REGISTERED NUMBER: NI627660 (Northern Ireland)

DOONEEN FARMS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M T Crawford

Mr R T D Crawford

SECRETARY:

Mrs C Crawford

REGISTERED OFFICE:

10 Lunnon Road

ISLANDMAGEE

Co. Antrim

BT40 3TH

REGISTERED NUMBER:

NI627660 (Northern Ireland)

AUDITORS:

McAleer Jackson Ltd

Chartered Accountants & Statutory Auditors

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

Danske Bank

Donegall Square West

BELFAST

BT1 6JS

FIXED ASSETS

Tangible assets

4

2,712,032

2,809,689

CURRENT ASSETS

Stocks

81,368

64,924

Debtors

5

67,471

73,885

Cash at bank and in hand

167,732

188,754

316,571

327,563

CREDITORS

Amounts falling due within one year

6

9,927

28,864

NET CURRENT ASSETS

306,644

298,699

TOTAL ASSETS LESS CURRENT LIABILITIES

3,018,676

3,108,388

CREDITORS

Amounts falling due after more than one year

7

(2,741,992

)

(2,764,641

)

PROVISIONS FOR LIABILITIES

(166,913

)

(165,904

)

NET ASSETS

109,771

177,843

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

99,771

167,843

109,771

177,843

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 Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

Mr R T D Crawford - Director

Mr M T Crawford - Director

1.	STATUTORY INFORMATION

Dooneen Farms 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.	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.

The financial statements are shown in sterling, which is the functional currency of the company.

Going concern

The company finances its working capital and capital expenditure by way of funding provided to it by its parent company, fellow group companies, and its directors. The company's results and net asset position are disclosed on pages 7-8.

The company's ultimate parent has confirmed that the group companies will continue to provide financial support to the company for a period of at least one year from the date of the approval of these financial statements. It is on the basis of that continued group support that the director concludes that the company will continue as a going concern, and these financial statements therefore have been prepared on the going concern basis.

Turnover

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

Tangible fixed assets

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

Land & buildings

-

2% straight line

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% - 25% straight line

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is defined as the expenditure which has been incurred in the normal course of business in bridging the product to its present location and condition. Net realisable value is the actual or estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distributing.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Grant income

Grants related to expenditure are credited to the Profit and Loss account as the expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land &

Plant and

and

buildings

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2025

2,039,090

1,176,660

7,602

3,223,352

Additions

10,684

34,390

4,112

49,186

Disposals

-

(119,000

)

(618

)

(119,618

)

At 31 December 2025

2,049,774

1,092,050

11,096

3,152,920

DEPRECIATION

At 1 January 2025

-

408,517

5,146

413,663

Charge for year

5,394

116,866

817

123,077

Eliminated on disposal

-

(95,574

)

(278

)

(95,852

)

At 31 December 2025

5,394

429,809

5,685

440,888

NET BOOK VALUE

At 31 December 2025

2,044,380

662,241

5,411

2,712,032

At 31 December 2024

2,039,090

768,143

2,456

2,809,689

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

47,830

35,697

Other debtors

19,641

38,188

67,471

73,885

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,720

3,365

Taxation and social security

575

510

Other creditors

6,632

24,989

9,927

28,864

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,741,144

2,763,648

Other creditors

848

993

2,741,992

2,764,641

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Directors' loan

848

993

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Barnett (Senior Statutory Auditor)

for and on behalf of McAleer Jackson Ltd

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of Section 33.1A of FRS102, whereby disclosures need not be given of transactions entered into between members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

10.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is RTD Crawford Holdings Ltd, a company incorporated in Northern Ireland which owns 100% of the issued share capital of Dooneen Farms Ltd.

The smallest and largest group of undertakings for which group financial statements are drawn up and for which the company is a member is RTD Crawford Holdings Ltd. Copies of group financial statements are available from Companies House.

At the balance sheet date the ultimate controlling parties was Mr MT Crawford & Mr GR Crawford by virtue of their controlling interest in RTD Crawford Holdings Ltd.