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Company Registration No. NI667671 (Northern Ireland)
Cullies Ltd Unaudited accounts for the year ended 29 February 2024
Cullies Ltd Unaudited accounts Contents
Page
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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
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Cullies Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
365,632 
268,498 
Current assets
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)
Net assets
12,677 
7,031 
Capital and reserves
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
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Cullies Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
268,498 
Additions
97,134 
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 
Accruals
918 
840 
120,842 
99,013 
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).
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