Black Rock Hotels Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI622539

Black Rock Hotels Limited

Filleted unaudited financial statements

31 December 2024

Black Rock Hotels 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	4

Black Rock Hotels Limited

Officers and professional advisers

The board of directors	Mr A Fullan
	Mrs T Fullan

Registered office	Leighinmohr House Hotel
	57 Leighinmohr Avenue
	Ballymena
	Northern Ireland
	BT42 2AN

Accountants	BDO Northern Ireland
	Chartered accountants
	Metro Building, 1st Floor
	6-9 Donegall Square South
	Belfast
	BT1 5JA

Bankers	Ulster Bank Limited
	49 Wellington Street
	Ballymena
	Antrim
	BT43 6AD

Black Rock Hotels Limited

Statement of financial position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	5,668	6,068
Tangible assets	6	954,309	946,155
		---------	---------
		959,977	952,223

Current assets

Stocks		22,000	22,000
Debtors	7	1,283,189	965,952
Cash at bank and in hand		632,431	530,299
		------------	------------
		1,937,620	1,518,251

Creditors: amounts falling due within one year	8	591,735		562,086
		------------		------------
Net current assets			1,345,885	956,165
			------------	------------
Total assets less current liabilities			2,305,862	1,908,388

Creditors: amounts falling due after more than one year	9		10,334	–

Provisions

Taxation including deferred tax	77,017	91,471
	------------	------------
Net assets	2,218,511	1,816,917
	------------	------------

Capital and reserves

Called up share capital	300,000	300,000
Profit and loss account	1,918,511	1,516,917
	------------	------------
Shareholders funds	2,218,511	1,816,917
	------------	------------

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 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Black Rock Hotels Limited

Statement of financial position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr A Fullan	Mrs T Fullan
Director	Director

Company registration number: NI622539

Black Rock Hotels 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 Northern Ireland. The address of the registered office is Leighinmohr House Hotel, 57 Leighinmohr Avenue, Ballymena, BT42 2AN, Northern Ireland. The principal activity of the company during the period was the running of a hotel, restaurant and bar.

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. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial reporting framework that has been applied in their preparation is the Companies Act 2006 (the Act) and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland issued by the Financial Reporting Council. The company qualifies as a small company for the period, as defined by section 382 of the Act, in respect of the financial year, and has applied the rules of the 'Small Companies Regime' in accordance with section 381 of the Act and Section 1A of FRS 102.

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. The directors are of the opinion that no significant judgements were required in preparing the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: - Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Dividends

Dividends to the company's equity shareholders are recognised as a liability of the company when approved by the company's shareholders.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Liquor licence	-	4% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2 - 4% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Cash and cash equivalents

Cash consists of cash on hand. There are no cash equivalents included in the financial statements.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Other financial assets

Other financial assets are comprised of trade debtors, amounts due from group undertakings and other debtors. Other financial assets are initially measured at the undiscounted amount of cash receivable and are subsequently measured at amortised cost less impairment, where there is objective evidence of an impairment.

Other financial liabilities

Other financial liabilities include trade creditors and other creditors. Other financial liabilities are measured at invoice price, unless payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. In this case the arrangement constitutes a financing transaction, and the financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 84 (2023: 84 ).

5. Intangible assets

	Goodwill	Liquor licence	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	1	10,001	10,002
	----	--------	--------
Amortisation
At 1 January 2024	–	3,934	3,934
Charge for the year	–	400	400
	----	--------	--------
At 31 December 2024	–	4,334	4,334
	----	--------	--------
Carrying amount
At 31 December 2024	1	5,667	5,668
	----	--------	--------
At 31 December 2023	1	6,067	6,068
	----	--------	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	895,462	178,076	848,669	250	37,676	1,960,133
Additions	105,697	1,053	2,393	18,329	2,334	129,806
	------------	---------	---------	--------	--------	------------
At 31 Dec 2024	1,001,159	179,129	851,062	18,579	40,010	2,089,939
	------------	---------	---------	--------	--------	------------
Depreciation
At 1 Jan 2024	141,759	114,778	721,352	188	35,901	1,013,978
Charge for the year	28,992	31,119	56,196	4,262	1,083	121,652
	------------	---------	---------	--------	--------	------------
At 31 Dec 2024	170,751	145,897	777,548	4,450	36,984	1,135,630
	------------	---------	---------	--------	--------	------------
Carrying amount
At 31 Dec 2024	830,408	33,232	73,514	14,129	3,026	954,309
	------------	---------	---------	--------	--------	------------
At 31 Dec 2023	753,703	63,298	127,317	62	1,775	946,155
	------------	---------	---------	--------	--------	------------

7. Debtors

	2024	2023
	£	£
Trade debtors	37,603	22,293
Amounts owed by group undertakings	1,186,032	909,969
Prepayments and accrued income	18,791	19,675
Directors loan account	26,174	7,277
Other debtors	14,589	6,738
	------------	---------
	1,283,189	965,952
	------------	---------

Amounts owed by group undertakings are interest free and repayable on demand. All debts are due within one year.

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	175,636	187,235
Corporation tax	102,183	39,826
Social security and other taxes	299,989	299,062
Other creditors	13,927	35,963
	---------	---------
	591,735	562,086
	---------	---------

Included within other creditors are amounts under hire purchase agreements totalling £5,961 (2023: £Nil). These agreements are secured on the assets to which they relate.

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

	2024	2023
	£	£
Other creditors	10,334	–
	--------	----

Included within other creditors are hire purchase agreements totalling £10,334 (2023: £Nil). These agreements are secured on the asset to which they relate.

10. Lease commitments

The company has future operating lease commitments of £ 7,308 (2023: £ 15,281 ).

11. Contingencies

There is a fixed and floating charge over the assets of the company in relation to bank debt of £2,363,700 held by the parent company, Black Rock Hotels Holdco Limited.

12. Directors' advances, credits and guarantees

During the year the directors made repayments to the company of £11,609 (2023: £157,282). Also during the year, the company paid expenses totalling £30,506 (2023: £11,610) on behalf of the directors. At the year end an amount of £26,174 (2023: £7,277) was payable by the directors to the company.

13. Related party transactions

The company has taken advantage of the exemption contained within paragraph 33.1A of FRS 102 not to disclose any transactions with its parent and fellow 100% owned subsidiary undertakings. There are no further transactions to disclose under FRS 102.

14. Controlling party

The ultimate controlling party is Black Rock Hotels Holdco Limited , a company incorporated in Northern Ireland. The address of the registered office is 57 Leighinmohr Avenue, Ballymena, Co Antrim, BT42 2AN.