Company Registration No. NI018130 (Northern Ireland)
Fine Foods Lisburn Road Limited
Unaudited accounts
for the year ended 31 March 2025
Fine Foods Lisburn Road Limited
Statement of financial position
as at 31 March 2025
Tangible assets
282,453
390,339
Cash at bank and in hand
194,413
553,399
Creditors: amounts falling due within one year
(516,157)
(953,525)
Net current liabilities
(272,506)
(342,984)
Called up share capital
100
100
Profit and loss account
9,847
47,255
Shareholders' funds
9,947
47,355
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2025 and were signed on its behalf by
Mr Alan John Reid
Director
Company Registration No. NI018130
Fine Foods Lisburn Road Limited
Notes to the Accounts
for the year ended 31 March 2025
Fine Foods Lisburn Road Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI018130. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
The director believes that the company Fine Foods Lisburn Road Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover comprises the invoice value of hospitality services supplied by the company, exclusive of trade discounts and value added tax. Revenue from a contract to provide hospitality services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line per Annum
Plant & machinery
20% Straight Line per Annum
Fixtures & fittings
20% Straight Line per Annum
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
Fine Foods Lisburn Road Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
699,078
131,130
419,816
1,250,024
Additions
-
-
14,033
14,033
At 31 March 2025
699,078
131,130
433,849
1,264,057
At 1 April 2024
462,902
125,460
271,323
859,685
Charge for the year
36,000
898
85,021
121,919
At 31 March 2025
498,902
126,358
356,344
981,604
At 31 March 2025
200,176
4,772
77,505
282,453
At 31 March 2024
236,176
5,670
148,493
390,339
Amounts falling due within one year
Accrued income and prepayments
3,341
3,256
Other debtors
11,100
18,238
Fine Foods Lisburn Road Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
67,482
69,230
Amounts owed to group undertakings and other participating interests
157,551
575,117
Taxes and social security
106,246
117,789
Other creditors
99,771
80,936
Loans from directors
1,403
1,403
Allotted, called up and fully paid:
10,000 Ordinary shares of £0.01 each
100
100
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Transactions with related parties
Included in Creditors is £157,551 that is due to Beagh Limited (2024: £575,117 ).
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Average number of employees
During the year the average number of employees was 46 (2024: 46).