REGISTERED NUMBER: 03709608 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BONNINGTON GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J J McGettigan

P A McGettigan

B D McGettigan

SECRETARY:

P A McGettigan

REGISTERED OFFICE:

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

REGISTERED NUMBER:

03709608 (England and Wales)

AUDITORS:

LMDB Limited

t/a LMDB Accountants

Statutory Auditors

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Investments

4

155,101

155,101

CURRENT ASSETS

Debtors

5

226,674

634,657

CREDITORS

Amounts falling due within one year

6

3,986,745

4,482,035

NET CURRENT LIABILITIES

(3,760,071

)

(3,847,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,604,970

)

(3,692,277

)

CAPITAL AND RESERVES

Called up share capital

7

50,000

50,000

Retained earnings

(3,654,970

)

(3,742,277

)

SHAREHOLDERS' FUNDS

(3,604,970

)

(3,692,277

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J J McGettigan - Director

1.	STATUTORY INFORMATION

Bonnington Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions for "Small Entities" under Section 1A Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Material Uncertainty Related to Going Concern

The company is reliant on financial support from its immediate and ultimate parent companies and their ability to continue to offer this support. As at the balance sheet date, debts of £3,817,365 (2023 - £4,315,470) were owed to the parent companies with no structured repayment terms.

The directors have obtained assurance of the continued financial support from the group members and therefore believe that it is appropriate to continue to prepare the accounts on a going concern basis.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

The company's principal financial instruments comprise trade creditors and loans to/ from other group companies. The main purpose of these instruments is to finance the company's operations.

Due to the nature of the financial instruments used by the group there is no exposure to price risk. The group's approach to managing other risks applicable to the financial instruments concerned is shown below.

In respect of loans between group companies, these are interest free and have no fixed repayment terms. The directors are aware of each group company's required finance and have determined that these will only be repaid, in whole or in part, when funding is available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

155,102

PROVISIONS

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

155,101

At 31 December 2023

155,101

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

226,674

632,480

Other debtors

-

2,177

226,674

634,657

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

3,972,365

4,470,470

Other creditors

14,380

11,565

3,986,745

4,482,035

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

"A" Ordinary shares

£1

1,000

1,000

49,000

"B" Ordinary shares

£1

49,000

49,000

50,000

50,000

Both classes of shares rank pari passu in all respects save that the holders of "B"ordinary shares are not entitled to receive notice of or attend or vote at general meetings of the Company.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Stuart Andrew Murray FCCA (Senior Statutory Auditor)

for and on behalf of LMDB Limited

We draw attention to note 2 in the financial statements, which indicates that the company is reliant on financial support from other group companies. As stated in note 2, this indicates that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under paragraph 1AC.35 of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between two or more members of a group as any subsidiary party to related party transactions are wholly owned by such member.

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is the company's director J J McGettigan by virtue of his majority shareholding in the company's ultimate parent company.

11.	CONSOLIDATED FINANCIAL STATEMENTS

The company is a wholly owned subsidiary of Bonnington Group Limited (incorporated in England and Wales) and of its ultimate parent, Regan Development Holdings Ltd (incorporated in Ireland). Bonnington Group Ltd is exempt from the requirement to prepare consolidated financial statements by virtue of section 399 of the Companies Act 2006. Copies of the financial statements for Regan Development Holdings Ltd are available from 103 Lower Baggot Street, Dublin 2, Dublin, D02F650, Ireland and also from Companies Registration Office Ireland.