REGISTERED NUMBER: NI013055 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LENAGHAN FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr M Cathcart

Mr P Cathcart

SECRETARY:

Mrs J M Cooke

REGISTERED OFFICE:

Lenaghan House

58 Derrygonnelly Road

Lenaghan

Enniskillen

Co. Fermanagh

BT74 5NZ

REGISTERED NUMBER:

NI013055 (Northern Ireland)

ACCOUNTANTS:

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

BANKERS:

Ulster Bank Limited

16 Darling Street

Enniskillen

Co. Fermanagh

BT74 7ER

FIXED ASSETS

Tangible assets

4

60,144

55,714

CURRENT ASSETS

Stocks

89,366

86,276

Debtors

5

3,722

3,566

Cash at bank

8,579

22,712

101,667

112,554

CREDITORS

Amounts falling due within one year

6

7,012

17,284

NET CURRENT ASSETS

94,655

95,270

TOTAL ASSETS LESS CURRENT LIABILITIES

154,799

150,984

PROVISIONS FOR LIABILITIES

7

11,918

13,929

NET ASSETS

142,881

137,055

CAPITAL AND RESERVES

Called up share capital

8

100

2

Retained earnings

9

142,781

137,053

SHAREHOLDERS' FUNDS

142,881

137,055

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 30 September 2025 and were signed on its behalf by:

Mr M Cathcart - Director

1.	STATUTORY INFORMATION

Lenaghan Farms 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.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property Improvements - 5% on cost

Plant and machinery etc - 20% on reducing balance

Fixed assets are initially stated at cost.

Stocks

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

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 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 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2024

38,485

159,602

198,087

Additions

-

18,800

18,800

At 31 December 2024

38,485

178,402

216,887

DEPRECIATION

At 1 January 2024

26,202

116,171

142,373

Charge for year

1,924

12,446

14,370

At 31 December 2024

28,126

128,617

156,743

NET BOOK VALUE

At 31 December 2024

10,359

49,785

60,144

At 31 December 2023

12,283

43,431

55,714

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

VAT

3,722

3,566

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

85

57

Hire purchase contracts

2,110

3,490

Tax

-

2,223

Directors' current accounts

3,717

10,414

Accruals and deferred income

1,100

1,100

7,012

17,284

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

11,918

13,929

Deferred

tax

£

Balance at 1 January 2024

13,929

Credit to Income Statement during year

(2,011

)

Balance at 31 December 2024

11,918

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

ordinary

£1

100

2

(31.12.23 - 2 )

9.

RESERVES

Retained

earnings

£

At 1 January 2024

137,053

Profit for the year

6,228

Dividends

(500

)

At 31 December 2024

142,781

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

30 September 2025