Bangor Marine Court Hotel Limited iXBRL

Company Registration Number: NI038323

Bangor Marine Court Hotel Limited

Unaudited Financial Statements

for the financial year ended 30 September 2025

Bangor Marine Court Hotel Limited

DIRECTORS AND OTHER INFORMATION


Directors	Eamon Diamond
	Eileen Diamond


Company Secretary	Eamon Diamond


Company Registration Number	NI038323


Registered Office	21 Howard Street
	Belfast
	Antrim
	BT1 6NB


Business Address	21 Howard Street
	Belfast
	BT1 6NB


Accountants	Quarter
	Chartered Accountants
	St Anne's House
	15 Church Street
	Belfast
	BT1 1PG


Bankers	Bank of Ireland
	1 Donegal Square
	BT1 5LR


Solicitors	Davidson McDonnell Solicitors
	24 Waring Street
	Belfast
	BT1 2DX

Bangor Marine Court Hotel Limited

CHARTERED ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Bangor Marine Court Hotel Limited

for the financial year ended 30 September 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2025 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Bangor Marine Court Hotel Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by and have complied with the relevant ethical guidance laid down by relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 30 September 2025 your duty to ensure that Bangor Marine Court Hotel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bangor Marine Court Hotel Limited. You consider that Bangor Marine Court Hotel Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Bangor Marine Court Hotel Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

QUARTER

Chartered Accountants

St Anne's House

15 Church Street

Belfast

BT1 1PG

16 March 2026

Bangor Marine Court Hotel Limited

Company Registration Number: NI038323

STATEMENT OF FINANCIAL POSITION

as at 30 September 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Tangible assets

428,233

474,622

Financial assets

1,653,706

1,611,049

─────────

Non-Current Assets

2,081,939

2,085,671

─────────

Current Assets

Stocks

1,780

1,645

Debtors

17,094

290,548

Cash at bank and in hand

1,756

35,678

─────────

20,630

327,871

─────────

Creditors: amounts falling due within one year

(1,235,443)

(1,943,960)

─────────

Net Current Liabilities

(1,214,813)

(1,616,089)

─────────

Total Assets less Current Liabilities

867,126

469,582

Creditors:

amounts falling due after more than one year

(238,136)

(65,573)

Provisions for liabilities

(5,479)

(10,411)

─────────

Net Assets

623,511

393,598

═════════

Equity

Called up share capital

Retained earnings

623,509

393,596

─────────

Equity attributable to owners of the company

623,511

393,598

═════════

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).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 30 September 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 16 March 2026 and signed on its behalf by



________________________________
Eamon Diamond
Director

Bangor Marine Court Hotel Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 September 2025

General Information

Bangor Marine Court Hotel Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI038323. The registered office of the company is 21 Howard Street, Belfast, Antrim, BT1 6NB. The nature of the company's operations and its principal activities are set out in the Directors' Report. 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 year ended 30 September 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.

Revenue

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets and depreciation

Property, plant and equipment 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 property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Short leasehold property

5% Reducing Balance

Plant and machinery

20% Reducing Balance

Fixtures, fittings and equipment

20% Reducing Balance

Motor vehicles

15% 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.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.

Inventories

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 receivables

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 payables

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.

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 Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position 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 Income Statement.

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 22, (2024 - 22).

2025

2024

Number

Number

All

═════════


4.	Tangible assets
		Short	Plant and	Fixtures,	Motor	Total
		leasehold	machinery	fittings and	vehicles
		property		equipment
		£	£	£	£	£
	Cost
	At 1 October 2024	315,337	529,699	1,207,272	141,298	2,193,606
	Additions	18,529	-	-	-	18,529
	Disposals	-	-	(1,013,702)	-	(1,013,702)
		─────────	─────────	─────────	─────────	─────────
	At 30 September 2025	333,866	529,699	193,570	141,298	1,198,433
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 October 2024	74,283	488,998	1,124,522	31,181	1,718,984
	Charge for the financial year	12,979	8,140	16,550	16,518	54,187
	On disposals	-	-	(1,002,971)	-	(1,002,971)
		─────────	─────────	─────────	─────────	─────────
	At 30 September 2025	87,262	497,138	138,101	47,699	770,200
		─────────	─────────	─────────	─────────	─────────
	Carrying amount
	At 30 September 2025	246,604	32,561	55,469	93,599	428,233
		═════════	═════════	═════════	═════════	═════════
	At 30 September 2024	241,054	40,701	82,750	110,117	474,622
		═════════	═════════	═════════	═════════	═════════

4.1.

Tangible assets continued

Included above are assets held under finance leases or hire purchase contracts as follows:

2025

2024

Carrying

Depreciation

Carrying

Depreciation

amount

charge

amount

charge

Motor vehicles

45,504

8,030

53,534

9,447

═════════


5.	Financial fixed assets
		Other	Total
		investments

	Investments	£	£
	Cost
	At 1 October 2024	1,611,049	1,611,049
	Additions	42,657	42,657
		─────────	─────────
	At 30 September 2025	1,653,706	1,653,706
		─────────	─────────
	Carrying amount
	At 30 September 2025	1,653,706	1,653,706
		═════════	═════════
	At 30 September 2024	1,611,049	1,611,049
		═════════	═════════


6.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	1,780	1,645
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


7.	Debtors	2025	2024
		£	£

	Prepayments and accrued income	17,094	290,548
		═════════	═════════

Creditors

2025

2024

Amounts falling due within one year

Trade Loans

24,000

24,000

Net obligations under finance leases

and hire purchase contracts

16,800

16,800

Trade creditors

39,349

50,703

Amounts owed to connected parties (Note 12)

952,742

1,222,025

Taxation (Note 10)

189,159

189,097

Directors' current accounts

3,206

5,404

Other creditors

6,937

6,754

Accruals

3,250

429,177

─────────

1,235,443

1,943,960

═════════

Securities

Debenture dated 16/02/2006. Securing all moneys now due, or hereafter to become due, or from time to time accruing due from Bangor Marine Court Hotel Limited to the Bank of Ireland.

Inter Company Cross Guarantee dated 16/02/2006. Amount unlimited from Chester Park Inns Limited/Bangor Marine Court Hotel Limited/Braidview Trading Limited.

First mortgage/charge over The Chester and the intoxicating liquor license attached thereto,

Insurance policy for The Chester with Tennents named as co-insured or sole loss payee,

Personal guarantees from Eamon Diamond and Eileen Diamond, recourse under which to be limited to enforcement of the mortgage/chargeover The Chester,

Deed of postponement in relation to all intercompany/LLP loans and director/member loans.


9.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Trade Loans	198,955	26,392
	Finance leases and hire purchase contracts	39,181	39,181
		─────────	─────────
		238,136	65,573
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 8)	24,000	24,000
	Repayable between one and two years	24,000	24,000
	Repayable between two and five years	174,955	2,392
		─────────	─────────
		222,955	50,392
		═════════	═════════


	Net obligations under finance leases
	and hire purchase contracts
	Repayable within one year	16,800	16,800
	Repayable between one and five years	39,181	39,181
		─────────	─────────
		55,981	55,981
		═════════	═════════


10.	Taxation	2025	2024
		£	£

	Creditors:
	VAT	16,236	31,143
	Corporation tax	171,791	156,085
	PAYE / NI	1,132	1,869
		─────────	─────────
		189,159	189,097
		═════════	═════════

11.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

10,411

10,411

7,932

Charged to profit and loss

(4,932)

(4,932)

2,479

─────────

At financial year end

5,479

10,411

═════════


12.	Related party transactions

	The following amounts are due to other connected parties:
		2025	2024
		£	£

	Chester Park Inns Limited	952,742	999,450
	Braidview Trading Limited	-	222,575
		─────────	─────────
		952,742	1,222,025
		═════════	═════════

	Chester Park Inns Limited Eamon and Eileen Diamond are directors and shareholders of Chester Park Inns Limited and Bangor Marine Court Hotel Limited. At the 1 October 2024 Bangor Marine Court Hotel Limited owed Chester Park Inns Limited £999,450. During the year net transactions between the two entities totalled £46,708, leaving a closing amount payable by Bangor Marine Court Hotel Limited of £952,742 at 30 September 2025. Braidview Trading Limited Eamon and Eileen Diamond are directors and shareholders of Braidview Trading Limited and Bangor Marine Court Hotel Limited. At the 1 October 2024 Bangor Marine Court Hotel Ltd owed Braidview Trading Limited £222,575. During the year net transactions between the two entities totalled £222,575 leaving a closing balance of £nil payable by Braidview Trading Limited at 30 September 2025. Dukes Belfast LLP Bangor Marine Court Hotel Limited is a member of Dukes Belfast LLP. At the 1 October 2024 Bangor Marine Court Hotel Limited had a capital account balance of £1,611,049 in Dukes Belfast LLP. During the year net transactions between the two entities totalled £8,704. In addition to this Bangor Marine Court Hotel Limited was assigned a Profit of £33,953 from Dukes Belfast LLP leaving a closing balance of £1,653,706 as at 30 September 2025.