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Irregular Contracts Limited

Annual Report and Unaudited Financial Statements
Period from 1 September 2023 to 31 December 2023

Registration number: 10757208

 

Irregular Contracts Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 6

 

Irregular Contracts Limited

Company Information

Director

Mrs T R Hardick

Registered office

Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon
EX2 7XE

Accountants

Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

 

Irregular Contracts Limited

Balance Sheet

31 December 2023

Note

31 December
2023
£

31 August
2023
£

Current assets

 

Debtors

4

13,063

13,063

Creditors: Amounts falling due within one year

5

(17,453)

(17,453)

Net liabilities

 

(4,390)

(4,390)

Capital and reserves

 

Profit and loss account

(4,390)

(4,390)

Shareholders' deficit

 

(4,390)

(4,390)

 

Irregular Contracts Limited

Balance Sheet

31 December 2023

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 September 2024
 

..........................................
Mrs T R Hardick
Director

Company Registration Number: 10757208

 

Irregular Contracts Limited

Notes to the Financial Statements

Period from 1 September 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon
EX2 7XE

These financial statements were authorised for issue by the director on 4 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 Section 1A and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The company shortened its financial year to coincide with the financial year of its parent Brechin Investments Limited.

Going concern

The company ceased trading on 31 August 2019. As a consequence of this decision, an alternative basis to the going concern assertion has been applied in the preparation of these financial statements. The consequence of adopting an alternative basis to the going concern assertion has had no impact on the reported results for the year.

 

Irregular Contracts Limited

Notes to the Financial Statements

Period from 1 September 2023 to 31 December 2023

Tax

Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2023 - 0).

4

Debtors

31 December
2023
£

31 August
2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

3,879

3,879

Other debtors

9,184

9,184

13,063

13,063

 

Irregular Contracts Limited

Notes to the Financial Statements

Period from 1 September 2023 to 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

31 December
2023
£

31 August
2023
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

16,953

16,953

Accruals and deferred income

500

500

17,453

17,453

6

Share capital

Allotted, called up and fully paid shares

31 December
2023

31 August
2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100