Registration number: NI000369

Blakiston Houston Estate Company Limited

Contents

Company Information	1
Statement of financial position	2
Notes to the Unaudited Financial Statements	3 to 13

Blakiston Houston Estate Company Limited

Company Information

Directors

JJ Rowan Hamilton J Witchell JP Blakiston Houston LML Blakiston Houston MP Blakiston Houston RP Blakiston Houston

Company secretary

J Witchell

Registered office

28 Carrowreagh Road Dundonald Belfast Down BT16 0TS

Solicitors

Crawford Lockhart Black 7/11 Linenhall Street Belfast BT2 8AA

Accountants

WS Curragh Chartered Accountant13 Tweskard Park Belfast Down BT4 2JY

Blakiston Houston Estate Company Limited

Registration number: NI000369

Statement of financial position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	24,779,091	22,624,849
Investments	6	170,200	20,200
Other financial assets	7	94,032	244,032
		25,043,323	22,889,081
Current assets
Stocks	8	973,857	775,344
Debtors	9	2,748,799	3,144,261
Cash at bank and in hand		235,059	1,015,152
		3,957,715	4,934,757
Creditors: Amounts falling due within one year	10	(1,180,986)	(874,344)
Net current assets		2,776,729	4,060,413
Total assets less current liabilities		27,820,052	26,949,494
Creditors: Amounts falling due after more than one year	10	(830,250)	(544,331)
Provisions for liabilities		(674,721)	(558,573)
Net assets		26,315,081	25,846,590
Capital and reserves
Called up share capital	11	104,400	104,400
Capital redemption reserve		8,100	8,100
Retained earnings		26,202,581	25,734,090
Shareholders' funds		26,315,081	25,846,590

For the financial year ending 31 January 2025 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 26 September 2025 and signed on its behalf by:
 

......................................... JP Blakiston Houston Director

......................................... RP Blakiston Houston Director

Blakiston Houston Estate Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

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

The address of its registered office is:
28 Carrowreagh Road
Dundonald
Belfast
Down
BT16 0TS
Northern Ireland

These financial statements were authorised for issue by the Board on 26 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 through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity and the level of rounding is £1.

The financial statements are prepared in sterling, which is the functional currency of the entity and the level of rounding is £1.

Going concern

The company has access to adequate financial resources and the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to adopt the going concern basis in preparing the annual financial statements.The financial statements have been prepared on a going concern basis.

Judgements

Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Blakiston Houston Estate Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Plant and machinery	5%, 10% and 15%
Fixtures and fittings	10% and 20%
Motor vehicles	25%
Office equipment	33.33%

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

Blakiston Houston Estate Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Blakiston Houston Estate Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 37 (2024 - 36).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 February 2024	44,064	44,064
At 31 January 2025	44,064	44,064
Amortisation
At 1 February 2024	44,064	44,064
At 31 January 2025	44,064	44,064
Carrying amount
At 31 January 2025	-	-

Individually material intangible assets

Milk quota The carrying amount of this asset is £Nil (2024 -£Nil) and the remaining amortisation period is 0 (2024 - 0).

Blakiston Houston Estate Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	20,762,073	48,565	5,836,131	3,482	401,318	27,051,569
Additions	1,814,751	-	625,367	-	101,445	2,541,563
Disposals	-	-	(20,475)	-	(36,168)	(56,643)
At 31 January 2025	22,576,824	48,565	6,441,023	3,482	466,595	29,536,489
Depreciation
At 1 February 2024	-	46,861	4,023,881	2,475	353,503	4,426,720
Charge for the year	-	806	322,662	1,007	62,091	386,566
Eliminated on disposal	-	-	(19,720)	-	(36,168)	(55,888)
At 31 January 2025	-	47,667	4,326,823	3,482	379,426	4,757,398
Carrying amount
At 31 January 2025	22,576,824	898	2,114,200	-	87,169	24,779,091
At 31 January 2024	20,762,073	1,704	1,812,250	1,007	47,815	22,624,849

Included within the net book value of land and buildings above is £22,576,824 (2024 - £20,762,073) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Investment property was revalued on 31 January 2025. An independent valuer was not involved.
a) the effective date of the valuation is 31 January 2025 and the basis of valuation is fair value on a property by property basis;
b) the valuer is a director of the company who is RICS qualified and has current experience in valuing similar investment properties; and
c) the valuation used market based evidence for similar properties sold in the local area
.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £6,600,563 (2024 - £4,797,935).

6	Investments

	2025 £	2024 £
Investments in associates	150,000	-
Fixed asset investment participating loan	20,200	20,200
	170,200	20,200