REGISTERED NUMBER: NI660785 (Northern Ireland)

Stonehatch Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company information

1

Statement of financial position

2

Notes to the financial statements

3

to

6

Directors:

Mr R McDonagh

Mrs D McDonagh

Mr J McDonagh

Secretary:

Mr R McDonagh

Registered office:

169-173 Obins Street

Portadown

Armagh

BT62 1BS

Registered number:

NI660785 (Northern Ireland)

Accountants:

Wylie Ruddell

Chartered Accountants

Armagh Business Centre

2 Loughgall Road

Armagh

BT61 7NH

Fixed assets

Investments

4

1

50,001

Investment property

5

930,000

1,030,000

930,001

1,080,001

Current assets

Receivables

6

-

285,187

Investments

7

221,911

190,136

221,911

475,323

Payables

Amounts falling due within one year

8

(2,390

)

(2,930

)

Net current assets

219,521

472,393

Total assets less current liabilities

1,149,522

1,552,394

Capital and reserves

Called up share capital

9

74,001

74,001

Revaluation reserve

10

407,952

388,452

Retained earnings

10

667,569

1,089,941

Shareholders' funds

1,149,522

1,552,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr R McDonagh - Director

1.	Statutory information

Stonehatch Holdings Ltd 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 as modified by the revaluation of certain assets.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investment in subsidiaries includes an impairment this year of £50,000 in Thos W McDonagh as this company has gone into liquidation.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Receivables

Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Payables

Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

3.	Employees and directors

The average number of employees during the year was 3 (2023 - 4 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

50,001

Impairments

(50,000

)

At 31 December 2024

1

Net book value

At 31 December 2024

1

At 31 December 2023

50,001

Group undertakings are made up of the following shareholdings:

Company name

Share type

Number of shares

2024

2023

£

£

Thos. W. McDonagh Ltd

Ordinary

50,000

0

50,000

Stonehatch Ltd

Ordinary

1

1

1

50,001

50,001

Shareholding in Thos W McDonagh Ltd has been impaired this year as this company has gone into liquidation.

5.	Investment property

Total

£

Fair value

At 1 January 2024

1,030,000

Disposals

(100,000

)

At 31 December 2024

930,000

Net book value

At 31 December 2024

930,000

At 31 December 2023

1,030,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

850,000

Valuation in 2023

80,000

930,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

522,048

641,548

Investment property was valued on an open market basis on 31 December 2024 by the directors.

6.	Receivables

2024

2023

£

£

Amounts owed by group undertakings

-

285,187

7.	Current asset investments

Current asset investments include the current bank account an investment account.

8.

Payables

2024

2023

£

£

Other payables

2,390

2,930

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

64,001

Class A Ordinary Shares

1

64,001

64,001

10,000

Class B Ordinary shares

1

10,000

10,000

74,001

74,001

10.

Reserves

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

1,089,941

388,452

1,478,393

Deficit for the year

(352,872

)

(352,872

)

Dividends

(50,000

)

(50,000

)

Revaluation of property

(19,500

)

19,500

-

At 31 December 2024

667,569

407,952

1,075,521

11.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mrs D McDonagh

Balance outstanding at start of year

-

31,734

Amounts advanced

51,950

63,803

Amounts repaid

(51,950

)

(95,537

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr R McDonagh

Balance outstanding at start of year

-

(2,755

)

Amounts advanced

1,691

5,632

Amounts repaid

(1,691

)

(2,877

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr J McDonagh

Balance outstanding at start of year

-

2,763

Amounts advanced

643

1,228

Amounts repaid

(643

)

(3,991

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

12.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.