Clover Pubs NI No.1 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI657458

Clover Pubs NI No.1 Limited

Filleted Financial Statements

31 December 2024

Clover Pubs NI No.1 Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	174,121	108,969

Current assets

Stocks		13,284	15,323
Debtors	6	454,513	500,796
Cash at bank and in hand		79,711	92,739
		---------	---------
		547,508	608,858

Creditors: amounts falling due within one year	7	324,095	365,355
		---------	---------
Net current assets		223,413	243,503
		---------	---------
Total assets less current liabilities		397,534	352,472

Creditors: amounts falling due after more than one year	8	66,080	90,611
		---------	---------
Net assets		331,454	261,861
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	331,354	261,761
	---------	---------
Shareholders funds	331,454	261,861
	---------	---------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 23 December 2025 , and are signed on behalf of the board by:

Mr P Langsford

Director

Company registration number: NI657458

Clover Pubs NI No.1 Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL.

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 company ceased trading on 31 December 2024 and the accounts have therefore been prepared on a non-going concern basis, reflecting the post balance sheet transfer of the trade and assets to Clover Clarence Chambers Holdings Limited, another company within the group. The company continues to receive support from its parent company and other fellow group companies.

Revenue recognition

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.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	15% straight line
Fixtures and fittings	-	15% straight line
Equipment	-	15% straight line

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2023: 14 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	112,224	104,675	3,223	220,122
Additions	141,836	2,510	250	144,596
Disposals	( 14,525)	–	–	( 14,525)
	---------	---------	-------	---------
At 31 December 2024	239,535	107,185	3,473	350,193
	---------	---------	-------	---------
Depreciation
At 1 January 2024	49,167	60,223	1,763	111,153
Charge for the year	31,898	32,503	518	64,919
	---------	---------	-------	---------
At 31 December 2024	81,065	92,726	2,281	176,072
	---------	---------	-------	---------
Carrying amount
At 31 December 2024	158,470	14,459	1,192	174,121
	---------	---------	-------	---------
At 31 December 2023	63,057	44,452	1,460	108,969
	---------	---------	-------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	1,800	18,261
Amounts owed by group undertakings and undertakings in which the company has a participating interest	342,658	384,586
Other debtors	110,055	97,949
	---------	---------
	454,513	500,796
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	59,112	33,558
Amounts owed to group undertakings	58,425	74,690
Accruals and deferred income	40,095	45,621
Corporation tax	81,836	116,982
Social security and other taxes	48,156	68,098
Other creditors	36,471	26,406
	---------	---------
	324,095	365,355
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	66,080	90,611
	--------	--------

9. Summary audit opinion

The auditor's report dated 23 December 2025 was unqualified .

The senior statutory auditor was Cathal Maneely , for and on behalf of Maneely Mc Cann Chartered Accountants .

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J Conlon	18,874	605	19,479
Mr P Langsford	18,875	604	19,479
	--------	-------	--------
	37,749	1,209	38,958
	--------	-------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J Conlon	15,948	2,926	18,874
Mr P Langsford	15,948	2,927	18,875
	--------	-------	--------
	31,896	5,853	37,749
	--------	-------	--------

11. Related party transactions

The company has taken advantage of the exemption from diclosing related party transactions with group companies, in accordance with Financial Reporting Standard No. 102, Section 1A, Appendix C, Related Party Disclosures.

12. Controlling party

Clover Pubs Holdings NI Limited is the company's ultimate parent company. Copies of the consolidated financial statements may be obtained from Aisling House, 50 Stranmillis Embankment, Belfast, United Kingdom, BT9 5FL .