5 01/10/2023 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP NI013872 2023-10-01 2025-03-31 NI013872 2025-03-31 NI013872 2023-09-30 NI013872 2022-10-01 2023-09-30 NI013872 2023-09-30 NI013872 2022-09-30 NI013872 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2025-03-31 NI013872 core:PlantMachinery 2023-10-01 2025-03-31 NI013872 core:FurnitureFittingsToolsEquipment 2023-10-01 2025-03-31 NI013872 core:MotorVehicles 2023-10-01 2025-03-31 NI013872 core:OnerousContractsExcludingVacantProperties 2023-10-01 2025-03-31 NI013872 bus:RegisteredOffice 2023-10-01 2025-03-31 NI013872 bus:LeadAgentIfApplicable 2023-10-01 2025-03-31 NI013872 bus:Director1 2023-10-01 2025-03-31 NI013872 bus:Director3 2023-10-01 2025-03-31 NI013872 bus:Director4 2023-10-01 2025-03-31 NI013872 bus:Director5 2023-10-01 2025-03-31 NI013872 bus:CompanySecretary1 2023-10-01 2025-03-31 NI013872 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 NI013872 core:PlantMachinery 2023-09-30 NI013872 core:FurnitureFittingsToolsEquipment 2023-09-30 NI013872 core:MotorVehicles 2023-09-30 NI013872 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 NI013872 core:PlantMachinery 2025-03-31 NI013872 core:FurnitureFittingsToolsEquipment 2025-03-31 NI013872 core:MotorVehicles 2025-03-31 NI013872 core:WithinOneYear 2025-03-31 NI013872 core:WithinOneYear 2023-09-30 NI013872 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 NI013872 core:ShareCapital 2025-03-31 NI013872 core:ShareCapital 2023-09-30 NI013872 core:RevaluationReserve 2025-03-31 NI013872 core:RevaluationReserve 2023-09-30 NI013872 core:CapitalRedemptionReserve 2025-03-31 NI013872 core:CapitalRedemptionReserve 2023-09-30 NI013872 core:RetainedEarningsAccumulatedLosses 2025-03-31 NI013872 core:RetainedEarningsAccumulatedLosses 2023-09-30 NI013872 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 NI013872 core:Non-currentFinancialInstruments 2025-03-31 NI013872 core:Non-currentFinancialInstruments 2023-09-30 NI013872 core:PlantMachinery 2023-09-30 NI013872 core:FurnitureFittingsToolsEquipment 2023-09-30 NI013872 core:MotorVehicles 2023-09-30 NI013872 bus:Director3 2023-09-30 NI013872 bus:Director3 2025-03-31 NI013872 bus:Director4 2023-09-30 NI013872 bus:Director4 2025-03-31 NI013872 bus:Director5 2023-09-30 NI013872 bus:Director5 2025-03-31 NI013872 bus:Director3 2022-09-30 NI013872 bus:Director3 2023-09-30 NI013872 bus:Director4 2022-09-30 NI013872 bus:Director4 2023-09-30 NI013872 bus:Director5 2022-09-30 NI013872 bus:Director5 2023-09-30 NI013872 bus:Director3 2022-10-01 2023-09-30 NI013872 bus:Director4 2022-10-01 2023-09-30 NI013872 bus:Director5 2022-10-01 2023-09-30 NI013872 bus:SmallEntities 2023-10-01 2025-03-31 NI013872 bus:AuditExemptWithAccountantsReport 2023-10-01 2025-03-31 NI013872 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2025-03-31 NI013872 bus:PrivateLimitedCompanyLtd 2023-10-01 2025-03-31 NI013872 bus:FullAccounts 2023-10-01 2025-03-31 NI013872 core:Subsidiary1 2023-10-01 2025-03-31 NI013872 core:Subsidiary1 2022-10-01 2023-09-30 NI013872 core:InvestmentPropertyIncludedWithinPPE 2023-10-01 2025-03-31 NI013872 core:InvestmentPropertyIncludedWithinPPE 2023-09-30 NI013872 core:InvestmentPropertyIncludedWithinPPE 2025-03-31 NI013872 core:Subsidiary1 2025-03-31 NI013872 core:Subsidiary1 2023-09-30 NI013872 1 2023-10-01 2025-03-31 NI013872 2 2023-10-01 2025-03-31 NI013872 3 2023-10-01 2025-03-31
Company registration number: NI013872
Ballykine Steel Construction Limited
Unaudited filleted financial statements
31 March 2025
Ballykine Steel Construction Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Ballykine Steel Construction Limited
Directors and other information

| Directors | Mr SM Algie
|  | Mrs JA Thackray
|  | Mrs KA Hearne
|  | Mrs GC McQuade
| Secretary | Mrs JA Thackray
| Company number | NI013872
| Registered office | 51 Lisburn Road
|  | Ballynahinch
|  | Co Down
|  | BT24 8TT
| Business address | 51 Lisburn Road
|  | Ballynahinch
|  | Co Down
|  | BT24 8TT
| Accountants | David McQuillan & Company
|  | Glendinning House
|  | 6 Murray Street
|  | Belfast
|  | BT1 6DN

| Bankers | AIB
|  | 34/36 Market Square
|  | Lisburn
|  | BT28 1AG

Ballykine Steel Construction Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Ballykine Steel Construction Limited
Period ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ballykine Steel Construction Limited for the period ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Ballykine Steel Construction Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ballykine Steel Construction Limited and state those matters that we have agreed to state to the board of directors of Ballykine Steel Construction Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ballykine Steel Construction Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Ballykine Steel Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ballykine Steel Construction Limited. You consider that Ballykine Steel Construction Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Ballykine Steel Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
David McQuillan & Company
Chartered Accountants
Glendinning House
6 Murray Street
Belfast
BT1 6DN
5 November 2025
Ballykine Steel Construction Limited
Statement of financial position
31 March 2025

|  |  | 31/03/25 |  |  |  | 30/09/23 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 1,648,583 |  |  |  | 1,812,543 |  |
Investments |  | 6 | 39,000 |  |  |  | 39,000 |  |
|  |  | _________ |  |  |  | _________ |  |
|  |  |  |  | 1,687,583 |  |  |  | 1,851,543
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 62 |  |  |  | 547 |  |
Cash at bank and in hand |  |  | 627,594 |  |  |  | 596,655 |  |
|  |  | _________ |  |  |  | _________ |  |
|  |  | 627,656 |  |  |  | 597,202 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 271,791) |  |  |  | ( 473,678) |  |
|  |  | _________ |  |  |  | _________ |  |
Net current assets |  |  |  |  | 355,865 |  |  |  | 123,524
|  |  |  |  | _________ |  |  |  | _________
Total assets less current liabilities |  |  |  |  | 2,043,448 |  |  |  | 1,975,067
Provisions for liabilities |  |  |  |  | ( 50,000) |  |  |  | ( 75,000)
|  |  |  |  | _________ |  |  |  | _________
Net assets |  |  |  |  | 1,993,448 |  |  |  | 1,900,067
|  |  |  |  | _________ |  |  |  | _________
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 2,000 |  |  |  | 2,000
Revaluation reserve |  |  |  |  | 1,335,529 |  |  |  | 1,335,529
Capital redemption reserve |  |  |  |  | 2,000 |  |  |  | 2,000
Profit and loss account |  |  |  |  | 653,919 |  |  |  | 560,538
|  |  |  |  | _________ |  |  |  | _________
Shareholders funds |  |  |  |  | 1,993,448 |  |  |  | 1,900,067
|  |  |  |  | _________ |  |  |  | _________

For the period ending 31 March 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 financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 November 2025 , and are signed on behalf of the board by:
Mrs JA Thackray
Director
Company registration number: NI013872
Ballykine Steel Construction Limited
Notes to the financial statements
Period ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 51 Lisburn Road, Ballynahinch, Co Down, BT24 8TT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements have been prepared in accordance with the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.The directors have assessed that there are no material estimates and assumptions in applying the accounting policies.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 2 % | straight line
| Plant and machinery | - | 25 % | reducing balance
| Fittings fixtures and equipment | - | 25 % | reducing balance
| Motor vehicles | - | 25 % | reducing balance
| Investment property | - | 0 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 5 (2023: 5 ).
5. Tangible assets

|  | Freehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Investment property | Total |
|  | £ | £ | £ | £ | £ | £ |
| Cost |  |  |  |  |  |  |
| At 1 October 2023 | 1,400,000 | 1,640,203 | 360,861 | 84,985 | 544,551 | 4,030,600 |
| Additions | - | 7,734 | 404 | 44,931 | - | 53,069 |
| Disposals | - | ( 1,440,203) | - | ( 84,985) | - | ( 1,525,188) |
|  | _________ | _________ | _________ | _________ | _________ | _________ |
| At 31 March 2025 | 1,400,000 | 207,734 | 361,265 | 44,931 | 544,551 | 2,558,481 |
|  | _________ | _________ | _________ | _________ | _________ | _________ |
| Depreciation |  |  |  |  |  |  |
| At 1 October 2023 | 336,000 | 1,484,856 | 321,887 | 75,314 | - | 2,218,057 |
| Charge for the year | 42,000 | 19,894 | 8,077 | 3,804 | - | 73,775 |
| Disposals | - | ( 1,302,816) | - | ( 79,118) | - | ( 1,381,934) |
|  | _________ | _________ | _________ | _________ | _________ | _________ |
| At 31 March 2025 | 378,000 | 201,934 | 329,964 | - | - | 909,898 |
|  | _________ | _________ | _________ | _________ | _________ | _________ |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2025 | 1,022,000 | 5,800 | 31,301 | 44,931 | 544,551 | 1,648,583 |
|  | _________ | _________ | _________ | _________ | _________ | _________ |
| At 30 September 2023 | 1,064,000 | 155,347 | 38,974 | 9,671 | 544,551 | 1,812,543 |
|  | _________ | _________ | _________ | _________ | _________ | _________ |

Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

|  | Freehold property | Investment property | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| At 31 March 2025 |  |  |  |  |  |  |
| Aggregate cost | 418,115 | 438,796 | 856,911 |  |  |  |
| Aggregate depreciation | (219,889) | - | (219,889) |  |  |  |
|  | _________ | _________ | _________ |  |  |  |
| Carrying amount | 198,226 | 438,796 | 637,022 |  |  |  |
|  | _________ | _________ | _________ |  |  |  |
| At 30 September 2023 |  |  |  |  |  |  |
| Aggregate cost | 418,115 | 438,796 | 856,911 |  |  |  |
| Aggregate depreciation | (207,346) | - | (207,346) |  |  |  |
|  | _________ | _________ | _________ |  |  |  |
| Carrying amount | 210,769 | 438,796 | 649,565 |  |  |  |
|  | _________ | _________ | _________ |  |  |  |

6. Investments

|  | Shares in group undertakings and participating interests | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 October 2023 and 31 March 2025 | 39,000 | 39,000 |  |  |  |
|  | _________ | _________ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 October 2023 and 31 March 2025 | - | - |  |  |  |
|  | _________ | _________ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 39,000 | 39,000 |  |  |  |
|  | _________ | _________ |  |  |  |
| At 30 September 2023 | 39,000 | 39,000 |  |  |  |
|  | _________ | _________ |  |  |  |

7. Debtors

|  |  | 31/03/25 | 30/09/23
|  |  | £ | £
| Other debtors |  | 62 | 547
|  |  | _________ | _________

8. Creditors: amounts falling due within one year

|  |  | 31/03/25 | 30/09/23
|  |  | £ | £
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 260,830 | 417,045
| Corporation tax |  | - | 14,360
| Other creditors |  | 10,961 | 42,273
|  |  | _________ | _________
|  |  | 271,791 | 473,678
|  |  | _________ | _________

9. Directors advances, credits and guarantees

| During the period the directors entered into the following advances and credits with the company: |  |  |  |  |  |
Period ended 31/03/25 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| Mrs JA Thackray | ( 11,025) | 77,900 | ( 69,900) | ( 3,025) |  |
| Mrs KA Hearne | ( 8,574) | 62,727 | ( 60,000) | ( 5,847) |  |
| Mrs GC McQuade | ( 7,764) | 65,674 | ( 60,000) | ( 2,090) |  |
|  | _________ | _________ | _________ | _________ |  |
|  | ( 27,363) | 206,301 | ( 189,900) | ( 10,962) |  |
|  | _________ | _________ | _________ | _________ |  |
Year ended 30/09/23 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| Mrs JA Thackray | ( 4,225) | 39,200 | ( 46,000) | ( 11,025) |  |
| Mrs KA Hearne | ( 2,074) | 33,500 | ( 40,000) | ( 8,574) |  |
| Mrs GC McQuade | ( 1,264) | 33,500 | ( 40,000) | ( 7,764) |  |
|  | _________ | _________ | _________ | _________ |  |
|  | ( 7,563) | 106,200 | ( 126,000) | ( 27,363) |  |
|  | _________ | _________ | _________ | _________ |  |

10. Related party transactions
During the period the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by/(owed to) |
|  | Period | Year | Period | Year
|  | ended | ended | ended | ended
|  | 31/03/25 | 30/09/23 | 31/03/25 | 30/09/23
|  | £ | £ | £ | £
| Ballykine Structural Engineers Limited | ( 412,508) | ( 472,195) | ( 260,830) | ( 417,045)
|  | _________ | _________ | _________ | _________

Ballykine Structural Engineers Limited is the subsidiary of Ballykine Steel Construction Limited .
11. Controlling party
The Company is under the control of Mrs JA Thackray , Mrs KA Hearne and Mrs GC McQuade by virtue of their shareholdings in the Company.