Houston Brothers Limited iXBRL

Company Registration Number: NI005724

Houston Brothers Limited

Abridged Unaudited Financial Statements

for the financial year ended 31 January 2026

Houston Brothers Limited

Company Registration Number: NI005724

ABRIDGED BALANCE SHEET

as at 31 January 2026

		2026	2025
	Notes	£	£

Fixed Assets

Investment properties

1,602,703

1,602,703

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Current Assets

Debtors

39,973

18,582

Cash and cash equivalents

11,391

520

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51,364

19,102

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Creditors: amounts falling due within one year

(171,277)

(174,477)

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Net Current Liabilities

(119,913)

(155,375)

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Total Assets less Current Liabilities

1,482,790

1,447,328

Creditors:

amounts falling due after more than one year

(72,531)

(128,898)

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Net Assets

1,410,259

1,318,430

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Capital and Reserves

Called up share capital

34,500

34,500

Revaluation reserve

1,164,349

1,164,349

Other reserves

14,179

14,179

Retained earnings

197,231

105,402

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Equity attributable to owners of the company

1,410,259

1,318,430

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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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 31 January 2026 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 29 July 2026 and signed on its behalf by



________________________________			________________________________
Mr. John Houston			Mr. Peter Houston
Director			Director

Houston Brothers Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 January 2026

General Information

Houston Brothers Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 2a Scarva Street, Banbridge, BT32 3DA which is also the principal place of business of the company. The prinicipal activity is that of holding investment property. 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 31 January 2026 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.

Turnover

Turnover comprises the invoice value of rents charged by the company, exclusive of value added tax.

Investments

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 profit and loss account in the year in which it is receivable.

Investment properties

Investment property whose fair value can be measured reliably without undue cost or effort is measured at fair value with changes in fair value recognised in the Profit and Loss Account. Revalued investment properties are not depreciated or amortised, unless the fair value cannot be measured reliably or without undue cost or effort.

Not depreciating or amortising property is a departure from the requirement of Company Law to provide depreciation on all fixed assets which have a limited useful life. However, these investment properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. If depreciation were to be provided it would be provided at a rate of 2% straight line per annum on the revalued amount.

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.

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

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.

Ordinary share capital

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

Investment Properties

Investment

properties

Cost

At 31 January 2026

1,602,703

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Net book value

At 31 January 2026

1,602,703

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At 31 January 2025

1,602,703

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The historical cost of the investment properties held at 31 January 2026 amounted to £998,132 (2025: £998,132).

No item of investment property was valued by an external independent valuer. The directors value the portfolio each year.

Reserves

Revaluation Reserve

Where investment properties are revalued, the cumulative increase in the fair value of the properties in excess of any previous impairment losses are included in the revaluation reserve. At 31 January 2026 the investment property revaluation reserve is £1,164,349 (2025: £1,164,349).

Historically when tangible fixed assets were revaluated the cumulative increase in the value of the fixed assets were included in the revaluation reserve. At 31 January 2026 the tangible fixed asset revaluation reserve is £NIL (2025: £NIL).

Capital commitments

The company had no material capital commitments at the financial year-ended 31 January 2026.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.