Registration number: NI654170

Value Car Parks Ltd.

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Value Car Parks Ltd.

Company Information

Directors

Peter McCausland Michael McCausland Emma McCausland Christopher McCausland Jonathan McCausland

Company secretary

Christopher McCausland

Registered office

33-35 Grosvenor Road Belfast BT12 4GR

Solicitors

Mills Selig 21 Arthur Street Belfast BT1 4GA

Bankers

Danske Bank Corporate Banking Donegall Square West Belfast BT1 6JS

Auditors

RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG

Company number

NI654170

Value Car Parks Ltd.

(Registration number: NI654170)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	16,842,098	16,950,880
Current assets
Stocks	5	945	1,155
Debtors	6	38,616	34,244
Cash at bank and in hand		248,676	108,714
		288,237	144,113
Creditors: Amounts falling due within one year	7	(555,675)	(914,432)
Net current liabilities		(267,438)	(770,319)
Total assets less current liabilities		16,574,660	16,180,561
Creditors: Amounts falling due after more than one year	7	(14,702,405)	(15,018,099)
Net assets		1,872,255	1,162,462
Capital and reserves
Called up share capital	8	1	1
Retained earnings		1,872,254	1,162,461
Shareholders' funds		1,872,255	1,162,462

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 Statement of Comprehensive Income.

Approved and authorised by the Board on 3 October 2025 and signed on its behalf by:
 

......................................... Christopher McCausland Company secretary and director

Value Car Parks Ltd.

Notes to the Financial Statements for the Year Ended 30 June 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:
33-35 Grosvenor Road
Belfast
BT12 4GR
Northern Ireland

The presentation currency is £ Sterling and the level of rounding is to the nearest £.

These financial statements were authorised for issue by the Board on 3 October 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.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 6 October 2025 was Brian Stewart, who signed for and on behalf of RBCA Limited.

.........................................

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.

Value Car Parks Ltd.

Notes to the Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that
taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have
been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Tangible assets

Tangible assets are stated in the balance sheet 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	10% - 50% reducing balance
Fixtures and fittings	10% - 50% straight line
Land and buildings	1% straight line

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.

Value Car Parks Ltd.

Notes to the Financial Statements for the Year Ended 30 June 2025

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 statement of comprehensive income 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.

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.

Value Car Parks Ltd.

Notes to the Financial Statements for the Year Ended 30 June 2025

3	Staff numbers

The average number of persons employed by the company during the year, was 4 (2024 - 4).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 July 2024	16,989,616	6,280	79,723	17,075,619
Additions	-	3,665	928	4,593
At 30 June 2025	16,989,616	9,945	80,651	17,080,212
Depreciation
At 1 July 2024	89,499	3,524	31,716	124,739
Charge for the year	89,499	2,988	20,888	113,375
At 30 June 2025	178,998	6,512	52,604	238,114
Carrying amount
At 30 June 2025	16,810,618	3,433	28,047	16,842,098
At 30 June 2024	16,900,117	2,756	48,007	16,950,880

Included within the net book value of land and buildings above is £16,810,618 (2024 - £16,900,117) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	945	1,155

Value Car Parks Ltd.

Notes to the Financial Statements for the Year Ended 30 June 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	15,063	2,177
Prepayments	23,553	28,082
Other debtors	-	3,985
	38,616	34,244

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		214,187	776,582
Trade creditors		5,416	9,787
Taxation and social security		69,447	44,556
Accruals and deferred income		127,607	81,767
Other creditors		139,018	1,740
		555,675	914,432

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		7,851,812	7,513,099
Amounts due to group undertaking		6,850,593	7,505,000
		14,702,405	15,018,099

Value Car Parks Ltd.

Notes to the Financial Statements for the Year Ended 30 June 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

9	Related Party Transaction

The company has taken advantage of the exemption in section 33.1A of FRS 102 from disclosing transactions with entities that are wholly owned within the same group. This exemption applies as the Company is a wholly owned subsidiary of McCausland Group Limited, and its results are included in the consolidated financial statements of the parent, which are publicly available.

10	Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is McCausland Group Limited, incorporated in United Kingdom.

During the year, a group restructuring was carried out, resulting in McCausland Group Limited becoming the new parent company of the group. Following this restructure, Mr. Christopher McCausland is considered the ultimate controlling party. This change in group structure has been appropriately reflected in these financial statements, with no material impact on the financial performance or position of the group.