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REGISTERED NUMBER: NI049172 (Northern Ireland)















JOHNSTOWN FARMS LTD

Unaudited Financial Statements for the Year Ended 31 March 2025





Cooper Parry Advisory Limited
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP








JOHNSTOWN FARMS LTD (REGISTERED NUMBER: NI049172)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JOHNSTOWN FARMS LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Kenneth John Robinson





REGISTERED OFFICE: Magheraveely
Enniskillen
Co. Fermanagh
BT92 6GL





REGISTERED NUMBER: NI049172 (Northern Ireland)





ACCOUNTANTS: Cooper Parry Advisory Limited
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP
1
JOHNSTOWN FARMS LTD (REGISTERED NUMBER: NI049172)

Statement of Financial Position
31 MARCH 2025

2025 2024
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 575,830 562,664
Investments 6 5,000 5,000
580,830 567,664

CURRENT ASSETS
Inventories 154,180 187,624
Receivables: amounts falling due within
one year
7
186,774
5,513
Cash at bank 175,958 324,579
516,912 517,716
PAYABLES
Amounts falling due within one year 8 (15,179 ) (30,385 )
NET CURRENT ASSETS 501,733 487,331
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,082,563
1,054,995

PROVISIONS FOR LIABILITIES (10,533 ) (20,204 )
NET ASSETS 1,072,030 1,034,791

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,072,028 1,034,789
SHAREHOLDERS' FUNDS 1,072,030 1,034,791

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

2
JOHNSTOWN FARMS LTD (REGISTERED NUMBER: NI049172)

Statement of Financial Position - continued
31 MARCH 2025


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 director and authorised for issue on 10 September 2025 and were signed by:





Kenneth John Robinson - Director


The notes form part of these financial statements

3
JOHNSTOWN FARMS LTD (REGISTERED NUMBER: NI049172)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Johnstown Farms 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed 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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Stocks are valued at the lower of cost and net realisable value. Full provision is made for obsolete and slow moving items.

Livestock are stated at the lower of cost and net realisable value. Where appropriate cost is arrived at as follows:

60% of the market value of cattle bred on the farm or purchased as immature stock
Other stocks are stated at the lower of cost and net realisable value.

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 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.

4
JOHNSTOWN FARMS LTD (REGISTERED NUMBER: NI049172)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 April 2024 456,336 357,541 448 22,333 836,658
Additions - 383 - 39,500 39,883
At 31 March 2025 456,336 357,924 448 61,833 876,541
DEPRECIATION
At 1 April 2024 - 260,164 420 13,410 273,994
Charge for year - 14,607 4 12,106 26,717
At 31 March 2025 - 274,771 424 25,516 300,711
NET BOOK VALUE
At 31 March 2025 456,336 83,153 24 36,317 575,830
At 31 March 2024 456,336 97,377 28 8,923 562,664

6. FIXED ASSET INVESTMENTS
Listed
investments
£
COST
At 1 April 2024
and 31 March 2025 5,000
NET BOOK VALUE
At 31 March 2025 5,000
At 31 March 2024 5,000

5
JOHNSTOWN FARMS LTD (REGISTERED NUMBER: NI049172)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Amounts owed by group undertakings 180,000 -
Other debtors 6,774 5,513
186,774 5,513

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Taxation and social security 13,746 25,023
Other payables 1,433 5,362
15,179 30,385

6