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Company No: NI616290 (Northern Ireland)

# THE LONDON BAR CONSULTANTS LTD

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

THE LONDON BAR CONSULTANTS LTD

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

THE LONDON BAR CONSULTANTS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
THE LONDON BAR CONSULTANTS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 166,483 |  | 189,517
|  | 166,483 |  | 189,517
Current assets |  |  |  |
Stocks | 4 | 45,000 |  | 40,996
Debtors | 5 | 40,132 |  | 33,374
Cash at bank and in hand |  | 22,346 |  | 25,680
|  | 107,478 |  | 100,050
Creditors: amounts falling due within one year | 6 | ( 252,214) |  | ( 201,994)
Net current liabilities |  | (144,736) |  | (101,944)
Total assets less current liabilities |  | 21,747 |  | 87,573
Creditors: amounts falling due after more than one year | 7 | ( 4,544) |  | ( 58,842)
Provision for liabilities |  | ( 11,494) |  | ( 14,368)
Net assets |  | 5,709 |  | 14,363
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,076 |  | 1,076
Share premium account |  | 179,849 |  | 179,849
Profit and loss account |  | ( 175,216 ) |  | ( 166,562 )
Total shareholders' funds |  | 5,709 |  | 14,363

For the financial year ending 31 January 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 financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The London Bar Consultants Ltd (registered number: NI616290) were approved and authorised for issue by the Director on 21 January 2026. They were signed on its behalf by:

L J Hayes Director |

THE LONDON BAR CONSULTANTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
THE LONDON BAR CONSULTANTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

The London Bar Consultants Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Northern Ireland. The address of the Company's registered office is 4th Floor, Dromalane Mill, The Quays, Newry, BT35 8QS, Northern Ireland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net assets of £5,709 and net current liabilities of £144,736. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements | 15 - 25 years straight line
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 25 - 33 % reducing balance
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

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.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 8 |  | 9

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 February 2024 | 255,143 |  | 71,604 |  | 58,190 |  | 24,627 |  | 17,931 |  | 427,495
At 31 January 2025 | 255,143 |  | 71,604 |  | 58,190 |  | 24,627 |  | 17,931 |  | 427,495
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 February 2024 | 106,992 |  | 65,415 |  | 23,640 |  | 24,019 |  | 17,912 |  | 237,978
Charge for the financial year | 12,681 |  | 1,547 |  | 8,638 |  | 152 |  | 16 |  | 23,034
At 31 January 2025 | 119,673 |  | 66,962 |  | 32,278 |  | 24,171 |  | 17,928 |  | 261,012
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 January 2025 | 135,470 |  | 4,642 |  | 25,912 |  | 456 |  | 3 |  | 166,483
At 31 January 2024 | 148,151 |  | 6,189 |  | 34,550 |  | 608 |  | 19 |  | 189,517

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 45,000 |  | 40,996

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 1,000
Amounts owed by director | 8,531 |  | 0
Other debtors | 31,601 |  | 32,374
| 40,132 |  | 33,374

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 134,334 |  | 77,008
Amounts owed to director | 0 |  | 8,067
Other loans | 54,131 |  | 49,144
Accruals | 3,700 |  | 4,502
Corporation tax | 2,879 |  | 0
Other taxation and social security | 54,502 |  | 30,665
Obligations under finance leases and hire purchase contracts (secured) | 2,668 |  | 16,067
Other creditors | 0 |  | 16,541
| 252,214 |  | 201,994

Obligations under finance leases and hire purchase contracts are secured on the assets of the Company to which they relate.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other loans | 4,544 |  | 56,174
Obligations under finance leases and hire purchase contracts (secured) | 0 |  | 2,668
| 4,544 |  | 58,842

Obligations under finance leases and hire purchase contracts are secured on the assets of the Company to which they relate.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
9,250 A ordinary shares of £ 0.10 each | 925 |  | 925
1,506 B ordinary shares of £ 0.10 each | 151 |  | 151
| 1,076 |  | 1,076

#### 9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 30,000 |  | 47,875
between one and five years | 45,000 |  | 75,000
Total future minimum lease payments under non-cancellable operating leases | 75,000 |  | 122,875

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 0 |  | 1,845

#### 10. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts owed (by)/to the directors | (8,531) |  | 8,067

As at 31 January 2025, the above amount was owed by the director to the company. This amount is interest free and repayable on demand.