FRIENDS OF LOUGHMACRORY C.I.C.

Company limited by guarantee

Company Registration Number:
NI706278 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 12 December 2023

End date: 31 December 2024

FRIENDS OF LOUGHMACRORY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FRIENDS OF LOUGHMACRORY C.I.C.

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The company is being established to promote rural regeneraion by working with the local council to obtain a long term lease for a site for redevelopment which will benefit the community. The Company have obtanied planning concent for a new sports pitch, pitch flood lighting, trim/trail walkway, community allotments, multi sports ball wall and outdoor gym equipment on the site.



Directors

The directors shown below have held office during the whole of the period from
12 December 2023 to 31 December 2024

Barry Cullen
Sean Donaghy
Mark Grimes
Ciaran McAnespie
Mary McCrystal
Shane McCullagh
Kerry McDonald
Rory O'Brien


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 December 2025

And signed on behalf of the board by:
Name: Barry Cullen
Status: Director

FRIENDS OF LOUGHMACRORY C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2024

13 months to 31 December 2024


£
Turnover: 212,565
Gross profit(or loss): 212,565
Administrative expenses: ( 135,075 )
Operating profit(or loss): 77,490
Profit(or loss) before tax: 77,490
Profit(or loss) for the financial year: 77,490

FRIENDS OF LOUGHMACRORY C.I.C.

Balance sheet

As at 31 December 2024

Notes 13 months to 31 December 2024


£
Current assets
Cash at bank and in hand: 192,490
Total current assets: 192,490
Net current assets (liabilities): 192,490
Total assets less current liabilities: 192,490
Creditors: amounts falling due after more than one year: 3 ( 115,000 )
Total net assets (liabilities): 77,490
Members' funds
Profit and loss account: 77,490
Total members' funds: 77,490

The notes form part of these financial statements

FRIENDS OF LOUGHMACRORY C.I.C.

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.

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

This report was approved by the board of directors on 12 December 2025
and signed on behalf of the board by:

Name: Barry Cullen
Status: Director

The notes form part of these financial statements

FRIENDS OF LOUGHMACRORY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Income comprises donations, grants and trading income, where applicable. Donations are recognised when the Company is entitled to the income, receipt is probable, and the amount can be measured reliably. Grant income is recognised when the conditions attached to the grant have been met. Trading income is recognised when goods or services are provided. Non-trading donations are included in income for accounting purposes but are excluded from taxable profits in the Corporation Tax computation where appropriate.

FRIENDS OF LOUGHMACRORY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    13 months to 31 December 2024
    Average number of employees during the period 0

FRIENDS OF LOUGHMACRORY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due after more than one year note

13 months to 31 December 2024
£
Other creditors 115,000
Total 115,000

COMMUNITY INTEREST ANNUAL REPORT

FRIENDS OF LOUGHMACRORY C.I.C.

Company Number: NI706278 (Northern Ireland)

Year Ending: 31 December 2024

Company activities and impact

The company is being established to promote rural regeneraion by working with the local council to obtain a long term lease for a site for redevelopment which will benefit the community. The Company have obtanied planning concent for a new sports pitch, pitch flood lighting, trim/trail walkway, community allotments, multi sports ball wall and outdoor gym equipment on the site.

Consultation with stakeholders

The company’s stakeholders are residents of and visitors to the area, they are kept up to date on the companies activities through social media.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 December 2025

And signed on behalf of the board by:
Name: Barry Cullen
Status: Director