REGISTERED NUMBER: NI636394 (Northern Ireland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

TEEMORE AGRICULTURAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C Wilson

SECRETARY:

Mr C Wilson

REGISTERED OFFICE:

Knockaraven

Teemore

Enniskillen

Co. Fermanagh

BT92 9BL

REGISTERED NUMBER:

NI636394 (Northern Ireland)

AUDITORS:

Patton Rainey Stenson Limited

Chartered Accountants and Statutory Auditors

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

FIXED ASSETS

Tangible assets

4

3,702,614

1,302,968

CURRENT ASSETS

Debtors

5

131,811

154,411

Cash at bank

31,090

12,891

162,901

167,302

CREDITORS

Amounts falling due within one year

6

2,328,866

1,318,922

NET CURRENT LIABILITIES

(2,165,965

)

(1,151,620

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,536,649

151,348

CREDITORS

Amounts falling due after more than one year

7

1,657,064

264,731

NET LIABILITIES

(120,415

)

(113,383

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(120,515

)

(113,483

)

SHAREHOLDERS' FUNDS

(120,415

)

(113,383

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2026 and were signed by:

Mr C Wilson - Director

1.	STATUTORY INFORMATION

Teemore Agricultural Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 November 2024

1,292,051

23,301

1,315,352

Additions

2,394,535

9,925

2,404,460

At 31 October 2025

3,686,586

33,226

3,719,812

DEPRECIATION

At 1 November 2024

-

12,384

12,384

Charge for year

-

4,814

4,814

At 31 October 2025

-

17,198

17,198

NET BOOK VALUE

At 31 October 2025

3,686,586

16,028

3,702,614

At 31 October 2024

1,292,051

10,917

1,302,968

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

123,044

145,644

Other debtors

100

100

Prepayments and accrued income

8,667

8,667

131,811

154,411

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts (see note 8)

171,345

110,819

Amounts owed to group undertakings

2,148,337

1,199,853

VAT

1,285

1,569

Accruals and deferred income

7,899

6,681

2,328,866

1,318,922

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans (see note 8)

1,657,064

264,731

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

800,339

70,733

8.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

£

Amounts falling due within one year or on demand:

Bank loans

171,345

110,819

Amounts falling due between one and two years:

Bank loans - 1-2 years

342,690

99,441

Amounts falling due between two and five years:

Bank loans - 2-5 years

514,035

94,557

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

800,339

70,733

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

1,828,409

375,550

The bank loans are secured by a fixed and floating charge over the land and property of the company along with a charge over the house yard and lands at Glassmullagh Road, Derrylin.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 November 2024

(113,483

)

Deficit for the year

(7,032

)

At 31 October 2025

(120,515

)

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thomas S Patton (Senior Statutory Auditor)

for and on behalf of Patton Rainey Stenson Limited

13.	RELATED PARTY DISCLOSURES

Teemore Engineering Limited is a related party company by virtue of common ownership and the amount due at the year end amounted to £2,148,337 (2024: 1,199,853).

14.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Teemore Holdings Limited, which is incorporated in Northern Ireland. Teemore Holdings Limited is under the ultimate control of Mr C Wilson.

15.	GOING CONCERN

The company made a loss for the year ended 31 October 2025 of £7,031 (2024 (£35,656)) and its liabilities exceeded it assets by £120,414 (2024 £113,383)

The company is dependent on the support of Teemore Engineering Limited, Mr C Wilson, its bankers to meet its commitments as they fall due.

Given the commitments and assurances by Mr C Wilson and Teemore Engineering Limited of their continued financial support, the director believes that the going concern basis is appropriate for this company.