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Registration number: NI042144

St. James's Lodge Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

St. James's Lodge Limited

(Registration number: NI042144)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 2,037,731 | 2,070,340
Current assets |  |  |
Debtors | 5 | 23,904 | 12,684
Cash at bank and in hand |  | 388,874 | 304,900
|  | 412,778 | 317,584
Creditors: Amounts falling due within one year | 6 | (272,204) | (245,090)
Net current assets |  | 140,574 | 72,494
Total assets less current liabilities |  | 2,178,305 | 2,142,834
Creditors: Amounts falling due after more than one year | 6 | (643,844) | (682,064)
Net assets |  | 1,534,461 | 1,460,770
Capital and reserves |  |  |
Called up share capital | 8 | 360,004 | 360,004
Capital redemption reserve |  | 180,002 | 180,002
Retained earnings |  | 994,455 | 920,764
Shareholders' funds |  | 1,534,461 | 1,460,770

For the financial year ending 31 March 2026 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 30 April 2026 and signed on its behalf by:

......................................... Francis Donal McKenna Director

St. James's Lodge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in N. Ireland.

The address of its registered office is: 22-30 Broadway Avenue, Ballymena, County Antrim, BT43 7AA.

These financial statements were authorised for issue by the Board on 30 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts. Revenue from the rendering of services is recognised on completion of the service provision, at which point the company has generated a right to consideration.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

St. James's Lodge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation

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

Asset class | Depreciation method and rate
Buildings | 2% per annum straight line basis
Fixtures and fittings | 10% per annum straight line basis

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.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 68 (2025 - 71).

St. James's Lodge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 2,472,599 | 346,248 | 2,818,847
Additions | - | 5,670 | 5,670
Disposals | - | (9,099) | (9,099)
At 31 March 2026 | 2,472,599 | 342,819 | 2,815,418
Depreciation
At 1 April 2025 | 407,607 | 340,900 | 748,507
Charge for the year | 35,452 | 2,827 | 38,279
Eliminated on disposal | - | (9,099) | (9,099)
At 31 March 2026 | 443,059 | 334,628 | 777,687
Carrying amount
At 31 March 2026 | 2,029,540 | 8,191 | 2,037,731
At 31 March 2025 | 2,064,992 | 5,348 | 2,070,340

Included within the net book value of land and buildings above is £2,029,540 (2025 - £2,064,992) in respect of freehold land and buildings.

5 | Debtors

Current | Note | 2026 £ | 2025 £
Trade debtors |  | 12,803 | 2,045
Amounts owed by related parties | 9 | 440 | 1,340
Prepayments |  | 8,506 | 7,475
Other debtors |  | 2,155 | 1,824
|  | 23,904 | 12,684

St. James's Lodge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 7 | 30,000 | 30,000
Trade creditors |  | 22,252 | 21,477
Taxation and social security |  | 93,813 | 68,815
Accruals and deferred income |  | 113,966 | 124,798
Other creditors |  | 12,173 | -
|  | 272,204 | 245,090

7 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 643,844 | 682,064

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 30,000 | 30,000

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 360,004 | 360,004 | 360,004 | 360,004

9 | Related party transactions

At the year end the director owed the Company £2,155 (2025: £1,825).
At the year end Knock Hall Ltd owed the Company £440 (2025: £1,340).

St. James's Lodge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10 | Parent and ultimate parent undertaking

The company's immediate parent is Knock Hall Limited, incorporated in Northern Ireland.