REGISTERED NUMBER: NI613790 (Northern Ireland)

THE MARKET YARD (NI) LTD

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Patrick Scullion

REGISTERED OFFICE:

71 Creagh Road

Castledawson

Magherafelt

BT45 8EY

REGISTERED NUMBER:

NI613790 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Intangible assets

5

70,000

-

Tangible assets

6

1,830,179

-

1,900,179

-

CURRENT ASSETS

Stocks

-

315,400

Receivables: amounts falling due within one year

7

22,499

9,462

Cash at bank

63,952

817

86,451

325,679

PAYABLES

Amounts falling due within one year

8

(1,829,858

)

(414,781

)

NET CURRENT LIABILITIES

(1,743,407

)

(89,102

)

TOTAL ASSETS LESS CURRENT LIABILITIES

156,772

(89,102

)

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

70,000

-

Retained earnings

86,770

(89,104

)

156,772

(89,102

)

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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 by the director and authorised for issue on 20 May 2026 and were signed by:

Patrick Scullion - Director

1.	STATUTORY INFORMATION

The Market Yard (Ni) Ltd 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Inventories

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Patents and

licences

£

COST

Additions

70,000

At 31 August 2025

70,000

NET BOOK VALUE

At 31 August 2025

70,000

6.	PROPERTY, PLANT AND EQUIPMENT

Freehold

property

£

COST

Additions

1,885,421

At 31 August 2025

1,885,421

DEPRECIATION

Charge for year

55,242

At 31 August 2025

55,242

NET BOOK VALUE

At 31 August 2025

1,830,179

7.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,604

-

Other debtors

11,895

9,462

22,499

9,462

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade payables

11,627

5,663

Amounts owed to group undertakings

233,933

233,933

Amounts owed to participating interests

1,119,239

92,661

Taxation and social security

37,919

34,000

Other payables

427,140

48,524

1,829,858

414,781

9.

RESERVES

Revaluation

reserve

£

Revaluation Reserve

70,000

At 31 August 2025

70,000