2025-08-31-accounts

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COOKSTOWN ENTERPRISE CENTRE LTD

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2025

		Unrestricted	Total	Total
		Funds	2025	2024
	Notes	£	£	£
Incoming resources
Incoming resources from generated funds	2	5,272	5,272	10,120
Incoming resources from charitable activities	3	367,328	367,328	345,012
Total incoming resources		372,600	372,600	355,132
Resources expended
Charitable activities	4	300,447	300,447	281,788
Governance costs	5	59,396	59,396	53,534
Total resources expended		359,843	359,843	335,322
Net incoming/(outgoing) resources		12,757	12,757	19,810
Net movement in funds
Total funds brought forward 1 September 2024		2,107,230	2,107,230	2,087,420
Totalfundscarriedforwardat31August2025		2,119,987	2,119,987	2,107,230

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COOKSTOWN ENTERPRISE CENTRE LTD

BALANCE SHEET

AS AT 31 AUGUST 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Fixed|assets| |Tangible|assets|8|2,563,064|2,571,198| |Current|assets| |Debtors|9|46,784|31,460| |Cash|at|bank|and|in|hand|427,172|461,568| |473,956|493,028| |Creditors:|amounts|falling|due within| |one year|10|(104,538)|(102,681)| |Net current assets|369,418|390,347| |Total|assets|less|current|liabilities|2,932,482|2,961,545| |Creditors:|amounts|falling|due|after| |more than|one year|11|-|(9,239)| |Accruals and|deferred|income|12|(812,495)|(845,076)| |Net assets|2,119,987|2,107,230| |Income|funds| |Unrestricted|reserves|2,019,987|2,007,230| |Designated|reserves|100,000|100,000| |Total|charity funds|2,119,987|2,107,230|

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

The financial statements were approved by the board of directors and authorised for issue on 5 March 2026 and are signed on its behalf by:

Mr T Wilson

Director

Company Registration No. NI020880

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COOKSTOWN ENTERPRISE CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

• 1 Accounting policies

Company information

Cookstown Enterprise Centre Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Derryloran Industrial Estate, Sandholes Road, Cookstown, Co Tyrone, BT80 9LU.

• 1.1 Accounting convention

• The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Cookstown Enterprise Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accountancy policy note(s). The financial statements are prepared on a going concern basis.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

• 1.2 Fund accounting Unrestricted funds are available for use at the discretion of the directors in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the provider of the funds.

• 1.3 Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

-Investment income is included when receivable.

-Incoming resources from charitable activity represents amounts receivable for rent, training and services. These incoming resources are accounted for when earned and accounted for net of VAT and trade discounts.

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COOKSTOWN ENTERPRISE CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies (Continued) 1.4 Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. It is accounted for net of VAT and any discounts given.

(Continued)

• Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that have been allocated directly to such activities and those costs of an indirect nature necessary to support them.

• Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

Costs which are directly attributable to a charitable activity or to governance are allocated directly to that activity. Items of expenditure which contribute directly to the output of more than one category are apportioned on a reasonable, justifiable and consistent basis. Support costs which are shared between activities are apportioned on a reasonable, justifiable and consistent basis to the activity cost categories being supported. The basis of apportionment of staff costs is by the estimated time spent by the individual members of staff on different activity cost categories. Most other support costs are apportioned on the basis of the estimated floor area of the building utilised by the different activity cost categories unless there are specific reasons to apply different proportions of costs to different activity cost categories.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings	2% straight line
Officefurnitureandfittings	25%reducingbalance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.6 Impairment of fixed assets At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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COOKSTOWN ENTERPRISE CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

• 1 Accounting policies

(Continued)

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cashgenerating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7 Cash at bank and in hand Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidencesa residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

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COOKSTOWN ENTERPRISE CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025 green en ST

• 1 Accounting policies

(Continued)

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

Having obtained charitable status with effect from 18 June 2003, the company is not liable to corporation tax.

1.9 Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2	Incoming resourcesfromgenerated funds	Unrestricted	Total	Total
		funds	2025	2024
		£	£	£
	Bank interest	5,272	5,272	10,120
		5,272	5,272	10,120

3	Incoming resourcesfromcharitableactivities	Unrestricted	Total	Total
		funds	2025	2024
		£	£	£
	Rental Income	283,038	283,038	268,852
	Other property income	53,818	53,818	55,058
	Business development income	30,472	30,472	21,101
		367,328	367,328	345,011

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COOKSTOWN ENTERPRISE CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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4	Resources expended on charitable activities
		Unrestricted	Total	Total
		funds	2025	2024
		£	£	£
	Direct costs	34,830	34,830	28,454
	Wages and salaries	80,437	80,437	90,840
	Social security costs	2,458	2,458	2,750
	Staffpension costs defined contribution	3,101	3,101	3,052
	Rates	7,905	7,905	5,050
	Power, light and heat	23,416	23,416	17,201
	Repairs and maintenance	26,242	26,242	23,823
	Insurance	15,521	15,521	10,062
	Motor and travel expenses	164	164	1,396
	Subscriptions	3,152	3,152	3,082
	Legaland professional fees	(995)	(995)	250
	Consultancy and administration support	4,250	4,250	10,022
	Bank charges	1,135	1,135	1,147
	Printing, postage and stationery	1,482	1,482	1,362
	Advertising and publicity	4,979	4,979	4,668
	Internet/ICT expenses	11,111	11,111	7,032
	Cleaning services	10,672	10,672	7,534
	Sundry expenses	5,519	5,519	5,983
	Capital grant amortisation	(30,300)	(30,300)	(30,300)
	Depreciation	95,368	95,368	88,380
		300,447	300,447	281,788
5	Resources expended on governance costs
		Unrestricted	Total	Total
		funds	2025	2024
		£	£	£
	Wages and salaries	34,473	34,473	31,734
	Social security costs	3,707	3,707	3,042
	Staff pension costs defined contribution	1,329	1,329	1,308
	Rates	595	595	380
	Power, light and heat	1,763	1,763	1,295
	Repairs and maintenance	1,975	1,975	1,793
	Insurance	2,717	2,717	1,687
	Motorand travel expenses	12	12	105
	Consultancy and administration support	320	320	754
	Audit fees	5,040	5,040	4,800
	Printing, postage and stationery	112	112	102
	Internet/ICT expenses	837	837	529
	Cleaning services	803	803	567
	Sundry expenses	415	415	450
	Capital grant amortisation	(2,281)	(2,281)	(2,281)
	Depreciation Bank interest	7,178 401	7,178 401	6,656 613
		59,396	59,396	53,534

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COOKSTOWN ENTERPRISE CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

6	Operating surplus
		2025	2024
	Operating surplus forthe year is stated aftercharging:	£	£
	Fees payable to the company's auditorforthe audit ofthe company's financial statements	5,040	4,800

7 Taxation

Having obtained charitable status with effect from 18 June 2013, the company is not liable to corporation tax on its profits.

8 Tangible fixed assets

8	corporation tax on its profits. Tangiblefixedassets
8	Tangible fixed assets	Landand	Plantand	Total
		buildings	machinery
			etc
		£	£	£
	Cost At1September2024 Additions	3,397,392 89,314	688,736 5,098	4,086,128 94,412
	At 31 August2025	3,486,706	693,834	4,180,540
	Depreciation and impairment At 1 September2024 Depreciationcharged intheyear	1,017,558 67,200	497,372 35,346	1,514,930 102,546
	At 31 August2025	1,084,758	532,718	1,617,476
	Carrying amount At 31 August2025	2,401,948	161,116	2,563,064
	At31 August2024	2,379,834	191,364	2,571,198
9	Debtors		2025	2024
	Amounts falling duewithin oneyear:		£	£
	Trade debtors		20,050	7,239
	Other debtors		26,734	24,223
			46,784	31,462

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COOKSTOWN ENTERPRISE CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

10 Creditors: amounts falling due within one year

10	Creditors: amounts falling due within one yeardue within one yearwithin one yearone yearyear
		2025	2024
		£	£
	Bank loans and overdrafts Trade creditors	9,640 29,725	10,648 41,940
	Taxation and social security	16,269	-
	Other creditors	48,904	50,093
		104,538	102,681
11	Creditors: amounts falling due aftermore than one year
		2025	2024
		£	£
	Bank loans and overdrafts	-	9,239
12	Capital grant reserve
			Government
			grants
			£
	Balance at 1 September 2024		845,076
	Amortisation intheyear		(32,581)
	Balance at 31 August 2025		812,495
13	Retirement benefitschemes
		2025	2024
	Defined contribution schemes	£	£
	Chargetoprofitorlossinrespectofdefinedcontributionschemes	4,429	4,360

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COOKSTOWN ENTERPRISE CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

14	Statementof	ofmovementsoncharityfunds	Unrestricted
			surpluses
			£
	Balanceat	1 September2024	2,107,230
	Profit fortheyear		12,757
	Balance at	31 August2025	2,119,987
	Split as follows: General reserves		2,019,987
	Designated	reserves	100,000
			2,119,987

15 Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

16 Related party transactions

The company is required to disclose material transactions with related parties.

During the financial year ended 31 August 2025, the company had no related party transactions that require disclosure.

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COOKSTOWN ENTERPRISE CENTRE LTD MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025

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COOKSTOWN ENTERPRISE CENTRE LTD

PROPERTY AND TRAINING DIVISIONS - DETAILED TRADING AND PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

		2025		2024
	£	£	£	£
Turnover
Property division Training division		336,857 30,471		323,911 21,101
		367,328		345,012
Cost of sales
Direct costs	34,830 ——_	(34,830)	28,454 ——	(28,454)
Gross profit	90.52%	332,498	91.75%	316,558
Administrative expenses		(324,612)		(306,255)
Operating profit		7,886		10,303
Exceptional items
Profit/(loss) on sale oftangible assets	-		-
Other interest receivable and similar income
Bank interest received	5,272		10,120
		5,272		10,120
Interest payable Bank interest		(401)		(613)
Profitbeforetaxation	3.47%	12,757	5.74%	19,810

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COOKSTOWN ENTERPRISE CENTRE LTD

PROPERTY AND TRAINING DIVISIONS - SCHEDULE OF ADMINISTRATIVE EXPENSES

FOR THE YEAR ENDED 31 AUGUST 2025

	2025	2024
	£	£
Administrative expenses
Wages and salaries	114,910	122,574
Social security costs	6,166	5,792
Staffpension costs defined contribution	4,429	4,360
Rates Power, lightand heat Repairs and maintenance Insurance	8,500 25,179 28,217 18,237	5,430 18,496 25,616 11,749
Motorand travel expenses Subscriptions Legal and professionalfees Consultancy and administration support Audit fees	177 3,152 (995) 4,570 5,040	1,501 3,082 250 10,776 4,800
Bankcharges Printing, postage and stationery Advertising and publicity Internet/ICT expenses Cleaning services Sundry expenses Capital grantamortisation Depreciation	1,135 1,594 4,979 11,948 11,475 5,934 (32,581) 102,546	1,147 1,464 4,668 7,561 8,101 6,433 (32,581) 95,036
	324,612	306,255

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