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Company registration number: NI657830
TreewiseNI Limited
Trading as TreewiseNI Limited
Unaudited filleted abridged financial statements
31 January 2025
TreewiseNI Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
TreewiseNI Limited
Directors and other information
Director Derek Gault
Company number NI657830
Registered office 51 Springwell Street
Ballymena
Co Antrim
BT43 6AT
Business address 51 Lurganure Road
Lisburn
Co Antrim
BT28 2TS
Accountants Park McKillop and Company
51 Springwell Street
Ballymena
Co Antrim
BT43 6AT
TreewiseNI Limited
Report to the director on the preparation of the
unaudited statutory financial statements of TreewiseNI Limited
Year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TreewiseNI Limited for the year ended 31 January 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of TreewiseNI Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of TreewiseNI Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TreewiseNI Limited and its director as a body for our work or for this report.
It is your duty to ensure that TreewiseNI Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TreewiseNI Limited. You consider that TreewiseNI Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of TreewiseNI 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 statutory financial statements.
Park McKillop and Company
Chartered Accountants
51 Springwell Street
Ballymena
Co Antrim
BT43 6AT
31 March 2025
TreewiseNI Limited
Abridged statement of financial position
31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 333,187 333,187
Investments 6 406,760 406,760
_______ _______
739,947 739,947
Current assets
Debtors 1,000 1,000
Cash at bank and in hand 203,790 183,489
_______ _______
204,790 184,489
Creditors: amounts falling due
within one year 7 ( 247,510) ( 245,609)
_______ _______
Net current liabilities ( 42,720) ( 61,120)
_______ _______
Total assets less current liabilities 697,227 678,827
Creditors: amounts falling due
after more than one year ( 325,000) ( 325,000)
_______ _______
Net assets 372,227 353,827
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 371,227 352,827
_______ _______
Shareholder funds 372,227 353,827
_______ _______
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:
Derek Gault
Director
Company registration number: NI657830
TreewiseNI Limited
Statement of changes in equity
Year ended 31 January 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 February 2023 1,000 334,010 335,010
Profit for the year 99,417 99,417
_______ _______ _______
Total comprehensive income for the year - 99,417 99,417
Dividends paid and payable ( 80,600) ( 80,600)
_______ _______ _______
Total investments by and distributions to owners - ( 80,600) ( 80,600)
_______ _______ _______
At 31 January 2024 and 1 February 2024 1,000 352,827 353,827
Profit for the year 99,000 99,000
_______ _______ _______
Total comprehensive income for the year - 99,000 99,000
Dividends paid and payable ( 80,600) ( 80,600)
_______ _______ _______
Total investments by and distributions to owners - ( 80,600) ( 80,600)
_______ _______ _______
At 31 January 2025 1,000 371,227 372,227
_______ _______ _______
TreewiseNI Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is TreewiseNI Limited, 51 Springwell Street, Ballymena, Co Antrim, BT43 6AT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).
5. Tangible assets
£
Cost
At 1 February 2024 and 31 January 2025 333,187
_______
Depreciation
At 1 February 2024 and 31 January 2025 -
_______
Carrying amount
At 31 January 2025 333,187
_______
At 31 January 2024 333,187
_______
6. Investments
£
Cost
At 1 February 2024 and 31 January 2025 406,760
_______
Impairment
At 1 February 2024 and 31 January 2025 -
_______
Carrying amount
At 31 January 2025 406,760
_______
At 31 January 2024 406,760
_______
Investments in group undertakings
Registered office Class of share Percentage of shares held
Participating interest
Northern Tree Services Ltd 51 Springwell Street, Ballymena, Co Antrim, BT43 6AT Ordinary 100
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.
7. Creditors: amounts falling due within one year
It is intended that the liability to the subsidiary company will be repaid over a period of 5 years funded by intercompany dividends.
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Balance owed by/(owed to)
2025 2024
£ £
Northern Tree Services Limited 247,510 245,026
James Gault 325,000 325,000
_______ _______
Transactions with group companies comprises the purchase of the entire share capital in Northern Tree Services Limited funded by an intercompany loan that it is intended will be repaid over a period of 5 years. The second related party is James Gault , father of Derek Gault who was allotted 325,000 redeemable preference shares of £1 each on 6th July 2023. The preference shares carry a fixed dividend at £1,000 per each financial year until redemption and proportionately for any part of a year, with the discretion of the Board to increase the Preference Dividend as they may reasonably determine. They are presented as a liability in accordance with the company's accounting policy.
9. Controlling party
The ultimate controlling party is Derek Gault (director and shareholder).