Fletcher & Gordon Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 4 Ramore Avenue, PORTRUSH, Co Antrim, BT56 8BB.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The director files these accounts for the purposes of making sure a detailed account is entered into companies house. In the last accounts filed it was stated that the director was trying to establish the correct reason for a mass transfer of Northern Ireland businesses to GRG in 2010 despite the denial of same by the Financial Conduct Authority in 2016, 2017, 2018 and 2019. The director has now found through access to non-confidential versions of EU agreements No N 422/2009 and N 621/2009 that as RBS failed on the 7th to 10th October 2008 (source FSA report into the failure of Royal bank of Scotland dated in 2011) a covert plan was put in place to transfer our (Irish businesses) economic rights to the Asset Protection agency dated 13th October 2008. Alongside this the director has found an EU agreement was made to recapitalise the insolvent Banks balance sheet with “collateral swaps” from the Bank of England’s Special Liquidity Scheme. The companies and all businesses in Northern Ireland and Southern Ireland that banked with Ulster Bank were to be put out of business on the direction of the UK public authorities (HMT, FSA and Bank of England) by Dec 31st, 2012. It was a condition of their continued funding that the plan was enacted. The director now understands this is why Project Emerald was launched in Sept 2012 in case it had to be admitted. As such the director has found collateral swaps, ISDA transactions, margin accounts were opened by the bank illegally and unbeknown to the director until Dec 2023 with Data received from the Central Bank of Ireland. The director now understands the reasons fully for the 6-week outage in the Ulster Bank computer platform in 2012 when he complained in the form of a complaint file and will continue to try to achieve some form of justice for all affected. This is why the Ulster Bank applied to be regulated by the Bank of England instead of the central bank of Ireland in July 2012. The director can now prove the bank destroyed all his original bank files during the IT outage of 2012 with Data recently received from A and L Goodbody solicitors and he was given the codename “Project Bluebelle” from January 1st, 2013, when new ones started to be rebuilt. In essence as the director was trying to run the company the profit from its assets had already been acquired by the Asset protection agency/UKFI. Stephen Hester and Nathan Bostock were put in charge of enacting the covert plan. The director has also established that this was not to just to be kept from him but also the managers he dealt with in the form of a confidential Blind assets document from the Asset Protection agency era (13th Oct 2008 – 28th Oct 2012).
On the basis of the above, the director considers it appropriate to prepare financial statements on the going concern basis.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the year was: