Company Registration No. NI656870 (Northern Ireland)
Ramaley Farm Ltd
Companies House accounts
for the year ended 31 December 2025
Ramaley Farm Ltd
Companies House accounts
Contents
Ramaley Farm Ltd
Company Information
for the year ended 31 December 2025
Directors
John C Wallace
Lesley Wallace
Secretary
John Charles Wallace
Company Number
NI656870 (Northern Ireland)
Registered Office
143 Aghintain Road
Clabby
Fivemiletown
Co Tyrone
BT75 0RW
N Ireland
Accountants
Allan Montgomery & Co
100 Main Street
Fivemiletown
Co Tyrone
BT75 0PW
Ramaley Farm Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
696,810
497,859
Cash at bank and in hand
111,768
233,030
Creditors: amounts falling due within one year
(316,749)
(420,926)
Net current liabilities
(126,644)
(126,237)
Total assets less current liabilities
570,166
371,622
Provisions for liabilities
Deferred tax
(107,804)
(94,593)
Net assets
462,362
277,029
Called up share capital
100
100
Profit and loss account
462,262
276,929
Shareholders' funds
462,362
277,029
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by
Lesley Wallace
Director
Company Registration No. NI656870
Ramaley Farm Ltd
Notes to the Accounts
for the year ended 31 December 2025
Ramaley Farm Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI656870. The registered office is 143 Aghintain Road, Clabby, Fivemiletown, Co Tyrone, BT75 0RW, N Ireland.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are prepared in £ Sterling.
Turnover and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Ramaley Farm Ltd
Notes to the Accounts
for the year ended 31 December 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
At 31 December 2025
943,157
Charge for the year
122,966
At 31 December 2025
246,347
At 31 December 2025
696,810
At 31 December 2024
497,859
Amounts falling due within one year
Trade debtors
67,534
59,304
Ramaley Farm Ltd
Notes to the Accounts
for the year ended 31 December 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
293,893
371,294
Obligations under finance leases and hire purchase contracts
16,366
40,165
Taxes and social security
405
335
Other creditors
4,003
5,482
Loans from directors
467
2,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2024: 2).