Kinnear Consulting Ltd 31/03/2025 iXBRL

Company registration number: NI632334

Kinnear Consulting Ltd

Unaudited filleted financial statements

31 March 2025

Kinnear Consulting Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Kinnear Consulting Ltd

Directors and other information


	Director	Dr Steven Kinnear


	Company number	NI632334


	Registered office	39a Silverbirch Road
		Bangor
		Co Down
		BT19 6EU


	Business address	39a Silverbirch Road
		Bangor
		Co Down
		BT19 6EU


	Accountants	David McQuillan & Company
		Glendinning House
		6 Murray Street
		Belfast
		BT1 6DN




	Bankers	Ulster Bank
		23 High Street
		Killyleagh
		Co Down
		BT30 9QF

Kinnear Consulting Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of Kinnear Consulting Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kinnear Consulting Ltd for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the director of Kinnear Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Kinnear Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinnear Consulting Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Kinnear Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kinnear Consulting Ltd. You consider that Kinnear Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kinnear Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

David McQuillan & Company

Chartered Accountants

Glendinning House

6 Murray Street

Belfast

BT1 6DN

23 December 2025

Kinnear Consulting Ltd

Statement of financial position

31 March 2025

		31/03/25		31/03/24
	Note	£	£	£	£

Fixed assets
Investments	5	51,685		47,134
		_______		_______
			51,685		47,134

Current assets
Debtors	6	37,155		56,754
Cash at bank and in hand		45,194		19,993
		_______		_______
		82,349		76,747
Creditors: amounts falling due
within one year	7	( 29,178)		( 24,634)
		_______		_______
Net current assets			53,171		52,113
			_______		_______
Total assets less current liabilities			104,856		99,247

Creditors: amounts falling due
after more than one year	8		( 33,609)		( 39,205)
			_______		_______
Net assets			71,247		60,042
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			71,147		59,942
			_______		_______
Shareholders funds			71,247		60,042
			_______		_______

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.

Director's 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 director acknowledges 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 income and retained earnings has not been delivered.

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:

Dr Steven Kinnear

Director

Company registration number: NI632334

Kinnear Consulting Ltd

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 39a Silverbirch Road, Bangor, Co Down, BT19 6EU.

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 have been prepared in accordance with the Companies Act 2006.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.The directors have assessed that there are no material estimates and assumptions in applying the accounting policies.

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.

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. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2024	50,000	50,000
Additions	1,685	1,685
	_______	_______
At 31 March 2025	51,685	51,685
	_______	_______
Impairment
At 1 April 2024	2,866	2,866
Reversal of impairment loss	( 2,866)	( 2,866)
	_______	_______
At 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	51,685	51,685
	_______	_______
At 31 March 2024	47,134	47,134
	_______	_______

6. Debtors

	31/03/25	31/03/24
	£	£
Trade debtors	-	2,062
Other debtors	37,155	54,692
	_______	_______
	37,155	56,754
	_______	_______

7. Creditors: amounts falling due within one year

	31/03/25	31/03/24
	£	£
Bank loans and overdrafts	5,500	5,500
Trade creditors	5,343	8,029
Corporation tax	13,415	6,185
Other creditors	4,920	4,920
	_______	_______
	29,178	24,634
	_______	_______

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

	31/03/25	31/03/24
	£	£
Bank loans and overdrafts	33,609	39,205
	_______	_______

The bank loan is a capital and interest repayment loan due to be repaid by May 2029. Repayments are made monthly with interest being charged at 6.3% per annum.

9. Directors advances, credits and guarantees

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

Year ended 31/03/25
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Dr Steven Kinnear	51,442	37,155	( 51,442)	37,155
		_______	_______	_______	_______

Period ended 31/03/24
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Dr Steven Kinnear	36,128	15,314	-	51,442
		_______	_______	_______	_______

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	Year	Period	Year	Period
	ended	ended	ended	ended
	31/03/25	31/03/24	31/03/25	31/03/24
	£	£	£	£
Dundonald Consulting Rooms	-	-	51,685	47,134
	_______	_______	_______	_______

The Company owns a 25% share in the above Partnership .

11. Controlling party

The company is under the control of Dr & Mrs S Kinnear by virtue of their shareholdings.