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REGISTERED NUMBER: NI019311 (Northern Ireland)















Financial Statements for the Year Ended 31 January 2024

for

Fernrock Estates Limited

Fernrock Estates Limited (Registered number: NI019311)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fernrock Estates Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Ms G McCabe
J McCabe
Mrs A R Walker





SECRETARY: Ms G McCabe





REGISTERED OFFICE: 92 Drumlough Road
HILLSBOROUGH
Co. Down
BT26 6PU





REGISTERED NUMBER: NI019311 (Northern Ireland)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

Fernrock Estates Limited (Registered number: NI019311)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 9,836

CURRENT ASSETS
Debtors 6 - 999
Cash at bank 20,411 15,793
20,411 16,792
CREDITORS
Amounts falling due within one year 7 108,495 109,433
NET CURRENT LIABILITIES (88,084 ) (92,641 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(88,084

)

(82,805

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (88,184 ) (82,905 )
SHAREHOLDERS' FUNDS (88,084 ) (82,805 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Fernrock Estates Limited (Registered number: NI019311)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





Ms G McCabe - Director


Fernrock Estates Limited (Registered number: NI019311)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Fernrock Estates Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Long leasehold - in accordance with the property
Plant and machinery - 20% on cost

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.

Fernrock Estates Limited (Registered number: NI019311)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 February 2023 115,636 25,999 141,635
Disposals (115,636 ) (25,999 ) (141,635 )
At 31 January 2024 - - -
DEPRECIATION
At 1 February 2023 105,800 25,999 131,799
Charge for year 3,855 - 3,855
Eliminated on disposal (109,655 ) (25,999 ) (135,654 )
At 31 January 2024 - - -
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 9,836 - 9,836

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Prepayments and accrued income - 999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Tax 1,069 3,041
Directors' current accounts 104,596 103,646
Accruals and deferred income 2,830 2,746
108,495 109,433

Fernrock Estates Limited (Registered number: NI019311)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 (82,905 )
Deficit for the year (5,279 )
At 31 January 2024 (88,184 )

10. CAPITAL COMMITMENTS
31/1/24 31/1/23
£    £   
Contracted but not provided for in the
financial statements - -