Colinwell Concrete Limited 31/03/2025 iXBRL

Company registration number: NI005201

Colinwell Concrete Limited

Unaudited filleted financial statements

31 March 2025

Colinwell Concrete Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Colinwell Concrete Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	1,400,000		1,400,000
		_______		_______
			1,400,000		1,400,000

Current assets
Debtors	5	727		6,833
Cash at bank and in hand		26,237		92,141
		_______		_______
		26,964		98,974
Creditors: amounts falling due
within one year	6	( 20,435)		( 47,154)
		_______		_______
Net current assets			6,529		51,820
			_______		_______
Total assets less current liabilities			1,406,529		1,451,820


Provisions for liabilities			( 190,428)		( 189,065)

			_______		_______
Net assets			1,216,101		1,262,755
			_______		_______

Capital and reserves
Called up share capital			31,000		31,000
Share premium account			20,000		20,000
Profit and loss account			1,165,101		1,211,755
			_______		_______
Shareholders funds			1,216,101		1,262,755
			_______		_______

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 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mr Phelim McQuillan Mr Donal McQuillan

Director Director

Company registration number: NI005201

Colinwell Concrete Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	31,000	20,000	664,355	934,368

Profit for the year			593,400	593,400
Other comprehensive income for the year:
Revaluation of tangible assets				( 219,013)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	593,400	374,387

Dividends paid and payable			( 46,000)	( 46,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 46,000)	( 46,000)

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	31,000	20,000	1,211,755	1,262,755

Profit for the year			13,346	13,346
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	13,346	13,346

Dividends paid and payable			( 60,000)	( 60,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 60,000)	( 60,000)

	_______	_______	_______	_______
At 31 March 2025	31,000	20,000	1,165,101	1,216,101
	_______	_______	_______	_______

Colinwell Concrete 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 14 Tarawood, Holywood, Belfast, BT18 0HS.

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 are prepared in sterling, which is the functional currency of the entity.

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.

Tangible assets

Land and buildings are recognised at fair value on periodic valuations, less subsequent depreciation for buildings and subsequent accumulated impairment losses. A revaluation surplus is credited to other reserves in shareholders' equity. All other property, plant and equipment are recognised at historical cost less depreciation.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are 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.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affect both current and future periods.

4. Tangible assets

	Investment property	Total
	£	£
Fair value
At 1 April 2024 and 31 March 2025	1,400,000	1,400,000
	_______	_______
Carrying amount
At 31 March 2025	1,400,000	1,400,000
	_______	_______
At 31 March 2024	1,400,000	1,400,000
	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 April 2024 and 31 March 2025	1,400,000
		_______

5. Debtors

	2025	2024
	£	£
Other debtors	727	6,833
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	3,519	40,241
Social security and other taxes	4,200	3,650
Other creditors	12,716	3,263
	_______	_______
	20,435	47,154
	_______	_______

7. Directors advances, credits and guarantees

During the year ended 31 March 2025, the Company did not enter into any material transactions with directors or other related parties that had not been concluded under normal market conditions (2024: Nil).

8. Employee numbers

The average number of persons employed by the company during the year amounted to 0 (2024: 0).