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COMPANY REGISTRATION NUMBER: NI041277
Bow Street Mall Limited
Filleted Unaudited Financial Statements
31 March 2025
Bow Street Mall Limited
Financial Statements
Year ended 31 March 2025
Contents
Pages
Officers and professional advisers
1
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4 to 5
Bow Street Mall Limited
Officers and Professional Advisers
Director
Mr P A McCormack
Registered office
Aisling House
50 Stranmillis Embankment
Belfast
BT9 5FL
Accountants
Maneely Mc Cann Chartered Accountants
Chartered Accountants
Aisling House
50 Stranmillis Embankment
Belfast
BT9 5FL
Bankers
Bank of Ireland
7 Donegall Square North
Belfast
BT1 5LU
Solicitors
Mills Selig
21 Arthur Street
Belfast
BT1 4GA
Dickson Minto W.S
16 Charlotte Square
Edinburgh
EH2 4DF
Bow Street Mall Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Bow Street Mall Limited
Year ended 31 March 2025
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Maneely Mc Cann Chartered Accountants Chartered Accountants
Aisling House 50 Stranmillis Embankment Belfast BT9 5FL
11 July 2025
Bow Street Mall Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Current assets
Debtors
4
51,013
51,013
Creditors: amounts falling due within one year
5
40,445,532
40,445,532
-------------
-------------
Net current liabilities
40,394,519
40,394,519
-------------
-------------
Total assets less current liabilities
( 40,394,519)
( 40,394,519)
-------------
-------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 40,394,521)
( 40,394,521)
-------------
-------------
Shareholders deficit
( 40,394,519)
( 40,394,519)
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 July 2025 , and are signed on behalf of the board by:
Mr P A McCormack
Director
Company registration number: NI041277
Bow Street Mall Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a break up basis as the director is of the opinion that the company is no longer trading as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
Corporation tax is calculated on the results for the year. Tax deferred as a result of timing differences between accounting and taxation profits is provided for in full in respect of deferred tax liabilities. Such provision or recognition is made at the taxation rates at which the differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax assets are recognised to the extent that they are regarded as recoverable. Tax losses are surrendered between group companies for no consideration. Tax arising on the sale of revalued assets is allocated on a pro rata basis between the gain reported in the Profit & Loss Account and the revaluation gain reported previously in the Statement of Total Recognised Gains and Losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2025
2024
£
£
Trade debtors
51,013
51,013
--------
--------
5. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
40,445,532
40,445,532
-------------
-------------
6. Related party transactions
Control The company is a wholly owned subsidiary of Donegall Place Investments Limited a company incorporated in Northern Ireland. Donegall Place Invest Limited a company incorporated in Northern Ireland owns the entire share capital of Donegall Place Investments Limited. Mr PA McCormack owns the entire share capital in Donegall Place Invest Limited and as such is the ultimate controlling party. Transactions The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures.
7. Ultimate parent undertaking
The company's ultimate parent undertaking is Donegall Place Invest Limited.