Registered number.. N1028953
CLONOE RURAL DEVELOPMENT AGENCY LIMrrED
DIRECTORS, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
chmcg
OHAGAN MrGLINCHEV & CO

Clonoe Rural Development Agency Limited
Contents
Page
Company Information
Dirertors. Report
Accountant's Report
Income and Expenditure Account
Balance Sheet
Notes to the Financial Staternents
The following pages do not fom part of the statutory accounts..
Detailed Income and Expenditure Account

Clonoe Rural Development Agency Limited
Company Information
For The Year Ended 30 September 2024
Directors
Mr Adrian Hughes
Mr Colin O'Neill
Company Number
N1028953
Registered Office
93 Washingbay Road
Clonoe
Coalisland
Co. Tyrone
BT71 4PU
Accountants
O'Hagan McGlinchey & Co
36 Dungannon Road
Coalisland
Dungannon
Tyrone
BT71 4HP
Bankers
AIB {NII
18-20 Scotch Street
Dungannon
Tyrone
BT70 IAZ
Page I

Clonoe Rural Development Agency Limited
Company No. N1028953
Directors. Report For The Year Ended 30 September 2024
The directors present their report and the financial statements for the year ended 30 September 2024.
Directors
The directors who held office during the year were as follows:
Mr Adrian Hughes
Mr Colin O'Neill
statement of Directors. Responsibilities
The directors are responsible for preparing the Dirertors. Report and the financial statements in accordance with applicable
law and regulations.
Company law requires the dirertors to prepare financial ststements for each financial year. Under that law the directors have
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice
(United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial
statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit
or loss of the company for that period. In preparing the financial statements the directors are required to:
select suitable accounting policies and then apply them consistently-
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company
will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's
transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to
ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the
assets of the company and hence for taking reasonable steps for the prevention and detertion of fraud and other
irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial infonnation included on the
company's website. Legislation in the United Kingdom goveming the p￿paratiOn and dissemination of financial statements
ay differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies
regime within Part 15 of the Companie5 Art 2006.
On behalf of the board
Mr Adrian Hughes
Director
19th May 2025
Page 2

Clonoe Rural Development Agency Limited
Accountant's Report
For The Year Ended 30 September 2024
Report to the directors on the preparation of the unaudited statutory accounts of Clonoe Rural Development
Agency Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, 1 have prepared for your approval the accounts of
Clonoe Rural Development Agency Limited for the year ended 30 September 2024 which comprise the Income and
Expenditure Account, the Balance Sheet and the related notes from the accounting records and from information an
explanations you have given to us.
As a practising member of the Institute of Financial Accountants {IFA), we are subject to its ethical and other professional
requirements which are detailed at https-/Jwww.ifa.org.uklabout-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the directors of Clonoe Rural Development Agency Limited, as a body, in accordance with the
terms of our engagement letter dated 16 June 2023. Our work has been undertaken solely to prepare for your approval the
accounts of Clonoe Rural Development Agency Limited and state those matters that we have agreed to state to the directors
of Clonoe Rural Development Agency Limited, as a body. in this report. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than Clonoe Rural Development Agency Limited and its directors, as a body,
for our work or for this report.
It is your duty to ensure that Clonoe Rural Development Agency Limited has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of the assets. liabilities, financial position and profit or loss of Clonoe RuTrl
Development Agency Limited. You consider that Clonoe Rural Development Agency Limited is exempt from the statutory audit
requirement for the year.
We have not been instrurted to carry out an audit of the accounts of Clonoe Rural Development Agency Limited. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you
have given to us and we do not. therefore, express any opinion on the financial statements.
19th May 2025
O'Hagan McGlinchey & Co
36 Dungannon Road
Coalisland
Dungannon
Tyrone
BT71 4HP
Page 3

Clonoe Rural Development Agency Limited
Income and Expenditure Account
For The Year Ended 30 September 2024
2024
2023
Notes
TURNOVER
363,831
322,239
GROSS SURPLUS
363,831
322,239
Administrative expenses
{64.055}
(71,642)
OPERATING SURPLUS
299,776
(22, 178)
250,597
{ 1,785)
Interest payable and similar charges
SURPLUS FOR THE FINANCIAL YEAR
277,598
248,812
The notes on pages 6 to 7 forni part of these financial statements.
Page 4

Clonoe Rural Development Agency Limited
Balance Sheet
As At 30 September 2024
2024
2023
Notes
FIXED ASSETS
Tangible Assets
2,294,421
1,705,273
2.294,421
1,705,273
CURRENT ASSETS
Debtors
40,425
16,830
46,069
39,591
Cash at bank and in hand
57.255
85,660
Creditors: Amounts Falling Due Within
One Year
(16,113)
(88,647)
NET CURRENT ASSETS {UABILITIES)
41.142
{2,987)
TOTAL ASSETS LESS CURRENT
LIABILITIES
2.335.563
1,702,286
Creditors: Amounts Falling Due After
More Than One Year
(379,042)
{23,363)
NET ASSETS
1,956,521
1,678,923
Income and Expenditure Account
1.956,521
1,678,923
MEMBERS. FUNDS
1,956,521
1,678,923
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the
Companie5 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 Art 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Att with respett to accounting
records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subjett to the small companies
regime.
On behalf of the board
Mr Adrian Hughes
Director
19th May 2025
The notes on pages 6 to 7 fom part of these financial statements.
Page 5

Clonoe Rural Development Agency Limited
Notes to the Financial Statements
For The Year Ended 30 September 2024
l. General Information
Clonoe Rural Development Agency Limited is a private company. limited by shares. incorporated in Northern Ireland,
registered number N1028953. The registered office is 93 Washingbay Road. Clonoe. Coalisland, Co. Tyrone, BT71 4PU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Ststements
The financial statements have been prepared under the historical cost convention and in accordance with Financial
Reporting Standard 102 sertion IA 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 receive¢J or receivable, net of discounts and value added
taxes. Turnover includes revenue eamed from the sale of goods and from the rendering of services. Turnover is
reduced for estimated customer returns, ￿bateS 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 contrart. The
stage of completion of a contrart 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 fixeé assets, less their estimated residual value,
over their expected useful lives on the following bases-
Freehold
Plant & Machinery
FiXtu￿S & Fittings
Fully Depreciated
25Vo Reducing Balance
3. Average Number of Employees
Average number of employees, including dirertors. during the year was: NIL (2023: NIL)
4. Tangible Assets
Land &
Property
Freehold
Plant &
Machinery
Fixtures &
Fittings
Totsl
Cost
As at i October 2023
1,670,015
597,962
57,424
243,029
1,970,468
597,962
Additions
As at 30 September 2024
2,267,977
57,424
243,029
2,568,430
Depreciation
As at l October 2023
57.424
207,771
8,814
265,195
8,814
Provided during the period
As at 30 Septernber 2024
57,424
216,585
274,009
Net Book Value
As at 30 September 2024
2,267,977
26,444
2,294,421
As at l October 2023
1,670,015
35,258
1,705,273
Page 6

Clonoe Rural Development Agency Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
5. Debtors
2024
2023
Due within one year
Trade debtors
355
355
VAT
40,070
45,714
40,425
46,069
6. Creditors: Amounts Falling Due Within One Year
2024
2023
Trade creditors
Bank loans and overdrafts
Accruals and deferred income
2,181
12,732
1,200
74,315
12,732
1,600
16,113
88,647
7. Creditors: Amounts Falling Due After More Than One Year
2024
2023
Bank loans
379,042
23,363
8. Share Capital
Page 7

Clonoe Rural Development Agency Limited
Detailed Income and Expenditure Account
For The Year Ended 30 September 2024
2024
2023
TURNOVER
Sales
Rental income
Grants and donations received
140
2,897
24,046
295,296
33,026
330,665
363,831
363,831
322,239
322,239
GROSS SURPLUS
Administrative Expenses
Rates
4,809
17,002
7.811
264
4,789
11,697
6,292
417
Light and heat
Premises insurance
Computer software, consumables and maintenan
Repairs, renewals and maintenance
Telecommunications and data costs
Accountancy fees
Professional fees
18,292
320
1.667
4,591
25,536
495
600
9,056
400
Subscriptions
Bank charges
Depreciation of fixtures and fittings
Sundry expenses
334
8.815
150
315
11,760
285
{64,055}
{71,642)
OPERATING SURPLUS
299.776
250,597
Interest payable and similar charges
Bank loan interest
22.178
1,785
{22.178}
{1,785)
SURPLUS FOR THE FINANCIAL YEAR
277,598
248,812
Page 8