TULLYGALLY INNS LIMITED

Company Registration Number:
NI048246 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

TULLYGALLY INNS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

TULLYGALLY INNS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 85,000 85,000
Tangible assets: 4 182,510 183,228
Total fixed assets: 267,510 268,228
Current assets
Stocks: 13,140 13,150
Debtors:   3,079 4,927
Cash at bank and in hand: 100,934 96,531
Total current assets: 117,153 114,608
Creditors: amounts falling due within one year:   (42,566) (37,879)
Net current assets (liabilities): 74,587 76,729
Total assets less current liabilities: 342,097 344,957
Total net assets (liabilities): 342,097 344,957
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 342,087 344,947
Shareholders funds: 342,097 344,957

The notes form part of these financial statements

TULLYGALLY INNS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 September 2025
and signed on behalf of the board by:

Name: Joseph O'Connor
Status: Director

The notes form part of these financial statements

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Property, plant and equipment 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 property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: Land and buildings No depreciation charge Plant and machinery 10% reducing balance Fixtures 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.

Valuation and information policy

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.

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 85,000
At 31 December 2024 85,000
Net book value
At 31 December 2024 85,000
At 31 December 2023 85,000

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 211,351
Additions 385
At 31 December 2024 211,736
Depreciation
At 01 January 2024 28,123
Charge for year 1,103
At 31 December 2024 29,226
Net book value
At 31 December 2024 182,510
At 31 December 2023 183,228