Company registration number: NI027859
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Boreal Limited
Pages for filing with the Registrar
Company registration number: NI027859
Boreal Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 3,990 14,189
Investments 5 7,002 7,002
Investment property 6 3,173,833 3,173,833
3,184,825 3,195,024
Current assets
Stocks 500,000 500,000
Debtors 7 747,562 111,719
Cash at bank and in hand 1,545,958 968,733
2,793,520 1,580,452
Creditors: amounts falling due within one
year 		8 (147,954) (6,053,223)
Net current assets/(liabilities) 2,645,566 (4,472,771)
Total assets less current liabilities 5,830,391 (1,277,747)
NET ASSETS/(LIABILITIES) 5,830,391 (1,277,747)
Capital and reserves
Called up share capital 42 2
Revaluation reserve 7,808 7,808
Profit and loss account 5,822,541 (1,285,557)
TOTAL EQUITY 5,830,391 (1,277,747)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI027859
Boreal Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 13 May 2026 and signed on its behalf by:
Mr N Eakin, Director
13 May 2026
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Boreal Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Boreal Limited is a private company registered in Northern Ireland. Its registered number is NI027859. The company is limited by shares. Its registered office is Boreal Ltd, Unit 9a, Craigavon, County Armagh, BT63 5WG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures and Fittings - 10% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Boreal Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2025 106,097
At 31 December 2025 106,097
Depreciation
At 1 January 2025 91,908
Charge for year 10,199
At 31 December 2025 102,107
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Boreal Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets - continued
Net book value
At 31 December 2025 3,990
At 31 December 2024 14,189
5 Fixed asset investments
Investments other than loans
Other
investments
other than
loans
£
Cost
At 1 January 2025 7,002
At 31 December 2025 7,002
Net book value
At 31 December 2025 7,002
At 31 December 2024 7,002
6 Investment property
£
Valuation
At 1 January 2025 3,173,833
Disposals -
At 31 December 2025 3,173,833
7 Debtors
2025 2024
£ £
Trade debtors 77,846 100,701
Amounts owed by participating interests 660,176 -
Taxation - 3,854
Other debtors 9,540 7,164
747,562 111,719
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Boreal Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
8 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors - 2,543
Amounts owed to participating interests - 5,939,824
Amounts owed to directors 50,219 50,259
VAT payable 20,012 -
Accruals and deferred income 77,723 60,597
147,954 6,053,223
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