REGISTERED NUMBER: NI045139 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

RASCALS (N.I.) LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

R B D'Arcy

Mrs L R D'Arcy

SECRETARY:

R B D'Arcy

REGISTERED OFFICE:

121a Circular Road

Belfast

BT4 2GE

REGISTERED NUMBER:

NI045139 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,801,178

2,841,400

2,801,178

2,841,400

CURRENT ASSETS

Debtors

6

54,894

66,789

Cash at bank

1,328,129

1,033,216

1,383,023

1,100,005

CREDITORS

Amounts falling due within one year

7

1,276,484

1,503,579

NET CURRENT ASSETS/(LIABILITIES)

106,539

(403,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,907,717

2,437,826

PROVISIONS FOR LIABILITIES

6,739

25,969

NET ASSETS

2,900,978

2,411,857

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,899,978

2,410,857

SHAREHOLDERS' FUNDS

2,900,978

2,411,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 authorised for issue by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by:

R B D'Arcy - Director

1.	STATUTORY INFORMATION

Rascals (N.I.) 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 (£).

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.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements in:

The determination of whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and business in general.

The directors also consider the depreciation and amortisation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003 and 2007, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

5% on cost

Fixtures, fittings & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

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 or deferred taxation assets and liabilities are not discounted.

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.

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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 195 (2025 - 160 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

920,000

AMORTISATION

At 1 February 2025

and 31 January 2026

920,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

2,425,814

926,521

3,352,335

Additions

-

5,800

5,800

Disposals

-

(16,585

)

(16,585

)

At 31 January 2026

2,425,814

915,736

3,341,550

DEPRECIATION

At 1 February 2025

1,480

509,455

510,935

Charge for year

843

44,682

45,525

Eliminated on disposal

-

(16,088

)

(16,088

)

At 31 January 2026

2,323

538,049

540,372

NET BOOK VALUE

At 31 January 2026

2,423,491

377,687

2,801,178

At 31 January 2025

2,424,334

417,066

2,841,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other debtors

54,894

66,789

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

45,817

27,168

Taxation and social security

271,918

243,819

Other creditors

958,749

1,232,592

1,276,484

1,503,579

Included in other creditors is a balance of £367,220 (2025: £660,676) due to the directors which is interest free and will not be called for payment for at least one year from the date of the balance sheet.