0
false
false
false
true
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2021-01-01
Sage Accounts Production Advanced 2020 - FRS102_2019
177,605
177,605
177,605
xbrli:pure
xbrli:shares
iso4217:GBP
NI605214
2021-01-01
2021-12-31
NI605214
2021-12-31
NI605214
2020-12-31
NI605214
core:Subsidiary1
2021-01-01
2021-12-31
NI605214
core:Subsidiary2
2021-01-01
2021-12-31
NI605214
core:Subsidiary3
2021-01-01
2021-12-31
NI605214
core:Subsidiary4
2021-01-01
2021-12-31
NI605214
core:Subsidiary5
2021-01-01
2021-12-31
NI605214
core:Subsidiary6
2021-01-01
2021-12-31
NI605214
bus:RegisteredOffice
2021-01-01
2021-12-31
NI605214
bus:LeadAgentIfApplicable
2021-01-01
2021-12-31
NI605214
bus:Director2
2021-01-01
2021-12-31
NI605214
bus:CompanySecretary1
2021-01-01
2021-12-31
NI605214
core:WithinOneYear
2021-12-31
NI605214
core:WithinOneYear
2020-12-31
NI605214
core:ShareCapital
2021-12-31
NI605214
core:ShareCapital
2020-12-31
NI605214
core:RetainedEarningsAccumulatedLosses
2021-12-31
NI605214
core:RetainedEarningsAccumulatedLosses
2020-12-31
NI605214
core:CostValuation
core:Non-currentFinancialInstruments
2021-12-31
NI605214
core:Non-currentFinancialInstruments
2021-12-31
NI605214
core:Non-currentFinancialInstruments
2020-12-31
NI605214
bus:SmallEntities
2021-01-01
2021-12-31
NI605214
bus:Audited
2021-01-01
2021-12-31
NI605214
bus:FullAccounts
2021-01-01
2021-12-31
NI605214
bus:SmallCompaniesRegimeForAccounts
2021-01-01
2021-12-31
NI605214
bus:PrivateLimitedCompanyLtd
2021-01-01
2021-12-31
COMPANY REGISTRATION NUMBER:
NI605214
Filleted Financial Statements
|
|
Year ended 31 December 2021
Officers and professional advisers
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
3 to 6
|
|
|
Officers and Professional Advisers
|
|
Company secretary
|
Mr M A Herbert
|
|
|
Registered office
|
Aisling House
|
|
50 Stranmillis Embankment
|
|
Belfast
|
|
Northern Ireland
|
|
BT9 5FL
|
|
|
Auditor
|
Maneely Mc Cann
|
|
Chartered Accountants & Statutory Auditors
|
|
Aisling House
|
|
50 Stranmillis Embankment
|
|
Belfast
|
|
BT9 5FL
|
|
|
Bankers
|
Danske Bank
|
|
Donegall Square West
|
|
Belfast
|
|
BT1 6JS
|
|
|
Solicitors
|
Carson McDowell
|
|
Murray House
|
|
Murray Street
|
|
Belfast
|
|
BT1 6DN
|
|
|
Statement of Financial Position
|
|
31 December 2021
Fixed assets
Investments
|
4
|
|
177,605
|
177,605
|
|
|
|
|
|
Current assets
Creditors: amounts falling due within one year
|
6
|
5,690
|
|
2,253
|
|
-------
|
|
-------
|
Net current liabilities
|
|
4,690
|
1,253
|
|
|
---------
|
---------
|
Total assets less current liabilities
|
|
172,915
|
176,352
|
|
|
---------
|
---------
|
Net assets
|
|
172,915
|
176,352
|
|
|
---------
|
---------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
177,500
|
177,500
|
Profit and loss account
|
|
(
4,585)
|
(
1,148)
|
|
|
---------
|
---------
|
Shareholders funds
|
|
172,915
|
176,352
|
|
|
---------
|
---------
|
|
|
|
|
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.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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
6 April 2022
, and are signed on behalf of the board by:
Company registration number:
NI605214
Notes to the Financial Statements
|
|
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL, Northern Ireland.
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.
Consolidation
The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Income tax
Corporation tax is calculated on the results for the year. Tax deferred as a result of timing differences between accounting and taxation profits is provided for in full in respect of deferred tax liabilities with the exception of differences arising from the revaluation of fixed assets, where there is no binding agreement to sell the asset at the balance sheet date and where the gain or loss on such a sale has not been recognised in the financial statements. Such provision or recognition is made at the taxation rates at which the differences are expected to to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax assets are recognised to the extent that they are regarded as recoverable. Tax losses are surrendered between group companies for no consideration. Tax arising on the sale of revalued assets is allocated on a pro rata basis between any gain reported in the profit and loss account and the revaluation gains reported previously in the statement of total recognised gains and losses.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
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. For the purposes of impairment testing, 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 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 entity 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.
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. 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.
Investments
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 1 January 2021 and 31 December 2021
|
177,605
|
|
---------
|
Impairment
|
|
At 1 January 2021 and 31 December 2021
|
–
|
|
---------
|
|
|
Carrying amount
|
|
At 31 December 2021
|
177,605
|
|
---------
|
At 31 December 2020
|
177,605
|
|
---------
|
|
|
Subsidiaries, associates and other investments
|
Registered office
|
Class of share
|
Percentage of shares held
|
Subsidiary undertakings
|
|
|
|
Herbel Restaurants Limited
|
Involved in property development and investment.
|
Ordinary Share Capital
|
100
|
Kirk Bryson & Co Limited
|
Involved property development and investment.
|
Ordinary Share Capital
|
100
|
Herbel Property Development Limited
|
Dormant company
|
Ordinary Share Capital
|
100
|
Herbel Estates (Ireland) Limited
|
Involved in property development and investment
|
Ordinary Share Capital
|
100
|
L. Herbert & Son Limited
|
Involved in property development and investment
|
Ordinary Share
|
100
|
Montgomery Management Limited
|
Involved in property development and investment
|
Ordinary Share
|
12.5
|
|
|
|
|
5.
Debtors
|
2021
|
2020
|
|
£
|
£
|
Other debtors
|
1,000
|
1,000
|
|
-------
|
-------
|
|
|
|
6.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
5,687
|
–
|
Other creditors
|
3
|
2,253
|
|
-------
|
-------
|
|
5,690
|
2,253
|
|
-------
|
-------
|
|
|
|
7.
Summary audit opinion
The auditor's report for the year dated 6 April 2022 was unqualified.
The senior statutory auditor was
Cathal Maneely
, for and on behalf of
Maneely Mc Cann
.
8.
Related party transactions
Control Banner Dell Limited, a company incorporated in England and Wales, owns the share capital of
Herbel Limited
. Banner Dell Limited is a wholly owned subsidiary of Herbert Corporate Holdings Limited, a company incorporated in Northern Ireland. Mrs L E Herbert is the shareholder of Herbert Corporate Holdings Limited and as such is considered to be the company's ultimate controlling party. Transactions The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures.
9.
Controlling party
Herbert Corporate Holdings Limited
is the company's ultimate parent company. Copies of consolidated financial statements may be obtained from Aisling House, 50 Stranmillis Embankment, Belfast, Northern Ireland, BT9 5FL.