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REGISTERED NUMBER: NI045139 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

RASCALS (N.I.) LIMITED

RASCALS (N.I.) LIMITED (REGISTERED NUMBER: NI045139)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


RASCALS (N.I.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: R B D'Arcy
Mrs L R D'Arcy





SECRETARY: R B D'Arcy





REGISTERED OFFICE: 121a Circular Road
Belfast
BT4 2GE





REGISTERED NUMBER: NI045139 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BT1 3BG

RASCALS (N.I.) LIMITED (REGISTERED NUMBER: NI045139)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,841,400 460,182
2,841,400 460,182

CURRENT ASSETS
Debtors 6 66,789 1,008,091
Cash at bank 1,033,216 1,223,398
1,100,005 2,231,489
CREDITORS
Amounts falling due within one year 7 1,503,579 673,862
NET CURRENT (LIABILITIES)/ASSETS (403,574 ) 1,557,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,437,826

2,017,809

PROVISIONS FOR LIABILITIES 25,969 98,178
NET ASSETS 2,411,857 1,919,631

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,410,857 1,918,631
SHAREHOLDERS' FUNDS 2,411,857 1,919,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

RASCALS (N.I.) LIMITED (REGISTERED NUMBER: NI045139)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by:





R B D'Arcy - Director


RASCALS (N.I.) LIMITED (REGISTERED NUMBER: NI045139)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Rascals (N.I.) 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements in:

The determination of whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and business in general.

The directors also consider the depreciation and amortisation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003 and 2007, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 5% on cost
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.


RASCALS (N.I.) LIMITED (REGISTERED NUMBER: NI045139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 160 (2024 - 160 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 920,000
AMORTISATION
At 1 February 2024
and 31 January 2025 920,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

RASCALS (N.I.) LIMITED (REGISTERED NUMBER: NI045139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 February 2024 - 11,706 718,429
Additions 2,414,108 - -
At 31 January 2025 2,414,108 11,706 718,429
DEPRECIATION
At 1 February 2024 - 696 295,830
Charge for year - 784 35,922
At 31 January 2025 - 1,480 331,752
NET BOOK VALUE
At 31 January 2025 2,414,108 10,226 386,677
At 31 January 2024 - 11,010 422,599

Fixtures,
fittings Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 107,508 57,670 28,664 923,977
Additions - 14,250 - 2,428,358
At 31 January 2025 107,508 71,920 28,664 3,352,335
DEPRECIATION
At 1 February 2024 105,544 39,669 22,056 463,795
Charge for year 393 7,860 2,181 47,140
At 31 January 2025 105,937 47,529 24,237 510,935
NET BOOK VALUE
At 31 January 2025 1,571 24,391 4,427 2,841,400
At 31 January 2024 1,964 18,001 6,608 460,182

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 66,789 1,008,091

RASCALS (N.I.) LIMITED (REGISTERED NUMBER: NI045139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 27,168 38,000
Taxation and social security 243,819 93,476
Other creditors 1,232,592 542,386
1,503,579 673,862