Bullhouse Bar Company Ltd iXBRL

Company Registration Number: NI678379

Bullhouse Bar Company Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 December 2025

Bullhouse Bar Company Ltd

Company Registration Number: NI678379

ABRIDGED BALANCE SHEET

as at 31 December 2025

		2025	2024
	Notes	£	£

Fixed Assets

Intangible assets

132,150

132,150

Tangible assets

1,447,033

248,279

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Fixed Assets

1,579,183

380,429

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Current Assets

Stocks

18,609

24,643

Debtors

53,274

183,994

Cash and cash equivalents

73,553

162,427

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145,436

371,064

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Creditors: amounts falling due within one year

(175,368)

(154,874)

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Net Current (Liabilities)/Assets

(29,932)

216,190

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Total Assets less Current Liabilities

1,549,251

596,619

Creditors:

amounts falling due after more than one year

(467,863)

(119,189)

Provisions for liabilities

(120,544)

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Net Assets

960,844

477,430

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Capital and Reserves

Called up share capital

Share premium account

198,722

198,722

Revaluation reserve

361,631

Retained earnings

400,458

278,675

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Equity attributable to owners of the company

960,844

477,430

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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 31 December 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 3 April 2026 and signed on its behalf by




________________________________
Mr. William Mayne
Director

Bullhouse Bar Company Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 December 2025

General Information

Bullhouse Bar Company Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI678379. The registered office of the company is 442-446 Newtownards Road, Belfast, BT4 1HJ. The principal activity of the company is public house and bar. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

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 financial year ended 31 December 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 invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

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:

Land and buildings freehold

2% Straight line

Long leasehold property

2% Straight line

Plant and machinery

15% Straight line

Motor vehicles

25% Straight line

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.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. 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.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

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.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred 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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

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

Employees

The average monthly number of employees, including directors, during the financial year was:

2025

2024

Number

Number

Employees

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4.	Intangible assets

		Goodwill	Total
		£	£
	Cost
	At 1 January 2025	132,150	132,150
		─────────	─────────

	At 31 December 2025	132,150	132,150
		─────────	─────────
	Net book value
	At 31 December 2025	132,150	132,150
		═════════	═════════
	At 31 December 2024	132,150	132,150
		═════════	═════════


5.	Tangible assets
		Land and	Long	Plant and	Motor	Total
		buildings	leasehold	machinery	vehicles
		freehold	property
		£	£	£	£	£
	Cost or Valuation
	At 1 January 2025	-	46,921	301,794	58,032	406,747
	Additions	752,700	8,740	27,103	-	788,543
	Revaluation	482,175	-	-	-	482,175
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2025	1,234,875	55,661	328,897	58,032	1,677,465
		─────────	─────────	─────────	─────────	─────────
	Depreciation and impairments
	At 1 January 2025	-	-	146,903	11,565	158,468
	Charge for the financial year	22,025	-	41,389	8,550	71,964
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2025	22,025	-	188,292	20,115	230,432
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 31 December 2025	1,212,850	55,661	140,605	37,917	1,447,033
		═════════	═════════	═════════	═════════	═════════
	At 31 December 2024	-	46,921	154,891	46,467	248,279
		═════════	═════════	═════════	═════════	═════════

Reserves

Share Premium Reserve

The amount carried forward is the premium that arose from the issue of shares in 2010.

Revaluation Reserve

During the year the company carried out a revaluation of its freehold property at 440-448 Newtownards Road in accordance with Section 17 of FRS102. The revalution was performed by an independent external valuer (Savills).

As a result of this revaluation the carrying amount of the property increased from £527,825 to £1,010,000. The net upward revaluation movement of £482,175 has been recognised in Other Comprehensive Income and accumulated in the Revaluation Reserve.

The company's freehold property at 2 Manderson Street is carried at a revalued amount in accordance with Section 17 of FRS102. The most recent valuation was performed in August 2025 by an independent external valuer (Savills).

During the year, a general decline in the local property market provided an indicator of impairment. As a result, an impairment review was undertaken in accordance with Section 27 of FRS 102. Following the review, an impairment loss of £20,000 has been recognised.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2025.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.


9.	Changes in Equity

	Other Comprehensive Income	2025	2024
		£	£

	Revaluation reserve unrealised movement on revaluation of property	482,175	-
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