REGISTERED NUMBER: NI626194 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bush Hospitality Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N A Cassidy

REGISTERED OFFICE:

14-20 Tempo Road

Enniskillen

Fermanagh

BT74 6HR

REGISTERED NUMBER:

NI626194 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

FIXED ASSETS

Intangible assets

4

160,936

167,299

Tangible assets

5

86,018

574,916

246,954

742,215

CURRENT ASSETS

Stocks

20,469

23,648

Debtors

6

767,639

253,955

Cash at bank and in hand

240,846

299,964

1,028,954

577,567

CREDITORS

Amounts falling due within one year

7

613,449

654,735

NET CURRENT ASSETS/(LIABILITIES)

415,505

(77,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

662,459

665,047

CREDITORS

Amounts falling due after more than one year

8

-

142,700

NET ASSETS

662,459

522,347

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

238,990

238,990

Retained earnings

423,369

283,257

662,459

522,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2025 and were signed by:

Mr N A Cassidy - Director

1.	STATUTORY INFORMATION

Bush Hospitality Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

122,368

100,000

222,368

AMORTISATION

At 1 January 2024

55,069

-

55,069

Charge for year

6,363

-

6,363

At 31 December 2024

61,432

-

61,432

NET BOOK VALUE

At 31 December 2024

60,936

100,000

160,936

At 31 December 2023

67,299

100,000

167,299

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

598,145

306,735

904,880

Additions

-

25,919

25,919

Disposals

(598,145

)

-

(598,145

)

At 31 December 2024

-

332,654

332,654

DEPRECIATION

At 1 January 2024

104,832

225,132

329,964

Charge for year

-

21,504

21,504

Eliminated on disposal

(104,832

)

-

(104,832

)

At 31 December 2024

-

246,636

246,636

NET BOOK VALUE

At 31 December 2024

-

86,018

86,018

At 31 December 2023

493,313

81,603

574,916

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

406,924

52,400

Amounts owed by related parties

337,003

174,780

Other debtors

23,712

26,775

767,639

253,955

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

180,875

112,354

Amounts owed to group undertakings

257,376

167,237

Amounts owed to related parties

12,657

15,388

Taxation and social security

49,820

145,243

Other creditors

112,721

214,513

613,449

654,735

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

-

142,700