Poole's (Dromore) Ltd NI621440 false 2024-08-01 2025-04-01 2025-04-01 The principal activity of the company is the operation of a supermarket. On 2nd April 2025 the entire share capital of the company was purchased by Musgrave Retail Partners NI Limited, whose ultimate parent company is Musgrave Group plc, incorporated in the Republic of Ireland. The existing company directors resigned and were replaced by new directors. Also on the same date, the company sold its assets, liabilities and trade to Musgrave Retail Stores NI Limited, a fellow group company. The company ceased to trade from that point onwards. Digita Accounts Production Advanced 6.30.9574.0 true NI621440 2024-08-01 2025-04-01 NI621440 2025-04-01 NI621440 bus:CompanySecretaryDirector1 2025-04-01 NI621440 bus:Director1 2025-04-01 NI621440 bus:Director4 2025-04-01 NI621440 bus:Director5 2025-04-01 NI621440 bus:OrdinaryShareClass1 2025-04-01 NI621440 core:RetainedEarningsAccumulatedLosses 2025-04-01 NI621440 core:ShareCapital 2025-04-01 NI621440 core:CurrentFinancialInstruments 2025-04-01 NI621440 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-01 NI621440 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-01 NI621440 core:FurnitureFittingsToolsEquipment 2025-04-01 NI621440 core:LandBuildings 2025-04-01 NI621440 core:OtherPropertyPlantEquipment 2025-04-01 NI621440 bus:SmallEntities 2024-08-01 2025-04-01 NI621440 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-04-01 NI621440 bus:FilletedAccounts 2024-08-01 2025-04-01 NI621440 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-04-01 NI621440 bus:RegisteredOffice 2024-08-01 2025-04-01 NI621440 bus:CompanySecretary1 2024-08-01 2025-04-01 NI621440 bus:CompanySecretaryDirector1 2024-08-01 2025-04-01 NI621440 bus:Director1 2024-08-01 2025-04-01 NI621440 bus:Director4 2024-08-01 2025-04-01 NI621440 bus:Director5 2024-08-01 2025-04-01 NI621440 bus:OrdinaryShareClass1 2024-08-01 2025-04-01 NI621440 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-04-01 NI621440 bus:Agent1 2024-08-01 2025-04-01 NI621440 core:FurnitureFittings 2024-08-01 2025-04-01 NI621440 core:FurnitureFittingsToolsEquipment 2024-08-01 2025-04-01 NI621440 core:LandBuildings 2024-08-01 2025-04-01 NI621440 core:OtherPropertyPlantEquipment 2024-08-01 2025-04-01 NI621440 core:PlantMachinery 2024-08-01 2025-04-01 NI621440 countries:NorthernIreland 2024-08-01 2025-04-01 NI621440 2024-07-31 NI621440 core:FurnitureFittingsToolsEquipment 2024-07-31 NI621440 core:LandBuildings 2024-07-31 NI621440 core:OtherPropertyPlantEquipment 2024-07-31 NI621440 2023-08-01 2024-07-31 NI621440 2024-07-31 NI621440 bus:OrdinaryShareClass1 2024-07-31 NI621440 core:RetainedEarningsAccumulatedLosses 2024-07-31 NI621440 core:ShareCapital 2024-07-31 NI621440 core:CurrentFinancialInstruments 2024-07-31 NI621440 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 NI621440 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 NI621440 core:FurnitureFittingsToolsEquipment 2024-07-31 NI621440 core:LandBuildings 2024-07-31 NI621440 core:OtherPropertyPlantEquipment 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI621440

Poole's (Dromore) Ltd
Unaudited Filleted Abridged Financial Statements
for the Period from 1 August 2024 to 1 April 2025

Poole's (Dromore) Ltd

Contents

Company Information | 1
Directors' Report | 2
Abridged Balance Sheet | 3 to 4
Notes to the Unaudited Abridged Financial Statements | 5 to 9

Poole's (Dromore) Ltd

Company Information

Directors | Mr Michael Kelleher Mrs Maeve Mitchell

Company secretary | Mr Eoin Connolly

Registered office | Belfast Harbour Estate 1/19 Dargan Drive Belfast BT3 9JG

Accountants | C.D. Diamond & Company Chartered Accountants & Registered Auditors46 Hill Street Belfast Co. Antrim BT1 2LB

Poole's (Dromore) Ltd

Directors' Report for the Period from 1 August 2024 to 1 April 2025

The directors present their report and the abridged financial statements for the period from 1 August 2024 to 1 April 2025.

Directors of the company

The directors who held office during the period were as follows:

Mr Eddie Poole - Company secretary and director (ceased 2 April 2025)

Mr Jamie Poole (ceased 2 April 2025)

The following directors were appointed after the period end:

Mr Michael Kelleher (appointed 2 April 2025)

Mrs Maeve Mitchell (appointed 2 April 2025)

Principal activity

The principal activity of the company is the operation of a supermarket. On 2nd April 2025 the entire share capital of the company was purchased by Musgrave Retail Partners NI Limited, whose ultimate parent company is Musgrave Group plc, incorporated in the Republic of Ireland. The existing company directors resigned and were replaced by new directors. Also on the same date, the company sold its assets, liabilities and trade to Musgrave Retail Stores NI Limited, a fellow group company. The company ceased to trade from that point onwards.

Small companies provision statement

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

Approved and authorised by the Board on 16 October 2025 and signed on its behalf by:

......................................... Mrs Maeve Mitchell Director

Poole's (Dromore) Ltd

(Registration number: NI621440)
Abridged Balance Sheet as at 1 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,969,299 | 3,024,829
Current assets |  |  |
Stocks | 5 | 244,152 | 219,226
Debtors |  | 490,788 | 387,646
Cash at bank and in hand |  | 98,791 | 124,186
|  | 833,731 | 731,058
Prepayments and accrued income |  | 19,345 | 74,317
Creditors: Amounts falling due within one year |  | (2,533,275) | (982,097)
Net current liabilities |  | (1,680,199) | (176,722)
Total assets less current liabilities |  | 1,289,100 | 2,848,107
Creditors: Amounts falling due after more than one year |  | - | (1,649,206)
Provisions for liabilities |  | (37,670) | -
Accruals and deferred income |  | (77,423) | (55,403)
Net assets |  | 1,174,007 | 1,143,498
Capital and reserves |  |  |
Called up share capital | 6 | 1,000 | 1,000
Retained earnings |  | 1,173,007 | 1,142,498
Shareholders' funds |  | 1,174,007 | 1,143,498

For the financial period ending 1 April 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 period 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 and Directors' Report.

Poole's (Dromore) Ltd

(Registration number: NI621440)
Abridged Balance Sheet as at 1 April 2025

Approved and authorised by the Board on 16 October 2025 and signed on its behalf by:

......................................... Mrs Maeve Mitchell Director

Poole's (Dromore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2024 to 1 April 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:
Belfast Harbour Estate
1/19 Dargan Drive
Belfast
BT3 9JG

The principal place of business is:
16 Banbridge Road
Town Centre
Dromore
Down
BT25 1NB

These financial statements were authorised for issue by the Board on 16 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 abridged 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 abridged 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.

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.

Poole's (Dromore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2024 to 1 April 2025

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 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
Land & Buildings | 2% Straight Line
Plant & Machinery | 10% Straight Line
Fixtures & Fittings | 10% 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.

Poole's (Dromore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2024 to 1 April 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 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.

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.

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.

Poole's (Dromore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2024 to 1 April 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 74 (2024 - 75).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 3,210,659 | 68,365 | 226,741 | 3,505,765
Additions | - | - | 7,020 | 7,020
At 1 April 2025 | 3,210,659 | 68,365 | 233,761 | 3,512,785
Depreciation
At 1 August 2024 | 336,511 | 42,339 | 102,086 | 480,936
Charge for the period | 42,927 | 3,996 | 15,627 | 62,550
At 1 April 2025 | 379,438 | 46,335 | 117,713 | 543,486
Carrying amount
At 1 April 2025 | 2,831,221 | 22,030 | 116,048 | 2,969,299
At 31 July 2024 | 2,874,148 | 26,026 | 124,655 | 3,024,829

Included within the net book value of land and buildings above is £2,831,222 (2024 - £2,874,148) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 244,152 | 219,226

6 | Share capital

Allotted, called up and fully paid shares

Poole's (Dromore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2024 to 1 April 2025

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

7 | Related party transactions

Directors' remuneration

The directors' remuneration for the period was as follows:

| 2025 £ | 2024 £
Remuneration | 25,662 | 37,841
Contributions paid to money purchase schemes | - | 60,000
| 25,662 | 97,841