IRIS Accounts Production v25.1.3.33 NI636843 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6368432023-11-30NI6368432024-11-30NI6368432023-12-012024-11-30NI6368432022-11-30NI6368432022-12-012023-11-30NI6368432023-11-30NI636843ns15:NorthernIreland2023-12-012024-11-30NI636843ns14:PoundSterling2023-12-012024-11-30NI636843ns10:Director12023-12-012024-11-30NI636843ns10:Director22023-12-012024-11-30NI636843ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30NI636843ns10:SmallEntities2023-12-012024-11-30NI636843ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30NI636843ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30NI636843ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30NI636843ns10:FullAccounts2023-12-012024-11-30NI63684312023-12-012024-11-30NI636843ns10:RegisteredOffice2023-12-012024-11-30NI636843ns5:CurrentFinancialInstruments2024-11-30NI636843ns5:CurrentFinancialInstruments2023-11-30NI636843ns5:Non-currentFinancialInstruments2024-11-30NI636843ns5:Non-currentFinancialInstruments2023-11-30NI636843ns5:ShareCapital2024-11-30NI636843ns5:ShareCapital2023-11-30NI636843ns5:RetainedEarningsAccumulatedLosses2024-11-30NI636843ns5:RetainedEarningsAccumulatedLosses2023-11-30NI636843ns5:NetGoodwill2023-12-012024-11-30NI636843ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-30NI636843ns5:PlantMachinery2023-12-012024-11-30NI636843ns5:NetGoodwill2023-11-30NI636843ns5:NetGoodwill2024-11-30NI636843ns5:NetGoodwill2023-11-30NI636843ns5:PlantMachinery2023-11-30NI636843ns5:PlantMachinery2024-11-30NI636843ns5:PlantMachinery2023-11-30NI636843ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30NI636843ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: NI636843 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

77 RETAIL 2 LIMITED

77 RETAIL 2 LIMITED (REGISTERED NUMBER: NI636843)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


77 RETAIL 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: A Davis
G Johnston





REGISTERED OFFICE: 17 Clarendon Road
Belfast
BT1 3BG





REGISTERED NUMBER: NI636843 (Northern Ireland)





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

77 RETAIL 2 LIMITED (REGISTERED NUMBER: NI636843)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 50,893 86,893
Tangible assets 5 95,892 98,778
146,785 185,671

CURRENT ASSETS
Stocks 92,381 112,954
Debtors 6 116,452 105,484
Cash at bank and in hand 237,184 201,942
446,017 420,380
CREDITORS
Amounts falling due within one year 7 385,763 388,279
NET CURRENT ASSETS 60,254 32,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,039

217,772

CREDITORS
Amounts falling due after more than one
year

8

(12,115

)

(42,115

)

PROVISIONS FOR LIABILITIES (7,726 ) (5,459 )
NET ASSETS 187,198 170,198

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 187,098 170,098
187,198 170,198

77 RETAIL 2 LIMITED (REGISTERED NUMBER: NI636843)

BALANCE SHEET - continued
30 NOVEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 16 June 2025 and were signed on its behalf by:




G Johnston - Director



A Davis - Director


77 RETAIL 2 LIMITED (REGISTERED NUMBER: NI636843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

77 Retail 2 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are 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.
Plant and machinery etc - 20% on reducing balance and 2% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


77 RETAIL 2 LIMITED (REGISTERED NUMBER: NI636843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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 36 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 360,000
AMORTISATION
At 1 December 2023 273,107
Charge for year 36,000
At 30 November 2024 309,107
NET BOOK VALUE
At 30 November 2024 50,893
At 30 November 2023 86,893

77 RETAIL 2 LIMITED (REGISTERED NUMBER: NI636843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 379,450
Additions 17,480
At 30 November 2024 396,930
DEPRECIATION
At 1 December 2023 280,672
Charge for year 20,366
At 30 November 2024 301,038
NET BOOK VALUE
At 30 November 2024 95,892
At 30 November 2023 98,778

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 21,527 8,391
Amounts owed by group undertakings 68,817 86,628
Other debtors 26,108 10,465
116,452 105,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 53,948
Trade creditors 104,949 95,084
Amounts owed to group undertakings 89,762 106,591
Taxation and social security 92,534 45,541
Other creditors 98,518 87,115
385,763 388,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Other creditors 12,115 42,115