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REGISTERED NUMBER: NI625258 (Northern Ireland)















FAIRWAYS DUNCREGGAN LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FAIRWAYS DUNCREGGAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Robert Anthony Dunlop
Gareth Dunlop
Robert Brian Dunlop
Linda Dunlop





REGISTERED OFFICE: 10 Mark Street
Portrush
Co. Antrim
BT56 8BT





REGISTERED NUMBER: NI625258 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 47,100 94,200
Property, plant and equipment 6 30,135 36,090
77,235 130,290

CURRENT ASSETS
Receivables 7 9,142 13,030
Cash at bank 120,732 110,719
129,874 123,749
PAYABLES
Amounts falling due within one year 8 (358,631 ) (363,788 )
NET CURRENT LIABILITIES (228,757 ) (240,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(151,522

)

(109,749

)

PROVISIONS FOR LIABILITIES (5,725 ) (6,857 )
NET LIABILITIES (157,247 ) (116,606 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (157,347 ) (116,706 )
SHAREHOLDERS' FUNDS (157,247 ) (116,606 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by:



Robert Anthony Dunlop - Director


FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Fairways Duncreggan Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. 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.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures and fittings- 25% Reducing Balance
Motor vehicles- 25% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Income Statement in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash at bank and in hand
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares 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 the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 30 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2022
and 30 November 2023 471,000
AMORTISATION
At 1 December 2022 376,800
Amortisation for year 47,100
At 30 November 2023 423,900
NET BOOK VALUE
At 30 November 2023 47,100
At 30 November 2022 94,200

FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 December 2022 59,908 12,500 72,408
Additions 3,637 - 3,637
At 30 November 2023 63,545 12,500 76,045
DEPRECIATION
At 1 December 2022 25,069 11,249 36,318
Charge for year 9,279 313 9,592
At 30 November 2023 34,348 11,562 45,910
NET BOOK VALUE
At 30 November 2023 29,197 938 30,135
At 30 November 2022 34,839 1,251 36,090

7. RECEIVABLES
2023 2022
£ £
Trade receivables 5,547 9,366
Other receivables 3,595 3,664
9,142 13,030

Amounts due from group undertakings are considered payable on demand and no interest charged in respect of same

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade payables 7,670 2,792
Amounts owed to group undertakings 339,739 338,431
Taxation and social security 9,293 20,728
Other payables 1,929 1,837
358,631 363,788

The amounts owed to the group undertakings are interest free and repayable on demand.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary Share 1 100 100

10. RELATED PARTY DISCLOSURES

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.