MCCRACKEN FARMS LTD


Directors	MCCRACKEN, Cecil Martin
	MCCRACKEN, John Craig


Registered Address	24 Tullyglush Road
	Banbridge
	BT32 3TN


Registered Number	NI632824 (Northern Ireland)

Balance Sheet as at
31 March 2026

	Notes	31 Mar 2026		31 Oct 2024
		£	£	£	£
Fixed assets
Tangible assets	3		752,569		546,357
			752,569		546,357
Current assets
Stocks	4	509,278		259,500
Debtors	5	203,340		280,399
Cash at bank and on hand		49,861		47,377
		762,479		587,276
Creditors amounts falling due within one year	6	(764,057)		(578,216)
Net current assets (liabilities)			(1,578)		9,060
Total assets less current liabilities			750,991		555,417
Creditors amounts falling due after one year	7		(258,782)		(180,811)
Net assets			492,209		374,606
Capital and reserves
Profit and loss account			492,209		374,606
Shareholders' funds			492,209		374,606

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2026, and are signed on its behalf by:

MCCRACKEN, Cecil Martin
Director

MCCRACKEN, John Craig
Director

Registered Company No. NI632824

MCCRACKEN FARMS LTD

Notes to the Financial Statements
for the period ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 November 24	521,700	1,800	48,840	572,340
Additions	180,300	29,281	16,700	226,281
Disposals	-	-	(10,140)	(10,140)
At 31 March 26	702,000	31,081	55,400	788,481
Depreciation and impairment
At 01 November 24	-	240	25,743	25,983
Charge for year	-	3,362	16,707	20,069
On disposals	-	-	(10,140)	(10,140)
At 31 March 26	-	3,602	32,310	35,912
Net book value
At 31 March 26	702,000	27,479	23,090	752,569
At 31 October 24	521,700	1,560	23,097	546,357

4.	Stocks

	2026	2024
	£	£
Other stocks	509,278	259,500
Total	509,278	259,500

5.	Debtors: amounts due within one year

	2026	2024
	£	£
Trade debtors / trade receivables	176,508	270,399
Amounts owed by associates and joint ventures / participating interests	5,076	10,000
Other debtors	21,756	-
Total	203,340	280,399

6.	Creditors: amounts due within one year

	2026	2024
	£	£
Trade creditors / trade payables	282,441	222,092
Bank borrowings and overdrafts	22,927	24,849
Taxation and social security	32,784	100,905
Other creditors	207,039	196,741
Accrued liabilities and deferred income	218,866	33,629
Total	764,057	578,216

7.	Creditors: amounts due after one year

	2026	2024
	£	£
Bank borrowings and overdrafts	258,782	180,811
Total	258,782	180,811