IRIS Accounts Production v25.1.4.42 NI676795 Board of Directors Board of Directors Board of Directors Board of Directors 31.12.24 1.1.24 31.12.24 31.12.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. true true false true true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6767952023-12-31NI6767952024-12-31NI6767952024-01-012024-12-31NI6767952022-12-31NI6767952023-01-012023-12-31NI6767952023-12-31NI676795ns15:NorthernIreland2024-01-012024-12-31NI676795ns14:PoundSterling2024-01-012024-12-31NI676795ns10:Director12024-01-012024-12-31NI676795ns10:Director22024-01-012024-12-31NI676795ns10:Director32024-01-012024-12-31NI676795ns10:Director42024-01-012024-12-31NI676795ns10:Consolidated2024-12-31NI676795ns10:ConsolidatedGroupCompanyAccounts2024-01-012024-12-31NI676795ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31NI676795ns10:Consolidatedns10:MediumEntities2024-01-012024-12-31NI676795ns10:Consolidatedns10:Audited2024-01-012024-12-31NI676795ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-31NI676795ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-31NI676795ns10:Consolidated2024-01-012024-12-31NI676795ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-31NI676795ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-31NI676795ns10:FullAccounts2024-01-012024-12-31NI67679512024-01-012024-12-31NI676795ns10:OrdinaryShareClass12024-01-012024-12-31NI676795ns10:RegisteredOffice2024-01-012024-12-31NI676795ns10:Consolidated2023-01-012023-12-31NI676795ns5:CurrentFinancialInstruments2024-12-31NI676795ns5:CurrentFinancialInstruments2023-12-31NI676795ns5:Non-currentFinancialInstruments2024-12-31NI676795ns5:Non-currentFinancialInstruments2023-12-31NI676795ns5:ShareCapital2024-12-31NI676795ns5:ShareCapital2023-12-31NI676795ns5:RetainedEarningsAccumulatedLosses2024-12-31NI676795ns5:RetainedEarningsAccumulatedLosses2023-12-31NI676795ns5:ShareCapital2022-12-31NI676795ns5:RetainedEarningsAccumulatedLosses2022-12-31NI676795ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31NI676795ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31NI676795ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-31NI676795ns5:PlantMachinery2024-01-012024-12-31NI676795ns5:FurnitureFittings2024-01-012024-12-31NI676795ns5:MotorVehicles2024-01-012024-12-31NI676795ns5:CostValuation2023-12-31NI676795ns5:AdditionsToInvestments2024-12-31NI676795ns5:CostValuation2024-12-31NI676795ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31NI676795ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31NI676795ns10:OrdinaryShareClass12024-12-31NI676795ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: NI676795 (Northern Ireland)















RTD CRAWFORD HOLDINGS LTD

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Consolidated Income Statement 11

Consolidated Other Comprehensive Income 12

Consolidated Balance Sheet 13

Company Balance Sheet 15

Consolidated Statement of Changes in Equity 17

Company Statement of Changes in Equity 18

Consolidated Cash Flow Statement 19

Notes to the Consolidated Cash Flow Statement 20

Notes to the Consolidated Financial Statements 22


RTD CRAWFORD HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs M A Blakely
Mr R T D Crawford
Mr G R Crawford
Mr M T Crawford



REGISTERED OFFICE: 9 Drummeer Road
Faughard
LISBELLAW
Co. Fermanagh
BT94 5ES



REGISTERED NUMBER: NI676795 (Northern Ireland)



AUDITORS: McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
Donegall Square West
BELFAST
BT1 6JS

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS
The financial results for the period are set out in the following pages and are considered by the directors to be satisfactory considering the volatility in raw material prices that prevailed in core business during the year.

The group continued to invest in sectors complimentary to the core business of timber manufacture. During the year the group acquired Belle Isle Limited which represents a significant milestone in the group's long term strategic plan.

The directors continue to review all operations to ensure adequate and appropriate facilities are available to meet future demand and evolving market conditions.

The group remains committed to continued growth in all business sectors through delivering quality products and services to its customers. The opportunities for further diversification of the group's operations continue to be considered and implemented by the directors.


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The management and the execution of the group's strategy is subject to a number of risks. The key business risks and uncertainties affecting the group are considered to relate to competition in all of the sectors it operates, the impact of the wider economy on product demand and the ongoing sustainable supply of quality raw materials.

Supply chain and pricing challenges arising during the year and since the balance sheet date have had a significant impact on operations. The overall performance for the year demonstrated both the agility of our management team in responding at speed to emerging events, and to the strength of the group relationship with suppliers and customers.

Environment
The group recognises it responsibility to carry out all operations whilst minimising environmental impacts. The directors' continued aim is to comply with all applicable environmental legislation, prevent pollution and reduce waste wherever possible.

Health and Safety
The group is committed to achieving the highest practicable standards in health and safety management and strives to make its sites and offices safe environments for employees and customer alike.

Human resources
The group's staff are a key resource in the business. Their knowledge and experience enable the company to meet customer requirements, and retention of key staff is therefore important.

Financial risk management
The group's operations expose it to a variety of financial risks that include the effects of changes in, price risk, liquidity risk, foreign currency risk and credit risk.

Liquidity risk
The group actively maintains liquidity within its balance sheet to ensure that sufficient funds are available for operations and planned investment, as required.

Price risk
The group is exposed to commodity price risk as a result of its manufacturing operations. However, given the size of the group's operations, the costs of managing exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the group's operations change in size or nature.

Foreign currency risk
The group manages exposure to foreign currency risk through the use of dedicated bank accounts denominated in foreign currencies to which receipts are lodged, and out of which payments are made. The directors monitor movements to the exchange rates on a regular basis, and trade funds when rates are favourable.

Credit risk
The group's credit risk is primarily attributable to its trade debtors, which is minimised by the number of long established customers and its emphasis on good credit management.


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

KEY PERFORMANCE INDICATORS (KPIS)
Given the straightforward nature of the business, the group's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the group.

ON BEHALF OF THE BOARD:





Mr R T D Crawford - Director


1 July 2025

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of importation, processing and manufacturing of timber products, farming and the provision of leisure and hospitality services.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mrs M A Blakely
Mr R T D Crawford
Mr G R Crawford
Mr M T Crawford

FUTURE DEVELOPMENTS
The company continues to be the parent company of a dynamic group with a proven reputation for delivering high-quality, value-driven solutions across a diverse range of sectors. With this approach in mind the company plans to continue with the group's controlled growth and diversification.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, McAleer Jackson Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R T D Crawford - Director


1 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
RTD CRAWFORD HOLDINGS LTD

Opinion
We have audited the financial statements of RTD Crawford Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
RTD CRAWFORD HOLDINGS LTD


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
RTD CRAWFORD HOLDINGS LTD


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pensions and tax legislation, environmental regulations and health and safety laws, together with provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

We tailored our response to those identified risks to include enquiring of management and external legal advisors concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewing correspondence with tax authorities and other regulatory bodies.

In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias, and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business. We apply professional scepticism throughout the audit to consider deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance including the company's remuneration policies, and performance targets;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
RTD CRAWFORD HOLDINGS LTD

- results of our enquiries of management and other key persons about the company's own policies for the identification and assessment of the risks of irregularities, including those that may occur either as a result of fraud or error, and matters we identified from our review of the company's policies, procedures and internal controls; and
- the matters discussed among the audit engagement team regarding potential indicators of fraud and where it might occur in the financial statements;
- design of audit procedures responsive to those risks that incorporate unpredictability around the nature, timing and extent of our testing.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.




Michael Barnett (Senior Statutory Auditor)
for and on behalf of McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE

1 July 2025

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 20,089,679 18,998,131

Cost of sales 15,780,421 15,250,019
GROSS PROFIT 4,309,258 3,748,112

Administrative expenses 2,543,446 1,378,686
1,765,812 2,369,426

Other operating income 109,461 375,304
OPERATING PROFIT 4 1,875,273 2,744,730

Profit/loss on sale of assets 5 - 1,438,597
1,875,273 4,183,327

Interest receivable and similar income 401,923 106,474
2,277,196 4,289,801

Interest payable and similar expenses 6 6,418 -
PROFIT BEFORE TAXATION 2,270,778 4,289,801

Tax on profit 7 572,506 764,917
PROFIT FOR THE FINANCIAL YEAR 1,698,272 3,524,884
Profit attributable to:
Owners of the parent 1,698,272 3,524,884

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,698,272 3,524,884


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,698,272

3,524,884

Total comprehensive income attributable to:
Owners of the parent 1,698,272 3,524,884

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

CONSOLIDATED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 20,000 -
Tangible assets 10 21,591,324 15,714,260
Investments 11 - -
21,611,324 15,714,260

CURRENT ASSETS
Stocks 12 6,890,890 4,495,590
Debtors 13 3,335,048 3,025,381
Cash at bank and in hand 9,169,129 15,035,364
19,395,067 22,556,335
CREDITORS
Amounts falling due within one year 14 1,402,100 1,005,593
NET CURRENT ASSETS 17,992,967 21,550,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,604,291

37,265,002

CREDITORS
Amounts falling due after more than one
year

15

(2,500,843

)

(1,696,528

)

PROVISIONS FOR LIABILITIES 18 (268,478 ) (431,776 )
NET ASSETS 36,834,970 35,136,698

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

CONSOLIDATED BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 19 300 300
Retained earnings 20 36,834,670 35,136,398
SHAREHOLDERS' FUNDS 36,834,970 35,136,698


The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:




Mr R T D Crawford - Director Mr M T Crawford - Director




Mr G R Crawford - Director Mrs M A Blakely - Director


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

COMPANY BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 - -
Investments 11 4,864,020 200
4,864,020 200

CURRENT ASSETS
Debtors 13 5,724,805 6,498,637
Cash at bank 6,533,273 7,501,463
12,258,078 14,000,100
CREDITORS
Amounts falling due within one year 14 45,214 -
NET CURRENT ASSETS 12,212,864 14,000,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,076,884

14,000,300

CREDITORS
Amounts falling due after more than one
year

15

833,960

-
NET ASSETS 16,242,924 14,000,300

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

COMPANY BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 19 300 300
Retained earnings 20 16,242,624 14,000,000
SHAREHOLDERS' FUNDS 16,242,924 14,000,300

Company's profit for the financial year 2,242,624 4,000,000


The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:




Mr R T D Crawford - Director Mr M T Crawford - Director




Mr G R Crawford - Director Mrs M A Blakely - Director


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 300 31,611,514 31,611,814

Changes in equity
Total comprehensive income - 3,524,884 3,524,884
Balance at 31 December 2023 300 35,136,398 35,136,698

Changes in equity
Total comprehensive income - 1,698,272 1,698,272
Balance at 31 December 2024 300 36,834,670 36,834,970

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 300 10,000,000 10,000,300

Changes in equity
Total comprehensive income - 4,000,000 4,000,000
Balance at 31 December 2023 300 14,000,000 14,000,300

Changes in equity
Total comprehensive income - 2,242,624 2,242,624
Balance at 31 December 2024 300 16,242,624 16,242,924

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 367,222 4,553,993
Interest paid (6,418 ) -
Tax paid (666,637 ) (505,296 )
Net cash from operating activities (305,833 ) 4,048,697

Cash flows from investing activities
Purchase of tangible fixed assets (2,240,722 ) (3,469,660 )
Purchase of subsidiary (4,789,631 ) -
Sale of tangible fixed assets 449,800 2,237,046
Interest received 401,923 106,474
Net cash from investing activities (6,178,630 ) (1,126,140 )

Cash flows from financing activities
Loan repayments (181,156 ) (35,304 )
Net hire purchase finance (4,931 ) (11,833 )
New loan facilities 804,315 -
Net cash from financing activities 618,228 (47,137 )

(Decrease)/increase in cash and cash equivalents (5,866,235 ) 2,875,420
Cash and cash equivalents at beginning
of year

2

15,035,364

12,159,944

Cash and cash equivalents at end of
year

2

9,169,129

15,035,364

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 2,270,778 4,289,801
Depreciation charges 1,328,512 1,504,276
Profit on disposal of fixed assets (232,099 ) (1,438,597 )
Finance costs 6,418 -
Finance income (401,923 ) (106,474 )
2,971,686 4,249,006
(Increase)/decrease in stocks (2,395,300 ) 996,402
(Increase)/decrease in trade and other debtors (206,395 ) 875,050
Decrease in trade and other creditors (2,769 ) (1,566,465 )
Cash generated from operations 367,222 4,553,993

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 9,169,129 15,035,364
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 15,035,364 12,159,944


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 15,035,364 (5,866,235 ) 9,169,129
15,035,364 (5,866,235 ) 9,169,129
Debt
Finance leases (4,931 ) 4,931 -
Debts falling due after 1 year (1,696,528 ) (804,315 ) (2,500,843 )
(1,701,459 ) (799,384 ) (2,500,843 )
Total 13,333,905 (6,665,619 ) 6,668,286

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

RTD Crawford Holdings 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation
The consolidated financial statements include the financial statement of the holding company and all its subsidiary companies made up to 31 December 2024.

The transfer of the subsidiary shareholdings to the company has been accounted for in accordance with the principles of merger accounting method set out in Chapter 19 of FRS102 'Accounting and Reporting in the United Kingdom and Ireland.

The results of subsidiaries acquired are consolidated from the date from which control passed.

Business combinations are accounted for under the acquisition method. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by the Group. All intra-group transactions, balances, income and expenses are eliminated on consolidation.

Significant judgements and estimates
When preparing the financial statements, the directors undertake a number of judgements/estimates and assumptions about the recognition and measurement of assets, liabilities, income and expenses. The following are significant management judgements in applying the accounting policies of the group that have the most significant effect on the financial statements.

Carrying value of stock
Stock is measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price, less costs to complete and sell. A provision is made for obsolete and slow moving stock based on historical experience.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - 2% straight line and 0%
Plant and machinery - 20% straight line, 15% on reducing balance and 10% straight line
Fixtures and fittings - 10% straight line, At varying rates on cost and 15% - 25% straight line
Motor vehicles - 25% straight line

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

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

Cost is defined as the expenditure which has been incurred in the normal course of business in bridging the product to its present location and condition. Net realisable value is the actual or estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distributing.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
The group's presentation currency is GBP ("sterling"). Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the consolidated income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the consolidated income statement on a straight line basis over the period of the lease.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Pension costs
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the respective company. The annual contributions payable are charged to the consolidated income statement.

Grant income
Grants related to expenditure are credited to the consolidated income statement as the expenditure is incurred.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 886,365 849,867
Social security costs 81,638 81,255
Other pension costs 1,346,400 24,055
2,314,403 955,177

The average number of employees during the year was as follows:
2024 2023

Production 18 18
Sales & distribution 4 4
Administration 2 4
24 26

2024 2023

Directors' remuneration 87,130 96,644
Directors' pension 972,214 2,614
1,059,344 99,258


4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 107,192 149,628
Depreciation - owned assets 1,328,512 1,504,276
Profit on disposal of fixed assets (232,099 ) -
Profit/loss on foreign currencies 180,435 (164,016 )
Auditors' remuneration 23,000 19,500

5. EXCEPTIONAL ITEMS
2024 2023
£    £   
Profit/loss on sale of assets - 1,438,597

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 6,418 -

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 743,804 597,992

Deferred tax (171,298 ) 166,925
Tax on profit 572,506 764,917

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,270,778 4,289,801
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 23.520 %)

567,695

1,008,961

Effects of:
Expenses not deductible for tax purposes 2,340 235
Depreciation on non-qualifying items 16,128 15,173
Changes in tax rates (752 ) (4,457 )
respect of previous periods
Other allowable deductions (12,905 ) (254,995 )
Total tax charge 572,506 764,917

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. INTANGIBLE FIXED ASSETS

Group
Intellectual
Goodwill property Totals
£    £    £   
COST
At 1 January 2024 5 - 5
Additions - 20,000 20,000
At 31 December 2024 5 20,000 20,005
AMORTISATION
At 1 January 2024
and 31 December 2024 5 - 5
NET BOOK VALUE
At 31 December 2024 - 20,000 20,000
At 31 December 2023 - - -

10. TANGIBLE FIXED ASSETS

Group
Fixtures
Land & Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 14,304,781 12,833,219 218,913 477,363 27,834,276
Additions 5,703,665 1,646,181 73,431 - 7,423,277
Disposals - (621,814 ) - - (621,814 )
At 31 December 2024 20,008,446 13,857,586 292,344 477,363 34,635,739
DEPRECIATION
At 1 January 2024 1,966,089 9,570,401 184,185 399,341 12,120,016
Charge for year 137,951 1,126,143 19,615 44,803 1,328,512
Eliminated on disposal - (404,113 ) - - (404,113 )
At 31 December 2024 2,104,040 10,292,431 203,800 444,144 13,044,415
NET BOOK VALUE
At 31 December 2024 17,904,406 3,565,155 88,544 33,219 21,591,324
At 31 December 2023 12,338,692 3,262,818 34,728 78,022 15,714,260

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. TANGIBLE FIXED ASSETS - continued

Group

All land and buildings are freehold.

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakin
£   
COST
At 1 January 2024 200
Additions 4,863,820
At 31 December 2024 4,864,020
NET BOOK VALUE
At 31 December 2024 4,864,020
At 31 December 2023 200

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

R.T.D. Crawford Limited
Registered office: 9 Drummeer Road, Faughard, Lisbellaw, Co. Fermanagh, BT94 5ES
Nature of business: Manufacture of timber products
%
Class of shares: holding
Ordinary 100.00

Crawfords Marina Ltd
Registered office: 1 Derryharney Road Aghnacarra, Lisbellaw, Enniskillen, Co. Fermanagh, BT94 5HW
Nature of business: Sale of marine equipment and related goods
%
Class of shares: holding
Ordinary 100.00

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. FIXED ASSET INVESTMENTS - continued

Dooneen Farms Ltd
Registered office: 10 Lunnon Road, Islandmagee, Co. Antrim, BT40 3TH
Nature of business: Farming
%
Class of shares: holding
Ordinary 100.00

Belle Isle Limited
Registered office: Belle Isle Estate, Lisbellaw, Enniskillen, Co. Fermanagh, BT94 5HG
Nature of business: Hospitality and land management
%
Class of shares: holding
Ordinary 100.00

Business combinations

Group

On 29 October 2024, the group acquired control of Belle Isle Limited through the purchase of 100% of the issued share capital. Belle Isle Limited provides hospitality services at Belle Isle Castle and provides other land-based services in relation to the extensive woodlands and land within the Special Areas of Conservation on the Belle Isle Estate in Co Fermanagh.

The acquisition of Belle Isle Limited complements both the group's ongoing investment in tourism and hospitality projects and the exiting core business.

The consideration was settled in full at completion. The following table summarises the fair value of assets acquired and the liabilities assumed at the acquisition date.

Note Book Value Adjustment Fair Value
£'000000 £'000000 £'000000
Intangible fixed assets 9 - 20 20
Tangible fixed assets 10 2,138 3,045 5,183
Cash and cash equivalents 74 - 74
Other net current liabilities (224 ) - (224 )
Borrowing (181 ) - (181 )
Deferred tax (8 ) - (8 )
Total identifiable assets 4,864
Goodwill -
Total 4,864

The adjustments arising on acquisition were in respect of the following:
- The uplift in property, plant and equipment to a third party valuation on acquisition.
- The recognition of intangible assets in respect of legally protected trademarks of the Belle Isle Estate.


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

12. STOCKS

Group
2024 2023
£    £   
Stocks 6,890,890 4,495,590

13. DEBTORS

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year:
Trade debtors 2,398,366 2,330,829 - -
Other debtors 306,828 3,311 - -
Prepayments 629,854 691,241 287,923 -
3,335,048 3,025,381 287,923 -

Amounts falling due after more than one year:
Amounts owed by group undertakings - - 5,436,882 6,498,637

Aggregate amounts 3,335,048 3,025,381 5,724,805 6,498,637

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Hire purchase contracts (see note 17) - 4,931 - -
Trade creditors 516,477 223,423 - -
Corporation tax 387,119 309,952 45,214 -
Social security and other taxes 37,851 32,694 - -
VAT 121,185 143,651 - -
Accruals 339,468 290,942 - -
1,402,100 1,005,593 45,214 -

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Other loans (see note 16) 2,500,843 1,696,528 833,960 -

16. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Directors loan 2,500,843 1,696,528 833,960 -

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 4,931

18. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 268,478 431,776

RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

18. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Balance at 1 January 2024 431,776
Provided during year (163,298 )
Balance at 31 December 2024 268,478

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300

20. RESERVES

Group
Retained
earnings
£   

At 1 January 2024 35,136,398
Profit for the year 1,698,272
At 31 December 2024 36,834,670

Company
Retained
earnings
£   

At 1 January 2024 14,000,000
Profit for the year 2,242,624
At 31 December 2024 16,242,624


RTD CRAWFORD HOLDINGS LTD (REGISTERED NUMBER: NI676795)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

21. ULTIMATE CONTROLLING PARTY

At the balance sheet date RTD Crawford Holdings Ltd was under the ultimate control of Mr R T D Crawford.

22. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Derrygiff Farm is an enterprise under the control of Mr Garreth Crawford. During the year the group supplied goods of £78,024 (2023: £160,532) to Derrygiff Farm. No balances were due to or from Derrygiff Farm at the balance sheet date.

23. RECLASSIFICATION

Certain prior year amounts have been reclassified for consistency with current year presentation. These reclassifications had no effect on the reported results of the operations.