Company Registration No. NI649244 (Northern Ireland)
ROUTE INVESTMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
IDS Chartered Accountants LLP
23/25 Queen Street
COLERAINE
Co Londonderry
BT52 1BG
ROUTE INVESTMENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ROUTE INVESTMENTS LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
2,083,433
1,830,527
Investments
5
117,383
44,383
2,200,816
1,874,910
Current assets
Debtors
6
100
558
Cash at bank and in hand
20,385
6,230
20,485
6,788
Creditors: amounts falling due within one year
7
(1,055,102)
(857,547)
Net current liabilities
(1,034,617)
(850,759)
Total assets less current liabilities
1,166,199
1,024,151
Creditors: amounts falling due after more than one year
8
(789,050)
(936,672)
Net assets
377,149
87,479
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
377,049
87,379
Total equity
377,149
87,479
ROUTE INVESTMENTS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 October 2025 and are signed on its behalf by:
Mrs A M Biesty
Mr G M Biesty
Director
Director
Company registration number NI649244 (Northern Ireland)
ROUTE INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Route Investments Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 23/25 Queen Street, COLERAINE, Co Londonderry, BT52 1BG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

ROUTE INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

There were no employees in the company during the year apart from the directors.

4
Investment property
2025
£
Fair value
At 1 April 2024
1,830,527
Revaluations
252,906
At 31 March 2025
2,083,433

Investment property comprises of residential and commercial properties in Northern Ireland.

In September 25 the properties were valued by McAfee Properties and Mortgages and these values have been included in the March 25 accounts.

ROUTE INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
117,383
44,383
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
44,383
Additions
73,000
At 31 March 2025
117,383
Carrying amount
At 31 March 2025
117,383
At 31 March 2024
44,383
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
100
558
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
49,669
49,669
Trade creditors
76
76
Corporation tax
11,555
-
0
Other creditors
993,802
807,802
1,055,102
857,547
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
789,050
936,672
Creditors which fall due after five years are payable as follows:
Payable by instalments
627,643
775,265

Bank loans are secured by a fixed and floating charge over all the property or undertaking of the company.

ROUTE INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
9
Parent company

The parent company of Route Investments Ltd is Carrowkeel Holdings Ltd, 23/25 Queen Street, Coleraine, BT52 1BG

Carrowkeel Holdings Ltd and subsequently Route Investments Ltd is controlled by the Biesty family.

10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Rental Income
2025
2024
£
£
Other related parties
120,000
120,000

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Other related parties
842,552
656,552
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