Bridgeclip (Antrim) Limited iXBRL

Company Registration Number: 10978625

Bridgeclip (Antrim) Limited

ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 30 June 2025

BRIDGECLIP (ANTRIM) LIMITED

DIRECTORS AND OTHER INFORMATION


Directors	Noel Smyth
	Alannah Smyth
	Bryan Lawlor (Resigned 30 June 2025)


Company Secretary	Alannah Smyth


Company Registration Number	10978625


Registered Office	King Loose & Co.
	St. John's House
	5 South Parade
	Summertown
	Oxford
	OX2 7JL
	United Kingdom


Independent Auditors	Kieran Ryan & Co.
	Chartered Accountants and Statutory Audit Firm
	20 Upper Mount Street
	Dublin 2
	Republic of Ireland


Solicitors	Johns Elliot Solicitors
	40 Linenhall Street
	Belfast
	United Kingdom

BRIDGECLIP (ANTRIM) LIMITED

Company Registration Number: 10978625

ABRIDGED BALANCE SHEET

as at 30 June 2025

		2025	2024
	Notes	£	£

Current Assets

Debtors	1,526,921	1,697,099
Creditors: amounts falling due within one year	(1,692,547)	(1,675,483)
	─────────	─────────
Net Current (Liabilities)/Assets	(165,626)	21,616
	─────────	─────────
Total Assets less Current Liabilities	(165,626)	21,616
	═════════	═════════

Capital and Reserves

Called up share capital	100	100
Retained earnings	(165,726)	21,516
	─────────	─────────
Equity attributable to owners of the company	(165,626)	21,616
	═════════	═════════

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.

Approved by the Board and authorised for issue on 12 August 2026 and signed on its behalf by

Noel Smyth

Director

Alannah Smyth

Director

BRIDGECLIP (ANTRIM) LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

General Information

Bridgeclip (Antrim) Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is King Loose & Co., St. John's House, 5 South Parade, Summertown, Oxford, OX2 7JL, United Kingdom, which is also the principal place of business of the company. The principal activity of the company is as 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 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 in accordance with the historical cost convention except for certain financial instruments that are measured at 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 company ceased its trading activity in the year ended 30 June 2022 and the directors have no plans to re-commence trading. Thus, the directors have concluded that it is appropriate to prepare the financial statements on a basis other than going concern (break-up basis).

The preparation of financial statements on a break-up basis is a departure from the requirement of the Companies Act 2006 to prepare financial statements on a going concern basis. This departure is made in order to comply with the overriding requirement in the Act for the financial statements to give a true and fair view. The break-up basis requires the carrying value of the assets to be at the amounts expected to realise and liabilities include any amounts which have crystallised as a result of the decision to wind up the company. In all other respects the financial statements have been prepared in accordance with the accounting framework. The financial reporting framework that has been applied in their preparation is the Companies Act 2006 and FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” issued by the Financial Reporting Council.

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 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.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet 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 Profit and Loss Account.

Ordinary share capital

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

Exceptional item

Exceptional items are those that in the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

Significant accounting judgements and key sources of estimation uncertainty

Particular attention was given to the recoverability of intercompany balances due to the significance of these balances to the company's net asset position and the impairment recognised in a prior period. Following a review of current financial information, forecasts and the continued support available within the group, the directors concluded that the impairment held at 30 June 2025 was reasonable.

Going concern

At the year ended 30 June 2025, the company had net liabilities of £165,626.

The directors expect to wind-up the company in the near future. The directors do not consider the company to be a going concern and, accordingly, these financial statements have been prepared on the break-up basis of accounting.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. The following are the matters to which the auditors were required to refer by way of emphasis

Emphasis of Matter

In forming our opinion on the financial statements, which is not modified, we have considered the presentation of the financial statements on the break-up basis, the adjustments arising from this presentation, and the adequacy of the disclosures made in the Directors’ Report and note 4 to the financial statements. The directors have considered the financial situation of the company including the events subsequent to the financial year-end. The company sold all properties held and ceased trading during the financial year to 30 June 2022. The directors have no plans for the company to recommence trade and based on the above it is appropriate to prepare the financial statements on a basis other than going concern (break-up basis). The break-up basis involves reducing the assets to their realisable values and providing liabilities arising from the decision.

The financial statements were audited by Kieran Ryan & Co..

The Auditor's Report was signed by Jonathan Bennett (Senior Statutory Auditor) for and on behalf of Kieran Ryan & Co. on 12th August 2026.

Provisions Available for Audits of Small Entities

In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to His Majesty's Revenue and Customs and to assist with the preparation of the financial statements.

Capital commitments

The company had no capital commitments at the financial year-ended 30 June 2025.

Parent and ultimate parent company

The company regards Bridgeclip UK Holdings Limited as its parent company.

The companys ultimate parent undertaking is Bridgeclip Holdings Limited.

The address of Bridgeclip Holdings Limited is The Lodge, Ballyogan Road, Sandyford Dublin 18 Ireland.

Controlling interest

Anne Marie Smyth and Noel Smyth hold the controlling interest in the company.

10.

Post-Balance Sheet Events

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