IRIS Accounts Production v25.1.4.42 NI031019 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0310192023-09-30NI0310192024-09-30NI0310192023-10-012024-09-30NI0310192022-09-30NI0310192022-10-012023-09-30NI0310192023-09-30NI031019ns15:NorthernIreland2023-10-012024-09-30NI031019ns14:PoundSterling2023-10-012024-09-30NI031019ns10:Director12023-10-012024-09-30NI031019ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30NI031019ns10:SmallEntities2023-10-012024-09-30NI031019ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30NI031019ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30NI031019ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30NI031019ns10:FullAccounts2023-10-012024-09-30NI03101912023-10-012024-09-30NI031019ns10:Director22023-10-012024-09-30NI031019ns10:RegisteredOffice2023-10-012024-09-30NI031019ns5:CurrentFinancialInstruments2024-09-30NI031019ns5:CurrentFinancialInstruments2023-09-30NI031019ns5:ShareCapital2024-09-30NI031019ns5:ShareCapital2023-09-30NI031019ns5:RetainedEarningsAccumulatedLosses2024-09-30NI031019ns5:RetainedEarningsAccumulatedLosses2023-09-30NI031019ns5:NetGoodwill2023-10-012024-09-30NI031019ns5:FurnitureFittings2023-10-012024-09-30NI031019ns5:NetGoodwill2023-09-30NI031019ns5:NetGoodwill2024-09-30NI031019ns5:NetGoodwill2023-09-30NI031019ns5:FurnitureFittings2023-09-30NI031019ns5:FurnitureFittings2024-09-30NI031019ns5:FurnitureFittings2023-09-30NI031019ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30NI031019ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30NI031019ns5:CurrentFinancialInstruments2023-10-012024-09-30
REGISTERED NUMBER: NI031019 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BLAKES OF THE HOLLOW LIMITED

BLAKES OF THE HOLLOW LIMITED (REGISTERED NUMBER: NI031019)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


BLAKES OF THE HOLLOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Patrick Blake
Bernadette Ann Blake



REGISTERED OFFICE: 136 Main Street
Derrylin
Co. Fermanagh
BT92 9LA



REGISTERED NUMBER: NI031019 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
Chartered Certified Accountants
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



BANKERS: Bank of Ireland
7 Townhall Street
Enniskillen
Co. Fermanagh
BT74 7DB

BLAKES OF THE HOLLOW LIMITED (REGISTERED NUMBER: NI031019)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,590 45,622
37,590 45,622

CURRENT ASSETS
Stocks 449,550 355,250
Debtors 6 27,285 22,459
Investments 7 124,300 127,385
Cash at bank and in hand 178,171 126,811
779,306 631,905
CREDITORS
Amounts falling due within one year 8 405,650 234,614
NET CURRENT ASSETS 373,656 397,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,246

442,913

PROVISIONS FOR LIABILITIES 9,398 11,406
NET ASSETS 401,848 431,507

CAPITAL AND RESERVES
Called up share capital 320,000 320,000
Retained earnings 81,848 111,507
SHAREHOLDERS' FUNDS 401,848 431,507

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

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

BLAKES OF THE HOLLOW LIMITED (REGISTERED NUMBER: NI031019)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 27 June 2025 and were signed on its behalf by:





Patrick Blake - Director


BLAKES OF THE HOLLOW LIMITED (REGISTERED NUMBER: NI031019)

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


1. STATUTORY INFORMATION

Blakes Of The Hollow 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:

Determination as to whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration include the economic viability and expected future financial performance of the assets and the business in general.

The directors also consider the depreciation rate on an annual basis to ensure this estimate remains reasonable.

Consideration of the age and condition of stock and the need for any impairment provisions. These considerations are undertaken by directors at regular intervals, especially at the year end date. Factors taken into consideration include the period of ownership of the stock, market demand and historical experience. Stock identified as impaired will be provided against in the relevant period.

Determination as to whether there are indicators of impairment of the company's current asset investment. Factors taken into consideration include the expected future financial performance of the asset.

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 is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separate net assets. Goodwill is being amortised through the profit and loss account over the directors' estimate of its estimated economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BLAKES OF THE HOLLOW LIMITED (REGISTERED NUMBER: NI031019)

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing market price.The Income Statement includes the net gains and losses arising on revaluation and disposals throughout the year.

BLAKES OF THE HOLLOW LIMITED (REGISTERED NUMBER: NI031019)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 255,000
AMORTISATION
At 1 October 2023
and 30 September 2024 255,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipmen
£   
COST
At 1 October 2023
and 30 September 2024 1,148,852
DEPRECIATION
At 1 October 2023 1,103,230
Charge for year 8,032
At 30 September 2024 1,111,262
NET BOOK VALUE
At 30 September 2024 37,590
At 30 September 2023 45,622

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 27,285 22,459

7. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Listed investments 124,300 127,385

BLAKES OF THE HOLLOW LIMITED (REGISTERED NUMBER: NI031019)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 193 272
Trade creditors 93,475 35,458
Taxation and social security 63,921 47,331
Other creditors 248,061 151,553
405,650 234,614

Included in other creditors is an amount of £94,914 (2023: £5,702) in relation to directors current account. This amount is unsecured, interest free and repayable on demand.