COMPANY REGISTRATION NUMBER:
NI632664
|
Filleted Unaudited Financial Statements |
|
Year ended 31 July 2025
The directors present their report and the unaudited financial statements of the company for the year ended
31 July 2025
.
Directors
The directors who served the company during the year were as follows:
|
P T Mc Cormack |
|
|
Mr M Canning |
|
|
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Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
28 April 2026
and signed on behalf of the board by:
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Registered office: |
|
Unit 1 739 Antrim Road |
|
Belfast |
|
BT15 4EL |
|
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
CHJ (125) Limited |
|
Year ended 31 July 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 July 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Maneely Mc Cann Chartered Accountants
Chartered Accountants
Aisling House
50 Stranmillis Embankment
Belfast
BT9 5FL
28 April 2026
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Statement of Financial Position |
|
31 July 2025
Current assets
|
Stocks |
4,525,152 |
3,932,858 |
|
Debtors |
4 |
53,251 |
33,773 |
|
Cash at bank and in hand |
89,784 |
15,549 |
|
------------ |
------------ |
|
4,668,187 |
3,982,180 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
5,694,038 |
4,986,976 |
|
------------ |
------------ |
|
Net current liabilities |
1,025,851 |
1,004,796 |
|
------------ |
------------ |
|
Total assets less current liabilities |
(
1,025,851) |
(
1,004,796) |
|
------------ |
------------ |
|
Net liabilities |
(
1,025,851) |
(
1,004,796) |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
4 |
4 |
|
Profit and loss account |
(
1,025,855) |
(
1,004,800) |
|
------------ |
------------ |
|
Shareholders deficit |
(
1,025,851) |
(
1,004,796) |
|
------------ |
------------ |
|
|
|
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 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 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 April 2026
, and are signed on behalf of the board by:
Company registration number:
NI632664
|
Notes to the Financial Statements |
|
Year ended 31 July 2025
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 1 739 Antrim Road, Belfast, BT15 4EL.
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
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.
Going concern
These financial statements have been prepared on a going concern basis, notwithstanding the fact that the company had net current liabilities of £1,025,851 and a net shareholders deficiency of £1,025,851 at the balance sheet date. Despite difficulties faced in relation to the property which the company occupies, the directors have considered future financial projections, future cashflows and are confident that the company will continue to trade for the foreseeable future. The directors consider that, subject to the continued support from the company's lenders, it is appropriate that the financial statements for the period ended 31 July 2025 are prepared on a going concern basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
53,251 |
33,773 |
|
-------- |
-------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
506,273 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
4,057,532 |
4,057,533 |
|
Other creditors |
1,130,233 |
929,443 |
|
------------ |
------------ |
|
5,694,038 |
4,986,976 |
|
------------ |
------------ |
|
|
|
6.
Related party transactions
Galanta No.1 Limited The directors of
CHJ (125) Limited
have a participating interest in Galanta No.1 Limited. At the year end, CHJ (125) Limited
owed a balance to Galanta No.1 Limited of £770,000 (2024: £770,000). PWD Developments Limited The directors of CHJ (125) Limited
have a participating interest in PWD Developments Limited. At the year end, CHJ (125) Limited
owed a balance to PWD Developments Limited of £767,692 (2024: £767,692). Galanta No. 2 Limited The directors of CHJ (125) Limited
have a participating interest in Galanta No. 2 Limited. At the year end, CHJ (125) Limited
owed a balance to Galanta No. 2 Limited of £2,519,841 (2024: £2,519,841). Brayfield Developments Limited The directors of CHJ (125) Limited
have a participating interest in Brayfield Developments Limited. At the year end, CHJ (125) Limited
owed a balance to Brayfield Developments Limited of £1,123,033 (2024: £922,243).