Company Registration No. NI657447 (Northern Ireland)
Mount Falcon Estates Limited
Unaudited accounts
for the year ended 30 November 2023
Mount Falcon Estates Limited
Unaudited accounts
Contents
Mount Falcon Estates Limited
Company Information
for the year ended 30 November 2023
Director
Todd Moore-Wilson
Company Number
NI657447 (Northern Ireland)
Registered Office
80 STRAND ROAD
PORTSTEWART
LONDONDERRY
BT55 7LZ
Accountants
Campbell Ritchie Chartered Accountants Ltd
21 Warnocks Lane
Coleraine
Co. Londonderry
BT52 1TH
Mount Falcon Estates Limited
Statement of financial position
as at 30 November 2023
Tangible assets
10,465
1,853
Inventories
473,785
412,678
Cash at bank and in hand
6,517
3,975
Creditors: amounts falling due within one year
(476,105)
(395,300)
Net current assets
6,041
23,928
Profit and loss account
16,506
25,781
Shareholders' funds
16,506
25,781
For the year ending 30 November 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 27 May 2024 and were signed on its behalf by
Todd Moore-Wilson
Director
Company Registration No. NI657447
Mount Falcon Estates Limited
Notes to the Accounts
for the year ended 30 November 2023
Mount Falcon Estates Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI657447. The registered office is 80 STRAND ROAD, PORTSTEWART, LONDONDERRY, BT55 7LZ.
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.
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
2,316
9,917
12,233
Disposals
-
(9,917)
(9,917)
At 30 November 2023
2,316
12,100
14,416
At 1 December 2022
463
9,917
10,380
Charge for the year
463
3,025
3,488
On disposals
-
(9,917)
(9,917)
At 30 November 2023
926
3,025
3,951
At 30 November 2023
1,390
9,075
10,465
At 30 November 2022
1,853
-
1,853
Mount Falcon Estates Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Accrued income and prepayments
-
173
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,000
-
Other creditors
40,000
40,000
Loans from directors
428,680
352,844
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Average number of employees
During the year the average number of employees was 0 (2022: 0).