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REGISTERED NUMBER: NI668544 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

77 RETAIL 3 LIMITED

77 RETAIL 3 LIMITED (REGISTERED NUMBER: NI668544)

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 3 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: G Johnston
Mrs E Johnston
A Davis
Mrs J Davis





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





REGISTERED NUMBER: NI668544 (Northern Ireland)





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

77 RETAIL 3 LIMITED (REGISTERED NUMBER: NI668544)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 104,253 104,253
Tangible assets 5 180,395 223,560
284,648 327,813

CURRENT ASSETS
Stocks 106,179 118,611
Debtors 6 165,866 125,312
Cash at bank and in hand 140,445 135,908
412,490 379,831
CREDITORS
Amounts falling due within one year 7 484,791 486,030
NET CURRENT LIABILITIES (72,301 ) (106,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,347

221,614

CREDITORS
Amounts falling due after more than one
year

8

111,765

169,692
NET ASSETS 100,582 51,922

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 99,582 50,922
100,582 51,922

77 RETAIL 3 LIMITED (REGISTERED NUMBER: NI668544)

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 3 LIMITED (REGISTERED NUMBER: NI668544)

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


1. STATUTORY INFORMATION

77 Retail 3 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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.

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.

77 RETAIL 3 LIMITED (REGISTERED NUMBER: NI668544)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 104,253
NET BOOK VALUE
At 30 November 2024 104,253
At 30 November 2023 104,253

5. TANGIBLE FIXED ASSETS
Fixtures,
Short Plant and fittings
leasehold machinery & equipment Totals
£    £    £    £   
COST
At 1 December 2023 7,686 31,081 352,617 391,384
Additions - - 892 892
At 30 November 2024 7,686 31,081 353,509 392,276
DEPRECIATION
At 1 December 2023 1,255 13,319 153,250 167,824
Charge for year 480 3,553 40,024 44,057
At 30 November 2024 1,735 16,872 193,274 211,881
NET BOOK VALUE
At 30 November 2024 5,951 14,209 160,235 180,395
At 30 November 2023 6,431 17,762 199,367 223,560

77 RETAIL 3 LIMITED (REGISTERED NUMBER: NI668544)

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


6. DEBTORS
30.11.24 30.11.23
£    £   
Amounts falling due within one year:
Trade debtors 21,882 1,452
Amounts owed by group undertakings 127,248 73,852
Other debtors 14,236 45,008
163,366 120,312

Amounts falling due after more than one year:
Other debtors 2,500 5,000

Aggregate amounts 165,866 125,312

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 30,596
Trade creditors 132,524 134,005
Amounts owed to group undertakings 215,268 209,658
Taxation and social security 40,522 18,981
Other creditors 96,477 92,790
484,791 486,030

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Other creditors 111,765 169,692