BrightAccountsProduction v1.0.0 v1.0.0 2024-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is property development, management and construction. 24 March 2026 1 2 NI618996 2025-06-30 NI618996 2024-06-30 NI618996 2023-06-30 NI618996 2024-07-01 2025-06-30 NI618996 2023-07-01 2024-06-30 NI618996 uk-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 NI618996 uk-curr:PoundSterling 2024-07-01 2025-06-30 NI618996 uk-bus:AbridgedAccounts 2024-07-01 2025-06-30 NI618996 uk-core:ShareCapital 2025-06-30 NI618996 uk-core:ShareCapital 2024-06-30 NI618996 uk-core:OtherReservesSubtotal 2025-06-30 NI618996 uk-core:OtherReservesSubtotal 2024-06-30 NI618996 uk-core:RetainedEarningsAccumulatedLosses 2025-06-30 NI618996 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI618996 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-06-30 NI618996 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI618996 uk-bus:FRS102 2024-07-01 2025-06-30 NI618996 uk-core:PlantMachinery 2024-07-01 2025-06-30 NI618996 uk-core:MotorVehicles 2024-07-01 2025-06-30 NI618996 2024-07-01 2025-06-30 NI618996 uk-bus:Director2 2024-07-01 2025-06-30 NI618996 uk-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 xbrli:pure iso4217:GBP xbrli:shares

Bannerville Developments Ltd

Abridged Unaudited Financial Statements

for the financial year ended 30 June 2025

Bannerville Developments Ltd

Company Registration Number: NI618996

ABRIDGED BALANCE SHEET

as at 30 June 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | 16,046 |  | 20,058
Investment properties |  | 5 | 200,000 |  | 200,000
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 216,046 |  | 220,058
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  |  | 389,060 |  | 359,775
Debtors |  |  | 38,039 |  | 5,410
Cash at bank and in hand |  |  | 632 |  | 1,254
|  |  | ───────── |  | ─────────
|  |  | 427,731 |  | 366,439
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  |  | (410,895) |  | (343,139)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 16,836 |  | 23,300
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 232,882 |  | 243,358
Creditors:

amounts falling due after more than one year |  |  | (185,615) |  | (178,834)
Provisions for liabilities |  |  | (3,049) |  | (3,811)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 44,218 |  | 60,713
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Other reserves |  |  | 144,560 |  | 144,560
Retained earnings |  |  | (100,442) |  | (83,947)
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 44,218 |  | 60,713
|  |  | ═════════ |  | ═════════
The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 24 March 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Ronald Sloan |  |  |  |  |
Director |  |  |  |  |

Bannerville Developments Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 30 June 2025

1. | General Information
| Bannerville Developments Ltd is a private company limited by shares incorporated in Northern Ireland. 27 Ballymageogh Road, Kilkeel, Co. Down, BT34 4HW, Northern Ireland is the registered office, which is also the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company. The financial statements cover the individual entity for the financial year end 30 June 2025.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 30 June 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| 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.
| Turnover
| Turnover comprises the total value of services supplied by the company, exclusive of trade discounts and value added tax. Turnover from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are shipped to, or are picked up by, the customer.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and machinery | - | 20% Reducing Balance
|  | Motor vehicles | - | 20% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Investment properties
| Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
| Stocks
| 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.
| 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.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| 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.
| Taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was:
|  | 2025 | 2024
|  | Number | Number
| Employees | 1 | 2
|  | ═════════ | ═════════

4. | Tangible assets
|  | Plant and | Motor | Total
|  | machinery | vehicles |
|  | £ | £ | £
| Cost or Valuation
| At 1 July 2024 | 21,263 | 15,500 | 36,763
|  | ───────── | ───────── | ─────────
| At 30 June 2025 | 21,263 | 15,500 | 36,763
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 July 2024 | 7,447 | 9,258 | 16,705
| Charge for the financial year | 2,763 | 1,249 | 4,012
|  | ───────── | ───────── | ─────────
| At 30 June 2025 | 10,210 | 10,507 | 20,717
|  | ───────── | ───────── | ─────────
| Net book value
| At 30 June 2025 | 11,053 | 4,993 | 16,046
|  | ═════════ | ═════════ | ═════════
| At 30 June 2024 | 13,816 | 6,242 | 20,058
|  | ═════════ | ═════════ | ═════════

5. | Investment Properties
|  | Investment
|  | properties
|  | £
| Cost
| At 30 June 2025 | 200,000
|  | ─────────
| Net book value
| At 30 June 2025 | 200,000
|  | ═════════
| At 30 June 2024 | 200,000
|  | ═════════
| The property at Bridge Street, Kilkeel, was valued by an independent third party, during the year ended 30 June 2020. The director is of the opinion that the value stated in the financial statements has not changed in the financial year ended 30 June 2025 based on the value of comparable properties in the area.

6. | Company Guarantees
| Bannerville Developments Ltd have given guarantees in the form of a fixed and floating charge over company assets in respect of company borrowings totaling £440,626 (2024: £427,261).

7. | Director's Advances
| During the financial year ended 30 June 2025 the director was advanced £50,000 by the company. No interest was charged on the loan and it was repayable on demand. The total amount outstanding at the balance sheet date was £37,877. This loan was repaid in full within 9 months of the year end.