Company Registration No. NI033695 (Northern Ireland)
A.J. CLANCY (INVESTMENTS) LIMITED
Unaudited accounts
for the year ended 28 February 2023
A.J. CLANCY (INVESTMENTS) LIMITED
Unaudited accounts
Contents
A.J. CLANCY (INVESTMENTS) LIMITED
Company Information
for the year ended 28 February 2023
Company Number
NI033695 (Northern Ireland)
Registered Office
15 INISHOWEN PARK
PORTSTEWART
BT55 7BQ
NORTHERN IRELAND
Accountants
Kevin & Margaret Duffin T/A KMD Accountancy
Ardmalin
15 Inishowen Park
Portstewart
Londonderry
BT55 7BQ
A.J. CLANCY (INVESTMENTS) LIMITED
Statement of financial position
as at 28 February 2023
Investments
118,532
118,532
Cash at bank and in hand
80,829
84,041
Net current assets
80,829
84,041
Net assets
199,361
202,573
Called up share capital
14,650
14,650
Capital redemption reserve
10,350
10,350
Profit and loss account
174,361
177,573
Shareholders' funds
199,361
202,573
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Kieran Clancy
Director
Company Registration No. NI033695
A.J. CLANCY (INVESTMENTS) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
A.J. CLANCY (INVESTMENTS) LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI033695. The registered office is 15 INISHOWEN PARK, PORTSTEWART, BT55 7BQ, NORTHERN IRELAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Investments
Other investments
Valuation at 1 March 2022
118,532
Valuation at 28 February 2023
118,532
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Average number of employees
During the year the average number of employees was 0 (2022: 0).