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REGISTERED NUMBER: 11185302 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Errigal Holdings Limited

Errigal Holdings Limited (Registered number: 11185302)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Errigal Holdings Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: P Kelly





REGISTERED OFFICE: Leofric House
Binley Road
Gosford Green
Coventry
CV3 1JN





REGISTERED NUMBER: 11185302 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Errigal Holdings Limited (Registered number: 11185302)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,500 4,500
Investment property 5 464,160 274,741
468,660 279,241

CURRENT ASSETS
Debtors 6 1,694 1,564
Cash at bank 10,241 147,005
11,935 148,569
CREDITORS
Amounts falling due within one year 7 83,116 92,247
NET CURRENT (LIABILITIES)/ASSETS (71,181 ) 56,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,479

335,563

CAPITAL AND RESERVES
Called up share capital 4,500 4,500
Retained earnings 392,979 331,063
397,479 335,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:



P Kelly - Director


Errigal Holdings Limited (Registered number: 11185302)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Errigal Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Errigal Holdings Limited (Registered number: 11185302)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 4,500
NET BOOK VALUE
At 31 July 2023 4,500
At 31 July 2022 4,500

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 274,741
Additions 189,419
At 31 July 2023 464,160
NET BOOK VALUE
At 31 July 2023 464,160
At 31 July 2022 274,741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 1,694 1,564

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 82,031 91,507
Other creditors 1,085 740
83,116 92,247

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £315 (2022: £40) due to the director by the company. This amount is interest free and has no set terms of repayment.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Kelly by virtue of his majority shareholding in the company.