Kirk Bryson (Northern) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10139801

Kirk Bryson (Northern) Limited

Filleted Financial Statements

31 December 2024

Kirk Bryson (Northern) Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Kirk Bryson (Northern) Limited

Officers and Professional Advisers

The board of directors	Mr M Herbert
	Mr JA Carlisle

Registered office	C/O DWF LLP
	1 Scott Place
	2 Hardman Street
	Manchester
	England
	M3 3AA

Auditor	Maneely Mc Cann Chartered Accountants
	Chartered accountants & statutory auditor
	Aisling House
	50 Stranmillis Embankment
	Belfast
	BT9 5FL

Bankers	Danske Bank
	Donegall Square West
	Belfast
	BT1 6JS

	Ulster Bank Limited
	11-16 Donegall Square East
	Belfast
	BT1 5UB

Solicitors	DWF (Northern Ireland) LLP
	Jefferson House
	42 Queen Street
	Belfast
	BT1 6HL

Kirk Bryson (Northern) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	4	10,445,292	10,462,448
Cash at bank and in hand		8,915	8,969
		-------------	-------------
		10,454,207	10,471,417

Creditors: amounts falling due within one year	5	113,417	87,035
		-------------	-------------
Net current assets		10,340,790	10,384,382
		-------------	-------------
Total assets less current liabilities		10,340,790	10,384,382

Creditors: amounts falling due after more than one year	6	1,919,137	1,926,099
		-------------	-------------
Net assets		8,421,653	8,458,283
		-------------	-------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	8,421,553	8,458,183
	------------	------------
Shareholders funds	8,421,653	8,458,283
	------------	------------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 23 April 2025 , and are signed on behalf of the board by:

Mr JA Carlisle

Director

Company registration number: 10139801

Kirk Bryson (Northern) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is C/O DWF LLP, 1 Scott Place, 2 Hardman Street, Manchester, M3 3AA, England.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	2024	2023
	£	£
Trade debtors	–	5,310
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10,423,866	10,393,130
Other debtors	21,426	64,008
	-------------	-------------
	10,445,292	10,462,448
	-------------	-------------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10,423,866	10,393,130
	-------------	-------------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	22,851	72,192
Accruals and deferred income	1,500	11,300
Corporation tax	89,023	3,543
Other creditors	43	–
	---------	--------
	113,417	87,035
	---------	--------

6. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings	1,919,137	1,926,099
	------------	------------

7. Summary audit opinion

The auditor's report dated 23 April 2025 was unqualified .

The senior statutory auditor was Cathal Maneely , for and on behalf of Maneely Mc Cann Chartered Accountants .

8. Related party transactions

Control The company is a wholly owned subsidiary of Kirk Bryson & Co. Limited, a company incorporated in Northern Ireland, which is a wholly owned subsidiary of Herbel Limited, a company incorporated in Northern Ireland. Herbel Limited is a wholly owned subsidiary of Banner Dell Limited, a company incorporated in England and Wales which is a wholly owned subsidiary of Herbert Corporate Holdings Limited, a company registered in Northern Ireland. Herbert Corporate Holdings (IOM) Limited is a wholly owned subsidiary of Herbert Corporate Holdings (IOM) Limited, a company incorporated in Isle of Man. Mrs L E Herbert is the shareholder of Herbert Corporate Holdings (IOM) Limited and as such is considered to be the ultimate controlling party of the company. 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.

9. Controlling party

Herbert Corporate Holdings (IOM) Limited , is the company's ultimate parent company. Copies of consolidated financial statements may be obtained from Ground Floor, Dorchester House, Belmont Hill, Isle of Man, IM1 4RE .