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 the provision of restaurant, hotel, recreation and related services. 24 June 2025 22 22 NI038323 2024-09-30 NI038323 2023-09-30 NI038323 2022-09-30 NI038323 2023-10-01 2024-09-30 NI038323 2022-10-01 2023-09-30 NI038323 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI038323 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI038323 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI038323 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI038323 uk-bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 NI038323 uk-bus:Director2 2023-10-01 2024-09-30 NI038323 uk-bus:CompanySecretary1 2023-10-01 2024-09-30 NI038323 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI038323 uk-bus:Agent1 2023-10-01 2024-09-30 NI038323 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI038323 uk-core:ShareCapital 2024-09-30 NI038323 uk-core:ShareCapital 2023-09-30 NI038323 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI038323 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI038323 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI038323 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI038323 uk-bus:FRS102 2023-10-01 2024-09-30 NI038323 uk-core:Buildings 2023-10-01 2024-09-30 NI038323 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI038323 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI038323 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI038323 uk-core:CostValuation 2023-09-30 NI038323 uk-core:AdditionsToInvestments 2023-09-30 NI038323 uk-core:AdditionsToInvestments 2024-09-30 NI038323 uk-core:DisposalsRepaymentsInvestments 2024-09-30 NI038323 uk-core:CostValuation 2024-09-30 NI038323 uk-core:CurrentFinancialInstruments 2024-09-30 NI038323 uk-core:CurrentFinancialInstruments 2023-09-30 NI038323 uk-core:WithinOneYear 2024-09-30 NI038323 uk-core:WithinOneYear 2023-09-30 NI038323 uk-core:WithinOneYear 2024-09-30 NI038323 uk-core:WithinOneYear 2023-09-30 NI038323 uk-core:AfterOneYear 2024-09-30 NI038323 uk-core:AfterOneYear 2023-09-30 NI038323 uk-core:WithinOneYear 2024-09-30 NI038323 uk-core:WithinOneYear 2023-09-30 NI038323 uk-core:BetweenOneTwoYears 2024-09-30 NI038323 uk-core:BetweenOneTwoYears 2023-09-30 NI038323 uk-core:BetweenTwoFiveYears 2024-09-30 NI038323 uk-core:BetweenTwoFiveYears 2023-09-30 NI038323 uk-core:BetweenOneFiveYears 2024-09-30 NI038323 uk-core:BetweenOneFiveYears 2023-09-30 NI038323 uk-core:OtherMiscellaneousReserve 2023-09-30 NI038323 uk-core:OtherMiscellaneousReserve 2023-10-01 2024-09-30 NI038323 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI038323 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI038323 uk-core:OtherDeferredTax 2024-09-30 NI038323 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 NI038323 uk-core:OtherMiscellaneousReserve 2024-09-30 NI038323 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI038323
 
 
Bangor Marine Court Hotel Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024



Bangor Marine Court Hotel Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Eamon Diamond
Eileen Diamond
 
 
Company Secretary Eamon Diamond
 
 
Company Registration Number NI038323
 
 
Registered Office Bangor Marine Court Hotel
The Marina
Bangor
BT20 5ED
 
 
Business Address 21 Howard Street
Belfast
BT1 6NB
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Belfast
BT1 1PG
 
 
Bankers Bank of Ireland
  1 Donegal Square
  BT1 5LR
 
   
Solicitors Joseph Donnelly & Co
  6 Callender Street
  Belfast
  BT1 5HX



Bangor Marine Court Hotel Limited

CHARTERED ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of Bangor Marine Court Hotel 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 14 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 Bangor Marine Court Hotel 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 and have complied with the relevant ethical guidance laid down by 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 Bangor Marine Court Hotel 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 profit of Bangor Marine Court Hotel Limited. You consider that Bangor Marine Court Hotel 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 Bangor Marine Court Hotel 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
Belfast
BT1 1PG
 
24 June 2025



Bangor Marine Court Hotel Limited
Company Registration Number: NI038323
STATEMENT OF FINANCIAL POSITION
as at 30 September 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 474,620 460,394
Financial assets 5 1,611,049 1,727,274
───────── ─────────
Non-Current Assets 2,085,669 2,187,668
───────── ─────────
 
Current Assets
Inventories 6 1,645 1,500
Receivables 7 290,548 291,226
Cash and cash equivalents 35,678 84,436
───────── ─────────
327,871 377,162
───────── ─────────
Payables: amounts falling due within one year 8 (1,943,960) (2,434,430)
───────── ─────────
Net Current Liabilities (1,616,089) (2,057,268)
───────── ─────────
Total Assets less Current Liabilities 469,580 130,400
 
Payables:
amounts falling due after more than one year 9 (65,573) (26,392)
 
Provisions for liabilities 11 (10,411) (7,932)
───────── ─────────
Net Assets 393,596 96,076
═════════ ═════════
 
Equity
Called up share capital 2 2
Retained earnings 393,594 96,074
───────── ─────────
Equity attributable to owners of the company 393,596 96,076
═════════ ═════════
 
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          
           



Bangor Marine Court Hotel Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Bangor Marine Court Hotel Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI038323. The registered office of the company is Bangor Marine Court Hotel, The Marina, Bangor, BT20 5ED. 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.
 
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:
 
  Short leasehold property - 5% Reducing Balance
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 15% Reducing Balance
 
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.
 
Financial assets
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 Income Statement in the year in which it is receivable.
 
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.
 
Exceptional item
Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 22, (2023 - 22).
 
  2024 2023
  Number Number
 
All 22 22
  ═════════ ═════════
             
4. Property, plant and equipment
  Short Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 October 2023 315,337 528,232 1,194,513 78,317 2,116,399
Additions - 1,467 12,760 62,981 77,208
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 315,337 529,699 1,207,273 141,298 2,193,607
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 61,597 478,824 1,103,836 11,748 1,656,005
Charge for the financial year 12,687 10,175 20,687 19,433 62,982
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 74,284 488,999 1,124,523 31,181 1,718,987
  ───────── ───────── ───────── ───────── ─────────
Carrying amount
At 30 September 2024 241,053 40,700 82,750 110,117 474,620
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 September 2023 253,740 49,408 90,677 66,569 460,394
  ═════════ ═════════ ═════════ ═════════ ═════════
           
4.1. 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 53,534 9,447 - -
  ═════════ ═════════ ═════════ ═════════
       
5. Financial fixed assets
  Other Total
  investments  
     
Investments £ £
Cost
At 1 October 2023 1,727,274 1,727,274
Additions 10,989 10,989
Disposals (127,214) (127,214)
  ───────── ─────────
At 30 September 2024 1,611,049 1,611,049
  ───────── ─────────
Carrying amount
At 30 September 2024 1,611,049 1,611,049
  ═════════ ═════════
At 30 September 2023 1,727,274 1,727,274
  ═════════ ═════════
       
6. Inventories 2024 2023
  £ £
 
Finished goods and goods for resale 1,645 1,500
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Receivables 2024 2023
  £ £
 
Trade receivables - 1,461
Prepayments and accrued income 290,548 289,765
  ───────── ─────────
  290,548 291,226
  ═════════ ═════════
       
8. Payables 2024 2023
Amounts falling due within one year £ £
 
Trade Loans 24,000 24,000
Net obligations under finance leases
and hire purchase contracts 16,800 -
Trade payables 50,703 138,087
Amounts owed to connected parties (Note 12) 1,222,025 1,681,067
Taxation  (Note 10) 189,097 199,377
Directors' current accounts 5,404 29,890
Other creditors 6,754 10,332
Accruals 429,177 351,677
  ───────── ─────────
  1,943,960 2,434,430
  ═════════ ═════════
 
Securities

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

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

Inter Company Cross Guarantee dated 18/09/2012 and Charge Over Licenses.  Amount unlimited from Dukes Belfast LLP/Chester Park Inns Limited/Bangor Marine Court Hotel Limited/Braidview Trading Limited.

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

Insurance policy for The Chester with Tennents named as co-insured or sole loss payee,

Personal guarantees from Eamon Diamond and Eileen Diamond, recourse under which to be limited to enforcement of the mortgage/chargeover 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 £ £
 
Trade Loans 26,392 26,392
Finance leases and hire purchase contracts 39,181 -
  ───────── ─────────
  65,573 26,392
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 24,000 24,000
Repayable between one and two years 24,000 24,000
Repayable between two and five years 2,392 2,392
  ───────── ─────────
  50,392 50,392
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 16,800 -
Repayable between one and five years 39,181 -
  ───────── ─────────
  55,981 -
  ═════════ ═════════
       
10. Taxation 2024 2023
  £ £
 
Payables:
VAT 31,143 47,764
Corporation tax 156,085 146,804
PAYE / NI 1,869 4,809
  ───────── ─────────
  189,097 199,377
  ═════════ ═════════
         
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 7,932 7,932 19,671
Charged to profit and loss 2,479 2,479 (11,739)
  ───────── ───────── ─────────
At financial year end 10,411 10,411 7,932
  ═════════ ═════════ ═════════
           
12. Related party transactions
 
The following amounts are due to other connected parties:
      2024 2023
      £ £
 
Chester Park Inns Limited     999,450 1,009,330
Braidview Trading Limited     222,575 671,737
      ───────── ─────────
      1,222,025 1,681,067
      ═════════ ═════════
 
Chester Park Inns Limited

Eamon and Eileen Diamond are directors and shareholders of Chester Park Inns Limited and Bangor Marine Court Hotel Limited. At the 1 October 2023 Bangor Marine Court Hotel Limited owed Chester Park Inns Limited £1,009,330. During the year net transactions between the two entities totalled £9,880, leaving a closing amount payable by Bangor Marine Court Hotel Limited of £999,450 at 30 September 2024.


Braidview Trading Limited

Eamon and Eileen Diamond are directors and shareholders of Braidview Trading Limited and Bangor Marine Court Hotel Limited. At the 1 October 2023 Bangor Marine Court Hotel Ltd owed Braidview Trading Limited £671,737. During the year net transactions between the two entities totalled £449,162 leaving a closing balance of £222,575 payable by Bangor Marine Court Hotel Limited at 30 September 2024.


Dukes Belfast LLP

Bangor Marine Court Hotel Limited is a member of Dukes Belfast LLP. At the 1 October 2023 Bangor Marine Court Hotel Limited had a capital account balance of £1,727,274 in Dukes Belfast LLP. During the year net transactions between the two entities totalled £127,214. In addition to this Bangor Marine Court Hotel Limited was assigned a Profit of £10,989 from Dukes Belfast LLP leaving a closing balance of £1,611,049 as at 30 September 2024.