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Registration number: NI616125

Portnaboe Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Portnaboe Limited

(Registration number: NI616125)
Balance Sheet as at 30 November 2025

| Note | 30 November 2025 £ | 30 November 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 108,922 | 109,975
Current assets |  |  |
Stocks | 5 | 2,080 | 2,080
Debtors | 6 | 66,666 | 66,223
Cash at bank and in hand |  | 242,704 | 247,598
|  | 311,450 | 315,901
Creditors: Amounts falling due within one year | 7 | (141,035) | (134,165)
Net current assets |  | 170,415 | 181,736
Total assets less current liabilities |  | 279,337 | 291,711
Creditors: Amounts falling due after more than one year | 7 | (18,241) | (23,333)
Provisions for liabilities |  | (4,541) | (4,804)
Net assets |  | 256,555 | 263,574
Capital and reserves |  |  |
Called up share capital | 9 | 1 | 1
Retained earnings |  | 256,554 | 263,573
Shareholders' funds |  | 256,555 | 263,574

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Portnaboe Limited

(Registration number: NI616125)
Balance Sheet as at 30 November 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 May 2026

......................................... Mr Ross Sweeney Director

Portnaboe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in N Ireland.

The address of its registered office is: The Old Barn, 6 Seaport Avenue, Portballintrae, Co Antrim, BT57 8SB.

The principal place of business is: The Nook, 48 Causeway Road, Bushmills, Co. Antrim, BT57 8SU.

These financial statements were authorised for issue by the director on 18 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Portnaboe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Equipment, fixtures and fittings | 15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit or loss.

Portnaboe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 32 (2024 - 36).

Portnaboe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 December 2024 | 92,045 | 63,656 | 155,701
Additions | - | 2,150 | 2,150
At 30 November 2025 | 92,045 | 65,806 | 157,851
Depreciation
At 1 December 2024 | 1,288 | 44,438 | 45,726
Charge for the year | - | 3,203 | 3,203
At 30 November 2025 | 1,288 | 47,641 | 48,929
Carrying amount
At 30 November 2025 | 90,757 | 18,165 | 108,922
At 30 November 2024 | 90,757 | 19,218 | 109,975

Included within the net book value of land and buildings above is £90,757 (2024 - £90,757) in respect of leasehold land and buildings.

5 | Stocks

| 30 November 2025 £ | 30 November 2024 £
Other inventories | 2,080 | 2,080

6 | Debtors

| 30 November 2025 £ | 30 November 2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 46,700 | 44,624
Prepayments | 8,103 | 4,366
Other debtors | 11,863 | 17,233
| 66,666 | 66,223

Portnaboe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7 | Creditors

| Note | 30 November 2025 £ | 30 November 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 10,000 | 10,000
Trade creditors |  | 29,578 | 53,391
Taxation and social security |  | 36,815 | 37,678
Accruals and deferred income |  | 8,267 | 23,907
Other creditors |  | 56,375 | 9,189
|  | 141,035 | 134,165

Due after one year |  |
Loans and borrowings | 18,241 | 23,333

8 | Loans and borrowings

Non-current loans and borrowings

| 30 November 2025 £ | 30 November 2024 £
Bank borrowings | 18,241 | 23,333

Current loans and borrowings

| 30 November 2025 £ | 30 November 2024 £
Bank borrowings | 10,000 | 10,000

9 | Share capital

Allotted, called up and fully paid shares

| 30 November 2025 | 30 November 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

Portnaboe Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

10 | Related party transactions

At the year end Parent Company Nahinch Ltd owed the Company £46,700 (2024: £44,624).
The Company leases premises from its holding Company, Nahinch Ltd. No rent was charged during the year.

11 | Parent and ultimate parent undertaking

The company's immediate parent is Nahinch Limited, incorporated in Northern Ireland.