ACCOUNTS - Final Accounts Preparation

Registered number: NI690285

Breezemount Development Projects Limited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

Breezemount Development Projects Limited

Registered number: NI690285

Balance sheet

As at 30 September 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	5		618,136		618,136
			618,136		618,136
Current assets
Debtors: amounts falling due within one year	6	1,206		1,206
		1,206		1,206
Creditors: amounts falling due within one year	7	(643,718)		(630,330)
Net current liabilities			(642,512)		(629,124)
Total assets less current liabilities			(24,376)		(10,988)

Net liabilities			(24,376)		(10,988)

Capital and reserves
Called up share capital	8	1	1
Profit and loss account	9	(24,377)	(10,989)
Shareholders' deficit		(24,376)	(10,988)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2025.

Aaron Philip Shields

Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

Breezemount Development Projects Limited

Notes to the financial statements

For the year ended 30 September 2024

1.	General information

Breezemount Development Projects Limited is a private company, limited by shares, registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
The principal activity of the Company during the year was the holding of land and property for development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis because the Company's ultimate parent undertaking, Breezemount Group Holdings Limited, have provided assurances that it will continue to provide the financial resources necessary to enable the Company to continue it normal course of business for a period of at least 12 months from the date of signing the financial statements.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 2

Breezemount Development Projects Limited

Notes to the financial statements

For the year ended 30 September 2024

2.Accounting policies (continued)

2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Breezemount Development Projects Limited

Notes to the financial statements

For the year ended 30 September 2024

2.Accounting policies (continued)

2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

Breezemount Development Projects Limited

Notes to the financial statements

For the year ended 30 September 2024

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company's accounting policies, management has not made any significant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have a significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 October 2023	618,136
	At 30 September 2024	618,136

The directors are of the opinion that the above valuation represents a prudent approximation of the fair value of the property at 30 September 2024.
The 2024 valuatons were made by the direcrtors, on an open market value for existing use basis.

Debtors

					2024	2023
					£	£


Other debtors	1,206	1,206
	1,206	1,206

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Breezemount Development Projects Limited

Notes to the financial statements

For the year ended 30 September 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	643,718	125,395
Other creditors	-	504,935
	643,718	630,330

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

Page 6

Breezemount Development Projects Limited

Notes to the financial statements

For the year ended 30 September 2024

8.	Share capital
		2024	2023
		£	£

Authorised, allotted, called up and fully paid

1 (2023 - 1) Ordinary share of £1.0	1	1

Reserves

Profit and loss account

Profit and loss account includes all current and prior period retained profits and losses.

10.	Related party transactions
	The company has availed of the exemption in FRS 102 Section 33, Paragraph 33.1A which allows non-disclosure of transactions between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

11.	Post balance sheet events

There have been no significant events affecting the Company since the year end.

12.	Controlling party

The immediate and ultimate parent undertaking of the Company is Breezemount Group Holdings Limited, a company incorporated in Northern Ireland.
The largest and smallest group in which the results of Breezemount Development Projects Limited are consolidated is that headed by Breezemount Group Holdings Limited. Copies of the group financial statements are available from Companies House.
The ultimate controlling party is the Shields Family Trust.

13.	Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 29 September 2025 by Adrian Patton (Senior statutory auditor) on behalf of Sumer Auditco NI Ltd.

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