BLOCK MANAGEMENT (N.I.) LTD


Director	MCVEIGH, Patrick James


Registered Address	1 Kildare Street
	Newry
	BT34 1DQ


Registered Number	NI615238 (Northern Ireland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		69,000		30,000
Tangible assets	4		12,769		5,340
			81,769		35,340
Current assets
Debtors		20,542		48,060
Cash at bank and on hand		17,504		6,550
		38,046		54,610
Creditors amounts falling due within one year	5	(32,656)		(42,681)
Net current assets (liabilities)			5,390		11,929
Total assets less current liabilities			87,159		47,269
Creditors amounts falling due after one year	6		(8,025)		(9,083)
Net assets			79,134		38,186
Capital and reserves
Called up share capital			2		2
Profit and loss account			79,132		38,184
Shareholders' funds			79,134		38,186

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 18 September 2025, and are signed on its behalf by:

MCVEIGH, Patrick James
Director
Registered Company No. NI615238

BLOCK MANAGEMENT (N.I.) LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		3

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	30,000
	Additions	39,000
	At 31 December 24	69,000
	Net book value
	At 31 December 24	69,000
	At 31 December 23	30,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	48,412
	Additions	9,996
	At 31 December 24	58,408
	Depreciation and impairment
	At 01 January 24	43,072
	Charge for year	2,567
	At 31 December 24	45,639
	Net book value
	At 31 December 24	12,769
	At 31 December 23	5,340

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	3,731	1,137
Bank borrowings and overdrafts	-	6,384
Taxation and social security	17,306	24,033
Finance lease and HP contracts	1,753	-
Other creditors	5,306	6,693
Accrued liabilities and deferred income	4,560	4,434
Total	32,656	42,681


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	-	9,083
Other creditors	8,025	-
Total	8,025	9,083

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	9,779		-