Inislyn Office Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI042942

Inislyn Office Company Limited

Filleted Unaudited Financial Statements

31 March 2026

Inislyn Office Company Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	4	5,204,236	5,206,636

Current assets

Debtors	5	188,586	359,127
Cash at bank and in hand		189,007	168,379
		---------	---------
		377,593	527,506

Creditors: amounts falling due within one year	6	72,398	123,417
		---------	---------
Net current assets		305,195	404,089
		------------	------------
Total assets less current liabilities		5,509,431	5,610,725

Provisions	485,000	485,000
	------------	------------
Net assets	5,024,431	5,125,725
	------------	------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	5,024,429	5,125,723
	------------	------------
Shareholders funds	5,024,431	5,125,725
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Inislyn Office Company Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 20 May 2026 , and are signed on behalf of the board by:

Mr D A Donnelly	T A Devlin
Secretary	Director

Company registration number: NI042942

Inislyn Office Company Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in N Ireland. The address of the registered office is 54 Lisburn Road, Belfast, BT9 6AF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Disclosure exemptions

The company satisfies the criteria of being a qualifying entity as defined in FRS 102; advantage has been taken of the disclosure exemptions available under FRS 102.

(c) Judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions that can affect the application of accounting policies and the reported values of assets, liabilities income and expenses. Actual results may differ from these estimates, which are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the accounting period in which the estimate is revised.

(d) Tangible assets

Tangible fixed assets are stated at cost or valuation less any accumulated depreciation. Depreciation is calculated so as to allocate the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Investment Property 2% Fixtures & Fittings 20% The useful lives and residual values of assets are reviewed and adjusted where appropriate or where there has been a significant change since the previous accounting period. Gains and losses on disposals are recognised in the Statement of Comprehensive Income.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

		-	20% straight line

(f) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	5,199,348	12,088	5,211,436
	------------	--------	------------
Depreciation
At 1 April 2025	–	4,800	4,800
Charge for the year	–	2,400	2,400
	------------	--------	------------
At 31 March 2026	–	7,200	7,200
	------------	--------	------------
Carrying amount
At 31 March 2026	5,199,348	4,888	5,204,236
	------------	--------	------------
At 31 March 2025	5,199,348	7,288	5,206,636
	------------	--------	------------

5. Debtors

	2026	2025
	£	£
Other debtors	188,586	359,127
	---------	---------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	66,159	80,949
Other creditors	6,239	42,468
	--------	---------
	72,398	123,417
	--------	---------

7. Financial instruments

The company enters into basic financial instruments only. These transactions can result in the recognition of financial assets and liabilities such as trade accounts receivable or payable.

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D A Donnelly	82	301	383
T A Devlin	88	302	390
	----	----	----
	170	603	773
	----	----	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D A Donnelly	82	–	82
T A Devlin	88	–	88
	----	----	----
	170	–	170
	----	----	----

9. Related party transactions

The company is under the control of Messrs Donnelly & Devlin, who are also directors and members of CH4CH Limited which provided Management Services totalling £NIL (31 March 2025: £NIL) to the company. In addition, both are the beneficiaries of The New Mutual Holding Company, Retirement Benefit Scheme, a Small Self Administered Scheme (SSAS), which owns one half of a floor in "The Lighthouse Building" and which is available to be let by the company. The SSAS receives from the company, less appropriate expenses, equal to 8.33% of the rent received from the tenant. Debit balances on the director's accounts arose when The New Mutual Company Limited entered the liquidation process. At 31 March 2026, the total indebtedness oF the two directors was £NIL (31 March 2025: £286,128). The directors' total indebtedness was repaid in July 2025.