Registration number: NI644612

Largy Developments Ltd

(Registration number: NI644612)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	71,784	21,500
Current assets
Stocks	5	1,251,300	1,197,327
Debtors	6	78,975	886
Cash at bank and in hand		105,365	41,141
		1,435,640	1,239,354
Creditors: Amounts falling due within one year	7	(1,035,585)	(858,193)
Net current assets		400,055	381,161
Net assets		471,839	402,661
Capital and reserves
Called up share capital	8	20	20
Retained earnings		471,819	402,641
Shareholders' funds		471,839	402,661

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr Martin McGrogan Director

Largy Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Site 10, Enkalon Industrial Estate, Randalstown Road, Antrim, BT41 4LD.

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income and blood stock sales in the ordinary course of the Company's activities.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Largy Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Development properties are stated at the lower of cost and estimated selling price less costs to complete and sell.

Blood stock is valued at the lower of cost and net realisable value. Cost includes purchase price and directly attributable rearing costs. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling proce less costs to complete and sell: the impairment loss is recognised immediately in the profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Largy Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	39,493	39,493
Additions	68,229	68,229
At 31 March 2025	107,722	107,722
Depreciation
At 1 April 2024	17,993	17,993
Charge for the year	17,945	17,945
At 31 March 2025	35,938	35,938
Carrying amount
At 31 March 2025	71,784	71,784
At 31 March 2024	21,500	21,500

5

Stocks

	2025 £	2024 £
Development properties	419,288	540,952
Blood stock	832,012	656,375
	1,251,300	1,197,327

6

Debtors

Current	2025 £	2024 £
Trade debtors	54,031	-
Other debtors	24,944	886
	78,975	886

Largy Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	4,432	2,542
Accruals and deferred income	3,500	3,500
Other creditors	1,027,653	852,151
	1,035,585	858,193

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	40	40	40	40

Largy Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

The following balance was owed to the directors at the year end:

	2025  £	2024  £
Directors current account	28,987	28,987