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 The principal activity of the company is that of a licensed trade. 24 June 2025 20 39 NI051766 2024-09-30 NI051766 2023-09-30 NI051766 2022-09-30 NI051766 2023-10-01 2024-09-30 NI051766 2022-10-01 2023-09-30 NI051766 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI051766 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI051766 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI051766 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI051766 uk-bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 NI051766 uk-bus:Director2 2023-10-01 2024-09-30 NI051766 uk-bus:CompanySecretary1 2023-10-01 2024-09-30 NI051766 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI051766 uk-bus:Agent1 2023-10-01 2024-09-30 NI051766 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI051766 uk-core:ShareCapital 2024-09-30 NI051766 uk-core:ShareCapital 2023-09-30 NI051766 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI051766 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI051766 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI051766 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI051766 uk-bus:FRS102 2023-10-01 2024-09-30 NI051766 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-01 2024-09-30 NI051766 uk-core:Goodwill 2023-10-01 2024-09-30 NI051766 uk-core:LandBuildings 2023-10-01 2024-09-30 NI051766 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI051766 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI051766 uk-core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 NI051766 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 NI051766 uk-core:Goodwill 2023-09-30 NI051766 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 NI051766 uk-core:Goodwill 2024-09-30 NI051766 uk-core:CurrentFinancialInstruments 2024-09-30 NI051766 uk-core:CurrentFinancialInstruments 2023-09-30 NI051766 uk-core:WithinOneYear 2024-09-30 NI051766 uk-core:WithinOneYear 2023-09-30 NI051766 uk-core:WithinOneYear 2024-09-30 NI051766 uk-core:WithinOneYear 2023-09-30 NI051766 uk-core:WithinOneYear 2024-09-30 NI051766 uk-core:WithinOneYear 2023-09-30 NI051766 uk-core:AfterOneYear 2024-09-30 NI051766 uk-core:AfterOneYear 2023-09-30 NI051766 uk-core:AfterOneYear 2024-09-30 NI051766 uk-core:AfterOneYear 2023-09-30 NI051766 uk-core:BetweenOneTwoYears 2024-09-30 NI051766 uk-core:BetweenOneTwoYears 2023-09-30 NI051766 uk-core:BetweenTwoFiveYears 2024-09-30 NI051766 uk-core:BetweenTwoFiveYears 2023-09-30 NI051766 uk-core:BetweenOneFiveYears 2024-09-30 NI051766 uk-core:BetweenOneFiveYears 2023-09-30 NI051766 uk-core:OtherMiscellaneousReserve 2023-09-30 NI051766 uk-core:OtherMiscellaneousReserve 2023-10-01 2024-09-30 NI051766 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI051766 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI051766 uk-core:OtherDeferredTax 2024-09-30 NI051766 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 NI051766 uk-core:OtherMiscellaneousReserve 2024-09-30 NI051766 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI051766
 
 
Braidview Trading Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024



Braidview Trading Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Eamon Diamond
Eileen Diamond
 
 
Company Secretary Eamon Diamond
 
 
Company Registration Number NI051766
 
 
Registered Office and Business Address 21 Howard Street
Belfast
BT1 5NB
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
 
Bankers Bank of Ireland
  1 Donegal Square
  BT1 5LR
 
   
Solicitors Joseph Donnelly & Co
  6 Callender Street
  Belfast
  BT1 5HX



Braidview Trading Limited

CHARTERED ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of Braidview Trading Limited
for the financial year ended 30 September 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2024 as set out on pages  to 16 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of Braidview Trading Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 30 September 2024 your duty to ensure that Braidview Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Braidview Trading Limited. You consider that Braidview Trading Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Braidview Trading Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
24 June 2025



Braidview Trading Limited
Company Registration Number: NI051766
STATEMENT OF FINANCIAL POSITION
as at 30 September 2024

2024 2023
Notes £ £
 
Non-Current Assets
Intangible assets 4 - 15,000
Property, plant and equipment 5 707,443 848,993
───────── ─────────
Non-Current Assets 707,443 863,993
───────── ─────────
 
Current Assets
Inventories 6 24,522 33,522
Receivables 7 1,143,252 1,444,254
Cash and cash equivalents 5,365 8,283
───────── ─────────
1,173,139 1,486,059
───────── ─────────
Payables: amounts falling due within one year 8 (586,700) (595,210)
───────── ─────────
Net Current Assets 586,439 890,849
───────── ─────────
Total Assets less Current Liabilities 1,293,882 1,754,842
 
Payables:
amounts falling due after more than one year 9 (202,442) (523,060)
 
Provisions for liabilities 11 (14,291) (16,618)
───────── ─────────
Net Assets 1,077,149 1,215,164
═════════ ═════════
 
Equity
Called up share capital 4,502,161 4,502,161
Retained earnings (3,425,012) (3,286,997)
───────── ─────────
Equity attributable to owners of the company 1,077,149 1,215,164
═════════ ═════════
 
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 Income Statement and Directors' 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 directors confirm 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 directors acknowledge their 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 Board and authorised for issue on 24 June 2025 and signed on its behalf by
           
           
________________________________          
Eamon Diamond          
Director          
           



Braidview Trading Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Braidview Trading Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI051766. The registered office of the company is 21 Howard Street, Belfast, BT1 5NB which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. 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 on the going concern basis and 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.
 
Revenue
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Liquor Licences
Liquor Licences are valued at cost less accumulated amortisation.

In accordance with FRS102, amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10 years.  This constitutes a change in accounting policy for this accounting period.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% straight line
  Building Improvements - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
Inventories
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other receivables
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.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
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 payables
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
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 Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 20, (2023 - 39).
 
  2024 2023
  Number Number
 
Employees 20 39
  ═════════ ═════════
         
4. Intangible assets
       
  Liquor Licences Goodwill Total
  £ £ £
Cost
At 1 October 2023 150,000 500,000 650,000
  ───────── ───────── ─────────
 
At 30 September 2024 150,000 500,000 650,000
  ───────── ───────── ─────────
Amortisation
At 1 October 2023 135,000 500,000 635,000
Charge for financial year 15,000 - 15,000
  ───────── ───────── ─────────
At 30 September 2024 150,000 500,000 650,000
  ───────── ───────── ─────────
Carrying amount
At 30 September 2024 - - -
  ═════════ ═════════ ═════════
At 30 September 2023 15,000 - 15,000
  ═════════ ═════════ ═════════
             
5. Property, plant and equipment
  Land and Fixtures, Motor   Total
  buildings fittings and vehicles Building  
  freehold equipment   Improvements  
  £ £ £ £ £
Cost
At 1 October 2023 2,050,000 572,931 110,298 492,808 3,226,037
  ───────── ───────── ───────── ───────── ─────────
 
At 30 September 2024 2,050,000 572,931 110,298 492,808 3,226,037
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 1,517,000 484,410 30,969 344,665 2,377,044
Charge for the financial year 82,000 13,283 11,899 34,368 141,550
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 1,599,000 497,693 42,868 379,033 2,518,594
  ───────── ───────── ───────── ───────── ─────────
Carrying amount
At 30 September 2024 451,000 75,238 67,430 113,775 707,443
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 September 2023 533,000 88,521 79,329 148,143 848,993
  ═════════ ═════════ ═════════ ═════════ ═════════
           
5.1. Property, plant and equipment continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2024   2023  
  Carrying Depreciation Carrying Depreciation
  amount charge amount charge
  £ £ £ £
 
Motor vehicles 54,814 9,673 64,487 11,380
  ═════════ ═════════ ═════════ ═════════
       
6. Inventories 2024 2023
  £ £
 
Finished goods and goods for resale 24,522 33,522
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Receivables 2024 2023
  £ £
 
Amounts owed by connected parties (Note 12) 782,666 1,208,302
Other debtors 4,211 4,211
Prepayments and accrued income 356,375 231,741
  ───────── ─────────
  1,143,252 1,444,254
  ═════════ ═════════
       
8. Payables 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 5 36,812
Bank loan 120,000 120,000
Other Loans 102,001 102,001
Net obligations under finance leases
and hire purchase contracts 13,118 13,118
Trade payables 116,911 80,672
Taxation  (Note 10) 47,209 54,984
Directors' current accounts 3,575 3,774
Other creditors 6,557 6,525
Accruals 177,324 177,324
  ───────── ─────────
  586,700 595,210
  ═════════ ═════════
 
Securities

Registration of Mortgage 22/09/2006

Charge code NI05 1766 0005- Charge created on 16/07/2021-  due from Braidview Trading Limited to the Bank of Ireland.

Debenture dated 16/02/2006.  Securing all moneys now due, or hereafter to become due, or from time to time accruing due from Braidview Trading Limited to the Bank of Ireland.

Inter Company Cross Guarantee 16/02/2006.  Amount unlimited from Chester Park Inns Limited/Bangor Marine Court Hotel Limited/Braidview Trading Limited

Inter Company Cross Guarantee18/09/2012 and Charge Over Licenses.  Amount unlimited from Dukes Belfast LLP/ Chester Park Inns Limited/ Bangor Marine Court Hotel Limited/ Braidview Trading Limited/ Bangor Inns LLP
 
Within Other Loans, Braidview Trading Limited owed an amount to Tennents NI Limited.  This loan is an Advance Discount Trading Agreement whereby repayment is made via discount received on purchases from Tennents NI Limited.  The loan balance owing at the year end is based on the funds advanced net of discounts received to date.

In accordance with the loan agreement the following are listed as security documents;

First mortgage/charge over The Chester and the intoxicating liquor license attaching thereto

Insurance policy for the Chester with Tennent‘s named as co-insured or sole loss payee.

Personal guarantees from Eamon Daniel Diamond and Eileen Diamond, recourse under which to be limited to enforcement of the mortgage/charge over The Chester.

Deed of postponement in relation to all intercompany/LLP loans and director/member loans.
       
9. Payables 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 70,000 340,000
Finance leases and hire purchase contracts 49,379 62,497
Other loans 83,063 120,563
  ───────── ─────────
  202,442 523,060
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 222,006 258,813
Repayable between one and two years 70,000 120,000
Repayable between two and five years - 220,000
  ───────── ─────────
  292,006 598,813
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 13,118 13,118
Repayable between one and five years 49,379 62,497
  ───────── ─────────
  62,497 75,615
  ═════════ ═════════
       
10. Taxation 2024 2023
  £ £
 
Payables:
VAT 16,541 24,128
Corporation tax 3,411 6,563
PAYE / NI 27,257 24,293
  ───────── ─────────
  47,209 54,984
  ═════════ ═════════
         
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 16,618 16,618 15,227
Charged to profit and loss (2,327) (2,327) 1,391
  ───────── ───────── ─────────
At financial year end 14,291 14,291 16,618
  ═════════ ═════════ ═════════
           
12. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
Chester Park Inns Ltd 560,091 23,526 536,565 561,940
Bangor Marine Court Hotel Ltd 222,575 (449,162) 671,737 671,737
  ───────── ───────── ───────── ═════════
  782,666 (425,636) 1,208,302  
  ═════════ ═════════ ═════════  
 
Bangor Marine Court Hotel Ltd

Eamon and Eileen Diamond are directors and shareholders of Braidview Trading Ltd and Bangor Marine Court Hotel Ltd. At the 1 October 2023, Bangor Marine Court Hotel Ltd owed Braidview Trading Ltd £671,737. During the year net payments made by Braidview Trading Ltd to Bangor Marine Court Hotel Ltd and inter entity transfers totalled £449,162 leaving a closing debtor balance of £222,575 at 30 September 2024.

Chester Park Inns Ltd

Eamon and Eileen Diamond are directors and shareholders of Braidview Trading Ltd and Chester Park Inns Ltd. At the 1 October 2023 Chester Park Inns Limited owed Braidview Trading Ltd £536,565. During the year, net transactions between Chester Park Inns Ltd and Braidview Trading Ltd totalled £23,526 leaving a closing debtor balance of £560,091 at 30 September 2024.