Rekkur (NI) Limited - Filleted accounts

Registered number

NI613379

Rekkur (NI) Limited

Filleted Accounts

31 August 2025

Rekkur (NI) Limited
Registered number:		NI613379
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		3,441,164			2,325,528

Current assets
Stocks		239,319			312,579
Debtors	5	1,285,087			1,399,969
Cash at bank and in hand		570,361			304,617
		2,094,767			2,017,165

Creditors: amounts falling due within one year	6	(3,427,996)			(1,326,538)

Net current (liabilities)/assets			(1,333,229)			690,627

Total assets less current liabilities			2,107,935			3,016,155

Creditors: amounts falling due after more than one year	7		(1,369,199)			(1,356,662)



Net assets			738,736			1,659,493

Capital and reserves
Called up share capital			2			2
Profit and loss account			738,734			1,659,491

Shareholder's funds			738,736			1,659,493

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime, FRS102 Section 1A. The profit and loss account has not been delivered to the Registrar of Companies.




Vincent McCoy
Director
Approved by the board on 29 January 2026

Rekkur (NI) Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			20% straight line
	Motor Vehicles			20% straight line
	Plant and machinery			15% reducing balance
	Fixtures, fittings, tools and equipment			15% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Audit information

	The audit report is qualified with the basis for the qualified opinion being as follows: We were appointed as auditors of the company on 29 April 2025 and thus did not observe the counting of the physical inventories at the beginning of the year. We were unable to satisfy ourselves by alternative means concerning inventory quantities held at 31 August 2024. Since opening inventories enter into the determination of the financial performance and cash flows, we were unable to determine whether adjustments might have been necessary in respect of the profit for the year reported in the statement of comprehensive income and the net cash flows from operating activities reported in the statement of cash flows.

	Senior statutory auditor:	Brian McCullagh
	Firm:	BMC Accountants Ltd
	Date of audit report:	29 January 2026


3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					30		36


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	493,849		3,413,029		312,617		4,219,495
	Additions	22,360		1,628,152		-		1,650,512
	Disposals	-		(61,017)		-		(61,017)
	At 31 August 2025	516,209		4,980,164		312,617		5,808,990

	Depreciation
	At 1 September 2024	403,877		1,364,347		125,743		1,893,967
	Charge for the year	39,305		423,073		48,808		511,186
	On disposals	-		(37,327)		-		(37,327)
	At 31 August 2025	443,182		1,750,093		174,551		2,367,826

	Net book value
	At 31 August 2025	73,027		3,230,071		138,066		3,441,164
	At 31 August 2024	89,972		2,048,682		186,874		2,325,528


5	Debtors					2025		2024
£							£

	Trade debtors					681,998		918,410
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					584,623		438,421
	Other debtors					18,466		43,138
						1,285,087		1,399,969


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					534,116		629,859
	Obligations under finance lease and hire purchase contracts					249,465		373,167
	Trade creditors					169,608		140,733
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					2,168,971		-
	Taxation and social security costs					35,156		53,169
	Other creditors					270,680		129,610
						3,427,996		1,326,538


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					951,367		1,091,221
	Obligations under finance lease and hire purchase contracts					417,832		265,441
						1,369,199		1,356,662


8	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					800,000		800,000


	Secured bank loans					533,445		629,258

	The Governor and Company of the Bank of Ireland hold a fixed and floating charge over the assets of the company and this has been registered with Companies House (Charge Code NI61 3379 0006). There is also a charge registered with Companies House from Whiterock IFNI Debt GP Limited (Charge Code NI61 3379 0008 and Charge Code NI61 3379 0007). This contains a fixed and floating charge covering all the property or undertaking of the company. This contains a negative pledge. There is also a charge registered with Companies House from NI Growth Loan Fund li General Partner Limited (Charge Code NI61 3379 0005). This contains a fixed and floating charge covering all the property or undertaking of the company. This contains a negative pledge.

9	Related party transactions
	Balances owing to and from related parties were as follows:					2025		2024
£							£
	Included within debtors
	Jagual Polymers Limited	Loan				584,623		435,846
	Advanced Polymer Engineering Ltd	Loan				-		2,575
						584,623		438,421

	Included within creditors
	Judra Limited	Loan				2,168,971		-
						2,168,971		-

	The following entities have been identified as related parties on the basis of common ownership: Jaguar Polymers Ltd Advanced Polymer Engineering Ltd Loans to Related Parties During the year, Rekkur (NI) Ltd advanced an additional £148,777 in interest-free loans to Jaguar Polymers Ltd, increasing the balance from £435,846 at 31 August 2024 to £584,623 at 31 August 2025. This balance is repayable on demand. Rekkur (NI) Ltd had an outstanding balance of £2,575 from Advanced Polymer Engineering Ltd which has now been written off as a bad debt due to Advanced Polymer Engineering Ltd being struck off the registrar of companies in Ireland and therefore the balance is deemed irrecoverable. Transactions with Jaguar Polymers Ltd During the year, there was additional investment funds received from Whiterock of £550,000 which were received into Rekkur (NI) ltd but actually related to the investment into Jaguar Polymers Ltd. There were then transfers to Jaguar Polymers Ltd from Rekkur (NI) Ltd of £335k which was a direct loan to Jaguar Polymers Ltd. There was also a further charge to Jaguar Polymers Ltd from Rekkur (NI) Ltd for insurance, hire of assets, direct labour charge and production cost which totalled £363,776. Therefore, this resulted in a further loan being made to Jaguar Polymers Ltd from Rekkur (NI) Ltd during the year of £148,777. At 31 August 2025, an amount outstanding of £584,623 was outstanding. At 31st August 2024, there was an outstanding balance of £435,846.
	Loan from Parent Company Judra Ltd has been identified as the parent company as Judra Ltd owns 100% of the shareholding in Rekkur (NI) Ltd. Therefore, the two entities are related parties under FRS 102 section 33. Amounts owed to the parent company At the year-end, Rekkur (NI) Ltd owed £2,168,971 to its parent company, Judra Ltd, in respect of funding advanced. The balance is unsecured, interest-free, and is repayable on demand. No guarantees have been given or received in respect of this balance. Transactions during the year consisted of funding provided by the parent company. This resulted in a closing creditor balance of £2,168,971 which Rekkur (NI) Ltd owe to Judra Ltd. No other related party transactions were undertaken.


10	Controlling party

	The company is a 100% subsidiary of Judra Limited whose registered office is at 5 Drumbrughas Avenue, Lisnaskea, Enniskillen, United Kingdom, BT92 0QQ.


11	Other information

	Rekkur (NI) Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	5 Drumbrughas Avenue, Drumbrughas North
	Lisnaskea
	Enniskillen
	BT92 0QQ