Pinecliffs NI Management Co Ltd iXBRL

Pinecliffs NI Management Co Ltd

Director's Report and Unaudited Financial Statements

for the financial period from 3 November 2023 (date of incorporation) to 31 December 2024

Pinecliffs NI Management Co Ltd

DIRECTOR AND OTHER INFORMATION


Director	Clarke Kennedy (Appointed 3 November 2023)


Company Registration Number	NI704225


Registered Office and Business Address	1 Church Mews, Church Road
	Dundonald
	BT16 2LQ
	United Kingdom


Accountants	Quarter
	Chartered Accountants
	St.Annes House
	Cathedral Quarter
	15 Church Street
	Belfast
	Antrim
	BT1 1PG


Bankers	ANNA Bank
	2 Brunel House
	2 Fitzalan Road
	Cardiff
	CF24 0EB
	Wales


Solicitors	Hart & Co Solicitors
	F4, Causeway Tower, 9 James St S
	Belfast
	Down
	BT2 8DN
	United Kingdom

Pinecliffs NI Management Co Ltd

DIRECTOR'S REPORT

for the financial period from 3 November 2023 (date of incorporation) to 31 December 2024

The director presents his report and the unaudited financial statements for the financial period from 3 November 2023 (date of incorporation) to 31 December 2024.

Director

The director who served during the financial period is as follows:

Clarke Kennedy (Appointed 3 November 2023)

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

Political Contributions

The company did not make any disclosable political donations in the current financial period.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Clarke Kennedy

Director

30 October 2025

Pinecliffs NI Management Co Ltd

Company Registration Number: NI704225

STATEMENT OF FINANCIAL POSITION

as at 31 December 2024

Dec 24

Notes

Current Assets

Stocks

1,822,645

Debtors

24,333

Cash and cash equivalents

100

─────────

1,847,078

─────────

Creditors: amounts falling due within one year

(2,080,123)

─────────

Net Current Liabilities

(233,045)

─────────

Total Assets less Current Liabilities

(233,045)

═════════

Capital and Reserves

Called up share capital

100

Retained earnings

(233,145)

─────────

Equity attributable to owners of the company

(233,045)

═════════

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 company has taken advantage of the exemption under section 444 not to file the Income Statement.

For the financial period from 3 November 2023 (date of incorporation) to 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 30 October 2025



________________________________
Clarke Kennedy
Director

Pinecliffs NI Management Co Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial period from 3 November 2023 (date of incorporation) to 31 December 2024

General Information

Pinecliffs NI Management Co Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI704225. The registered office of the company is 1 Church Mews, Church Road, Dundonald, BT16 2LQ, United Kingdom which is also the principal place of business of the company. The principal activity is that of the development of building projects. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 13 month 29 days period from 3 November 2023 (date of incorporation) to 31 December 2024.

Going concern

As at 31st December 2024, there was a deficiency of assets of £233,045. The entity relies on the support of the director.

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

The average monthly number of employees, including director, during the financial period was 1, (Nov 23 - 0).

Dec 24

Number

Director

═════════

Stocks

Dec 24

Work in progress

1,822,645

═════════

The replacement cost of stock did not differ significantly from the figures shown.


8.	Debtors	Dec 24
		£

	Other debtors	11,066
	Taxation (Note 10)	13,267
		─────────
		24,333
		═════════


9.	Creditors	Dec 24
	Amounts falling due within one year	£

	Bank loan	1,321,591
	Trade creditors	481,952
	Other creditors	276,580
		─────────
		2,080,123
		═════════


10.	Taxation	Dec 24
		£

	Debtors:
	VAT	13,267
		═════════

11.

Capital commitments

The company had no material capital commitments at the financial period-ended 31 December 2024.

12.

Related party transactions

Carney Hill Developments Limited

There are common directors between Pinecliffs NI Management Company Ltd and Carney Hill Developments Ltd. At the beginning of the period, £Nil was owed to Pinecliffs NI Management Company Ltd. Throughout the financial period, movement of £228,897 occurred. Therefore, at period end, the balance owing to Pinecliffs NI Management Company Ltd was £228,897. However, the director confirmed this amount is irrecoverable, thus said amount has been written off, rendering a £nil balance.

13.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial period-end.