REGISTERED NUMBER: NI615244 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

McConnell & Fyffe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C G Parke

REGISTERED OFFICE:

The Old Rectory

21 Church Street

Omagh

Co. Tyrone

BT78 1DG

REGISTERED NUMBER:

NI615244 (Northern Ireland)

ACCOUNTANTS:

HMCI Limited

T/A Hamill McIlwaine

28-30 Old Mountfield Road

Omagh

Co. Tyrone

BT79 7BJ

FIXED ASSETS

Intangible assets

4

62,671

94,004

Tangible assets

5

14,390

17,240

77,061

111,244

CURRENT ASSETS

Debtors

6

343,764

315,549

Cash at bank

2,169

2,614

345,933

318,163

CREDITORS

Amounts falling due within one year

7

296,949

281,775

NET CURRENT ASSETS

48,984

36,388

TOTAL ASSETS LESS CURRENT LIABILITIES

126,045

147,632

CREDITORS

Amounts falling due after more than one year

8

-

2,818

NET ASSETS

126,045

144,814

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

125,045

143,814

SHAREHOLDERS' FUNDS

126,045

144,814

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue by the director and authorised for issue on 27 April 2026 and were signed by:

Mr C G Parke - Director

1.	STATUTORY INFORMATION

McConnell & Fyffe Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's principal activity is that of a professional solicitors office.

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.

The financial statements have been prepared on the going concern basis. The principal accounting policies, which have been applied consistently throughout the year, are set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation.

The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost, or valuation, of tangible fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows:

Improvements to property - 10% reducing balance

Fixtures and fittings - 10% reducing balance

Motor vehicles - 20% reducing balance

Computer equipment - 20% reducing balance

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.

Government grants

Revenue grants are credited to the Profit and Loss account when received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

470,000

AMORTISATION

At 1 January 2025

375,996

Amortisation for year

31,333

At 31 December 2025

407,329

NET BOOK VALUE

At 31 December 2025

62,671

At 31 December 2024

94,004

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

1,807

12,234

35,482

49,523

Additions

-

-

250

250

At 31 December 2025

1,807

12,234

35,732

49,773

DEPRECIATION

At 1 January 2025

1,298

8,775

22,210

32,283

Charge for year

51

346

2,703

3,100

At 31 December 2025

1,349

9,121

24,913

35,383

NET BOOK VALUE

At 31 December 2025

458

3,113

10,819

14,390

At 31 December 2024

509

3,459

13,272

17,240

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors and amounts

recoverable on contract

342,060

313,091

Prepayments and accrued income

1,704

2,458

343,764

315,549

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Office accounts - overdraft

143,652

129,613

Bank loans

26,142

29,183

Tax

36,422

32,195

Other creditors

87,558

86,091

Director's current account

3,175

4,693

296,949

281,775

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

2,818

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary shares

£1.00

1,000

1,000

10.	CLIENT ACCOUNTS

The company holds monies on behalf of clients in separately designated bank accounts and maintains a corresponding client ledger of an equal amount. Accordingly these balances have been offset.

2025

2024

£

£

Money held in clients' accounts

3,353,802

3,824,840

Clients' ledger balance

(3,353,802

)

(3,824,840

)

11.	RELATED PARTY DISCLOSURES

The balance on the director's current account is £3,175 (2024: £4,693) which is included within creditors. No interest is being charged on this balance.