TULLYGALLY INNS LIMITED

Company Registration Number:
NI048246 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2025

Period of accounts

Start date: 01 January 2025

End date: 31 December 2025

TULLYGALLY INNS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2025

Balance sheet
Notes

TULLYGALLY INNS LIMITED

Balance sheet

As at 31 December 2025


Notes
2025
2024


£
£
Fixed assets
Intangible assets: 3 85,000 85,000
Tangible assets: 4 184,260 182,510
Total fixed assets: 269,260 267,510
Current assets
Stocks: 16,855 13,140
Debtors:   33,623 3,079
Cash at bank and in hand: 37,802 100,934
Total current assets: 88,280 117,153
Creditors: amounts falling due within one year:   (25,938) (42,566)
Net current assets (liabilities): 62,342 74,587
Total assets less current liabilities: 331,602 342,097
Total net assets (liabilities): 331,602 342,097
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 331,592 342,087
Shareholders funds: 331,602 342,097

The notes form part of these financial statements

TULLYGALLY INNS LIMITED

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2026
and signed on behalf of the board by:

Name: Joseph O'Connor
Status: Director

The notes form part of these financial statements

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

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 life as follows: Land and buildings - no depreciation charge Plant and machinery - 10% reducing balance Fixtures and equipment - 15% reducing balance 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.

Intangible fixed assets and amortisation policy

Intangible fixed assets are valued at cost.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete or slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing or selling.

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

2. Employees

2025 2024
Average number of employees during the period 2 3

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

3. Intangible Assets

Total
Cost £
At 01 January 2025 85,000
At 31 December 2025 85,000
Net book value
At 31 December 2025 85,000
At 31 December 2024 85,000

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

4. Tangible Assets

Total
Cost £
At 01 January 2025 211,736
Additions 3,120
At 31 December 2025 214,856
Depreciation
At 01 January 2025 29,226
Charge for year 1,370
At 31 December 2025 30,596
Net book value
At 31 December 2025 184,260
At 31 December 2024 182,510

TULLYGALLY INNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

5. Loans to directors

Name of director receiving advance or credit: Joseph O'Connor
Description of the loan: During the financial year, the company made a loan to the director amounting to £26,958. Interest was charged at a rate of 3.75% per annum. The loan was repaid in full on 13 May 2026.
£
Balance at 01 January 2025 0
Advances or credits made: 26,958
Balance at 31 December 2025 26,958