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

COMPANY REGISTRATION NUMBER: NI662339

Black Rock Hotels Holdco Limited

Filleted Unaudited Financial Statements

31 December 2024

Black Rock Hotels Holdco 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 Holdco Limited

Officers and Professional Advisers

Director	Mr A Fullan

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

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

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

Black Rock Hotels Holdco Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	5	3,656,416	3,656,416

Current assets

Debtors	6	1,097,619	1,024,783
Cash at bank and in hand		10,998	43,998
		------------	------------
		1,108,617	1,068,781

Creditors: amounts falling due within one year	7	2,950,363	2,898,715
		------------	------------
Net current liabilities		1,841,746	1,829,934
		------------	------------
Total assets less current liabilities		1,814,670	1,826,482
		------------	------------
Net assets		1,814,670	1,826,482
		------------	------------

Capital and reserves

Called up share capital	150,002	150,002
Share premium account	1,650,000	1,650,000
Profit and loss account	14,668	26,480
	------------	------------
Shareholders funds	1,814,670	1,826,482
	------------	------------

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Black Rock Hotels Holdco 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
Director

Company registration number: NI662339

Black Rock Hotels Holdco 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. The principal activity of the company during the year was that of a holding company.

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.

Consolidation

The entity is exempt from the requirement to prepare consolidated financial statements under Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

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 director is of the opinion there are no significant judgements or estimates.

Dividends

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

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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.

Cash and cash equivalents

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

Loans and borrowings

All borrowings by the company are initially recorded at the amount of cash received less separately incurred transaction costs, unless the arrangement constitutes, in effect, a financing transaction, in which case it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument. Subsequently, borrowings are stated at amortised cost using the effective interest rate method.

Other financial assets

Other financial assets is comprised of amounts owed by 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 amounts owed to group undertakings 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 period was Nil (2023: Nil).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	3,656,416
	------------
Impairment
At 1 January 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	3,656,416
	------------
At 31 December 2023	3,656,416
	------------

6. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings	1,097,611	1,024,775
Other debtors	8	8
	------------	------------
	1,097,619	1,024,783
	------------	------------

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans	2,363,700	2,460,091
Amounts owed to group undertakings	568,663	398,681
Other creditors	18,000	39,943
	------------	------------
	2,950,363	2,898,715
	------------	------------

Bank loans are secured by a fixed and floating charge over the company's assets. Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

8. Director's advances, credits and guarantees

During the year, the director was advanced £Nil (2023: £88,534) by the company. The director repaid £Nil (2023: £88,528) during the year. At the year end an amount of £6 (2023: £6) was still outstanding.

9. Related party transactions

The company has taken advantage of the exemption contained within paragraph 33.1A of FRS 102 not to disclose any transaction with its subsidiary undertakings on the grounds that they are 100% owned subsidiaries. There were no further transactions with related parties that are required to be disclosed under FRS 102 Section 1A.