Lisburn Distillery Football + Athletic Club Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Lisburn Distillery Football + Athletic Club Limited is a private company, limited by shares, incorporated in England & Wales, registered number R0000187 . The registered office is New Grosvenor Stadium , 57 Ballyskeagh Road, Lambeg, Lisburn, BT27 5JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Lisburn Distillery Football + Athletic Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

6 Unpaid directors in 2025 and 8 unpaid directors 2024.

The player wages including PAYE/NIC are Nil (2024 - £Nil).

Player expenses amounted to £15,375 (2024 - £15,950)

Staff wages including PAYE/NIC are £Nil (2024 - £Nil)

Staff expenses are £3,370 (2024 - £7,550)

Physio costs are £1,580 (2024 - £680)

6 (2024: 8)

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Lisburn Distillery Football + Athletic Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	43,803	42,703	86,506

As at 31 December 2025	43,803	42,703	86,506

Depreciation
As at 1 January 2025	43,803	42,032	85,835
Provided during the period	-	671	671

As at 31 December 2025	43,803	42,703	86,506

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	-	671	671

The company does not have any intangible assets, does not have any players acquired at a cost as intangible assets and does not have any investments, in either 2025 or 2024.

The directors confirm that the company does not own any land and buildings and accordingly that the value is £Nil (2024 - £Nil).

The value of players acquired was £Nil (2024 - £Nil)

The value of players sold was £Nil (2024 - £Nil)

5. Stocks

	2025	2024
	£	£
Stock	2,000	3,750

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	3,439	3,439
VAT	5,592	2,092

	9,031	5,531

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Lisburn Distillery Football + Athletic Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

The company does not have accounts receivable from player transfers. The club is owed £3,439 from its social club.

The company did not sell any players in 2025 and the income from player transfers was £Nil (2024 - £Nil)

The company is owed £5,592 in relation to a VAT refund (2024 - £2,092)

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	589	464
Bank loans and overdrafts	3,137	2,644
Corporation tax	138	145
Accruals and deferred income	9,261	2,671

	13,125	5,924

The company does not have any accounts payable for player transfers or any accounts payable to group entities or related parties or any other short term provisions.

The club has no liabilities to HMRC in respect of either PAYE or VAT in both years.

The club owes HMRC £138 in respect of corporation tax for the year ended 31 December 2024, last year £145.

The club did not purchase any players in 2024 and the expenditure relating to player transfers was £Nil (2024 - £Nil)

The club has no overdraft (2024 - £Nil)

The club has availed of a bounceback loan the balance at 31 December 2024 is £3,911 (2024 - £6,970), this is disclosed within amounts falling due with in one year and greater than one year.

The club has no loans from directors (2024 - £Nil)

The club has no other loans (2024 - £Nil)

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	774	4,326

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	9,325	9,325

10.

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Lisburn Distillery Football + Athletic Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Included within income is £11,975 sponsorship (2024 - £7,072). It is disclosed as seperate note this year in the split of income.

Income from player transfers Nil (2024 - £Nil).

Other sources of income are noted seperately on the notes to the profit and loss account.

Expenditure relating to player transfers amounted to £Nil (2024 - £Nil).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		671

			-		671
CURRENT ASSETS
Stocks	5	2,000		3,750
Debtors	6	9,031		5,531
Cash at bank and in hand		11,678		9,106

		22,709		18,387
Creditors: Amounts Falling Due Within One Year	7	(13,125 )		(5,924 )

NET CURRENT ASSETS (LIABILITIES)			9,584		12,463

TOTAL ASSETS LESS CURRENT LIABILITIES			9,584		13,134

Creditors: Amounts Falling Due After More Than One Year	8		(774 )		(4,326 )

NET ASSETS			8,810		8,808

CAPITAL AND RESERVES
Called up share capital	9		9,325		9,325
Share premium account			16,824		16,824
Profit and Loss Account			(17,339 )		(17,341 )

SHAREHOLDERS' FUNDS			8,810		8,808