Cottonmount Arms Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: NI712453

		2025
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		92,149
Tangible Assets	5		223,517

			315,666
CURRENT ASSETS
Stocks	6	3,000
Cash at bank and in hand		27,205

		30,205
Creditors: Amounts Falling Due Within One Year	7	(355,584 )

NET CURRENT ASSETS (LIABILITIES)			(325,379 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,713 )

NET LIABILITIES			(9,713 )

CAPITAL AND RESERVES
Called up share capital	8		8
Profit and Loss Account			(9,721 )

SHAREHOLDERS' FUNDS			(9,713)

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Stewart Director	Mr Steven Stewart Director
04/12/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Cottonmount Arms Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI712453 . The registered office is Unit 1, 44-58 Dargan Crescent, Belfast, BT3 9JP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are a liquor licence. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	20% straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current tax is recognised in profit or loss for the year.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6

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Cottonmount Arms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 26 March 2024	-	-	-
Additions	13,499	100,000	113,499

As at 31 March 2025	13,499	100,000	113,499

Amortisation
As at 26 March 2024	-	-	-
Provided during the period	1,350	20,000	21,350

As at 31 March 2025	1,350	20,000	21,350

Net Book Value
As at 31 March 2025	12,149	80,000	92,149

As at 26 March 2024	-	-	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 26 March 2024	-	-	-
Additions	223,517	5,000	228,517

As at 31 March 2025	223,517	5,000	228,517

Depreciation
As at 26 March 2024	-	-	-
Provided during the period	4,000	1,000	5,000

As at 31 March 2025	4,000	1,000	5,000

Net Book Value
As at 31 March 2025	219,517	4,000	223,517

As at 26 March 2024	-	-	-

6. Stocks

	2025
	£
Stock	3,000

7. Creditors: Amounts Falling Due Within One Year

	2025
	£
Other creditors	343,574
Taxation and social security	12,010

	355,584

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Cottonmount Arms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025
	£
Allotted, Called up and fully paid	8

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