfast, BT1 6DN.

For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 May 2025 and are signed on its behalf by:
..............................................
Mr David Taylor
Director
Company registration number NI073888 (Northern Ireland)
- 5 -
BALNAFORGE LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
BALNAFORGE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2022
1
2,861,668
2,861,669
Year ended 30 September 2023:
Profit and total comprehensive income for the year
-
41,760
41,760
Dividends
-
(120,000)
(120,000)
Balance at 30 September 2023
1
2,783,428
2,783,429
Year ended 30 September 2024:
Profit and total comprehensive income for the year
-
91,532
91,532
Dividends
-
(120,000)
(120,000)
Balance at 30 September 2024
1
2,754,960
2,754,961
BALNAFORGE LIMITED
SCHEDULE OF TANGIBLE FIXED ASSETS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 8 -
Investment property
£
Cost
At 1 October 2023
-
0
Additions
140,000
At 30 September 2024
140,000
Depreciation and impairment
At 1 October 2023 and 30 September 2024
-
0
Carrying amount
At 30 September 2024
140,000
At 30 September 2023
-
0
BALNAFORGE LIMITED
SCHEDULE OF FIXED ASSET INVESTMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 9 -
Fixed asset investments
2024
2023
£
£
Investments
482,060
475,610
Other investments
27,455
27,244
509,515
502,854
Movements in fixed asset investments
Investments other than loans
Other
Total
£
£
£
Cost or valuation
At 1 October 2023
475,610
27,244
502,854
Additions
44,235
-
44,235
Disposals
(42,510)
-
(42,510)
Valuation changes
4,725
-
4,725
Movement in cash
-
211
211
At 30 September 2024
482,060
27,455
509,515
Carrying amount
At 30 September 2024
482,060
27,455
509,515
At 30 September 2023
475,610
27,244
502,854
BALNAFORGE LIMITED
SCHEDULE OF CURRENT ASSETS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 10 -
2024
2023
£
£
Bank account
2,694,943
2,854,139
VAT recoverable
1,084
1,083
2,696,027
2,855,222
BALNAFORGE LIMITED
SCHEDULE OF CREDITORS LESS THAN ONE YEAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 11 -
2024
2023
£
£
Accruals
2,000
2,050
Corporation tax payable
27,410
11,426
Other creditors
561,171
561,171
590,581
574,647
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