Registration number: NI662836

O'Hagan Plant Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

O'Hagan Plant Ltd

Company Information

Director

Martin O'Hagan

Registered office

38 Church Road Forkhill Northern Ireland BT359SX

Accountants

SP McKeown & Co Ltd Chartered Certified Accountants, Registered Auditors and Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

O'Hagan Plant Ltd

(Registration number: NI662836)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,979	24,974
Current assets
Debtors	5	41,006	49,835
Creditors: Amounts falling due within one year	6	(78,632)	(95,313)
Net current liabilities		(37,626)	(45,478)
Total assets less current liabilities		(17,647)	(20,504)
Creditors: Amounts falling due after more than one year	6	(55,000)	(43,750)
Provisions for liabilities		(3,796)	(4,746)
Net liabilities		(76,443)	(69,000)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(76,543)	(69,100)
Shareholders' deficit		(76,443)	(69,000)

For the financial year ending 31 July 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.

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 28 July 2026
 

......................................... Martin O'Hagan Director

O'Hagan Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

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

The address of its registered office is:
38 Church Road
Forkhill
BT359SX
Northern Ireland

These financial statements were authorised for issue by the director on 28 July 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.

Tax

The tax expense for the period comprises 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.

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:

O'Hagan Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Asset class	Depreciation method and rate
Fixtures & fittings	20% reducing balance basis
Motor vehicles	20% reducing balance basis
Plant & machinery	20% 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 0 (2024 - 0).

O'Hagan Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	1,795	7,344	66,975	76,114
At 31 July 2025	1,795	7,344	66,975	76,114
Depreciation
At 1 August 2024	1,207	4,938	44,995	51,140
Charge for the year	118	481	4,396	4,995
At 31 July 2025	1,325	5,419	49,391	56,135
Carrying amount
At 31 July 2025	470	1,925	17,584	19,979
At 31 July 2024	588	2,406	21,980	24,974

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	10	40,731	49,507
Other debtors		275	328
		41,006	49,835

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	-	10,000
Trade creditors		1,020	8,632
Taxation and social security		29,756	29,756
Accruals and deferred income		850	800
Other creditors		47,006	46,125
		78,632	95,313

Creditors: amounts falling due after more than one year

O'Hagan Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	55,000	43,750

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	55,000	43,750

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	10,000

Bank borrowings

Bounceback loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 29 May 2026. The carrying amount at year end is £55,000 (2024 - £53,750).

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil per each Ordinary share		-		-

10	Related party transactions

O'Hagan Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2025	At 1 August 2024 £	Advances to director £	Repayments by director £	At 31 July 2025 £
Martin O'Hagan
Directors Loan	40,866	(69)	950	41,747

2025	At 1 August 2024 £	Advances to director £	Repayments by director £	At 31 July 2025 £
Directors Loan	40,866	(69)	950	41,747

Dividends paid to the director

		2025 £		2024 £
Martin O'Hagan
Ordinary share		-		-

Summary of transactions with other related parties

O'Hagan Constuction & Civil Engineering Limited is a company with a common director & shareholder. The amount due to O'Hagan Plant Ltd at the year end was £40,731 (2024 - £49,507)