0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1 1 1 xbrli:pure xbrli:shares iso4217:GBP NI658435 2024-04-01 2025-03-31 NI658435 2025-03-31 NI658435 2024-03-31 NI658435 2023-04-01 2024-03-31 NI658435 2024-03-31 NI658435 2023-03-31 NI658435 bus:RegisteredOffice 2024-04-01 2025-03-31 NI658435 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 NI658435 bus:Director1 2024-04-01 2025-03-31 NI658435 bus:Director2 2024-04-01 2025-03-31 NI658435 bus:Director3 2024-04-01 2025-03-31 NI658435 bus:Director4 2024-04-01 2025-03-31 NI658435 core:WithinOneYear 2025-03-31 NI658435 core:WithinOneYear 2024-03-31 NI658435 core:ShareCapital 2025-03-31 NI658435 core:ShareCapital 2024-03-31 NI658435 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 NI658435 core:Non-currentFinancialInstruments 2025-03-31 NI658435 core:Non-currentFinancialInstruments 2024-03-31 NI658435 bus:SmallEntities 2024-04-01 2025-03-31 NI658435 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 NI658435 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI658435 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI658435 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: NI658435

Killultagh Mercantile Holdings Limited

Filleted Unaudited Financial Statements

31 March 2025

Killultagh Mercantile Holdings Limited

Financial Statements

Year ended 31 March 2025

Contents | Page

Officers and professional advisers | 1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 4

Killultagh Mercantile Holdings Limited

Officers and Professional Advisers

The board of directors | Mr B Boyd
| Mr F Boyd
| Mr M Lamont
| Mr R Steenson

Registered office | 2nd Floor
| The Linenhall
| 32-38 Linenhall Street
| Belfast
| Northern Ireland
| BT2 8BG

Accountants | Maneely Mc Cann Chartered Accountants
| Chartered Accountants
| Aisling House
| 50 Stranmillis Embankment
| Belfast
| BT9 5FL

Killultagh Mercantile Holdings Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Killultagh Mercantile Holdings Limited

Year ended 31 March 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Maneely Mc Cann Chartered Accountants Chartered Accountants
Aisling House 50 Stranmillis Embankment Belfast BT9 5FL
7 November 2025

Killultagh Mercantile Holdings Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Investments | 4 | 1 | 1

Current assets

Debtors | 5 | 2 | 2

Creditors: amounts falling due within one year | 6 | 1 | 1
| ---- | ----
Net current assets | 1 | 1
| ---- | ----
Total assets less current liabilities | 2 | 2
| ---- | ----

Capital and reserves

Called up share capital | 2 | 2
| ---- | ----
Shareholders funds | 2 | 2
| ---- | ----

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.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year 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 were approved by the board of directors and authorised for issue on 7 November 2025 , and are signed on behalf of the board by:

Mr F Boyd
Director

Company registration number: NI658435

Killultagh Mercantile Holdings Limited

Notes to the Financial Statements

Year 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 2nd Floor, The Linenhall, 32-38 Linenhall Street, Belfast, BT2 8BG, Northern Ireland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under UK law.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 are 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. Investments

| Shares in group undertakings
| £
Cost |
At 1 April 2024 and 31 March 2025 | 1
| ----
Impairment |
At 1 April 2024 and 31 March 2025 | –
| ----

Carrying amount |
At 31 March 2025 | 1
| ----
At 31 March 2024 | 1
| ----

5. Debtors

| 2025 | 2024
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 2 | 2
| ---- | ----

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 1 | 1
| ---- | ----

7. Related party transactions
As the company is a wholly owned subsidiary and consolidated financial statements have been prepared which are publicly available, advantage has been taken of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A, Appendix C, Related Party Disclosures.