BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was that of the breeding, preservation and promotion of the Irish Moiled Cattle breed. 18 June 2025 0 0 NI034436 2024-12-31 NI034436 2023-12-31 NI034436 2022-12-31 NI034436 2024-01-01 2024-12-31 NI034436 2023-01-01 2023-12-31 NI034436 uk-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 NI034436 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI034436 uk-bus:AbridgedAccounts 2024-01-01 2024-12-31 NI034436 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI034436 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI034436 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI034436 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI034436 uk-bus:FRS102 2024-01-01 2024-12-31 NI034436 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI034436 2024-01-01 2024-12-31 NI034436 uk-bus:Director1 2024-01-01 2024-12-31 NI034436 uk-bus:Director2 2024-01-01 2024-12-31 NI034436 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI034436
 
 
Irish Moiled Cattle Society
(A company limited by guarantee, not having a share capital)
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2024
Irish Moiled Cattle Society
(A company limited by guarantee, not having a share capital)
DIRECTORS' REPORT
for the financial year ended 31 December 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 31 December 2024.
 
The Company is limited by guarantee not having a share capital.
     
Chairperson’s Report for the Year 2024

The 12 months of 2024 has been another busy year for the Irish Moiled Cattle Society.
The IMCS breeding program continues to be continuously reviewed. Feedback on the IMCS breeding program from Christopher Price – CEO of RBST Scotland cited that the Irish Moiled Cattle Society breeding program is considered as the ‘Gold Standard’.
The yearly genomics report was published, put on the IMCS website as well as emailed out to all IMCS breeders, this included 2021 females alongside first time publishing bulls covering terminal, maternal and combined list. This is giving access to Irish Moiled breeders to help make informed breeding decisions with regards to potential traits such as milk yield, health, fertility and TB resistance.
DAERA have announced they will roll out genomic testing of all cattle in Northern Ireland in 2026 through ICBF. The IMCS are already involved with ICBF and are genomic testing.
Classification - Several breeders in each of the constituencies continue to get their cattle classified on a yearly basis, results in both the show ring and online sales prove that this is a very beneficial tool. It would be encouraging to see more breeders, especially new breeders, take on getting their cattle classified. The yearly classification report was published.
The online H & H Magnificent Moilie online sale continues to prove very successful,  Marteye provides an online platform connecting sellers and buyers from across the three constituencies and further afield which has a lot of advantages over traditional selling mainly sellers are still getting premium prices.
Data continues to be collected from breeders on weanling weights on an annual basis.
Four workshops, by director Sally Crowe on beef boxes and social media were held at the start of 2024. Funding was 100% obtained through the Agri Food Co-Op scheme.
Treasurer Brian O’Kane applied for a grant of 10,000 euros this has been now received from the 2024 Genetic Resources Grant Aid Scheme and used for the project of collection of bull semen for the IMCS with the emphasis on high performance genomics and genetic diversity. Three bulls that had successful collection were Beechmount Harry, Ravelglen Earl and Clandeboye Sexton. It was hoped sexed semen could have been obtained in this round of collection, however unfortunately the logistics did not work out and the Society will endeavor for a sexed semen future project. This could and will be a very important tool for breeders wishing to use embryo transfer in the breed.
The IMCS AI catalogue which includes the new bulls is now available both online on the IMCS website and can be downloaded and sent by email or WhatsApp to breeders. This year there has seen a slight increase in the cost of breeders purchasing semen, due to increased storage costs to the Society. Semen stored by RBST in GB was moved to Scawfell genetics from Genus.
Another major milestone for the breed was reached?. the first purebred Irish Moiled calves have been born outside of the UK and Ireland in Queensland, Australia - Denis Roberts and wife Theresa successfully imported embryos for their Derryduff herd in 2024.
IMCS breeders’ day was held by kind invitation of IMCS president Mark Logan at Clandeboye Estate, Bangor. Viewing the Clandeboye herd and Clandeboye gardens and courtyard.
Killua Castle in the ROI once again offered their estate for IMCS breeders to visit. A farm walk was held to see one of the largest herds of Irish Moileds.
We welcomed David Scott (NI), Dermot Gardiner (NI) and Cian Elliott (GB) onto the board of directors. Long standing breeder, director and website co-ordinator Valerie Orr retired as GB director.
A new website was set up through Web design, Belfast, with the help of Valerie Orr, Gillian Steele, Nigel Edwards and Michelle McCauley. Stock for sale admin is now carried out by Caroline Maxwell.
A new Society computer and software package was purchased for the Secretary to help with the ever-increasing admin, which is essential for the daily running of the Society.
Throughout the year agriculture shows in all three constituencies were supported by breeders with Balmoral and Antrim Show having the largest turnout of Irish Moileds. Events which had the Society stand manned by directors were Future Stars of Show Ring at Roscrea ROI, Beef 2024 at The Grange farm owned by Teasgac in ROI, Connemara National Park in ROI, Bunratty Heritage Breed days in Co.Clare ROI, Westmorland Show in GB , the IMCS National shows held at Royal Three Counties (GB), Antrim Show (NI) and Tullamore Show (ROI).
A new format/ platform for the International Online show was set up by Sally Crowe to make it easier for breeders to enter and easier for Judges receiving the entries when it came to judging the different classes.
The merchandise officers added a limited number of Christmas bobbles and scented candles as an extra for breeders looking something different for Christmas and are currently working on an IMCS calendar for 2026.
A breeders zoom workshop was held at the start of 2025 as requested by breeders focusing on halter training, photography, advice on how to register animals and understanding ICBF.
2026 is the 100th anniversary of the first herd book. Already plans are being put in place to mark this event in all three constituencies.
While origins of the Irish Moiled breed date back to ancient times, the breed remains a living symbol of our agricultural heritage, uniquely adapted to our landscape, ideally suited to the low input, high value systems that farming policies now aim to support, DNA parentage proven now for over twenty years and will continuing to ensure the security of the breed’s future and now with genomics showing the traits and merits of which animals to breed from, it is a breed that is very much needed now and for the future.

     
Directors
The directors who served during the financial year are as follows:
     
Mr Brian O'Kane
Mrs Michelle McCauley
Mr Seamus Holmes
Mrs Rachel Armour
Mr Christoper Malcolm Ball
Mr David Scott
Mr Robert Samuel Boyle
Mr Dan Bull
Mr Trevor Chadwick
Mrs Sally Crowe
Mr Robert Humphrey Davis
Mr Nigel Edwards
Mr Derek Steen
Miss Ciara White
Mr Cian Wallace Elliott
Mr Brian Peter Dolan
Dr Dermot Gardiner
Mr James Gilsenan
Dr Michael John Meharg (Resigned 10 January 2024)
Mr James White (Resigned 22 October 2024)
Ms Valerie Orr (Resigned 22 October 2024)
Mrs Jacqueline Carol Baxter (Resigned 10 January 2024)
   
There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.
     
In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report 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) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). 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 of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
select suitable accounting policies and 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
Mr Brian O'Kane
Director
     
     
Mrs Michelle McCauley
Director
     
18 June 2025



Irish Moiled Cattle Society
(A company limited by guarantee, not having a share capital)
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2024
2024 2023
Notes £ £

Gross (loss)/profit (3,681) 22,376
 
Administrative expenses (26,323) (34,831)
───────── ─────────
Operating loss (30,004) (12,455)
 
Interest receivable and similar income 248 188
───────── ─────────
Loss before taxation (29,756) (12,267)
 
Tax on loss - -
───────── ─────────
Loss for the financial year (29,756) (12,267)
    ═════════   ═════════



Irish Moiled Cattle Society
(A company limited by guarantee, not having a share capital)
Company Registration Number: NI034436
ABRIDGED BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 268 315
───────── ─────────
 
Current Assets
Stocks - 10,260
Cash and cash equivalents 26,154 46,026
───────── ─────────
26,154 56,286
───────── ─────────
Creditors: amounts falling due within one year (3,791) (4,214)
───────── ─────────
Net Current Assets 22,363 52,072
───────── ─────────
Total Assets less Current Liabilities 22,631 52,387
═════════ ═════════
 
Reserves
Retained surplus 22,631 52,387
───────── ─────────
Equity attributable to owners of the company 22,631 52,387
═════════ ═════════
 
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.
For the financial year ended 31 December 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 18 June 2025 and signed on its behalf by
           
           
Mr Brian O'Kane          
Director          
           
           
Mrs Michelle McCauley
Director
           



Irish Moiled Cattle Society
(A company limited by guarantee, not having a share capital)
STATEMENT OF CHANGES IN EQUITY
as at 31 December 2024

Retained Total
surplus
 
£ £
 
At 1 January 2023
as previously stated 66,654 66,654
Prior financial year error correction (2,000) (2,000)
───────── ─────────
At 1 January 2023 64,654 64,654
───────── ─────────
Loss for the financial year (12,267) (12,267)
───────── ─────────
At 31 December 2023 52,387 52,387
  ───────── ─────────
Loss for the financial year (29,756) (29,756)
  ───────── ─────────
At 31 December 2024 22,631 22,631
  ═════════ ═════════



Irish Moiled Cattle Society
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
Irish Moiled Cattle Society is a company limited by guarantee incorporated and registered in Northern Ireland. The registered number of the company is NI034436. The registered office of the company is 28 Lisnamany Road, Martinstown, Ballymena, Antrim, BT43 6QH, Northern Ireland. The principal activity of the company was that of the breeding, preservation and promotion of the Irish Moiled Cattle breed. 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 financial year ended 31 December 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:
 
  Plant and machinery - 15% Reducing Balance
 
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.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks 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.
 
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 and deferred 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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by 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.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 0, (2023 - 0).
       
4. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 January 2024 569 569
  ───────── ─────────
 
At 31 December 2024 569 569
  ───────── ─────────
Depreciation
At 1 January 2024 254 254
Charge for the financial year 47 47
  ───────── ─────────
At 31 December 2024 301 301
  ───────── ─────────
Net book value
At 31 December 2024 268 268
  ═════════ ═════════
At 31 December 2023 315 315
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.