Gillen & Co Solicitors Limited 31/10/2025 iXBRL

Company registration number: NI648889

Gillen & Co Solicitors Limited

Unaudited filleted financial statements

31 October 2025

Gillen & Co Solicitors Limited

Contents

Directors and other information

Accountants report

Balance sheet

Notes to the financial statements

Gillen & Co Solicitors Limited

Directors and other information


Directors	Michael Gillen
	Maria Gillen
	Ruairi Gillen	(Resigned 28 August 2025)
	Ian Ward


Company number	NI648889


Registered office	3 Old Kenlis Street
	Banbridge
	Down
	BT32 3BD


Accountants	Jones Peters
	6 Church Street
	Banbridge
	Down
	BT32 4AA




	Bankers	Danske Bank
		45-48 High Street
		Portadown
		Craigavon
		Co Armagh
		BT62 1LB

Gillen & Co Solicitors Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Gillen & Co Solicitors Limited

Year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gillen & Co Solicitors Limited for the year ended 31 October 2025 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of Gillen & Co Solicitors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Gillen & Co Solicitors Limited and state those matters that we have agreed to state to the board of directors of Gillen & Co Solicitors Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gillen & Co Solicitors Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Gillen & Co Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gillen & Co Solicitors Limited. You consider that Gillen & Co Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gillen & Co Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jones Peters

6 Church Street

Banbridge

Down

BT32 4AA

27 October 2026

Gillen & Co Solicitors Limited

Balance sheet

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	40,000		60,000
Tangible assets	6	10,526		12,123
		_______		_______
			50,526		72,123

Current assets
Amounts recoverable on contracts		105,989		100,124
Debtors	7	423,108		374,105
Client bank accounts		4,258,451		3,308,422
Cash at bank and in hand		83		97
		_______		_______
		4,787,631		3,782,748
Creditors: amounts falling due
within one year	8	( 4,704,223)		( 3,736,092)
		_______		_______
Net current assets			83,408		46,656
			_______		_______
Total assets less current liabilities			133,934		118,779

			_______		_______
Net assets			133,934		118,779
			_______		_______

Capital and reserves
Called up share capital	9		100		100
Profit and loss account			133,834		118,679
			_______		_______
Shareholders funds			133,934		118,779
			_______		_______

For the year ending 31 October 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 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 Profit and loss account and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 October 2026 , and are signed on behalf of the board by:

Michael Gillen

Director

Company registration number: NI648889

Gillen & Co Solicitors Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 3 Old Kenlis Street, Banbridge, Down, BT32 3BD.

2. Statement of compliance

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	20 %

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Fittings fixtures and equipment	-	20 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2024: 15).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 November 2024 and 31 October 2025	270,833	270,833
	_______	_______
Amortisation
At 1 November 2024	210,833	210,833
Charge for the year	20,000	20,000
	_______	_______
At 31 October 2025	230,833	230,833
	_______	_______
Carrying amount
At 31 October 2025	40,000	40,000
	_______	_______
At 31 October 2024	60,000	60,000
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 November 2024	72,058	72,058
Additions	3,123	3,123
	_______	_______
At 31 October 2025	75,181	75,181
	_______	_______
Depreciation
At 1 November 2024	59,935	59,935
Charge for the year	4,720	4,720
	_______	_______
At 31 October 2025	64,655	64,655
	_______	_______
Carrying amount
At 31 October 2025	10,526	10,526
	_______	_______
At 31 October 2024	12,123	12,123
	_______	_______

7. Debtors

	2025	2024
	£	£
Office debtors	387,641	336,525
Prepayments and accrued income	28,435	35,840
Other debtors	7,032	1,740
	_______	_______
	423,108	374,105
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	220,674	151,484
Client monies held	4,258,451	3,308,422
Accruals and deferred income	6,500	6,500
Corporation tax	78,879	72,345
Social security and other taxes	53,026	52,669
Director loan accounts	85,833	143,878
Other creditors	860	794
	_______	_______
	4,704,223	3,736,092
	_______	_______

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each - £ 1.00 paid	100	100	100	100