B&F Group Holdings Ltd 31/03/2025 iXBRL

Company registration number: NI712020

B&F Group Holdings Ltd

Unaudited filleted financial statements

31 March 2025

B&F Group Holdings Ltd

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

B&F Group Holdings Ltd

Directors and other information


Directors	Mr Finbar McGilligan	(Appointed 19 March 2024)
	Mrs Bernadette McGilligan	(Appointed 19 March 2024)


Company number	NI712020


Registered office	135 Moneysharvan Road
	Maghera
	Co Derry
	BT46 5HT


Accountants	PFS Accountants and Auditors Ltd
	Chartered Certified Accountants
	122 Main Street
	Dungiven
	Co Derry
	BT47 4LG




	Bankers	Danske Bank
		1-2 Broadway
		Ballymena
		Co Antrim
		BT43 7AA

B&F Group Holdings Ltd

Statement of financial position

31 March 2025

		31/03/25
	Note	£	£

Fixed assets
Investments	4	2
		_______
			2

Current assets
Debtors	5	231,950
Cash at bank and in hand		268,025
		_______
		499,975
Creditors: amounts falling due
within one year	6	( 500)
		_______
Net current assets			499,475
			_______
Total assets less current liabilities			499,477

			_______
Net assets			499,477
			_______

Capital and reserves
Called up share capital			4
Profit and loss account			499,473
			_______
Shareholders funds			499,477
			_______

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 November 2025 , and are signed on behalf of the board by:

Mr Finbar McGilligan

Director

Company registration number: NI712020

B&F Group Holdings Ltd

Statement of changes in equity

Period ended 31 March 2025

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


At 19 March 2024	-	-	-

Profit for the period		529,473	529,473
	_______	_______	_______
Total comprehensive income for the period	-	529,473	529,473

Issue of shares	4		4
Dividends paid and payable		( 30,000)	( 30,000)
	_______	_______	_______
Total investments by and distributions to owners	4	( 30,000)	( 29,996)

	_______	_______	_______
At 31 March 2025	4	499,473	499,477
	_______	_______	_______

B&F Group Holdings Ltd

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 135 Moneysharvan Road, Maghera, Co Derry, BT46 5HT.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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.

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.

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. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 19 March 2024	-	-
Additions	2	2
	_______	_______
At 31 March 2025	2	2
	_______	_______
Impairment
At 19 March 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	2	2
	_______	_______

5. Debtors

			31/03/25
			£
	Other debtors		231,950
			_______

6. Creditors: amounts falling due within one year

			31/03/25
			£
	Other creditors		500
			_______