BrightAccountsProduction v1.0.0 v1.0.0 2023-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is Property Rental. 3 March 2025 0 0 NI641629 2024-10-31 NI641629 2023-10-31 NI641629 2022-10-31 NI641629 2023-11-01 2024-10-31 NI641629 2022-11-01 2023-10-31 NI641629 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI641629 uk-curr:PoundSterling 2023-11-01 2024-10-31 NI641629 uk-bus:AbridgedAccounts 2023-11-01 2024-10-31 NI641629 uk-core:ShareCapital 2024-10-31 NI641629 uk-core:ShareCapital 2023-10-31 NI641629 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI641629 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI641629 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI641629 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI641629 uk-bus:FRS102 2023-11-01 2024-10-31 NI641629 uk-core:LandBuildings 2023-11-01 2024-10-31 NI641629 2023-11-01 2024-10-31 NI641629 uk-bus:Director3 2023-11-01 2024-10-31 NI641629 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI641629
 
 
Sweet Briar (NI) Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 October 2024
Sweet Briar (NI) Limited
Company Registration Number: NI641629
ABRIDGED BALANCE SHEET
as at 31 October 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 164,241 167,954
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Current Assets
Debtors 196 187
Cash and cash equivalents 5,880 23,994
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6,076 24,181
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Creditors: amounts falling due within one year (140,117) (169,089)
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Net Current Liabilities (134,041) (144,908)
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Total Assets less Current Liabilities 30,200 23,046
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Capital and Reserves
Called up share capital 99 99
Retained earnings 30,101 22,947
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Equity attributable to owners of the company 30,200 23,046
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 3 March 2025 and signed on its behalf by
           
           
________________________________          
Paul Watters          
Director          
           



Sweet Briar (NI) Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 October 2024

   
1. General Information
 
Sweet Briar (NI) Limited is a company limited by shares incorporated in Northern Ireland. 35 Main Street, Camlough, Newry, Down, BT35 7JG, Northern Ireland is the registered office, which is also the principal place of business of the company. . The principal activity of the company is Property Rental. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 October 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 0.00|0, (2023 - 0).
       
4. Tangible assets
  Land and Total
  buildings  
  freehold  
  £ £
Cost
At 1 November 2023 185,654 185,654
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At 31 October 2024 185,654 185,654
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Depreciation
At 1 November 2023 17,700 17,700
Charge for the financial year 3,713 3,713
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At 31 October 2024 21,413 21,413
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Net book value
At 31 October 2024 164,241 164,241
  ═════════ ═════════
At 31 October 2023 167,954 167,954
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.