IRIS Accounts Production v26.2.0.496 NI705395 director 1.4.25 31.3.26 31.3.26 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh NI705395 2025-03-31 NI705395 2026-03-31 NI705395 2025-04-01 2026-03-31 NI705395 2023-11-23 NI705395 2023-11-24 2025-03-31 NI705395 2025-03-31 NI705395 ns15:NorthernIreland 2025-04-01 2026-03-31 NI705395 ns14:PoundSterling 2025-04-01 2026-03-31 NI705395 ns10:Director1 2025-04-01 2026-03-31 NI705395 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 NI705395 ns10:SmallEntities 2025-04-01 2026-03-31 NI705395 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 NI705395 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 NI705395 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 NI705395 ns10:FullAccounts 2025-04-01 2026-03-31 NI705395 ns10:OrdinaryShareClass1 2025-04-01 2026-03-31 NI705395 ns10:RegisteredOffice 2025-04-01 2026-03-31 NI705395 ns5:CurrentFinancialInstruments 2026-03-31 NI705395 ns5:CurrentFinancialInstruments 2025-03-31 NI705395 ns5:Non-currentFinancialInstruments 2026-03-31 NI705395 ns5:Non-currentFinancialInstruments 2025-03-31 NI705395 ns5:ShareCapital 2026-03-31 NI705395 ns5:ShareCapital 2025-03-31 NI705395 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 NI705395 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 NI705395 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-04-01 2026-03-31 NI705395 ns5:PlantMachinery 2025-04-01 2026-03-31 NI705395 ns5:FurnitureFittings 2025-04-01 2026-03-31 NI705395 ns5:LandBuildings 2025-03-31 NI705395 ns5:PlantMachinery 2025-03-31 NI705395 ns5:FurnitureFittings 2025-03-31 NI705395 ns5:MotorVehicles 2025-03-31 NI705395 ns5:LandBuildings 2025-04-01 2026-03-31 NI705395 ns5:MotorVehicles 2025-04-01 2026-03-31 NI705395 ns5:LandBuildings 2026-03-31 NI705395 ns5:PlantMachinery 2026-03-31 NI705395 ns5:FurnitureFittings 2026-03-31 NI705395 ns5:MotorVehicles 2026-03-31 NI705395 ns5:LandBuildings 2025-03-31 NI705395 ns5:PlantMachinery 2025-03-31 NI705395 ns5:FurnitureFittings 2025-03-31 NI705395 ns5:MotorVehicles 2025-03-31 NI705395 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 NI705395 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 NI705395 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2026-03-31 NI705395 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-03-31 NI705395 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2026-03-31 NI705395 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 NI705395 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2026-03-31 NI705395 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-03-31 NI705395 ns5:DeferredTaxation 2026-03-31 NI705395 ns10:OrdinaryShareClass1 2026-03-31 NI705395 ns10:Director1 1 2025-03-31 NI705395 ns10:Director1 1 2023-11-23 NI705395 ns10:Director1 1 2025-04-01 2026-03-31 NI705395 ns10:Director1 1 2023-11-24 2025-03-31 NI705395 ns10:Director1 1 2026-03-31 NI705395 ns10:Director1 1 2025-03-31

REGISTERED NUMBER: NI705395 (Northern Ireland)

Ballymacanally Farm Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2026

Ballymacanally Farm Ltd (Registered number: NI705395)

Contents of the Financial Statements

for the Year Ended 31 March 2026

| Page |

Company information | 1 |

Statement of financial position | 2 |  | to |  | 3

Notes to the financial statements | 4 |  | to |  | 8

Ballymacanally Farm Ltd

Company Information

for the Year Ended 31 March 2026

| Director: | Mr H C Arnold

| Registered office: | 30 Lisnasure Road

| Donaghcloney

| Co Down

| BT66 7NN

| Registered number: | NI705395 (Northern Ireland)

| Accountants: | Wylie Ruddell

| Chartered Accountants

| Armagh Business Centre

| 2 Loughgall Road

| Armagh

| BT61 7NH

Ballymacanally Farm Ltd (Registered number: NI705395)

Statement of Financial Position

31 March 2026

2026 | 2025 |

| Notes | £ | £

Fixed assets

Property, plant & equipment | 4 | 858,093 |  | 703,054 |  |

Current assets

Inventories | 5 | - |  | 36,487 |  |

Receivables | 6 | 20,126 |  | 858 |  |

Cash at bank | 27,041 |  | 13,613 |  |

47,167 |  | 50,958 |  |

Payables

Amounts falling due within one year | 7 | (202,269 | ) | (221,430 | ) |

Net current liabilities | (155,102 | ) | (170,472 | ) |

Total assets less current liabilities | 702,991 |  | 532,582 |  |

Payables

Amounts falling due after more than one year | 8 | (757,374 | ) | (594,885 | ) |

Net liabilities | (54,383 | ) | (62,303 | ) |

Capital and reserves

Called up share capital | 10 | 1 |  | 1 |  |

Retained earnings | (54,384 | ) | (62,304 | ) |

Shareholders' funds | (54,383 | ) | (62,303 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ballymacanally Farm Ltd (Registered number: NI705395)

Statement of Financial Position - continued

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

Mr H C Arnold - Director

Ballymacanally Farm Ltd (Registered number: NI705395)

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | Statutory information

| Ballymacanally Farm Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 historical cost convention.

| Revenue

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Property, plant and equipment

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Inventories

| Inventories are valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Receivables

| Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Ballymacanally Farm Ltd (Registered number: NI705395)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | Accounting policies - continued

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Financial Instruments

| The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments:

| (i) Financial assets

| Basic financial assets, including trade and other receivables, cash and and bank balances and amounts owed by related parties are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| (iii) Offsetting

| Financial assets and liabilities are offset and 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 lability simultaneously.

Ballymacanally Farm Ltd (Registered number: NI705395)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | Accounting policies - continued

| Payables

| Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the Statement of Financial Position. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

| The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

| Critical accounting judgements and key sources of estimation uncertainty

| Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

| Useful economic lives of tangible assets

| The annual depreciation charges for tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See Property, Plant and Equipment note for the carrying amount of the assets, and note 2 for the useful economic lives for each class of asset.

3. | Employees and directors

| The average number of employees during the year was 2 (2025 - 1 ) .

Ballymacanally Farm Ltd (Registered number: NI705395)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

4. | Tangible fixed assets

Fixtures |  |

Freehold | Plant and | and | Motor |  |

property | machinery | fittings | vehicles | Totals |

| £ | £ | £ | £ | £

| Cost

| At 1 April 2025 | 288,219 |  | 170,921 |  | 270,791 |  | - |  | 729,931 |  |

| Additions | 231,015 |  | 16,063 |  | - |  | 19,583 |  | 266,661 |  |

| At 31 March 2026 | 519,234 |  | 186,984 |  | 270,791 |  | 19,583 |  | 996,592 |  |

| Depreciation

| At 1 April 2025 | - |  | 14,312 |  | 12,565 |  | - |  | 26,877 |  |

| Charge for year | - |  | 46,740 |  | 64,556 |  | 326 |  | 111,622 |  |

| At 31 March 2026 | - |  | 61,052 |  | 77,121 |  | 326 |  | 138,499 |  |

| Net book value

| At 31 March 2026 | 519,234 |  | 125,932 |  | 193,670 |  | 19,257 |  | 858,093 |  |

| At 31 March 2025 | 288,219 |  | 156,609 |  | 258,226 |  | - |  | 703,054 |  |

5. | Inventories

2026 | 2025 |

| £ | £

| Inventories | - |  | 36,487 |  |

6. | Receivables

2026 | 2025 |

| £ | £

| Trade receivables | 12,672 |  | - |  |

| VAT | 7,454 |  | 858 |  |

20,126 |  | 858 |  |

7. | Payables: amounts falling due within one year |

2026 | 2025 |

| £ | £

| Bank loans | 56,471 |  | 59,192 |  |

| Hire purchase contracts | 6,615 |  | - |  |

| Trade payables | - |  | 51,547 |  |

| Directors' current accounts | 136,183 |  | 71,704 |  |

| Accruals | 3,000 |  | 38,987 |  |

202,269 |  | 221,430 |  |

Ballymacanally Farm Ltd (Registered number: NI705395)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

8. | Payables: amounts falling due after more than one year |

2026 | 2025 |

| £ | £

| Bank loans - 1 to 2 years | 60,279 |  | 62,590 |  |

| Bank loans - 2 to 5 years | 206,341 |  | 210,164 |  |

| Bank loans greater than 5 years | 474,311 |  | 322,131 |  |

| Hire purchase contracts | 16,443 |  | - |  |

757,374 |  | 594,885 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans greater than 5 years | 474,311 |  | 322,131 |  |

9. | Provisions for liabilities

Deferred tax |

| £

| Accelerated capital allowances | 84,715 |  |

| Losses carried forward | (84,715 | ) |

| Balance at 31 March 2026 | - |  |

| The company has further carried forward trading losses amounting to £54,385.

10. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

value: |  | £ | £

| 100 | Ordinary | £1 | 1 |  | 1 |  |

11. | Director's advances, credits and guarantees

| The following advances and credits to a director subsisted during the year ended 31 March 2026 and the period ended 31 March 2025:

2026 | 2025 |

| £ | £

| Mr H C Arnold

| Balance outstanding at start of year | 71,704 |  | - |  |

| Amounts advanced | 109,036 |  | 98,302 |  |

| Amounts repaid | (44,557 | ) | (26,598 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 136,183 |  | 71,704 |  |