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Company Registration No. NI673446 (Northern Ireland)
Carna Inv Ltd Unaudited accounts for the year ended 31 October 2023
Carna Inv Ltd Unaudited accounts Contents
Page
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Carna Inv Ltd Company Information for the year ended 31 October 2023
Director
Anthony Hughes
Company Number
NI673446 (Northern Ireland)
Registered Office
102A CROSSNENAGH ROAD KEADY ARMAGH BT60 3HX NORTHERN IRELAND
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Carna Inv Ltd Accountants' report
Accountants' report to the director of Carna Inv Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Carna Inv Ltd for the year ended 31 October 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Carna Inv Ltd, as a body, in accordance with the terms of our engagement letter dated 15 October 2020. Our work has been undertaken solely to prepare for your approval the accounts of Carna Inv Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carna Inv Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Carna Inv Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Carna Inv Ltd. You consider that Carna Inv Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Carna Inv Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 31 July 2024
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Carna Inv Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
201,000 
201,000 
Current assets
Cash at bank and in hand
12,142 
11,821 
Creditors: amounts falling due within one year
(231,937)
(237,377)
Net current liabilities
(219,795)
(225,556)
Net liabilities
(18,795)
(24,556)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(18,805)
(24,566)
Shareholders' funds
(18,795)
(24,556)
For the year ending 31 October 2023 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 31 July 2024 and were signed on its behalf by
Anthony Hughes Director Company Registration No. NI673446
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Carna Inv Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Carna Inv Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI673446. The registered office is 102A CROSSNENAGH ROAD, KEADY, ARMAGH, BT60 3HX, NORTHERN IRELAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
Going concern
The company operates on the basis of a going concern. Any changes to this status will be notified immediately.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
201,000 
At 31 October 2023
201,000 
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Carna Inv Ltd Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
118,639 
118,639 
Taxes and social security
(6)
- 
Loans from directors
112,788 
118,738 
Accruals
516 
- 
231,937 
237,377 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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