Registration number: NI635652

Cathal GM Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Cathal GM Limited

Company Information

Directors

Mr Felix Mooney Mrs Margaret Sinnott

Company secretary

Mrs Margaret Sinnott

Registered office

21 Malone Road BELFAST Co Antrim BT9 6RW

Cathal GM Limited

(Registration number: NI635652)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	150,000	150,000
Tangible assets	5	2,500,000	2,502,519
		2,650,000	2,652,519
Current assets
Debtors	6	9,600	7,281
Cash at bank and in hand		34,207	15,152
		43,807	22,433
Creditors: Amounts falling due within one year	7	(1,854,242)	(1,978,463)
Net current liabilities		(1,810,435)	(1,956,030)
Total assets less current liabilities		839,565	696,489
Provisions for liabilities		(153,541)	(153,541)
Net assets		686,024	542,948
Capital and reserves
Called up share capital		2	2
Revaluation reserve		687,231	687,231
Profit and loss account		(1,209)	(144,285)
Total equity		686,024	542,948

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:
 

......................................... Mr Felix Mooney Director

......................................... Mrs Margaret Sinnott Company secretary and director

Cathal GM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
21 Malone Road
BELFAST
Co Antrim
BT9 6RW

These financial statements were authorised for issue by the Board on 14 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cathal GM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and buildings under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	12.5% straight line
Fixtures, fittings and equipment	25% straight line
Land and buildings	Not depreciated

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Cathal GM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Cathal GM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Intangible assets

	Licences  £	Total £
Cost or valuation
At 1 August 2024	150,000	150,000
At 31 July 2025	150,000	150,000
Amortisation
Carrying amount
At 31 July 2025	150,000	150,000
At 31 July 2024	150,000	150,000

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 August 2024	2,500,000	84,976	408,192	2,993,168
At 31 July 2025	2,500,000	84,976	408,192	2,993,168
Depreciation
At 1 August 2024	-	84,976	405,672	490,648
Charge for the year	-	-	2,520	2,520
At 31 July 2025	-	84,976	408,192	493,168
Carrying amount
At 31 July 2025	2,500,000	-	-	2,500,000
At 31 July 2024	2,500,000	-	2,519	2,502,519

Revaluation

The company's freehold property was revalued on 27 March 2024 at 2.5m on the basis of consultancy advice provided by Avison Young, Estate Agents.

.

Cathal GM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6

Debtors

	Note	2025 £	2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10	9,600	-
Prepayments		-	7,281
		9,600	7,281

7

Creditors

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	-	578,214
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	1,703,423	1,211,793
Taxation and social security		-	78
Other creditors		23,000	174,759
Accruals and deferred income		127,819	13,619
		1,854,242	1,978,463

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

Cathal GM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	578,214
Other borrowings	-	166,759
	-	744,973

Bank loans and borrowings are secured by way of a debenture and first legal charge over the assets of the company, including the licensed establishment and the associated liquor licence. The company is also party to circular guarantee and indemnity agreement with fellow group undertakings. Advanced discount and other loans are secured by way of a second legal charge over group premises, in addition to guarantees and indemnities from company directors.

10	Related party transactions

Summary of transactions with other related parties

The company leased out its land and buildings during the year to a related party, Sinnott Property Services Ltd. At the 31 July 2025 the amount due from Sinnott Property Services Ltd was £9,600 (2024: £NIL).