Registration number: NI038346

McBurney Holdings Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

McBurney Holdings Limited

(Registration number: NI038346)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	120,633	141,129
Investment property	5	6,861,685	6,340,930
		6,982,318	6,482,059
Current assets
Debtors	6	13,308,574	5,203,298
Cash at bank and in hand		128,341,735	130,381,531
		141,650,309	135,584,829
Creditors: Amounts falling due within one year	7	(1,604,513)	(596,686)
Net current assets		140,045,796	134,988,143
Total assets less current liabilities		147,028,114	141,470,202
Provisions for liabilities		(5,930)	(5,735)
Net assets		147,022,184	141,464,467
Capital and reserves
Called up share capital	8	2,208,046	2,208,046
Capital redemption reserve		2,309,577	2,309,577
Retained earnings		142,504,561	136,946,844
Shareholders' funds		147,022,184	141,464,467

McBurney Holdings Limited

(Registration number: NI038346)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

......................................... Mr Norman McBurney Company secretary and director

......................................... Mrs Lynn McBurney Director

McBurney Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
205 Moorfields Road
Ballymena
Co. Antrim
BT42 3EG

These financial statements were authorised for issue by the Board on 19 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed a period of 12 months from the date of approving the financial statements with regard to the appropriateness of the going concern assumption in preparing the financial statements and believe that the company will continue as a going concern and be able to realise its assets and discharge its liabilties in the normal course of business.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Other tangible assets	10% - 33.3% straight line

Investment property

Investment property is carried at fair value, changes in fair value are recognised in profit or loss.

McBurney Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

McBurney Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	175,775	175,775
At 31 December 2024	175,775	175,775
Depreciation
At 1 January 2024	34,646	34,646
Charge for the year	20,496	20,496
At 31 December 2024	55,142	55,142
Carrying amount
At 31 December 2024	120,633	120,633
At 31 December 2023	141,129	141,129

5	Investment properties

	2024 £
At 1 January	6,340,930
Additions	520,755
At 31 December	6,861,685

The Investment Properties class of fixed assets were valued on 31 December 2024 by the directors who are internal to the company. The basis of this valuation was fair value. This class of assets has a current value of £6,861,685 (2023 - £6,340,930).

There has been no valuation of investment property by an independent valuer.

6

Debtors

	Note	2024 £	2023 £
Trade debtors		-	24,462
Amounts owed by related parties	10	2,205,295	2,680,990
Other debtors		8,913,060	1,040,684
Prepayments		2,190,219	1,457,162
		13,308,574	5,203,298

Details of non-current trade and other debtors

£2,205,295 (2023 -£2,680,990) of amounts owed by related companies is classified as non current.

McBurney Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	-	3,044
Taxation and social security	1,601,763	590,892
Accruals and deferred income	2,750	2,750
	1,604,513	596,686

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
A Ordinary shares of £1 each	8,046	8,046	8,046	8,046
B Ordinary shares of £1 each	2,200,000	2,200,000	2,200,000	2,200,000
	2,208,046	2,208,046	2,208,046	2,208,046

9

Dividends

		2024		2023
		£		£
Final dividend of £49.71 (2023 - £Nil) per ordinary share		400,000		-
Interim dividend of £99.42 (2023 - £Nil) per ordinary share		800,000		-
		1,200,000		-

Final dividends paid

		2024 £		2023 £
Final dividend of £49.71 (2023 - £Nil) per each A Ordinary shares		400,000		-

Interim dividends paid

		2024 £		2023 £
Interim dividend of £99.42 (2023 - £Nil) per each A Ordinary shares		800,000		-

McBurney Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Related party transactions

Summary of transactions with other related parties

Entities under common control and significant influence Other related party balances are interest free, unsecured and repayable on demand.

Income and receivables from related parties

2024	Key management £	Other related parties £
Amounts receivable from related party	8,672,179	2,205,295

2023	Key management £	Other related parties £
Amounts receivable from related party	1,028,650	2,680,990

11	Parent and ultimate parent undertaking

The company is controlled by the Directors who own 100% of the A Ordinary share capital.