Company Registration No. NI624542 (Northern Ireland)
Cedars Residential Limited
Unaudited accounts
for the year ended 31 March 2024
Cedars Residential Limited
Unaudited accounts
Contents
Cedars Residential Limited
Company Information
for the year ended 31 March 2024
Directors
Caroline Good
Patrick Good
Company Number
NI624542 (Northern Ireland)
Registered Office
24 Castlehill Road
BELFAST
BT4 3GL
Accountants
Huston & Co
13 Cabin Hill Gardens
Ballycloghan
BELFAST
Co Down
BT5 7AP
Cedars Residential Limited
Accountants' report
Accountants' report to the board of directors of Cedars Residential Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Cedars Residential Limited for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Cedars Residential Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Cedars Residential Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cedars Residential Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cedars Residential Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cedars Residential Limited. You consider that Cedars Residential Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cedars Residential Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Huston & Co
13 Cabin Hill Gardens
Ballycloghan
BELFAST
Co Down
BT5 7AP
14 August 2024
Cedars Residential Limited
Statement of financial position
as at 31 March 2024
Tangible assets
944,434
944,434
Cash at bank and in hand
115,980
96,787
Creditors: amounts falling due within one year
(792,043)
(800,088)
Net current liabilities
(676,063)
(703,301)
Net assets
268,371
241,133
Called up share capital
600
600
Profit and loss account
267,771
240,533
Shareholders' funds
268,371
241,133
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
Patrick Good
Director
Company Registration No. NI624542
Cedars Residential Limited
Notes to the Accounts
for the year ended 31 March 2024
Cedars Residential Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI624542. The registered office is 24 Castlehill Road, BELFAST, BT4 3GL.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Cedars Residential Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,580
1,440
Taxes and social security
7,486
5,606
Other creditors
782,977
793,042
Apart from accountancy fees £1,580 and Corp Tax, the rest of the creditors are loans owed back to the directors
Allotted, called up and fully paid:
600 Ordinary shares of £1 each
600
600
7
Transactions with related parties
Other creditors £782,876 at 31/3/24 (£793,042 at 31/3/23) represents the interest-free loans from the directors Caroline and Patrick Good to facilitate the company trading. There is no expectation of the directors requiring these to be repaid in the next year. The company balance sheet remains in credit.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).