REGISTERED NUMBER: NI652143 (Northern Ireland)

Financial Statements for the Year Ended 31 March 2025

for

Rosses Brae Farms Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Millar

REGISTERED OFFICE:

7 Gallan Road

Newtownstewart

Co. Tyrone

BT78 4BZ

REGISTERED NUMBER:

NI652143 (Northern Ireland)

ACCOUNTANTS:

Tyrone Accountancy Services

8-10 Church Street

Omagh

Co. Tyrone

BT78 1DG

FIXED ASSETS

Tangible assets

4

186,974

140,971

CURRENT ASSETS

Stocks

493,405

428,871

Debtors

5

227,029

187,168

720,434

616,039

CREDITORS

Amounts falling due within one year

6

694,836

578,134

NET CURRENT ASSETS

25,598

37,905

TOTAL ASSETS LESS CURRENT LIABILITIES

212,572

178,876

CREDITORS

Amounts falling due after more than one year

7

(47,711

)

(47,901

)

PROVISIONS FOR LIABILITIES

(31,909

)

(23,034

)

NET ASSETS

132,952

107,941

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

132,852

107,841

132,952

107,941

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 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 13 August 2025 and were signed by:

D Millar - Director

1.	STATUTORY INFORMATION

Rosses Brae 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.

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.

Tangible fixed assets are stated at cost (or deemed cost) and are subsequently carried at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes any costs directly attributable to making the asset capable of operating as intended.

Plant and machinery etc - 25%

Reducing Balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

23,500

284,292

307,792

Additions

-

130,367

130,367

Disposals

-

(120,800

)

(120,800

)

At 31 March 2025

23,500

293,859

317,359

DEPRECIATION

At 1 April 2024

-

166,821

166,821

Charge for year

-

18,175

18,175

Eliminated on disposal

-

(54,611

)

(54,611

)

At 31 March 2025

-

130,385

130,385

NET BOOK VALUE

At 31 March 2025

23,500

163,474

186,974

At 31 March 2024

23,500

117,471

140,971

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,261

26,750

Other debtors

213,768

160,418

227,029

187,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

337,309

383,190

Hire purchase contracts

23,365

20,767

Trade creditors

266,997

120,049

Taxation and social security

63,165

51,728

Other creditors

4,000

2,400

694,836

578,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,792

15,105

Hire purchase contracts

43,919

32,796

47,711

47,901