Company Registration No. NI667671 (Northern Ireland)
Cullies Ltd
Unaudited accounts
for the year ended 29 February 2024
Cullies Ltd
Unaudited accounts
Contents
Cullies Ltd
Company Information
for the year ended 29 February 2024
Director
Dr Luke John Ward
Company Number
NI667671 (Northern Ireland)
Registered Office
13 Madison Avenue
Belfast
Co. Antrim
BT15 5BX
Accountants
SJK
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
Cullies Ltd
Statement of financial position
as at 29 February 2024
Investment property
365,632
268,498
Cash at bank and in hand
2,121
8,317
Creditors: amounts falling due within one year
(120,842)
(99,013)
Net current liabilities
(118,721)
(90,696)
Total assets less current liabilities
246,911
177,802
Creditors: amounts falling due after more than one year
(234,234)
(170,771)
Profit and loss account
12,677
7,031
Shareholders' funds
12,677
7,031
For the year ending 29 February 2024 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 5 April 2024 and were signed on its behalf by
Dr Luke John Ward
Director
Company Registration No. NI667671
Cullies Ltd
Notes to the Accounts
for the year ended 29 February 2024
Cullies Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI667671. The registered office is 13 Madison Avenue, Belfast, Co. Antrim, BT15 5BX.
2
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.
Fair value at 1 March 2023
268,498
At 29 February 2024
365,632
The directors consider that the above value of investment property represents the market value at 28 February 2024.
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,559
1,637
Loans from directors
118,365
96,536
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
234,234
170,771
Securities for the bank facilities are as follows:
- Barclay's hold first legal mortgages over 146 Woodstock Road and 10 Gortfin Street.
- Kensington hold first legal mortgage over 29 Earlscourt Street.
- Kensington hold first legal mortgage over 56 Earlscourt Street
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).