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Company Registration No. NI030701 (Northern Ireland)
Knockraine Farms Limited Unaudited accounts for the year ended 31 December 2024
Knockraine Farms Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Knockraine Farms Limited Company Information for the year ended 31 December 2024
Directors
Maurice Gilmore Hogg Rosemary Margaret Gilmore Hogg
Secretary
Maurice Hogg
Company Number
NI030701 (Northern Ireland)
Registered Office
48 HAMPTON PARK BELFAST BT7 3JP NORTHERN IRELAND
Accountants
Huston & Co 13 Cabin Hill Gardens Ballycloghan BELFAST Co Down BT5 7AP
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Knockraine Farms Limited Accountants' report
Accountants' report to the board of directors of Knockraine Farms Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Knockraine Farms Limited for the year ended 31 December 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Knockraine Farms Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Knockraine Farms Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knockraine Farms Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Knockraine Farms Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Knockraine Farms Limited. You consider that Knockraine Farms Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Knockraine Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Huston & Co 13 Cabin Hill Gardens Ballycloghan BELFAST Co Down BT5 7AP 4 August 2025
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Knockraine Farms Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
413,843
413,843
Current assets
Debtors
5
372
280
Cash at bank and in hand
214,712
201,635
215,084
201,915
Creditors: amounts falling due within one year
6
(4,714)
(3,365)
Net current assets
210,370
198,550
Total assets less current liabilities
624,213
612,393
Creditors: amounts falling due after more than one year
7
(169,283)
(171,377)
Net assets
454,930
441,016
Capital and reserves
Called up share capital
259,002
259,002
Profit and loss account
195,928
182,014
Shareholders' funds
454,930
441,016
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by
Rosemary Margaret Gilmore Hogg Director Company Registration No. NI030701
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Knockraine Farms Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Knockraine Farms Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI030701. The registered office is 48 HAMPTON PARK, BELFAST, BT7 3JP, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Shown at cost, no depreciation taken
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 January 2024
413,843
At 31 December 2024
413,843
Depreciation
At 31 December 2024
-
Net book value
At 31 December 2024
413,843
At 31 December 2023
413,843
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
372
280
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Knockraine Farms Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,450
1,400
Taxes and social security
3,264
1,965
4,714
3,365
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans from directors
169,283
171,377
The year end balance of £169,283 relates entirely to the director loan owed by the company to Dr Rosemary Hogg.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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