BrightAccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is property development and rental. 19 January 2024 1 1 NI653668 2023-06-30 NI653668 2022-06-30 NI653668 2021-06-30 NI653668 2022-07-01 2023-06-30 NI653668 2021-07-01 2022-06-30 NI653668 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI653668 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI653668 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI653668 uk-bus:AbridgedAccounts 2022-07-01 2023-06-30 NI653668 uk-core:ShareCapital 2023-06-30 NI653668 uk-core:ShareCapital 2022-06-30 NI653668 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI653668 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI653668 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI653668 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI653668 uk-bus:FRS102 2022-07-01 2023-06-30 NI653668 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI653668 2022-07-01 2023-06-30 NI653668 uk-bus:Director1 2022-07-01 2023-06-30 NI653668 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI653668
 
 
Ebrington Holdings Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2023
Ebrington Holdings Ltd
Company Registration Number: NI653668
ABRIDGED BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 4,385,758 3,017,394
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Current Assets
Debtors 105,509 88,568
Cash and cash equivalents 17,462 25,333
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122,971 113,901
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Creditors: amounts falling due within one year (4,643,664) (3,145,089)
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Net Current Liabilities (4,520,693) (3,031,188)
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Total Assets less Current Liabilities (134,935) (13,794)
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Capital and Reserves
Called up share capital 1 1
Retained earnings (134,936) (13,795)
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Equity attributable to owners of the company (134,935) (13,794)
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 19 January 2024
           
           
           
________________________________          
Derek Keys          
Director          
           



Ebrington Holdings Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
Ebrington Holdings Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI653668. The registered office of the company is 72-74 Omagh Road, Dromore, Co Tyrone, BT78 3AJ. The principal activity of the company is property development and rental. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Cash at bank and in hand
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.  Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amountsof cash with insignificant risk of change in value.
 
Tangible assets and depreciation
Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.  Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment.  If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use.  An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:
 
  Plant and machinery - 20% Straight line
 
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Trade and other debtors
Short term debtors are measured at transaction price, less any impairment.
 
Trade and other creditors
Short term creditors are measured at the transaction price.  Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
Ordinary share are classified as equity.  Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from proceeds.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1) who did not receive any remuneration.
 
  2023 2022
  Number Number
 
Director 1 1
  ═════════ ═════════
         
4. Tangible assets
  Investment Plant and Total
  properties machinery  
       
  £ £ £
Cost
At 1 July 2022 3,017,394 - 3,017,394
Additions 1,359,567 9,100 1,368,667
  ───────── ───────── ─────────
At 30 June 2023 4,376,961 9,100 4,386,061
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Depreciation
At 1 July 2022 - - -
Charge for the financial year - 303 303
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At 30 June 2023 - 303 303
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Net book value
At 30 June 2023 4,376,961 8,797 4,385,758
  ═════════ ═════════ ═════════
At 30 June 2022 3,017,394 - 3,017,394
  ═════════ ═════════ ═════════
 
Valuations of the investment properties have been carried out by the director based on the current and/or recent sale prices of similar properties.
   
5. Controlling interest
 
The ultimate controlling party is Derek Keys by virtue of his 100% shareholding in Ebrington Holdings Ltd.