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REGISTERED NUMBER: 05657606 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Errigal Advisory Limited

Errigal Advisory Limited (Registered number: 05657606)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Errigal Advisory Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S J Tomlinson





SECRETARY: Mrs C Tomlinson





REGISTERED OFFICE: Halton Green West
Green Lane
Halton
Lancaster
Lancashire
LA2 6PA





REGISTERED NUMBER: 05657606 (England and Wales)





ACCOUNTANTS: Andrew S Parker
16 Foundry Close
Halton
Lancaster
Lancashire
LA2 6FE

Errigal Advisory Limited (Registered number: 05657606)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 648,783 661,251

CURRENT ASSETS
Stocks 176,156 176,156
Debtors 5 103,250 745,961
Investments 6 1,408,565 778,975
Cash at bank 261,338 133,059
1,949,309 1,834,151
CREDITORS
Amounts falling due within one year 7 49,676 5,333
NET CURRENT ASSETS 1,899,633 1,828,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,548,416

2,490,069

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 2,548,406 2,490,059
2,548,416 2,490,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 June 2024 and were signed by:





S J Tomlinson - Director


Errigal Advisory Limited (Registered number: 05657606)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Errigal Advisory Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Errigal Advisory Limited (Registered number: 05657606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 711,122
DEPRECIATION
At 1 January 2023 49,871
Charge for year 12,468
At 31 December 2023 62,339
NET BOOK VALUE
At 31 December 2023 648,783
At 31 December 2022 661,251

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 103,250 745,961

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 1,408,565 778,975

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 13,804 -
Taxation and social security 3,837 4,881
Other creditors 32,035 452
49,676 5,333

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
S J Tomlinson
Balance outstanding at start of year (452 ) 4,902
Amounts advanced (31,583 ) 5,515
Amounts repaid - (10,869 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (32,035 ) (452 )

Errigal Advisory Limited (Registered number: 05657606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

At 31 December 2023 the company was owed £102,500 from Bankfield (Cornforth) Limited a company under common ownership and control.


10. CONTROLLING PARTY

The company is controlled by Mr S Tomlinson (director) and Mrs C Tomlinson due to their combined ownership of the entire share capital.