IRIS Accounts Production v25.1.3.33 NI685906 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:kWhNI6859062023-11-30NI6859062024-11-30NI6859062023-12-012024-11-30NI6859062022-11-30NI6859062022-12-012023-11-30NI6859062023-11-30NI685906ns15:NorthernIreland2023-12-012024-11-30NI685906ns14:PoundSterling2023-12-012024-11-30NI685906ns10:Director12023-12-012024-11-30NI685906ns10:Director22023-12-012024-11-30NI685906ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30NI685906ns10:SmallEntities2023-12-012024-11-30NI685906ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30NI685906ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30NI685906ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30NI685906ns10:FullAccounts2023-12-012024-11-30NI68590612023-12-012024-11-30NI685906ns10:RegisteredOffice2023-12-012024-11-30NI685906ns5:CurrentFinancialInstruments2024-11-30NI685906ns5:CurrentFinancialInstruments2023-11-30NI685906ns5:Non-currentFinancialInstruments2024-11-30NI685906ns5:Non-currentFinancialInstruments2023-11-30NI685906ns5:ShareCapital2024-11-30NI685906ns5:ShareCapital2023-11-30NI685906ns5:RetainedEarningsAccumulatedLosses2024-11-30NI685906ns5:RetainedEarningsAccumulatedLosses2023-11-30NI685906ns5:NetGoodwill2023-12-012024-11-30NI685906ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-30NI685906ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-012024-11-30NI685906ns5:NetGoodwill2023-11-30NI685906ns5:IntangibleAssetsOtherThanGoodwill2023-11-30NI685906ns5:NetGoodwill2024-11-30NI685906ns5:IntangibleAssetsOtherThanGoodwill2024-11-30NI685906ns5:NetGoodwill2023-11-30NI685906ns5:IntangibleAssetsOtherThanGoodwill2023-11-30NI685906ns5:LandBuildings2023-11-30NI685906ns5:PlantMachinery2023-11-30NI685906ns5:LandBuildings2023-12-012024-11-30NI685906ns5:PlantMachinery2023-12-012024-11-30NI685906ns5:LandBuildings2024-11-30NI685906ns5:PlantMachinery2024-11-30NI685906ns5:LandBuildings2023-11-30NI685906ns5:PlantMachinery2023-11-30NI685906ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30NI685906ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: NI685906 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

77 RETAIL CADOGAN LIMITED

77 RETAIL CADOGAN LIMITED (REGISTERED NUMBER: NI685906)

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 7


77 RETAIL CADOGAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: G Johnston
A Davis





REGISTERED OFFICE: 17 Clarendon Road
Belfast
BT1 3BG





REGISTERED NUMBER: NI685906 (Northern Ireland)





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

77 RETAIL CADOGAN LIMITED (REGISTERED NUMBER: NI685906)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 20,806 30,806
Tangible assets 5 118,954 84,637
139,760 115,443

CURRENT ASSETS
Stocks 70,476 65,238
Debtors 6 274,542 179,156
Cash at bank and in hand 130,482 177,171
475,500 421,565
CREDITORS
Amounts falling due within one year 7 356,428 323,852
NET CURRENT ASSETS 119,072 97,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,832

213,156

CREDITORS
Amounts falling due after more than one
year

8

(22,824

)

(62,380

)

PROVISIONS FOR LIABILITIES (26,555 ) (21,159 )
NET ASSETS 209,453 129,617

CAPITAL AND RESERVES
Called up share capital 32,971 32,971
Retained earnings 176,482 96,646
209,453 129,617

77 RETAIL CADOGAN LIMITED (REGISTERED NUMBER: NI685906)

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 CADOGAN LIMITED (REGISTERED NUMBER: NI685906)

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


1. STATUTORY INFORMATION

77 Retail Cadogan 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.

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

Establish whether there are indicators of impairment of goodwill and the company's tangible 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.

Consider the valuation of stock and the requirement for write down provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, and knowledge of the sector. Stock identified as impaired will be written down in value in the relevant period.

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

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 2022, is being amortised evenly over its estimated useful life of three 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.

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.

77 RETAIL CADOGAN LIMITED (REGISTERED NUMBER: NI685906)

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

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 20 (2023 - 20 ) .

77 RETAIL CADOGAN LIMITED (REGISTERED NUMBER: NI685906)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 32,493 10,806 43,299
AMORTISATION
At 1 December 2023 12,493 - 12,493
Charge for year 10,000 - 10,000
At 30 November 2024 22,493 - 22,493
NET BOOK VALUE
At 30 November 2024 10,000 10,806 20,806
At 30 November 2023 20,000 10,806 30,806

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 1,858 103,340 105,198
Additions - 60,923 60,923
At 30 November 2024 1,858 164,263 166,121
DEPRECIATION
At 1 December 2023 1,858 18,703 20,561
Charge for year - 26,606 26,606
At 30 November 2024 1,858 45,309 47,167
NET BOOK VALUE
At 30 November 2024 - 118,954 118,954
At 30 November 2023 - 84,637 84,637

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 13,991 6,022
Amounts owed by group undertakings 228,901 145,763
Other debtors 31,650 27,371
274,542 179,156

77 RETAIL CADOGAN LIMITED (REGISTERED NUMBER: NI685906)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 22,605
Trade creditors 92,045 60,994
Amounts owed to group undertakings 156,556 130,329
Taxation and social security 37,635 32,971
Other creditors 70,192 76,953
356,428 323,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Other creditors 22,824 62,380

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Henderson Wholesale Limited - 73,269

Henderson Wholesale Limited hold a fixed and floating charge over all property and undertaking of the company.

Danske Bank hold a fixed and floating charge on all estates or interests in any freehold and leasehold property (present and future) of 77 Retail Cadogan Limited and related companies 77 Retail Ballybeen Limited and 77 Retail Ballynure Limited

10. CONTROLLING PARTY

The company is a wholly owned subsidiary of its immediate parent undertaking 77 Retail Cadogan Holdings Limited, a company registered in Northern Ireland.