Company registration number: NI617347
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Tullysaran Farms Limited
Pages for filing with the Registrar
Company registration number: NI617347
Tullysaran Farms Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,254,872 2,126,212
2,254,872 2,126,212
Current assets
Stocks 76,078 53,825
Debtors 6 135,293 31,959
Cash at bank and in hand 7,585 -
218,956 85,784
Creditors: amounts falling due within one year
7 (378,716) (333,155)
Net current liabilities (159,760) (247,371)
Total assets less current liabilities 2,095,112 1,878,841
Creditors: Amounts falling due after more than one year
8 (219,995) (440,806)
Provisions for liabilities (7,499) 36,927
NET ASSETS 1,867,618 1,474,962
Capital and reserves
Called up share capital 4 4
Profit and loss account 1,867,614 1,474,958
TOTAL EQUITY 1,867,618 1,474,962
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI617347
Tullysaran Farms Limited
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr B George, Director
16 July 2026
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Tullysaran Farms Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Tullysaran Farms Limited is a private company registered in Northern Ireland. Its registered number is NI617347. The company is limited by shares. Its registered office is 129 Tullysaran Road, Armagh, County Armagh, BT61 8HF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% straight line
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
15 -
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Tullysaran Farms Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2025 - 4).
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Tullysaran Farms Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
4 Intangible assets
Goodwill
£
Cost
At 1 April 2025 60,000
At 31 March 2026 60,000
Amortisation
At 1 April 2025 60,000
At 31 March 2026 60,000
Net book value
At 31 March 2026 -
At 31 March 2025 -
5 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 April 2025 1,927,187 1,169,784 3,096,971
Additions - 241,775 241,775
Disposals - (103,200) (103,200)
At 31 March 2026 1,927,187 1,308,359 3,235,546
Depreciation
At 1 April 2025 - 970,759 970,759
Charge for year - 81,903 81,903
Eliminated on disposal - (71,988) (71,988)
At 31 March 2026 - 980,674 980,674
Net book value
At 31 March 2026 1,927,187 327,685 2,254,872
At 31 March 2025 1,927,187 199,025 2,126,212
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Tullysaran Farms Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
6 Debtors
2026 2025
£ £
Trade debtors 109,777 13,101
Taxation 25,516 17,961
Other debtors - 897
135,293 31,959
7 Creditors: amounts falling due within one year
2026 2025
£ £
Bank loans and overdrafts 176,790 204,698
Hire purchase and finance leases 25,002 7,607
Amounts owed to directors 55,000 52,272
Other creditors - (50,000)
Taxation 95,971 94,483
Accruals and deferred income 25,953 24,095
378,716 333,155
8 Creditors: amounts falling due after more than one year
2026 2025
£ £
Other loans 81,161 239,195
Other creditors 138,834 201,611
219,995 440,806
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