COMPANY REGISTRATION NUMBER:
NI626633
Filleted unaudited financial statements |
|
Statement of financial position |
|
31 January 2024
Fixed assets
Investments |
4 |
125,000 |
125,000 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
124,000 |
124,000 |
|
-------- |
-------- |
Net current liabilities |
124,000 |
124,000 |
|
-------- |
-------- |
Total assets less current liabilities |
1,000 |
1,000 |
|
------ |
------ |
|
|
|
|
Capital and reserves
Called up share capital |
1,000 |
1,000 |
|
------ |
------ |
Shareholders funds |
1,000 |
1,000 |
|
------ |
------ |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the year and has not made either a profit or loss.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
3 October 2024
, and are signed on behalf of the board by:
Company registration number:
NI626633
Notes to the financial statements |
|
Year ended 31 January 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 28 Carrowreagh Road, Dundonald, Belfast, BT16 0TS, Down.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Disclosure exemptions
Disclosures in respect of financial instruments have not been presented.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 February 2023 and 31 January 2024 |
125,000 |
|
-------- |
Impairment |
|
At 1 February 2023 and 31 January 2024 |
– |
|
-------- |
|
|
Carrying amount |
|
At 31 January 2024 |
125,000 |
|
-------- |
At 31 January 2023 |
125,000 |
|
-------- |
|
|
Other investments other than loans include an option which provides the company with the potential right to future income from a third party in certain circumstances.The directors regard the transaction price as an measurement of the fair value of the asset.
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
124,000 |
124,000 |
|
-------- |
-------- |
|
|
|
The amount due under Other Creditors is unsecured and interest free.
6.
Related party transactions
Blakiston Houston Estate Company is a related party by virtue of common control. The balance due to Blakiston Houston Estate Company at the year end was:
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Amount due to Blakiston Houston Estate Company |
124,000 |
124,000 |
|
|
|
|
7.
Controlling party
There is no ultimate controlling party.