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REGISTERED NUMBER: NI649662 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BROOKLAWN LIMITED

BROOKLAWN LIMITED (REGISTERED NUMBER: NI649662)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


BROOKLAWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr P McGranaghan





REGISTERED OFFICE: 17 Clarendon Road Clarendon Dock
Belfast
United Kingdom
BT1 3BG





REGISTERED NUMBER: NI649662 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BT1 3BG

BROOKLAWN LIMITED (REGISTERED NUMBER: NI649662)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 33,288 43,288
Tangible assets 5 1,389,397 1,427,323
1,422,685 1,470,611

CURRENT ASSETS
Debtors 6 68,772 57,593
Cash at bank and in hand 108,040 15,550
176,812 73,143
CREDITORS
Amounts falling due within one year 7 728,142 671,136
NET CURRENT LIABILITIES (551,330 ) (597,993 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

871,355

872,618

CREDITORS
Amounts falling due after more than one
year

8

(787,364

)

(835,526

)

PROVISIONS FOR LIABILITIES 10 (5,309 ) (5,601 )

ACCRUALS AND DEFERRED INCOME (353 ) (715 )
NET ASSETS 78,329 30,776

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,229 30,676
78,329 30,776

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 director acknowledges his 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.

BROOKLAWN LIMITED (REGISTERED NUMBER: NI649662)

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 director and authorised for issue on 13 May 2025 and were signed by:





Mr P McGranaghan - Director


BROOKLAWN LIMITED (REGISTERED NUMBER: NI649662)

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


1. STATUTORY INFORMATION

Brooklawn Limited 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.

The trading address of the company is 20 Fruithill Park, Belfast.

2. ACCOUNTING POLICIES

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

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Establish whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

The director also considers the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover represents the total invoice value, excluding value added tax, of fees payable by residents during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures, fittings & equipment - 25% on reducing balance and 20% on reducing balance

BROOKLAWN LIMITED (REGISTERED NUMBER: NI649662)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 62 ) .

BROOKLAWN LIMITED (REGISTERED NUMBER: NI649662)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 100,000
AMORTISATION
At 1 January 2024 56,712
Amortisation for year 10,000
At 31 December 2024 66,712
NET BOOK VALUE
At 31 December 2024 33,288
At 31 December 2023 43,288

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings
property & equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 1,576,481 80,871 1,657,352
DEPRECIATION
At 1 January 2024 178,638 51,391 230,029
Charge for year 31,529 6,397 37,926
At 31 December 2024 210,167 57,788 267,955
NET BOOK VALUE
At 31 December 2024 1,366,314 23,083 1,389,397
At 31 December 2023 1,397,843 29,480 1,427,323

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 8,044 1,996
Other debtors 60,728 55,597
68,772 57,593

BROOKLAWN LIMITED (REGISTERED NUMBER: NI649662)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 56,528 47,530
Trade creditors 93,226 70,037
Other loans 73,400 58,907
Taxation and social security 22,834 16,639
Other creditors 482,154 478,023
728,142 671,136

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 787,364 835,526

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 843,892 883,056

The bank loan is secured by a debenture charging all of the assets and undertakings of the company and a first mortgage/charge over the property.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 5,309 5,601

Deferred
tax
£   
Balance at 1 January 2024 5,601
Credit to Income Statement during year (292 )
Balance at 31 December 2024 5,309

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P McGranaghan.