Edward (NI) Limited iXBRL

Company Registration Number: NI618835

Edward (NI) Limited

Unaudited Financial Statements

for the financial year ended 30 June 2025

Edward (NI) Limited

Company Registration Number: NI618835

BALANCE SHEET

as at 30 June 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

765,711

567,627

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Current Assets

Stocks

227,288

189,509

Debtors

2,891

31,071

Cash and cash equivalents

4,205

5,250

─────────

234,384

225,830

─────────

Creditors: amounts falling due within one year

(613,756)

(408,130)

─────────

Net Current Liabilities

(379,372)

(182,300)

─────────

Total Assets less Current Liabilities

386,339

385,327

Creditors:

amounts falling due after more than one year

(96,999)

(111,563)

Provisions for liabilities

567

567

─────────

Net Assets

289,907

274,331

═════════

Capital and Reserves

Called up share capital

Retained earnings

289,906

274,330

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Equity attributable to owners of the company

289,907

274,331

═════════

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 Profit and Loss Account and Director's Report.

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms 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 director acknowledges 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 Director and authorised for issue on 29 June 2026




________________________________
Mr Trevor Reynolds
Director

Edward (NI) Limited

RECONCILIATION OF SHAREHOLDERS' FUNDS

as at 30 June 2025

	Called up	Retained	Total
	share	earnings
	capital
	£	£	£

At 1 July 2023	1	217,431	217,432
	─────────	─────────	─────────
Profit for the financial year	-	56,899	56,899
	─────────	─────────	─────────
At 30 June 2024	1	274,330	274,331
	─────────	─────────	─────────
Profit for the financial year	-	15,576	15,576
	─────────	─────────	─────────
At 30 June 2025	1	289,906	289,907
	═════════	═════════	═════════

Edward (NI) Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 June 2025

General Information

Edward (NI) Limited is a company limited by share incorporated in Northern Ireland. The registered office address is 16 Mount Charles, Belfast, BT7 1NZ. The principle place of business 14 Upper Lisburn Road, Belfast, BT10 0AA. The reporting currency is pounds sterling.

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 June 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.

The going concern basis assumes that the company will continue in operational existence for the foreseeable future, having adequate funds to meet its obligations as they fall due.

The company generates income from property development & investment portfolios which has been impacted by the current, unprecedented challenges posed by the COVID-19 pandemic. Consequently, the validity of this assumption depends on the continued support of the UK Government and the company’s director.

Turnover

Turnover represents the total invoice value of sales made during the year and rental income.

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

Plant and machinery

20% Reducing balance

Fixtures, fittings and equipment

25% straight line

Motor vehicles

25% 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.

Leasing and hire purchases

Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.

Stocks

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 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.

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.

Ordinary share capital

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

Employees

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

2025

2024

Number

Number

Directors

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4.	Tangible assets
		Land and	Plant and	Fixtures,	Motor	Total
		buildings	machinery	fittings and	vehicles
		freehold		equipment
		£	£	£	£	£
	Cost
	At 1 July 2024	671,670	46,409	5,250	15,875	739,204
	Additions	218,087	-	-	-	218,087
		─────────	─────────	─────────	─────────	─────────
	At 30 June 2025	889,757	46,409	5,250	15,875	957,291
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 July 2024	117,709	41,749	263	11,856	171,577
	Charge for the financial year	17,068	932	998	1,005	20,003
		─────────	─────────	─────────	─────────	─────────
	At 30 June 2025	134,777	42,681	1,261	12,861	191,580
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 30 June 2025	754,980	3,728	3,989	3,014	765,711
		═════════	═════════	═════════	═════════	═════════
	At 30 June 2024	553,961	4,660	4,987	4,019	567,627
		═════════	═════════	═════════	═════════	═════════


5.	Stocks	2025	2024
		£	£

	Work in progress	227,288	189,509
		═════════	═════════


6.	Debtors	2025	2024
		£	£

	Taxation (Note 9)	2,291	15,217
	Prepayments and accrued income	600	15,854
		─────────	─────────
		2,891	31,071
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank overdrafts	21,470	13,495
	Bank loan	17,338	17,338
	Trade creditors	5,660	23,682
	Taxation (Note 9)	51,624	48,395
	Director's current account	88,029	88,029
	Other creditors	394,723	204,666
	Accruals	34,912	12,525
		─────────	─────────
		613,756	408,130
		═════════	═════════


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

	Bank loan	96,999	111,563
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	38,808	30,833
	Repayable between one and two years	77,616	61,666
	Repayable between two and five years	19,383	49,897
		─────────	─────────
		135,807	142,396
		═════════	═════════


9.	Taxation	2025	2024
		£	£

	Debtors:
	VAT	13	15,217
	PAYE / NI	2,278	-
		─────────	─────────
		2,291	15,217
		═════════	═════════
	Creditors:
	Corporation tax	51,624	40,340
	PAYE / NI	-	8,055
		─────────	─────────
		51,624	48,395
		═════════	═════════

10.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

(567)

(567)

(751)

Charged to profit and loss

184

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At financial year end

(567)

(567)

═════════

11.

Related party transactions

The balance due to the directors in-laws from the company at the year end was £185,640 (2024: £185,640) and is included within other creditors.

Deirdre Byrne Interiors Limited, a company in which Ms Byrne is also a director. The balance due to Deirdre Byrne Interiors Limited at the year end was £5,650 (2024: £11,291) and is included within other creditors.

Edward (NI) Limited repaid £5,641 (2024: £NIL) and was charged interest of £NIL (2024: £NIL).

Edward (NI) Limited repaid £NIL (2024: £21,000) of a loan from ECMR Building Company Ltd, a company of which the directors in-law is a director and was charged interest of £NIL (2024: £Nil). The balance due to ECMR Building Company Ltd from Edward (NI) Limited at the year was £56,450 (2024: £28,000) and is included within other creditors.

12.

Controlling interest

Mr Trevor Reynolds is the company's ultimate controlling party as she holds 100% of the company's ordinary share capital.