Company registration number NI611380 (Northern Ireland)
GANAWAY FARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
GANAWAY FARMS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
GANAWAY FARMS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,161,463
1,019,340
Investments
5
10,000
10,000
1,171,463
1,029,340
Current assets
Stocks
97,387
92,292
Debtors
6
88,397
110,592
Cash at bank and in hand
668,921
508,407
854,705
711,291
Creditors: amounts falling due within one year
7
(698,418)
(675,186)
Net current assets
156,287
36,105
Total assets less current liabilities
1,327,750
1,065,445
Provisions for liabilities
(28,918)
(22,197)
Net assets
1,298,832
1,043,248
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
1,298,829
1,043,245
Total equity
1,298,832
1,043,248
GANAWAY FARMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 July 2026 and are signed on its behalf by:
Mr. A Boyle
Director
Company registration number NI611380 (Northern Ireland)
GANAWAY FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Ganaway Farms Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 1 Lanyon Quay, Belfast, Antrim, Northern Ireland, BT1 3LG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Agricultural works
4% Straight line
Plant and machinery
25% Straight line
Dairy Herd
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

GANAWAY FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

GANAWAY FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 6 (2025-6).

GANAWAY FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
1,017,546
975,955
1,993,501
Additions
130,000
134,652
264,652
At 31 March 2026
1,147,546
1,110,607
2,258,153
Depreciation and impairment
At 1 April 2025
259,135
715,028
974,163
Depreciation charged in the year
23,297
99,230
122,527
At 31 March 2026
282,432
814,258
1,096,690
Carrying amount
At 31 March 2026
865,114
296,349
1,161,463
At 31 March 2025
758,411
260,929
1,019,340
5
Fixed asset investments
2026
2025
£
£
Investments
10,000
10,000
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2025 & 31 March 2026
10,000
Carrying amount
At 31 March 2026
10,000
At 31 March 2025
10,000
GANAWAY FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
82,665
109,292
Other debtors
5,732
1,300
88,397
110,592
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
63,558
42,080
Amounts owed to group undertakings and undertakings in which the company has a participating interest
40,000
40,000
Corporation tax
85,984
104,767
Other taxation and social security
755
2,681
Other creditors
508,121
485,658
698,418
675,186
2026-03-31 2025-04-01 false false false 30 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr A Boyle Mrs I Boyle Mr T Boyle 6 NI611380 2025-04-01 2026-03-31 NI611380 2026-03-31 NI611380 2025-03-31 NI611380 core:LandBuildings 2026-03-31 NI611380 core:OtherPropertyPlantEquipment 2026-03-31 NI611380 core:LandBuildings 2025-03-31 NI611380 core:OtherPropertyPlantEquipment 2025-03-31 NI611380 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 NI611380 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 NI611380 core:CurrentFinancialInstruments 2026-03-31 NI611380 core:CurrentFinancialInstruments 2025-03-31 NI611380 core:ShareCapital 2026-03-31 NI611380 core:ShareCapital 2025-03-31 NI611380 core:RetainedEarningsAccumulatedLosses 2026-03-31 NI611380 core:RetainedEarningsAccumulatedLosses 2025-03-31 NI611380 bus:Director1 2025-04-01 2026-03-31 NI611380 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 NI611380 core:PlantMachinery 2025-04-01 2026-03-31 NI611380 core:MotorVehicles 2025-04-01 2026-03-31 NI611380 core:LandBuildings 2025-03-31 NI611380 core:OtherPropertyPlantEquipment 2025-03-31 NI611380 2025-03-31 NI611380 core:LandBuildings 2025-04-01 2026-03-31 NI611380 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 NI611380 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 NI611380 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 NI611380 bus:FRS102 2025-04-01 2026-03-31 NI611380 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 NI611380 bus:Director2 2025-04-01 2026-03-31 NI611380 bus:Director3 2025-04-01 2026-03-31 NI611380 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP