IRIS Accounts Production v25.1.4.42 NI068324 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0683242023-06-30NI0683242024-06-30NI0683242023-07-012024-06-30NI0683242022-06-30NI0683242022-07-012023-06-30NI0683242023-06-30NI068324ns15:NorthernIreland2023-07-012024-06-30NI068324ns14:PoundSterling2023-07-012024-06-30NI068324ns10:Director12023-07-012024-06-30NI068324ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30NI068324ns10:SmallEntities2023-07-012024-06-30NI068324ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30NI068324ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30NI068324ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30NI068324ns10:AbridgedAccounts2023-07-012024-06-30NI06832412023-07-012024-06-30NI068324ns10:Director22023-07-012024-06-30NI068324ns10:CompanySecretary12023-07-012024-06-30NI068324ns10:RegisteredOffice2023-07-012024-06-30NI068324ns5:CurrentFinancialInstruments2024-06-30NI068324ns5:CurrentFinancialInstruments2023-06-30NI068324ns5:Non-currentFinancialInstruments2024-06-30NI068324ns5:Non-currentFinancialInstruments2023-06-30NI068324ns5:ShareCapital2024-06-30NI068324ns5:ShareCapital2023-06-30NI068324ns5:RetainedEarningsAccumulatedLosses2024-06-30NI068324ns5:RetainedEarningsAccumulatedLosses2023-06-30NI068324ns5:NetGoodwill2023-07-012024-06-30NI068324ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30NI068324ns5:Secured2024-06-30NI068324ns5:Secured2023-06-30
REGISTERED NUMBER: NI068324 (Northern Ireland)















Financial Statements for the Year Ended 30 June 2024

for

G.F. O'Brien (NI) Limited

G.F. O'Brien (NI) Limited (Registered number: NI068324)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


G.F. O'Brien (NI) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A A W O'Brien
G F O'Brien





SECRETARY: A A W O'Brien





REGISTERED OFFICE: 8 Union Street
Cookstown
County Derry
BT80 8NN





REGISTERED NUMBER: NI068324 (Northern Ireland)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

G.F. O'Brien (NI) Limited (Registered number: NI068324)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 886,049 886,049
886,049 886,049

CURRENT ASSETS
Debtors 360,916 348,168
Cash at bank 11,890 10,490
372,806 358,658
CREDITORS
Amounts falling due within one year 2,047,863 2,751,560
NET CURRENT LIABILITIES (1,675,057 ) (2,392,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(789,008

)

(1,506,853

)

CREDITORS
Amounts falling due after more than one
year

850,066

1,218,333
NET LIABILITIES (1,639,074 ) (2,725,186 )

CAPITAL AND RESERVES
Called up share capital 1,214,522 2
Retained earnings (2,853,596 ) (2,725,188 )
SHAREHOLDERS' FUNDS (1,639,074 ) (2,725,186 )

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 June 2025 and were signed on its behalf by:



A A W O'Brien - Director


G.F. O'Brien (NI) Limited (Registered number: NI068324)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

G.F. O'Brien (NI) 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about G.F. O'Brien (NI) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Goodwill
Goodwill, being the amounts paid in connection with the purchases of businesses in 2017, has been amortised over its expected useful life of five 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

G.F. O'Brien (NI) Limited (Registered number: NI068324)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 2,604,170
AMORTISATION
At 1 July 2023
and 30 June 2024 2,604,170
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 886,049
NET BOOK VALUE
At 30 June 2024 886,049
At 30 June 2023 886,049

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,331,666 1,388,333

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in creditors are loans of £315 (2023: £1,425) owed to companies outside the group and related by common control.
Included in debtors are loans of £100,175 (2023: £85,627) owed by companies outside the group and related by common control.
Included in creditors at the balance sheet date are loans made by the directors to the company of £1,400 (2023: £1,214,520).
The loans are interest free and repayable on demand.
During the year a loan from the director of £1,214,520 was converted to 1,214,520 preference shares of £1 each.

8. PREFERENCE SHARES

The company issued 1,214,520 non-cumulative, non-redeemable, non-convertible preference shares of £1 each during the year. The shares are classified as equity in accordance with FRS 102, as the company has no contractual obligation to repay the principal or dividends.