IRIS Accounts Production v25.1.4.42 NI636699 Board of Directors 31.10.24 1.5.23 31.10.24 31.10.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. The principal activities of the company in the year under review was that of the manufacture and supply of quality livestock equipment. true true true false true true false false false false false true false Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6366992023-04-30NI6366992024-10-31NI6366992023-05-012024-10-31NI6366992022-04-30NI6366992022-05-012023-04-30NI6366992023-04-30NI636699ns15:NorthernIreland2023-05-012024-10-31NI636699ns14:PoundSterling2023-05-012024-10-31NI636699ns10:Director12023-05-012024-10-31NI636699ns10:Consolidated2024-10-31NI636699ns10:ConsolidatedGroupCompanyAccounts2023-05-012024-10-31NI636699ns10:PrivateLimitedCompanyLtd2023-05-012024-10-31NI636699ns10:Consolidatedns10:MediumEntities2023-05-012024-10-31NI636699ns10:Consolidatedns10:Audited2023-05-012024-10-31NI636699ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-05-012024-10-31NI636699ns10:Medium-sizedCompaniesRegimeForAccounts2023-05-012024-10-31NI636699ns10:Consolidated2023-05-012024-10-31NI636699ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-05-012024-10-31NI636699ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-05-012024-10-31NI636699ns10:FullAccounts2023-05-012024-10-31NI636699ns5:Subsidiary12023-05-012024-10-31NI636699ns5:Subsidiary22023-05-012024-10-31NI63669912023-05-012024-10-31NI636699ns10:OrdinaryShareClass12023-05-012024-10-31NI636699ns10:Director22023-05-012024-10-31NI636699ns10:RegisteredOffice2023-05-012024-10-31NI636699ns10:Consolidated2022-05-012023-04-30NI636699ns5:CurrentFinancialInstruments2024-10-31NI636699ns5:CurrentFinancialInstruments2023-04-30NI636699ns5:ShareCapital2024-10-31NI636699ns5:ShareCapital2023-04-30NI636699ns5:ShareCapital2022-04-30NI636699ns5:RetainedEarningsAccumulatedLosses2022-04-30NI636699ns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30NI636699ns5:RetainedEarningsAccumulatedLosses2023-04-30NI636699ns5:RetainedEarningsAccumulatedLosses2023-05-012024-10-31NI636699ns5:RetainedEarningsAccumulatedLosses2024-10-31NI636699ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-10-31NI636699ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-10-31NI636699ns5:CostValuation2023-04-30NI6366991ns5:Subsidiary12023-05-012024-10-31NI636699ns5:Subsidiary232023-05-012024-10-31NI636699ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: NI636699 (Northern Ireland)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024

FOR

TEEMORE HOLDINGS LIMITED

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
for the Period 1 MAY 2023 TO 31 OCTOBER 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Consolidated Income Statement 10

Consolidated Other Comprehensive Income 11

Consolidated Balance Sheet 12

Company Balance Sheet 13

Consolidated Statement of Changes in Equity 14

Company Statement of Changes in Equity 15

Consolidated Cash Flow Statement 16

Notes to the Consolidated Cash Flow Statement 17

Notes to the Consolidated Financial Statements 19


TEEMORE HOLDINGS LIMITED

COMPANY INFORMATION
for the Period 1 MAY 2023 TO 31 OCTOBER 2024







DIRECTORS: Mr V Wilson
Mr C Wilson


REGISTERED OFFICE: Knockaravan
Teemore
Enniskillen
Co. Fermanagh
BT92 9BL


REGISTERED NUMBER: NI636699 (Northern Ireland)


SENIOR STATUTORY AUDITOR: Thomas Samuel Patton


AUDITORS: Patton Rainey Stenson Limited
Chartered Accountants and Statutory Auditors
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


BANKERS: Ulster Bank Limited
186 Main Street
Lisnaskea
Co. Fermanagh
BT92 OJF


SOLICITORS: Cooper Wilkinson
Imperial Buildings
38 - 40 Queen Elizabeth Road
Enniskillen
Co Fermanagh
BT74 7BY

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

GROUP STRATEGIC REPORT
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


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

PRINCIPAL ACTIVITIES
The principal activities of the group in the year under review was that of the manufacture and supply of quality livestock equipment.

REVIEW OF BUSINESS
The directors consider the results for the year and the position of group at the year end to be good and in line with expectations.

The profit before taxation or the year is £2,027,622 (2023 £1,275,754). This was achieved on a turnover of £26,547,817 (2023 £16,320,605). Net assets have increased to £9,978,527 (2023 £8,531,157). The directors are pleased with the financial position of the company at the year end.

The group's prospects for 2024/2025 remains solid and the directors view the outlook for the group to be satisfactory.

The group's key performance indicators are as follows:
2024 2023

£    £   
Turnover £26,547 £16,320

Gross Profit Margin 20.48% 20.42%

Operating Profit Margin 7.94% 8.50%

Shareholders' Equity £9,978 £8,531


The group's order book for the remainder of 2024 remains strong. The group's capital investment programme continues to modernise the premises, plant and machinery assets. The directors are confident that the ongoing investments will deliver continued success to the group.

SECTION 172(1) STATEMENT
The directors recognise their responsibility under Section 172(1) of the Companies Act 2006 to promote the success of the group for the benefit of the members as a whole and in doing so have regard to:

a. The likely consequence of any decisions in the long term;
b. The interest of the group's employees;
c. The need to foster the group's business relationships with suppliers, customers and others;
d. The impact of the group's operations on the community and the environment;
e. The desirability of the group maintaining a reputation for high standards of business conduct;
f. The need to act fairly between members of the group.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

GROUP STRATEGIC REPORT
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


The key points relating to these factors are considered below in the decision making process.

(a) The likely consequence of any decision in the long term
The directors are focused on a strategic plan which promotes the long-term viability of the group. This
strategy considers the various risks facing the business and concentrates on the long term sustainability of the group.

(b) The interest of the group's employees
The group regards that a skilled and experienced workforce is one of its most important resources. The
health, safety and wellbeing of the group's employees remains a priority. The group is committed to
achieving the highest possible standards in health and safety management and strives to make all production
facilities, sites and offices safe environments for employees and customers alike. Retention of key staff is critical
and there is relatively low turnover of personnel. Their knowledge and experience are vital in the group's
ability to serve customer requirements and to meet contractual obligations.

(c) The need to foster the group's business relationship with suppliers, customers and others
The directors regularly review how the group maintains positive relationships with all of its stakeholders
including suppliers, customers and others. Our continued successes have been founded on building strong
relationships with customers, working collaboratively with them, anticipating issues they face, providing
problem-solving solutions and using our expert capabilities to deliver satisfactory solutions. The group has an
extensive and valued supply chain who supply our business with the highest quality of product. Suppliers are
treated in a fair and consistent manner which includes prompt payment.

(d) The impact of the group's operations on the community and the environment
The group recognises its corporate responsibility to carry out its operations whilst minimising environmental
impacts. The directors continually aim to comply with all applicable environmental legislation, prevent pollution
and reduce waste where possible. The aim of the group is to continue to reduce its carbon footprint and help make a contribution to the government's carbon reduction targets.

(e) The desirability of the group maintaining a reputation for high standards of business conduct
The directors continue to take the responsibility of ensuring the group remains a good corporate citizen
seriously and consider that maintaining its strong reputation for the highest standards of business conduct to be an important priority. Operating in well invested factories and having skilled employees are key to maintaining the highest standards of product development.

(f) The need to act fairly between members of the group
The group is a family owned business with a goal to ensure the continued success of the group.

PRINCIPAL RISKS AND UNCERTAINTIES
Strong and effective risk management is a central strategy in the manner which the directors run the business.

The directors consider the principal risks and uncertainties faced by the group which are in the areas of safety, contract management, resourcing, finance and regulations. The livestock equipment sector as a whole is affected by the general economic conditions and product prices.
.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

GROUP STRATEGIC REPORT
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


The directors of the group manage these risks by a process of regular strategic reviews to assess competitor activity, market share allocation and other new developments.

Internally the directors further manage these risks by close attention to health and safety, customer service levels and supplier contractual arrangements.

In the directors opinion the risks and uncertainties facing the group are adequately addressed and managed.

FINANCIAL RISK MANAGEMENT
The group's operations expose it to a variety of financial risks that include the effects of credit risk, liquidity risk, price risk and currency risk. Given the size of the group the financial risk management is not delegated and is controlled by the directors.

Credit risk
The group has implemented policies that require appropriate credit checks on potential customers before sales are made. The group reassesses credit risk on an ongoing basis.

Liquidity risk
The group has significant cash resources and uses a policy of advance payments on major contracts to finance working capital commitments. Liquidity risk is adequately addressed and managed sufficiently

Price risk
The group is exposed to commodity price risk as a result of its 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.

Currency risk
The group is exposed to some currency risk and thus considers this on a regular basis.

The group remains committed to strong financial controls, cash management and prudent accounting policies.

GOING CONCERN
The group's activities, together with factors likely to affect its future development, performance and position are continuously reviewed by the directors. Review of cash flow, liquidity position and borrowing facilities leads the directors to believe that the group is well place to manage its business risks successfully despite any current economic uncertainties.

The group meets its day to day working capital requirements through its current cash levels. The directors are confident that the group has adequate resources to meet its normal business requirements for the foreseeable future, a period of at least 12 months from the date of signing the financial statements and therefore have continued to adopt the going concern basis when preparing the financial statements.

ON BEHALF OF THE BOARD:





Mr C Wilson - Director


19 June 2025

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

REPORT OF THE DIRECTORS
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


The directors present their report with the financial statements of the company and the group for the period 1 May 2023 to 31 October 2024.

DIVIDENDS
The total distribution of dividends for the period ended 31 October 2024 was £120,000 (2023 - £120,000).

EVENTS SINCE THE END OF THE PERIOD
Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

Mr V Wilson
Mr C Wilson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the 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 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 then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- 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 group's transactions and disclose with reasonable accuracy at any time the financial position of 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 group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

REPORT OF THE DIRECTORS
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


AUDITORS
The auditors, Patton Rainey Stenson Limited, have indicated their willingness to continue in office and a resolution will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report was approved by the Board of Directors on 19 June 2025

ON BEHALF OF THE BOARD:





Mr C Wilson - Director


19 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TEEMORE HOLDINGS LIMITED


Opinion
We have audited the financial statements of Teemore Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 October 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 October 2024 and of the group's profit for the period 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.

Other information
The directors are responsible for the other information. The other information comprises the information in the 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 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.









REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TEEMORE HOLDINGS LIMITED


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 Statement of Directors' Responsibilities 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.

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:

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:

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK tax regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting for estimates including estimates relating to revenue recognition. Audit procedures performed by the engagement team included:


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TEEMORE HOLDINGS LIMITED



- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- Evaluation of the effectiveness of management's controls designed to prevent and detect irregularities;
- Identification and testing of significant manual journal entries; and
- Testing of assumptions and judgements made by management in making significant accounting estimates.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion

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.




Thomas Samuel Patton (Senior Statutory Auditor)
for and on behalf of Patton Rainey Stenson Limited
Chartered Accountants and Statutory Auditors
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

19 June 2025

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

CONSOLIDATED INCOME STATEMENT
for the Period 1 MAY 2023 TO 31 OCTOBER 2024

Period
1.5.23
to Year Ended
31.10.24 30.4.23
Notes £    £   

TURNOVER 3 26,547,817 16,320,605

Cost of sales 21,110,464 12,988,583
GROSS PROFIT 5,437,353 3,332,022

Administrative expenses 3,362,862 2,044,393
2,074,491 1,287,629

Other operating income 33,978 99,012
OPERATING PROFIT 6 2,108,469 1,386,641

Interest receivable and similar income 36,908 3,293
2,145,377 1,389,934

Interest payable and similar expenses 7 117,755 114,180
PROFIT BEFORE TAXATION 2,027,622 1,275,754

Tax on profit 8 460,252 250,048
PROFIT FOR THE FINANCIAL PERIOD 1,567,370 1,025,706
Profit attributable to:
Owners of the parent 1,567,370 1,025,706

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
for the Period 1 MAY 2023 TO 31 OCTOBER 2024

Period
1.5.23
to Year Ended
31.10.24 30.4.23
Notes £    £   

PROFIT FOR THE PERIOD 1,567,370 1,025,706


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

1,567,370

1,025,706

Total comprehensive income attributable to:
Owners of the parent 1,567,370 1,025,706

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

CONSOLIDATED BALANCE SHEET
31 OCTOBER 2024

31.10.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 13,530 -
Tangible assets 12 3,122,200 2,490,260
Investments 13 - -
3,135,730 2,490,260

CURRENT ASSETS
Stocks 14 3,692,848 5,557,879
Debtors 15 4,171,568 2,255,886
Cash at bank 2,961,987 1,234,071
10,826,403 9,047,836
CREDITORS
Amounts falling due within one year 16 3,395,166 2,189,429
NET CURRENT ASSETS 7,431,237 6,858,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,566,967

9,348,667

CREDITORS
Amounts falling due after more than one
year

17

(400,669

)

(606,101

)

PROVISIONS FOR LIABILITIES 21 (187,771 ) (211,409 )
NET ASSETS 9,978,527 8,531,157

CAPITAL AND RESERVES
Called up share capital 22 100 100
Retained earnings 23 9,978,427 8,531,057
SHAREHOLDERS' FUNDS 9,978,527 8,531,157

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





Mr C Wilson - Director


TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

COMPANY BALANCE SHEET
31 OCTOBER 2024

31.10.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 - -
Investments 13 200 200
200 200

CREDITORS
Amounts falling due within one year 16 100 100
NET CURRENT LIABILITIES (100 ) (100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 22 100 100
SHAREHOLDERS' FUNDS 100 100

Company's profit for the financial year 120,000 120,000

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





Mr C Wilson - Director


TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the Period 1 MAY 2023 TO 31 OCTOBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 100 7,625,351 7,625,451

Changes in equity
Dividends - (120,000 ) (120,000 )
Total comprehensive income - 1,025,706 1,025,706
Balance at 30 April 2023 100 8,531,057 8,531,157

Changes in equity
Dividends - (120,000 ) (120,000 )
Total comprehensive income - 1,567,370 1,567,370
Balance at 31 October 2024 100 9,978,427 9,978,527

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

COMPANY STATEMENT OF CHANGES IN EQUITY
for the Period 1 MAY 2023 TO 31 OCTOBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 100 - 100

Changes in equity
Dividends - (120,000 ) (120,000 )
Total comprehensive income - 120,000 120,000
Balance at 30 April 2023 100 - 100

Changes in equity
Dividends - (120,000 ) (120,000 )
Total comprehensive income - 120,000 120,000
Balance at 31 October 2024 100 - 100

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

CONSOLIDATED CASH FLOW STATEMENT
for the Period 1 MAY 2023 TO 31 OCTOBER 2024

Period
1.5.23
to Year Ended
31.10.24 30.4.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,396,721 1,649,138
Interest paid (114,956 ) (104,577 )
Interest element of hire purchase payments
paid

(2,799

)

(9,603

)
Tax paid (119,549 ) (170,998 )
Net cash from operating activities 3,159,417 1,363,960

Cash flows from investing activities
Purchase of intangible fixed assets (13,530 ) -
Purchase of tangible fixed assets (1,035,427 ) (836,775 )
Sale of tangible fixed assets - 5,000
Interest received 36,908 3,293
Net cash from investing activities (1,012,049 ) (828,482 )

Cash flows from financing activities
New loans in year - 280,000
Loan repayments in year (188,448 ) (616,415 )
Capital repayments in year (111,541 ) 53,497
Amount introduced by directors 537 9,252
Amount withdrawn by directors - (191 )
Equity dividends paid (120,000 ) (120,000 )
Net cash from financing activities (419,452 ) (393,857 )

Increase in cash and cash equivalents 1,727,916 141,621
Cash and cash equivalents at beginning of
period

2

1,234,071

1,092,450

Cash and cash equivalents at end of
period

2

2,961,987

1,234,071

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


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

Period
1.5.23
to Year Ended
31.10.24 30.4.23
£    £   
Profit before taxation 2,027,622 1,275,754
Depreciation charges 403,486 274,955
Profit on disposal of fixed assets - (5,000 )
Finance costs 117,755 114,180
Finance income (36,908 ) (3,293 )
2,511,955 1,656,596
Decrease/(increase) in stocks 1,865,031 (780,873 )
(Increase)/decrease in trade and other debtors (1,915,682 ) 541,401
Increase in trade and other creditors 935,417 232,014
Cash generated from operations 3,396,721 1,649,138

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:

Period ended 31 October 2024
31.10.24 1.5.23
£    £   
Cash and cash equivalents 2,961,987 1,234,071
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 1,234,071 1,092,450


TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 31.10.24
£    £    £   
Net cash
Cash at bank 1,234,071 1,727,916 2,961,987
1,234,071 1,727,916 2,961,987
Debt
Finance leases (210,388 ) 111,541 (98,847 )
Debts falling due within 1 year (171,896 ) 29,511 (142,385 )
Debts falling due after 1 year (531,740 ) 158,938 (372,802 )
(914,024 ) 299,990 (614,034 )
Total 320,047 2,027,906 2,347,953

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


1. STATUTORY INFORMATION

Teemore Holdings Limited 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 on the going concern basis under the historical cost convention in accordance with the Companies Act 2006 and applicable accounting standards.

The principal accounting policies, which have been applied consistently throughout the year, are set out below:

Going Concern
The group's activities, together with factors likely to affect its future development, performance and position are continuously reviewed by the directors. Review of cash flow, liquidity position and borrowing facilities leads the directors to to believe that the group is well placed to manage its business risks successfully despite any current economic uncertainties.

The group meets its day to day working capital requirements through its current cash levels. The directors are confident that the group has adequate resources to meet its normal business requirements for the foreseeable future, for at least 12 months from the date of signing the financial statements. and therefore they continue to adopt the going concern basis when preparing the financial statements.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and its subsidiary undertaking. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.

Revenue recognition
Revenue is recognised to the extent that the group obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have been transferred to the buyer, usually on dispatch of the goods, the amounts of revenue can be measured reliably, it is probable that future economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

(i) Depreciation and residual values

Depreciation is calculated, using the stated method, to allocate the depreciable amount to their residual values over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows:


Leasehold Improvements - 10% Straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

(ii) Subsequent additions and major components

Subsequent costs, including major inspections , are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the group and the cost can be measured reliably.

The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Repairs, maintenance and minor inspection costs are expensed as incurred.

(iii) Derecognition

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement and included in cost of sales.

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

Cost includes all direct expenditure and an appropriate proportion of production overheads based on a normal level of activity.

Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.


TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Research and development
Expenditure on research and development is written off to the income statement in the year in which it is incurred.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in independently administered funds. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash consists of cash on hand and demand deposits with banks. There are no cash equivalents included in the financial statements.

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 directors.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred , it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model where the grant does not impose specified future performance -related conditions on the recipient , it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance -related conditions on the recipient , it is recognise in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Foreign currencies
Transactions denominated in foreign currencies are translated at the exchange rate at the date of the transactions. All assets and liabilities denominated in foreign currencies are translated at the rate ruling at the balance sheet date or the exchange rate of a related foreign exchange contract where appropriate. The resulting gain or loss is dealt with in the income statement.

Judgements in applying accounting policies and key sources of estimation uncertainty
When preparing the financial statements, management undertakes 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 company that have the most significant effect on the financial statements.

Valuation of stocks
As described previously stocks are valued at the lower of cost and net realisable value after making allowance for obsolete and slow moving items on an item by item basis. This valuation exercise was completed by the directors. Costs was based on the purchases price including all costs in bringing the goods to their present location and condition. Net realisable value is based on the directors' judgements of the future selling price less any further costs expected to be incurred in completion of the finished product and in the sale and distribution of the product. The directors will use their knowledge of the products, the market place and costs of conversion, sale and distribution to make an informed judgement as to the net realisable value of each product.

Allowance for impairment of trade debtors
The group estimates the allowance for doubtful trade debtors and contract balances based on assessment of specific accounts where the company has objective evidence comprising default in payment terms or significant financial difficulty that certain customers are unable to meet their financial obligations. In these cases, judgement used was based on the best available facts and circumstances including but not limited to, the length of relationship.



TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Useful lives of depreciable assets
The annual depreciation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of fair values and residual values. The directors annually review these asset lives and adjust them as necessary to reflect current thinking on remaining lives in light of technological change, prospective economic utilisation and physical condition for the period. It is not practical to quantify the impact of changes in asset lives on an overall basis, as asset lives are individually determined , and there are a significant number of asset lives in use. The impact of any change would vary significantly depending on the individual changes in assets and the classes of assets impacted.

Provision for liabilities
Provisions are recognised when the group has a present legal or constructive obligation as result of past events; it is probable that an outflow of resources will be required to settle the obligation: and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.
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 time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

Share Capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Contingent Liabilities
Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the group's control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.

Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefit is probable.

Related party transactions
The group discloses transactions with related parties which are not wholly owned within the same group. Where appropriate, transactions of a similar nature are aggregated unless, in the opinion of the directors, separate disclosure is necessary to understand the effect of the transactions on the group financial statements.

3. TURNOVER

The turnover relates to the group's principal activities which are carried on mainly in the United Kingdom and Republic of Ireland.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


4. EMPLOYEES AND DIRECTORS
Period
1.5.23
to Year Ended
31.10.24 30.4.23
£    £   
Wages and salaries 2,514,238 1,505,769
Social security costs 244,320 145,055
Other pension costs 178,194 112,729
2,936,752 1,763,553

The average number of employees during the period was as follows:
Period
1.5.23
to Year Ended
31.10.24 30.4.23

Sales 10 14
Administration 11 10
Transport and construction 23 33
Production 17 -
61 57

The average number of employees by undertakings that were proportionately consolidated during the period was 59 (2023 - 57 ) .

5. DIRECTORS' EMOLUMENTS

Directors' remuneration

31.10.24 30.04.23
£    £   

Directors' emoluments 99,556 64,753
Company contributions to defined contribution pension scheme 128,500 85,000
228,056 149,753

During the year retirement benefits were accruing to two directors (2023- 2) in respect of a defined contribution pension scheme.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


6. OPERATING PROFIT

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

Period
1.5.23
to Year Ended
31.10.24 30.4.23
£    £   
Other operating leases 100,254 65,166
Depreciation - owned assets 278,420 186,810
Depreciation - assets on hire purchase contracts 125,067 88,145
Profit on disposal of fixed assets - (5,000 )
Auditors' remuneration 5,000 4,500
Auditors' remuneration for non audit work 6,000 5,450

7. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.5.23
to Year Ended
31.10.24 30.4.23
£    £   
Bank interest and charges 41,630 80,617
Bank loan interest 73,326 23,960
Hire purchase 2,799 9,603
117,755 114,180

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.5.23
to Year Ended
31.10.24 30.4.23
£    £   
Current tax:
UK corporation tax 539,952 175,611
Corporation tax refund (70,534 ) (45,391 )
Prior year tax adjustment - 28,093
Total current tax 469,418 158,313

Deferred tax (9,166 ) 91,735
Tax on profit 460,252 250,048

UK corporation tax was charged at 19.60 %) in 2023.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


8. TAXATION - continued

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

Period
1.5.23
to Year Ended
31.10.24 30.4.23
£    £   
Profit before tax 2,027,622 1,275,754
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 19.493 %)

506,906

248,683

Effects of:
Expenses not deductible for tax purposes 306 1,404
Capital allowances in excess of depreciation - (74,476 )
Depreciation in excess of capital allowances 32,591 -
Deferred Tax (23,638 ) 91,735
Prior year adjustment (55,913 ) (17,298 )


Total tax charge 460,252 250,048

9. 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.


10. DIVIDENDS
Period
1.5.23
to Year Ended
31.10.24 30.4.23
£    £   
Ordinary shares of £1 each
Final 120,000 120,000

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


11. INTANGIBLE FIXED ASSETS

Group
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 May 2023 290,000 - 290,000
Additions - 13,530 13,530
At 31 October 2024 290,000 13,530 303,530
AMORTISATION
At 1 May 2023
and 31 October 2024 290,000 - 290,000
NET BOOK VALUE
At 31 October 2024 - 13,530 13,530
At 30 April 2023 - - -

12. TANGIBLE FIXED ASSETS

Group
Land & Leasehold Plant and
Property Improvements machinery
£    £    £   
COST
At 1 May 2023 1,538,345 67,842 1,732,381
Additions 770,570 - 230,542
At 31 October 2024 2,308,915 67,842 1,962,923
DEPRECIATION
At 1 May 2023 - 57,901 1,227,984
Charge for period - 9,941 219,426
At 31 October 2024 - 67,842 1,447,410
NET BOOK VALUE
At 31 October 2024 2,308,915 - 515,513
At 30 April 2023 1,538,345 9,941 504,397

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


12. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 121,290 926,927 108,331 4,495,116
Additions 34,315 - - 1,035,427
At 31 October 2024 155,605 926,927 108,331 5,530,543
DEPRECIATION
At 1 May 2023 92,117 556,377 70,477 2,004,856
Charge for period 23,808 138,956 11,356 403,487
At 31 October 2024 115,925 695,333 81,833 2,408,343
NET BOOK VALUE
At 31 October 2024 39,680 231,594 26,498 3,122,200
At 30 April 2023 29,173 370,550 37,854 2,490,260

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 247,464 258,071 505,535
Transfer to ownership (158,864 ) (32,571 ) (191,435 )
Reclassification/transfer - 107,000 107,000
At 31 October 2024 88,600 332,500 421,100
DEPRECIATION
At 1 May 2023 138,703 75,205 213,908
Charge for period 17,011 108,056 125,067
Transfer to ownership (106,807 ) (18,830 ) (125,637 )
Reclassification/transfer - 26,750 26,750
At 31 October 2024 48,907 191,181 240,088
NET BOOK VALUE
At 31 October 2024 39,693 141,319 181,012
At 30 April 2023 108,761 182,866 291,627

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


13. FIXED ASSET INVESTMENTS

Company
Investment
in
subsidiary
companies
£   
COST
At 1 May 2023
and 31 October 2024 200
NET BOOK VALUE
At 31 October 2024 200
At 30 April 2023 200

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

Subsidiaries

Teemore Engineering Limited
Registered office: Knockaraven, Teemore, Enniskillen, Co Fermanagh BT92 9BL
Nature of business: Manufacturing and supply of livestock equipment
%
Class of shares: holding
Ordinary Shares of £1 each 100.00

Teemore Agricultural Ltd
Registered office: Knockaraven, Teemore, Enniskillen, Co Fermanagh BT92 9BL
Nature of business: Farming
%
Class of shares: holding
Ordinary shares of £1 each 100.00


14. STOCKS

Group
31.10.24 30.4.23
£    £   
Stocks 3,692,848 5,557,879

There are no material differences between the replacement cost of stock and the balance sheet value.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
31.10.24 30.4.23
£    £   
Trade debtors 3,700,240 2,064,561
Prepayments and accrued income 471,328 191,325
4,171,568 2,255,886

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.10.24 30.4.23 31.10.24 30.4.23
£    £    £    £   
Bank loans and overdrafts (see note 18) 142,385 171,896 - -
Hire purchase contracts (see note 19) 70,980 136,027 - -
Trade creditors 1,206,885 850,474 - -
Tax 539,952 175,611 - -
Social security and other taxes 39,795 40,028 - -
VAT 791,665 310,097 - -
Directors' current accounts 10,165 9,628 100 100
Accruals and deferred income 593,339 495,668 - -
3,395,166 2,189,429 100 100

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

Group
31.10.24 30.4.23
£    £   
Bank loans (see note 18) 372,802 531,740
Hire purchase contracts (see note 19) 27,867 74,361
400,669 606,101

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


18. LOANS

An analysis of the maturity of loans is given below:

Group
31.10.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 142,385 171,896
Amounts falling due between one and two years:
Bank loans - 1-2 years 126,995 234,031
Amounts falling due between two and five years:
Bank loans - 2-5 years 175,074 198,020
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 70,733 99,689

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
31.10.24 30.4.23
£    £   
Net obligations repayable:
Within one year 70,980 136,027
Between one and five years 27,867 74,361
98,847 210,388

20. SECURED DEBTS

The following secured debts are included within creditors:

Group
31.10.24 30.4.23
£    £   
Hire purchase contracts 98,847 210,388

The bank overdraft and loan are secured by an all monies debenture giving a fixed and floating charge over the certain assets held within the group.

Amounts due under hire purchase contracts are secured by the assets to which the agreements relate.

TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


21. PROVISIONS FOR LIABILITIES

Group
31.10.24 30.4.23
£    £   
Deferred tax 187,771 211,409

Group
Deferred
tax
£   
Balance at 1 May 2023 211,409
Provided during period (23,638 )
Balance at 31 October 2024 187,771

22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

23. RESERVES

Group
Retained
earnings
£   

At 1 May 2023 8,531,057
Profit for the period 1,567,370
Dividends (120,000 )
At 31 October 2024 9,978,427

Company
Retained
earnings
£   

Profit for the period 120,000
Dividends (120,000 )
At 31 October 2024 -


TEEMORE HOLDINGS LIMITED (REGISTERED NUMBER: NI636699)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Period 1 MAY 2023 TO 31 OCTOBER 2024


24. PENSION COMMITMENTS

The group operates a defined contribution pension scheme for the benefit of directors and staff. The assets of the scheme are held separately from those of the group in independently administered funds. The total pension cost for the group for the year was £178,194 (2023 - 99,273). There was a liability outstanding at the year end of £8,432 (2023 - £7,206).

25. CONTINGENT LIABILITIES

The directors confirm that neither the group nor the company had any contingent liabilities at the year end (2023 £Nil).

26. CAPITAL COMMITMENTS

The group had no capital commitments which were contracted for at the period end (2023 £582,000)

27. RELATED PARTY DISCLOSURES

The group has taken advantage of the exemptions given in paragraph 33.1A of FRS102 Related Party Transactions. This exemption permits non-disclosure of related party transaction where 100% of the voting rights of the subsidiary company are controlled within the group.

Included in creditors at the year end are amounts owing to the directors of £10,165 (2023: £9,628).

28. POST BALANCE SHEET EVENTS

There have been no significant events affecting the group nor company since the year end.

29. ULTIMATE CONTROLLING PARTY

Teemore Holdings Limited, which is incorporated in Northern Ireland is under the ultimate control of Mr C Wilson.

30. MOVEMENT IN SHAREHOLDERS' FUNDS

Teemore Holdings Limited has taken advantage of the exemption contained within section 408 of the Companies Act 2006 not to present its own profit and loss account. The profit for the financial year of the parent company was £120,000 (2023 £120,000).