BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of letting and operating of own or leased real estate. 27 November 2025 0 0 NI028276 2024-12-31 NI028276 2023-12-31 NI028276 2022-12-31 NI028276 2024-01-01 2024-12-31 NI028276 2023-01-01 2023-12-31 NI028276 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI028276 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI028276 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI028276 uk-bus:AbridgedAccounts 2024-01-01 2024-12-31 NI028276 uk-core:ShareCapital 2024-12-31 NI028276 uk-core:ShareCapital 2023-12-31 NI028276 uk-core:RevaluationReserve 2024-12-31 NI028276 uk-core:RevaluationReserve 2023-12-31 NI028276 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI028276 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI028276 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI028276 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI028276 uk-bus:FRS102 2024-01-01 2024-12-31 NI028276 uk-core:ParentEntities 2024-01-01 2024-12-31 NI028276 uk-countries:NorthernIreland 2024-01-01 2024-12-31 NI028276 uk-bus:Director1 2024-01-01 2024-12-31 NI028276 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI028276
 
 
Bankmore Properties Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2024
Bankmore Properties Limited
Company Registration Number: NI028276
ABRIDGED BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 1,346,867 1,356,344
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Current Assets
Debtors - 22,500
Cash and cash equivalents 141,368 8,382
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141,368 30,882
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Creditors: amounts falling due within one year (40,956) (31,125)
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Net Current Assets/(Liabilities) 100,412 (243)
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Total Assets less Current Liabilities 1,447,279 1,356,101
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Capital and Reserves
Called up share capital 100 100
Revaluation reserve 282,355 282,355
Retained earnings 1,164,824 1,073,646
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Equity attributable to owners of the company 1,447,279 1,356,101
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 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 year 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 year and of its profit and loss for the financial year 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 27 November 2025
           
           
           
________________________________          
Trevor Keys          
Director          
           



Bankmore Properties Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
Bankmore Properties Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI028276. The registered office of the company is 72-74 Omagh Road, Dromore, Co Tyrone, BT78 3AJ. The principal activity of the company is that of letting and operating of own or leased real estate. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. 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 year 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.
 
Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company has no employees other than its unremunerated directors and thus does not operate a pension scheme.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 0, (2023 - 0).
       
4. Tangible assets
  Investment Total
  properties  
     
  £ £
Cost
At 1 January 2024 1,356,344 1,356,344
Disposals (9,477) (9,477)
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At 31 December 2024 1,346,867 1,346,867
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Depreciation
At 1 January 2024 - -
  ───────── ─────────
At 31 December 2024 - -
  ───────── ─────────
Net book value
At 31 December 2024 1,346,867 1,346,867
  ═════════ ═════════
At 31 December 2023 1,356,344 1,356,344
  ═════════ ═════════
       
4.1. Tangible assets continued
 
Tangible assets included at a valuation would have been included on a historical cost basis at:
 
  2024 2023
  £ £
 
Cost 397,645 397,645
  ═════════ ═════════
 
Given the properties are investment buildings let on a long term basis, they are not depreciated.  The property in Omagh was revalued by the directors in June 2022 at £680,000 (2021: £650,000).
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2024.
   
6. Parent company
 
The company regards Birchwood Holdings Ltd as its parent company.
 
The parent of the largest group in which the results are consolidated is Birchwood Holdings Ltd.
Birchwood Holdings Ltd is registered in Northern Ireland.
 
   
7. Controlling interest
 
The ultimate controlling party is Trevor Keys.