Registration number: NI625705

Donnelly Surveyors (NI) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 11

Donnelly Surveyors (NI) Limited

Company Information

Directors

Niall Donnelly Pauline Donnelly

Registered office

95 Fathom Line Newry Co Down Northern Ireland BT35 8QN

Donnelly Surveyors (NI) Limited

(Registration number: NI625705)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	4,124	3,835
Current assets
Stocks	6	4,460	3,423
Debtors	7	2,352	6,281
Cash at bank and in hand		22,523	14,936
		29,335	24,640
Creditors: Amounts falling due within one year	8	(30,047)	(24,803)
Net current liabilities		(712)	(163)
Total assets less current liabilities		3,412	3,672
Provisions for liabilities		(784)	(729)
Net assets		2,628	2,943
Capital and reserves
Called up share capital		2	2
Retained earnings		2,626	2,941
Shareholders' funds		2,628	2,943

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2026 and signed on its behalf by:
 

......................................... Niall Donnelly Director

......................................... Pauline Donnelly Director

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in N. Ireland.

The address of its registered office is:
95 Fathom Line
Newry
Co Down
BT35 8QN
Northern Ireland

These financial statements were authorised for issue by the Board on 22 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Office Equipment	15% Reducing Balance Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

	2025 £	2024 £
Current taxation
UK corporation tax	14,530	15,730
Deferred taxation
Arising from origination and reversal of timing differences	55	(128)
Tax expense in the income statement	14,585	15,602

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	9,272	9,272
Additions	1,017	1,017
At 31 December 2025	10,289	10,289
Depreciation
At 1 January 2025	5,437	5,437
Charge for the year	728	728
At 31 December 2025	6,165	6,165
Carrying amount
At 31 December 2025	4,124	4,124
At 31 December 2024	3,835	3,835

6

Stocks

	2025 £	2024 £
Work in progress	4,460	3,423

7

Debtors

Current	2025 £	2024 £
Trade debtors	1,251	1,791
Other debtors	1,101	4,490
	2,352	6,281

8

Creditors

Creditors: amounts falling due within one year

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	229	431
Trade creditors		60	120
Taxation and social security		20,576	22,078
Accruals and deferred income		2,078	1,893
Other creditors		7,104	281
		30,047	24,803

9	Provisions for liabilities

	Deferred tax £	Total £
At 1 January 2025	729	729
Additional provisions	55	55
At 31 December 2025	784	784

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	2	2	2	2

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

11	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	229	431

12

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £27,500.00 per each Ordinary Share		55,000		55,000

13	Related party transactions

Key management compensation

	2025 £	2024 £
Salaries and other short term employee benefits	25,140	25,186

Donnelly Surveyors (NI) Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	25,140	24,863

Dividends paid to directors

		2025 £		2024 £
Niall Donnelly
Dividends		27,500		27,500
Pauline Donnelly
Dividends		27,500		27,500