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REGISTERED NUMBER: NI684351 (Northern Ireland)













COLDRUM HOLDINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






COLDRUM HOLDINGS LTD (REGISTERED NUMBER: NI684351)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


COLDRUM HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Raymond Milligan
Mr Ronald Milligan



REGISTERED OFFICE: 110 Edenamohill Road
EDERNEY
Co. Fermanagh
BT93 0BA



REGISTERED NUMBER: NI684351 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
South Business Centre
45-48 High Street
Portadown
CRAIGAVON
Co. Armagh
BT62 1LB

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COLDRUM HOLDINGS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


7 May 2025

COLDRUM HOLDINGS LTD (REGISTERED NUMBER: NI684351)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 278,554 284,357
Investments 5 100 100
278,654 284,457

CURRENT ASSETS
Debtors 6 601,134 420,444
Cash at bank 1,039,236 567,948
1,640,370 988,392
CREDITORS
Amounts falling due within one year 7 15,504 8,002
NET CURRENT ASSETS 1,624,866 980,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,903,520

1,264,847

CREDITORS
Amounts falling due after more than one
year

8

686

686
NET ASSETS 1,902,834 1,264,161

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,902,734 1,264,061
SHAREHOLDERS' FUNDS 1,902,834 1,264,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

COLDRUM HOLDINGS LTD (REGISTERED NUMBER: NI684351)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:




Mr Ronald Milligan - Director



Mr Raymond Milligan - Director


COLDRUM HOLDINGS LTD (REGISTERED NUMBER: NI684351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Coldrum Holdings Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Preparation of consolidated financial statements
The financial statements contain information about Coldrum Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land & buildings - 2% straight line

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

COLDRUM HOLDINGS LTD (REGISTERED NUMBER: NI684351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land &
buildings
£   
COST
At 1 January 2024
and 31 December 2024 290,160
DEPRECIATION
At 1 January 2024 5,803
Charge for year 5,803
At 31 December 2024 11,606
NET BOOK VALUE
At 31 December 2024 278,554
At 31 December 2023 284,357

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 601,134 420,444

COLDRUM HOLDINGS LTD (REGISTERED NUMBER: NI684351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,884 6,502
Other creditors 1,620 1,500
15,504 8,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 686 686

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 686 686

9. RELATED PARTY DISCLOSURES

Coldrum Holdings Ltd, the parent company of Milligan Bros Ltd has provided a parent company guarantee in the sum of £150,000 (supported by a legal charge over lands owned by Coldrum Holdings Ltd) for the benefit of Milligan Bros Ltd in relation to existing bank facilities for Milligan Bros Ltd.

The company has availed of the exemption to not disclose transactions with group undertakings under Section 33 of FRS102.

10. ULTIMATE CONTROLLING PARTY

Coldrum Holdings Ltd is under the ultimate control of Ronald & Raymond Milligan.