Mourne Archery Limited NI717729 false 2024-07-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of archery facilities Digita Accounts Production Advanced 6.30.9574.0 true NI717729 2024-07-01 2025-03-31 NI717729 2025-03-31 NI717729 bus:OrdinaryShareClass1 2025-03-31 NI717729 core:CurrentFinancialInstruments 2025-03-31 NI717729 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 NI717729 core:FurnitureFittingsToolsEquipment 2025-03-31 NI717729 1 2025-03-31 NI717729 bus:SmallEntities 2024-07-01 2025-03-31 NI717729 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-03-31 NI717729 bus:FilletedAccounts 2024-07-01 2025-03-31 NI717729 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-03-31 NI717729 bus:RegisteredOffice 2024-07-01 2025-03-31 NI717729 bus:Director1 2024-07-01 2025-03-31 NI717729 bus:OrdinaryShareClass1 2024-07-01 2025-03-31 NI717729 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-03-31 NI717729 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-03-31 NI717729 countries:AllCountries 2024-07-01 2025-03-31 NI717729 1 2024-07-01 2025-03-31 NI717729 1 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI717729

Mourne Archery Limited
Filleted Financial Statements
for the Period from 1 July 2024 to 31 March 2025

Mourne Archery Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Mourne Archery Limited

Company Information

Director | Miss Katy Cunningham

Registered office | 11 Burrenreagh Road Castlewellan Co Down BT31 9HH

Mourne Archery Limited

(Registration number: NI717729)
Balance Sheet as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 921
Current Assets |  | 8,671
Creditors: Amounts falling due within one year | 5 | (9,153)
Net current liabilities |  | (482)
Net assets |  | 439
Capital and reserves |  |
Called up share capital | 8 | 100
Retained earnings |  | 339
Shareholders' funds |  | 439

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Mourne Archery Limited

(Registration number: NI717729)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 27 February 2026

......................................... Miss Katy Cunningham Director

Mourne Archery Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 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:
11 Burrenreagh Road
Castlewellan
Co Down
BT31 9HH

The principal place of business is:
11 Burrenreagh Road
Castlewellan
Co Down
BT31 9HH

These financial statements were authorised for issue by the director on 27 February 2026.

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 the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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 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.

Mourne Archery Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 the director) during the period, was 1.

Mourne Archery Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 1,083 | 1,083
At 31 March 2025 | 1,083 | 1,083
Depreciation
Charge for the period | 162 | 162
At 31 March 2025 | 162 | 162
Carrying amount
At 31 March 2025 | 921 | 921

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 6 | 8,193
Accruals and deferred income |  | 960
|  | 9,153

6 | Loans and borrowings

| 2025 £
Other borrowings | 8,193

7 | Related party transactions

Transactions with the director

2025 | At 1 July 2024 £ | Advances from director £ | At 31 March 2025 £
Directors loan account | - | 8,193 | 8,193

Mourne Archery Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary share capital of £1 each | 100 | 100