Tony McDonagh & Co Ltd iXBRL

Company Registration Number: 02856600

Tony McDonagh & Co Ltd

Unaudited Financial Statements

for the financial year ended 30 November 2025

Tony McDonagh & Co Ltd

DIRECTORS AND OTHER INFORMATION


Directors	Sean McDonagh
	James McDonagh


Company Secretary	Sean McDonagh


Company Registration Number	02856600


Registered Office and Business Address	Avoca House
	The Pavilion Business Centre
	6 Kinetic Crescent
	Enfield
	Middlesex
	EN3 7FJ
	England


Accountants	Quarter
	Chartered Accountants
	St Anne's House
	15 Church Street
	Cathedral Quarter
	Belfast
	BT1 1PG


Bankers	Handelsbanken
	2nd Floor, East Suite
	Nicholas House
	River Front
	Enfield
	EN1 3TF

Tony McDonagh & Co Ltd

CHARTERED ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Tony McDonagh & Co Ltd

for the financial year ended 30 November 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 November 2025 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Tony McDonagh & Co Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 30 November 2025 your duty to ensure that Tony McDonagh & Co Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tony McDonagh & Co Ltd. You consider that Tony McDonagh & Co Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Tony McDonagh & Co Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

QUARTER

Chartered Accountants

St Anne's House

15 Church Street

Cathedral Quarter

Belfast

BT1 1PG

24 August 2026

Tony McDonagh & Co Ltd

Company Registration Number: 02856600

STATEMENT OF FINANCIAL POSITION

as at 30 November 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

71,739

27,723

Financial assets

1,000

1,000

─────────

Non-Current Assets

72,739

28,723

─────────

Current Assets

Receivables

640,319

614,533

Cash and cash equivalents

1,141,297

1,013,969

─────────

1,781,616

1,628,502

─────────

Payables: amounts falling due within one year

(560,953)

(500,010)

─────────

Net Current Assets

1,220,663

1,128,492

─────────

Total Assets less Current Liabilities

1,293,402

1,157,215

Payables:

amounts falling due after more than one year

(47,334)

(32,534)

Provisions for liabilities

(781)

3,604

─────────

Net Assets

1,245,287

1,128,285

═════════

Equity

Called up share capital

1,000

1,000

Retained earnings

1,244,287

1,127,285

─────────

Equity attributable to owners of the company

1,245,287

1,128,285

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 24 August 2026 and signed on its behalf by




________________________________
Sean McDonagh
Director

Tony McDonagh & Co Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 November 2025

General Information

Tony McDonagh & Co Ltd is a company limited by shares incorporated in the United Kingdom. Avoca House, The Pavilion Business Centre, 6 Kinetic Crescent, Enfield, Middlesex, EN3 7FJ, England is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 30 November 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Revenue

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

33% Straight line

Motor vehicles

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing and hire purchases

Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 15, (2024 - 14).

2025

2024

Number

Number

Average number of employees

═════════


4.	Property, plant and equipment
		Fixtures,	Motor	Total
		fittings and	vehicles
		equipment
		£	£	£
	Cost
	At 1 December 2024	92,359	76,823	169,182
	Additions	-	83,674	83,674
	Disposals	(69,731)	(76,424)	(146,155)
		─────────	─────────	─────────
	At 30 November 2025	22,628	84,073	106,701
		─────────	─────────	─────────
	Depreciation
	At 1 December 2024	90,110	51,349	141,459
	Charge for the financial year	1,981	20,163	22,144
	On disposals	(69,731)	(58,910)	(128,641)
		─────────	─────────	─────────
	At 30 November 2025	22,360	12,602	34,962
		─────────	─────────	─────────
	Carrying amount
	At 30 November 2025	268	71,471	71,739
		═════════	═════════	═════════
	At 30 November 2024	2,249	25,474	27,723
		═════════	═════════	═════════

4.1.

Property, plant and equipment continued

Included above are assets held under finance leases or hire purchase contracts as follows:

2025

2024

Carrying

Depreciation

Carrying

Depreciation

amount

charge

amount

charge

Motor vehicles

71,472

12,202

25,474

19,106

═════════


5.	Financial fixed assets
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	£	£
	Cost

	At 30 November 2025	1,000	1,000
		─────────	─────────
	Carrying amount
	At 30 November 2025	1,000	1,000
		═════════	═════════
	At 30 November 2024	1,000	1,000
		═════════	═════════

5.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

NLIG Ltd

United Kingdom

Insurance Broker

Ordinary Shares

100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

NLIG Ltd

30 November 2025

(48,954)

(51,558)

═════════

In the opinion of the directors, the value to the company of the unlisted investments is not materially less than the book amount shown above.


6.	Receivables	2025	2024
		£	£

	Trade receivables	285,229	248,828
	Amounts owed by group undertakings	288,433	288,433
	Amounts owed by related parties	63,185	63,185
	Other debtors	-	6,214
	Taxation (Note 9)	-	2,737
	Prepayments and accrued income	3,472	5,136
		─────────	─────────
		640,319	614,533
		═════════	═════════

Payables

2025

2024

Amounts falling due within one year

Net obligations under finance leases

and hire purchase contracts

4,005

4,218

Trade payables

288,249

291,178

Taxation (Note 9)

33,180

5,493

Directors' current accounts

3,132

3,132

Other creditors

228,437

192,039

Accruals

3,950

3,950

─────────

560,953

500,010

═════════

Tony McDonagh & Co Ltd executed a debenture in favour of Barclays Bank PLC including:

- a fixed charge over

a) all Land in England and Wales now vested in Tony McDonagh & Co Ltd and registered at HM Land Registry

b) all other Land which is now, or in the future becomes, property of Tony McDonagh & Co Ltd

c) all plant and machinery now or in the future attached to any land

d) all rental and other income and all debts and claims which are due to owing to Tony McDonagh & Co Ltd now or in the future under or in connection with any lease, agreement or licence relating to Land

e) all your securities

f) all insurance and assurance contracts and policies now or in the future held by or otherwise benefitting you which relate to Assets themselves subject to a fixed charge in favour of Barclays; or which are not in the future deposited by Tony McDonagh & Co Ltd with Barclays, together with all rights and interests in these contracts and policies

g) all goodwill and uncalled share capital for the time being

h) all Intellectual Property, present and future, including any Intellectual Property to which Tony McDonagh & Co Ltd is not absolutely entitled or to which Tony McDonagh & Co Ltd are entitled together with others; the benefit of all agreements and licences now or in the future entered into or enjoyed by Tony McDonagh & Co Ltd relating to the use of exploitation of any Intellectual Property in any part of the world; all trade secrets, confidential information and knowhow owned or enjoyed by Tony McDonagh & Co Ltd now or in the future in any part of the world

i) all trade debts now or in the future owning to Tony McDonagh & Co Ltd; all other debts now or in the future owing to Tony McDonagh & Co Ltd save for those arising on fluctuating accounts with associates.

j) the benefit of all instruments, guarantees, charges, pledges and other rights now or in the future available to you as security in respect of any Asset itself subject to a fixed charge in Barclay's favour.

- a floating charge over:

a) all Assets which are not effectively charged by the fixed charges detailed above; and

b) without exception all Assets insofar as they are situated for the time being in Scotland

- a negative pledge


8.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Finance leases and hire purchase contracts	47,334	32,534
		═════════	═════════


	Net obligations under finance leases
	and hire purchase contracts
	Repayable within one year	4,005	4,218
	Repayable between one and five years	47,334	32,534
		─────────	─────────
		51,339	36,752
		═════════	═════════


9.	Taxation	2025	2024
		£	£

	Receivables:
	PAYE / NI	-	2,737
		═════════	═════════
	Payables:
	Corporation tax	29,161	5,493
	PAYE / NI	4,019	-
		─────────	─────────
		33,180	5,493
		═════════	═════════

10.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

(3,604)

(3,604)

(566)

Charged to profit and loss

4,385

4,385

(3,038)

─────────

At financial year end

781

(3,604)

═════════

11.

Capital commitments

The company had no material capital commitments at the financial year-ended 30 November 2025.

12.

Related party transactions

Bespoke Indemnity Solutions Ltd

Sean McDonagh is a director in Tony McDonagh & Co Ltd and Bespoke Indemnity Solutions Ltd.

As at 1 December 2024 Bespoke Indemnity Solutions Ltd owed Tony McDonagh & Co Ltd £3,163.

During the financial year there was net transactions of £nil.

As at 30 November 2025 Bespoke Indemnity Solutions Ltd owed Tony McDonagh & Co Ltd £3,163.

MCD Property Ltd

Sean McDonagh is a director in Tony McDonagh & Co Ltd and MCD Property Ltd.

As at 1st December 2024 MCD Property Ltd owed Tony McDonagh & Co Ltd £60,022.

During the financial year there was no movement in this balance.

As at 30th November 2025 MCD Property Ltd owed Tony McDonagh & Co Ltd £60,022.

During the financial year MCD Property Ltd charged Tony McDonagh & Co Ltd £30,000, this balance was paid in full during the year.

Transactions and balances with group company:

NLIG Ltd

NLIG Ltd is a subsidiary of Tony McDonagh & Co Ltd

As at 1 December 2024 NLIG Ltd owed Tony McDonagh & Co Ltd £288,433, this balance is included within amounts owed by a group company. The net transactions between the two companies during the year was £nil.

As at 30 November 2025 NLIG Ltd owed Tony McDonagh & Co Ltd £288,433.

13.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.