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Company registration number: NI625321
CHANG (N.I.) LTD
Unaudited filleted financial statements
30 June 2025
CHANG (N.I.) LTD
Contents
Directors and other information
Director's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
CHANG (N.I.) LTD
Directors and other information

| Director | Mr Raymond Younge
| Company number | NI625321
| Registered office | Unit C6 Knockmore Hill Business Park
|  | 9 Ferguson Drive
|  | Lisburn
|  | BT28 2EX
| Business address | Unit C6 Knockmore Hill Business Park
|  | 9 Ferguson Drive
|  | Lisburn
|  | Antrim
|  | BT28 2EX

| Bankers | Danske Bank
|  | Belfast Business Centre
|  | Donegak Square West
|  | Belfast
|  | BT1 6JS

CHANG (N.I.) LTD
Director's report
Year ended 30 June 2025
The director presents this report and the unaudited financial statements of the company for the year ended 30 June 2025.
Incorporation
The company was incorporated on 24th June 2014
Director
The director who served the company during the year was as follows:

Mr Raymond Younge

Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 06 March 2026 and signed on behalf of the board by:
Mr Raymond Younge
Director
CHANG (N.I.) LTD
Statement of financial position
30 June 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Investments |  | 4 | 1,758,469 |  |  |  | 1,226,704 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 1,758,469 |  |  |  | 1,226,704
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 5 | 37,586 |  |  |  | 19,274 |  |
Cash at bank and in hand |  |  | 30,504 |  |  |  | 20,539 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 68,090 |  |  |  | 39,813 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 6 | ( 184,208) |  |  |  | ( 110,982) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 116,118) |  |  |  | ( 71,169)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 1,642,351 |  |  |  | 1,155,535
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 7 |  |  | ( 1,081,929) |  |  |  | ( 739,072)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 560,422 |  |  |  | 416,463
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 8 |  |  | 102 |  |  |  | 102
Profit and loss account |  |  |  |  | 560,320 |  |  |  | 416,361
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 560,422 |  |  |  | 416,463
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 June 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 March 2026 , and are signed on behalf of the board by:
Mr Raymond Younge
Director
Company registration number: NI625321
CHANG (N.I.) LTD
Statement of changes in equity
Year ended 30 June 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 July 2023 |  | 102 |  | 366,420 | 366,522 |  |  |  |  |
Profit for the year |  |  |  | 134,941 | 134,941 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 134,941 | 134,941 |  |  |  |  |
Dividends paid and payable |  |  |  | ( 85,000) | ( 85,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 85,000) | ( 85,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 30 June 2024 and 1 July 2024 |  | 102 |  | 416,361 | 416,463 |  |  |  |  |
Profit for the year |  |  |  | 208,959 | 208,959 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 208,959 | 208,959 |  |  |  |  |
Dividends paid and payable |  |  |  | ( 65,000) | ( 65,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 65,000) | ( 65,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 30 June 2025 |  | 102 |  | 560,320 | 560,422 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

CHANG (N.I.) LTD
Notes to the financial statements
Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit C6 Knockmore Hill Business Park, 9 Ferguson Drive, Lisburn, BT28 2EX.
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.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by management in preparing these financial statements .
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, 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.
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.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 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 entity 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.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

|  | Other investments other than loans | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 July 2024 | 1,226,704 | 1,226,704 |  |  |  |
| Additions | 531,765 | 531,765 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 30 June 2025 | 1,758,469 | 1,758,469 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 30 June 2025 | 1,758,469 | 1,758,469 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 30 June 2024 | 1,226,704 | 1,226,704 |  |  |  |
|  | _______ | _______ |  |  |  |

5. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 29,342 | 13,223
| Other debtors |  | 8,244 | 6,051
|  |  | _______ | _______
|  |  | 37,586 | 19,274
|  |  | _______ | _______

6. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 84,080 | 45,633
| Trade creditors |  | 9,661 | 7,458
| Corporation tax |  | 69,720 | 44,981
| Social security and other taxes |  | 20,023 | 12,560
| Other creditors |  | 724 | 350
|  |  | _______ | _______
|  |  | 184,208 | 110,982
|  |  | _______ | _______

A fixed and floating charge dated 23 February 2021 is held by Danske Bank in respect of all monies advanced.
7. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 671,376 | 368,909
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 55,163 | 125,163
| Other creditors |  | 355,390 | 245,000
|  |  | _______ | _______
|  |  | 1,081,929 | 739,072
|  |  | _______ | _______

8. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary Shares shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
| Ordinary 'A' Shares shares of £ 1.00 each |  | 1 |  | 1 |  | 1 |  | 1
| Ordinary 'B' Shares shares of £ 1.00 each |  | 1 |  | 1 |  | 1 |  | 1
|  |  | _______ |  | _______ |  | _______ |  | _______
|  |  | 102 |  | 102 |  | 102 |  | 102
|  |  | _______ |  | _______ |  | _______ |  | _______

9. Controlling party
Raymond Younge is the controlling party.