BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 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 that of an investment company. 14 April 2025 0 0 NI641006 2024-09-30 NI641006 2023-09-30 NI641006 2022-09-30 NI641006 2023-10-01 2024-09-30 NI641006 2022-10-01 2023-09-30 NI641006 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI641006 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI641006 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI641006 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI641006 uk-core:ShareCapital 2024-09-30 NI641006 uk-core:ShareCapital 2023-09-30 NI641006 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI641006 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI641006 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI641006 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI641006 uk-bus:FRS102 2023-10-01 2024-09-30 NI641006 uk-core:CostValuation 2023-09-30 NI641006 uk-core:DisposalsRepaymentsInvestments 2024-09-30 NI641006 uk-core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 NI641006 uk-core:CostValuation 2024-09-30 NI641006 uk-core:WithinOneYear 2024-09-30 NI641006 uk-core:WithinOneYear 2023-09-30 NI641006 uk-core:EmployeeBenefits 2023-09-30 NI641006 uk-core:EmployeeBenefits 2023-10-01 2024-09-30 NI641006 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI641006 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI641006 uk-core:OtherDeferredTax 2024-09-30 NI641006 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 NI641006 uk-core:EmployeeBenefits 2024-09-30 NI641006 2023-10-01 2024-09-30 NI641006 uk-bus:Director1 2023-10-01 2024-09-30 NI641006 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI641006
 
 
Benburb Holdings Ltd
 
   Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Benburb Holdings Ltd
Company Registration Number: NI641006
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 3 115,000 115,000
Investments 4 - 231,488
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Fixed Assets 115,000 346,488
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Current Assets
Debtors 5 265,836 -
Cash and cash equivalents 6,341 15,995
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272,177 15,995
───────── ─────────
Creditors: amounts falling due within one year 6 (5,974) (1,436)
───────── ─────────
Net Current Assets 266,203 14,559
───────── ─────────
Total Assets less Current Liabilities 381,203 361,047
 
Provisions for liabilities 8 (5,353) (4,099)
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Net Assets 375,850 356,948
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Capital and Reserves
Called up share capital 20 20
Retained earnings 375,830 356,928
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Equity attributable to owners of the company 375,850 356,948
═════════ ═════════
 
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).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms 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 director acknowledges his 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 Director and authorised for issue on 14 April 2025
           
           
________________________________          
Mr. Daithi Conlon          
Director          
           



Benburb Holdings Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Benburb Holdings Ltd is a company limited by shares incorporated in Northern Ireland. 177 Derryfubble Road, Dungannon, Co Tyrone, BT71 7PS, Northern Ireland is the registered office, which is also the principal place of business of the company. . The principal activity of the company is that of an investment company. 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 30 September 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 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.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
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.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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. Tangible assets
  Investment Total
  properties  
     
  £ £
Cost or Valuation
At 1 October 2023 115,000 115,000
  ───────── ─────────
 
At 30 September 2024 115,000 115,000
  ───────── ─────────
Depreciation
At 1 October 2023 - -
  ───────── ─────────
At 30 September 2024 - -
  ───────── ─────────
Net book value
At 30 September 2024 115,000 115,000
  ═════════ ═════════
At 30 September 2023 115,000 115,000
  ═════════ ═════════
       
4. Investments
  Other Total
  investments  
     
Investments £ £
Cost or Valuation
At 1 October 2023 231,488 231,488
Disposals (230,644) (230,644)
Revaluations (844) (844)
  ───────── ─────────
At 30 September 2024 - -
  ───────── ─────────
Net book value
At 30 September 2024 - -
  ═════════ ═════════
At 30 September 2023 231,488 231,488
  ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Amounts owed by connected parties (Note 10) 265,836 -
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Taxation  (Note 7) 5,474 936
Accruals 500 500
  ───────── ─────────
  5,974 1,436
  ═════════ ═════════
       
7. Taxation 2024 2023
  £ £
 
Creditors:
Corporation tax 5,474 936
  ═════════ ═════════
             
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Losses Other Property Total Total
    differences revaluations    
           
        2024 2023
  £ £ £ £ £
 
At financial year start (1) 30 4,070 4,099 (700)
Charged to profit and loss - (31) 1,285 1,254 4,799
  ───────── ───────── ───────── ───────── ─────────
At financial year end (1) (1) 5,355 5,353 4,099
  ═════════ ═════════ ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
           
10. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
Conlect Holdings Ltd 265,836 265,836 - -
  ═════════ ═════════ ═════════ ═════════
 
The director in Benburb Holdings Ltd is also a director of Conlect Holdings Ltd. During the year, Benburb Holdings Ltd loaned Conlect Holdings Ltd £250,000 and charged interest of £15,836. At the year end Conlect Holdings Ltd owes Benburb Holdings Ltd £265,836 (2023: £0) and this is included in the debtors section of the balance sheet.
 
In the opinion of the director these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms ordinarily offered by the company.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.