Company Registration No. NI663854 (Northern Ireland)
P.I.T FARMS LTD
Unaudited accounts
for the year ended 31 August 2026
P.I.T FARMS LTD
Unaudited accounts
Contents
P.I.T FARMS LTD
Company Information
for the year ended 31 August 2026
Company Number
NI663854 (Northern Ireland)
Registered Office
51 CARGACLOGHER ROAD
ARMAGH
BT60 3RA
NORTHERN IRELAND
P.I.T FARMS LTD
Statement of financial position
as at 31 August 2026
Tangible assets
577,688
590,360
Cash at bank and in hand
58
(12)
Creditors: amounts falling due within one year
(560,605)
(523,904)
Net current liabilities
(539,604)
(502,604)
Total assets less current liabilities
38,084
87,756
Creditors: amounts falling due after more than one year
(41,400)
(55,800)
Net (liabilities)/assets
(3,316)
31,956
Called up share capital
1
1
Profit and loss account
(3,317)
31,955
Shareholders' funds
(3,316)
31,956
For the year ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2026 and were signed on its behalf by
Patrick Tomney
Director
Company Registration No. NI663854
P.I.T FARMS LTD
Notes to the Accounts
for the year ended 31 August 2026
P.I.T FARMS LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI663854. The registered office is 51 CARGACLOGHER ROAD, ARMAGH, BT60 3RA, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2025
527,000
99,000
626,000
At 31 August 2026
527,000
99,000
626,000
At 1 September 2025
-
35,640
35,640
Charge for the year
-
12,672
12,672
At 31 August 2026
-
48,312
48,312
At 31 August 2026
527,000
50,688
577,688
At 31 August 2025
527,000
63,360
590,360
Amounts falling due within one year
P.I.T FARMS LTD
Notes to the Accounts
for the year ended 31 August 2026
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
14,400
14,400
Loans from directors
546,205
509,504
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
41,400
55,800
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).