Registration number:
Rathkenny Investments Limited
for the Year Ended 31 December 2025
Rathkenny Investments Limited
(Registration number: NI623982)
Balance Sheet as at 31 December 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Investment property |
|
|
|
|
Other financial assets |
2,541,525 |
2,440,576 |
|
|
|
|
||
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: due within one year |
( |
( |
|
|
Net current assets/(liabilities) |
|
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
2 |
2 |
|
|
Retained earnings |
6,371,512 |
6,046,046 |
|
|
Shareholders' funds |
6,371,514 |
6,046,048 |
For the financial year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Rathkenny Investments Limited
(Registration number: NI623982)
Balance Sheet as at 31 December 2025
Approved and authorised by the
|
......................................... |
Rathkenny Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
|
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
|
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.
Rental income
Rental income represents total invoiced amounts for the accounting period net of value added tax. The company recognises rental income when the amount can be reliably measured and it is probable that future economic benefits will flow to the entity.
Tax
The tax expense for the period comprises current and 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.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.
Rathkenny Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
Investment property
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.
Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising on impairment are recognised in the profit and loss account in operating expenses.
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.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Rathkenny Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
|
Taxation |
The tax charge for the period is as follows:
|
2025 |
2024 |
|
|
Corporation tax |
106,197 |
(12,739) |
|
Deferred tax |
(29,916) |
20,832 |
|
76,281 |
8,093 |
|
Investment properties |
|
2025 |
|
|
At 1 January |
|
|
Additions |
|
|
At 31 December |
|
The Company’s land and buildings and investment properties were re-valued to market value in May 2022. The property valuations were provided by an independent external third party who compiled a valuation report at the request of the Directors. The Director has reviewed the methods and assumptions used by the independent external third party into determining the fair value and has concluded that these remain appropriate. As a result, the Director considers the carrying value to be equivalent to the current market value.
|
Other financial assets (current and non-current) |
|
Share investments |
Total |
|
|
Cost or valuation |
||
|
At 1 January 2025 |
2,440,576 |
2,440,576 |
|
Portfolio management fees |
(6,223) |
(6,223) |
|
Profit on sale of shares |
27,842 |
27,842 |
|
Income received from portfolio |
66,093 |
66,093 |
|
Fair value adjustments |
13,237 |
13,237 |
|
At 31 December 2025 |
2,541,525 |
2,541,525 |
Rathkenny Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
|
Debtors |
|
2025 |
2024 |
|
|
Prepayments |
|
- |
|
Other debtors |
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2025 |
2024 |
|
|
Trade creditors |
|
|
|
Taxation and social security |
|
- |
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
2025 |
2024 |
|
|
Amounts owed to related parties |
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
2 |
|
2 |