REGISTERED NUMBER: NI601538 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

RATHMORE HOUSE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C B McGrady FCA

S McLernon FCA

M B T McGrady FCA

K Rainey FCA

SECRETARY:

C B McGrady FCA

REGISTERED OFFICE:

Rathmore House

52 St. Patricks Avenue

Downpatrick

BT30 6DS

REGISTERED NUMBER:

NI601538 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Intangible assets

4

1,081,053

1,246,535

Tangible assets

5

99,363

114,615

1,180,416

1,361,150

CURRENT ASSETS

W.I.P

6

578,013

454,510

Debtors

7

531,758

574,285

Cash at bank and in hand

686,351

507,308

1,796,122

1,536,103

CREDITORS

Amounts falling due within one year

8

742,938

733,207

NET CURRENT ASSETS

1,053,184

802,896

TOTAL ASSETS LESS CURRENT LIABILITIES

2,233,600

2,164,046

CREDITORS

Amounts falling due after more than one year

9

152,572

273,289

NET ASSETS

2,081,028

1,890,757

CAPITAL AND RESERVES

Called up share capital

870

870

Capital redemption reserve

180

180

Retained earnings

2,079,978

1,889,707

SHAREHOLDERS' FUNDS

2,081,028

1,890,757

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 19th December 2025 and were signed on its behalf by:

S McLernon FCA - Director

C B McGrady FCA - Director

1.	STATUTORY INFORMATION

Rathmore House 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

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax, after adjusting for opening and closing work in progress.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years. Useful economic lives are reviewed at the end of each reporting period and revised if necessary, subject to the constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on reducing balance and 20% on reducing balance

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

2,277,286

Disposals

(57,322

)

At 31st March 2025

2,219,964

AMORTISATION

At 1st April 2024

1,030,751

Charge for year

108,160

At 31st March 2025

1,138,911

NET BOOK VALUE

At 31st March 2025

1,081,053

At 31st March 2024

1,246,535

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

103,783

277,396

381,179

Additions

-

6,052

6,052

At 31st March 2025

103,783

283,448

387,231

DEPRECIATION

At 1st April 2024

48,368

218,196

266,564

Charge for year

5,542

15,762

21,304

At 31st March 2025

53,910

233,958

287,868

NET BOOK VALUE

At 31st March 2025

49,873

49,490

99,363

At 31st March 2024

55,415

59,200

114,615

6.

W.I.P

2025

2024

£

£

W.I.P

569,630

454,510

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

524,624

571,368

Other debtors

7,134

2,917

531,758

574,285

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

122,487

132,092

Hire purchase contracts

10,804

9,924

Trade creditors

42,464

58,023

Taxation and social security

504,643

438,638

Other creditors

62,540

94,530

742,938

733,207

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

141,031

195,085

Hire purchase contracts

6,597

16,722

Other creditors

4,944

61,482

152,572

273,289