ACCOUNTS - Final Accounts

Unaudited Financial Statements

Mallusk Quarries Limited

For the Year Ended 30 April 2025

Registered number: NI004210


Mallusk Quarries Limited

Company Information

Directors	H Boyd
	J M Boyd (resigned 22 May 2024)


Company secretary	Jane Boyd


Registered number	NI004210


Registered office	38 The Square
	Ballyclare
	Antrim
	BT39 9BB


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


Bankers	Danske Bank
	39 Mallusk Road
	Newtownabbey
	Antrim
	BT36 8PP


Solicitors	O'Rorke, McDonald and Tweed
	37 - 39 Church Street
	Antrim
	BT41 4BD


Mallusk Quarries Limited

Contents

	Page
Accountants' report	1
Balance sheet	2 - 3
Notes to the financial statements	4 - 7

Independent Accountant's Report to the directors of the unaudited financial statements of Mallusk Quarries Limited for the Year Ended 30 April 2025

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Mallusk Quarries Limited for the year ended 30 April 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Mallusk Quarries Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Mallusk Quarries Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mallusk Quarries Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 30 April 2025 and you have acknowledged on the Balance sheet as at 30 April 2025 your duty to ensure that Mallusk Quarries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Mallusk Quarries Limited is exempt from the statutory audit requirement for the year ended 30 April 2025.

We have not been instructed to carry out an audit or review the financial statements of Mallusk Quarries 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 financial statements.

Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 13 October 2025

Page 1


Mallusk Quarries Limited Registered number:NI004210

Balance Sheet

As at 30 April 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		2,548,624		2,548,624
			2,548,624		2,548,624
Current assets
Cash at bank and in hand	6	1,970		2,090
		1,970		2,090
Creditors: amounts falling due within one year	7	(2,979,250)		(2,979,250)
Net current liabilities			(2,977,280)		(2,977,160)
Total assets less current liabilities			(428,656)		(428,536)

Net liabilities			(428,656)		(428,536)

Capital and reserves
Called up share capital	8	10,000	10,000
Profit and loss account	9	(438,656)	(438,536)
		(428,656)	(428,536)

Page 2


Mallusk Quarries Limited Registered number:NI004210

Balance Sheet (continued)

As at 30 April 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 October 2025.

H Boyd

Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3


Mallusk Quarries Limited

Notes to the Financial Statements

For the Year Ended 30 April 2025

1.	General information

Mallusk Quarries Limited is a private company, limited by shares, incorporated in Northern Ireland. Its principal activity is that of aggregate extraction.
The registered office is 38 The Square, Ballyclare, Antrim, BT39 9BB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The company has made a loss of £120 (2024: £120) during the period, and has net liabilities of £428,656 as at 30 April 2025 (2024: £428,536). The company meets its working capital requirements through financial support from its parent and is dependent on this continuing support. The directors are confident the support will continue to be made available to allow the company to trade for the foreseeable future. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land

not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


Mallusk Quarries Limited

Notes to the Financial Statements

For the Year Ended 30 April 2025

2.Accounting policies (continued)

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short-term creditors 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.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic
lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually.
They are amended when necessary to reflect current estimates, based on future investments, economic
utilisation and the physical condition of the assets.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5


Mallusk Quarries Limited

Notes to the Financial Statements

For the Year Ended 30 April 2025

5.	Tangible fixed assets

		Land and buildings
		£
	Cost or valuation
	At 1 May 2024	2,548,624
	At 30 April 2025	2,548,624

	Net book value
	At 30 April 2025	2,548,624
	At 30 April 2024	2,548,624

The net book value of land and buildings may be further analysed as follows:
	2025	2024
	£	£

Freehold	2,548,624	2,548,624
	2,548,624	2,548,624

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,970	2,090
	1,970	2,090

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	2,979,250	2,979,250
	2,979,250	2,979,250

Amounts owed to group undertakings are unsecured, interest free and repayable upon demand.

Page 6


Mallusk Quarries Limited

Notes to the Financial Statements

For the Year Ended 30 April 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

10,000 (2024 - 10,000) Ordinary shares of £1.00 each	10,000	10,000

Reserves

Profit & loss account

This includes all current and prior period losses.

10.	Related party transactions
	The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.

11.	Controlling party

The immediate parent company of Mallusk Quarries Limited is James Boyd & Sons (Carnmoney) Limited , a company incorporated in Northern Ireland.
The directors of James Boyd & Sons (Carnmoney) Limited are considered the ultimate controlling parties by virtue of their shareholding.

Page 7