Duffin Holdings Ltd NI692773 false 2022-11-23 2022-12-31 2022-12-31 The principal activity of the company is activities of distribution holding companies Digita Accounts Production Advanced 6.30.9574.0 true true NI692773 2022-11-23 2022-12-31 NI692773 2022-12-31 NI692773 core:CurrentFinancialInstruments 2022-12-31 NI692773 core:LandBuildings 2022-12-31 NI692773 bus:SmallEntities 2022-11-23 2022-12-31 NI692773 bus:AuditExemptWithAccountantsReport 2022-11-23 2022-12-31 NI692773 bus:FullAccounts 2022-11-23 2022-12-31 NI692773 bus:SmallCompaniesRegimeForAccounts 2022-11-23 2022-12-31 NI692773 bus:RegisteredOffice 2022-11-23 2022-12-31 NI692773 bus:Director1 2022-11-23 2022-12-31 NI692773 bus:PrivateLimitedCompanyLtd 2022-11-23 2022-12-31 NI692773 core:LandBuildings 2022-11-23 2022-12-31 NI692773 countries:NorthernIreland 2022-11-23 2022-12-31 iso4217:GBP xbrli:pure

Registration number: NI692773

Duffin Holdings Ltd

Unaudited Filleted Financial Statements

for the Period from 23 November 2022 to 31 December 2022

 

Duffin Holdings Ltd

(Registration number: NI692773)
Balance Sheet as at 31 December 2022

Note

2022
£

Fixed assets

 

Tangible assets

4

528,771

Current assets

 

Debtors

5

299

Net assets

 

529,070

Capital and reserves

 

Called up share capital

299

Retained earnings

528,771

Shareholders' funds

 

529,070

For the financial period ending 31 December 2022 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 November 2023 and signed on its behalf by:
 

.........................................
Mr Shemus Paul Duffin
Director

 

Duffin Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 23 November 2022 to 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 10 Culcrum Road, Cloughmills, Ballymena, Antrim, Co. Antrim, BT44 9NH.

These financial statements were authorised for issue by the Board on 2 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

 

Duffin Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 23 November 2022 to 31 December 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Acquired through business combinations

528,771

528,771

At 31 December 2022

528,771

528,771

Depreciation

Carrying amount

At 31 December 2022

528,771

528,771

Included within the net book value of land and buildings above is £528,771 in respect of freehold land and buildings.
 

5

Debtors

2022
£

Other debtors

299