IRIS Accounts Production v23.3.1.45 NI613985 director 1.9.21 31.8.22 31.8.22 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI6139852021-08-31NI6139852022-08-31NI6139852021-09-012022-08-31NI6139852020-08-31NI6139852020-09-012021-08-31NI6139852021-08-31NI613985ns16:NorthernIreland2021-09-012022-08-31NI613985ns15:PoundSterling2021-09-012022-08-31NI613985ns11:Director12021-09-012022-08-31NI613985ns11:PrivateLimitedCompanyLtd2021-09-012022-08-31NI613985ns11:SmallEntities2021-09-012022-08-31NI613985ns11:AuditExemptWithAccountantsReport2021-09-012022-08-31NI613985ns11:SmallCompaniesRegimeForDirectorsReport2021-09-012022-08-31NI613985ns11:SmallCompaniesRegimeForAccounts2021-09-012022-08-31NI613985ns11:FullAccounts2021-09-012022-08-31NI613985ns11:EntityNoLongerTradingButTradedInPast2021-09-012022-08-31NI613985ns11:RegisteredOffice2021-09-012022-08-31NI613985ns6:CurrentFinancialInstruments2022-08-31NI613985ns6:CurrentFinancialInstruments2021-08-31NI613985ns6:Non-currentFinancialInstruments2022-08-31NI613985ns6:Non-currentFinancialInstruments2021-08-31NI613985ns6:ShareCapital2022-08-31NI613985ns6:ShareCapital2021-08-31NI613985ns6:RetainedEarningsAccumulatedLosses2022-08-31NI613985ns6:RetainedEarningsAccumulatedLosses2021-08-31NI613985ns6:WithinOneYearns6:CurrentFinancialInstruments2022-08-31NI613985ns6:WithinOneYearns6:CurrentFinancialInstruments2021-08-31NI613985ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-08-31NI613985ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-08-31NI613985ns6:MoreThanFiveYearsns6:FinancialLiabilitiesFairValueThroughProfitOrLossns6:Non-currentFinancialInstruments2022-08-31NI613985ns6:MoreThanFiveYearsns6:FinancialLiabilitiesFairValueThroughProfitOrLossns6:Non-currentFinancialInstruments2020-08-31
REGISTERED NUMBER: NI613985 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

ANDVIC LIMITED

ANDVIC LIMITED (REGISTERED NUMBER: NI613985)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

ANDVIC LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2022







DIRECTOR: J T Johnston





REGISTERED OFFICE: 17 Old Church Lane
Aghalee
Antrim
BT67 0EY





REGISTERED NUMBER: NI613985 (Northern Ireland)





ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

ANDVIC LIMITED (REGISTERED NUMBER: NI613985)

BALANCE SHEET
31 AUGUST 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 443,833 98,851

CURRENT ASSETS
Debtors 5 1,576,485 600,221
Cash at bank 206,431 11,041
1,782,916 611,262
CREDITORS
Amounts falling due within one year 6 2,042,507 520,989
NET CURRENT (LIABILITIES)/ASSETS (259,591 ) 90,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,242

189,124

CREDITORS
Amounts falling due after more than one
year

7

28,313

38,330
NET ASSETS 155,929 150,794

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 155,928 150,793
SHAREHOLDERS' FUNDS 155,929 150,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.

ANDVIC LIMITED (REGISTERED NUMBER: NI613985)

BALANCE SHEET - continued
31 AUGUST 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2023 and were signed by:





J T Johnston - Director


ANDVIC LIMITED (REGISTERED NUMBER: NI613985)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2022


1. STATUTORY INFORMATION

Andvic Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Investment property
In accordance with Statement Accounting Practice No. 19, certain of the company's properties are held for long-term investment and are included in the balance sheet at their open market values. The surpluses or deficits on annual revaluation of such properties are transferred to the investment revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view, because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2021 - NIL).

ANDVIC LIMITED (REGISTERED NUMBER: NI613985)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2022


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2021 98,851
Additions 344,982
At 31 August 2022 443,833
NET BOOK VALUE
At 31 August 2022 443,833
At 31 August 2021 98,851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Amounts owed by group undertakings 1,028,586 593,317
Other debtors 547,899 6,904
1,576,485 600,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Loan 9,993 9,999
Amounts owed to group undertakings 2,029,197 433,967
Tax 1,205 (1 )
Directors' current accounts 1,368 76,304
Accrued expenses 744 720
2,042,507 520,989

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.22 31.8.21
£    £   
Loan - 1-2 years 9,993 9,999
Loan - 2-5 years 18,320 28,331
28,313 38,330

8. ULTIMATE CONTROLLING PARTY

The controlling party is James Johnston Discretionary Trust.

The company is owned by James Johnston Discretionary Trust, the trustees of which are Mr James Johnston Jnr and Adel Parke.

ANDVIC LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
ANDVIC LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2022 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


30 November 2023