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Registration number: NI662706

Brocklamont Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Brocklamont Holdings Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Brocklamont Holdings Ltd

(Registration number: NI662706)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

823,745

665,108

Investment property

5

5,544,538

4,094,182

Investments

6

1,000

1,000

 

6,369,283

4,760,290

Current assets

 

Debtors

7

10,413

212,949

Cash at bank and in hand

 

6,463

68,083

 

16,876

281,032

Creditors: Amounts falling due within one year

8

(1,079,434)

(2,307,094)

Net current liabilities

 

(1,062,558)

(2,026,062)

Total assets less current liabilities

 

5,306,725

2,734,228

Creditors: Amounts falling due after more than one year

8

(2,760,640)

(302,675)

Provisions for liabilities

(223,488)

(113,800)

Net assets

 

2,322,597

2,317,753

Capital and reserves

 

Called up share capital

9

1,202,000

1,202,000

Retained earnings

1,120,597

1,115,753

Shareholders' funds

 

2,322,597

2,317,753

For the financial year ending 30 April 2024 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 4 November 2024 and signed on its behalf by:
 

 

Brocklamont Holdings Ltd

(Registration number: NI662706)
Balance Sheet as at 30 April 2024

.........................................
Mr T F Robinson
Director

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
207 Cullybackey Road
Ballymena
Co Antrim
BT43 5JH

These financial statements were authorised for issue by the Board on 4 November 2024.

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.

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 revenue 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.

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.

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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:

Asset class

Depreciation method and rate

Plant and equipment

10% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

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. 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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 0 (2023 - 0).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

665,108

665,108

Additions

250,164

250,164

At 30 April 2024

915,272

915,272

Depreciation

Charge for the year

91,527

91,527

At 30 April 2024

91,527

91,527

Carrying amount

At 30 April 2024

823,745

823,745

At 30 April 2023

665,108

665,108

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Investment properties

2024
£

At 1 May

4,094,182

Additions

1,450,356

At 30 April

5,544,538

The directors carried out a valuation at 30 April 2024 and consider the fair value would not have changed significantly from the cost when it was acquired.

.

6

Investments

2024
£

2023
£

Investments in subsidiaries

1,000

1,000

Subsidiaries

£

Cost or valuation

At 1 May 2023

1,000

Provision

Carrying amount

At 30 April 2024

1,000

At 30 April 2023

1,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Robinson's of Ballymena Ltd

207 Cullybackey Road
Ballymena
Co Antrim

Northern Ireland

Ordinary Shares

100%

100%

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Subsidiary undertakings

Robinson's of Ballymena Ltd

The principal activity of Robinson's of Ballymena Ltd is is a petrol filling station and grocery retailer.

7

Debtors

Current

2024
£

2023
£

Prepayments

6,137

-

Other debtors

4,276

212,949

 

10,413

212,949

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

140,054

1,344,090

Trade creditors

 

6,435

29,341

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

588,000

588,000

Taxation and social security

 

15,083

-

Accruals and deferred income

 

20,199

1,000

Other creditors

 

309,663

344,663

 

1,079,434

2,307,094

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

2,760,640

302,675

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2,000

2,000

2,000

2,000

Redeemable Preference Shares of £1 each

1,200,000

1,200,000

1,200,000

1,200,000

1,202,000

1,202,000

1,202,000

1,202,000

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,760,640

302,675

Current loans and borrowings

2024
£

2023
£

Bank borrowings

140,054

1,344,090

Bank borrowings

Danske Bank:
Collateral held by the bank is as follows
- A first and only all monies Debenture in favour of the Bank over all the Borrower(s), assets and undertaking to incorporate a first and only legal charge over properties situated at;
1A Old Cullybackey Road, Ballymena, Co Antrim
1B Old Cullybackey Road, Ballymena, Co Antrim
1C Old Cullybackey Road, Ballymena, Co Antrim
205 Cullybackey Road, Ballymena, Co Antrim
207 Cullybackey Road, Ballymena, Co Antrim
- An Unlimited guarantee from Robinson's of Ballymena Ltd in favour of the Bank in respect of the account and liabilities of Brocklamont Holdings Ltd, collateralised by first and only all monies Debenture

 

Brocklamont Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

11

Related party transactions

Summary of transactions with subsidiaries

Brocklamont Holdings Ltd owns 100% of Robinson's of Ballymena Ltd and both have taken advantage of the exemption in FRS102 not to disclose transactions or balances with wholly owned subsidiaries.
 

Expenditure with and payables to related parties

2024

Other related parties
£

Amounts payable to related party

309,663

2023

Other related parties
£

Amounts payable to related party

344,663

12

Parent and ultimate parent undertaking

The ultimate controlling party is the Robinson family who own 100% of the called up share capital.