Company Registration No. NI701979 (Northern Ireland)
Ikigae Ltd
Unaudited accounts
for the period from 18 September 2023 to 31 March 2024
Ikigae Ltd
Unaudited accounts
Contents
Ikigae Ltd
Company Information
for the period from 18 September 2023 to 31 March 2024
Directors
Kevin Gallagher
Kevin McMacken
Company Number
NI701979 (Northern Ireland)
Registered Office
33 Tracys Way
Dungiven
Derry
County Derry
BT47 4JZ
Northern Ireland
Accountants
Satori Accounting
11 Orchard Business Park
Pennyburn Industrial Estate
Derry
Northern Ireland
BT48 0LU
Ikigae Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
401,743
Creditors: amounts falling due within one year
(436)
Net current assets
401,307
Total assets less current liabilities
401,309
Creditors: amounts falling due after more than one year
(400,000)
Profit and loss account
1,306
For the period 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 November 2024 and were signed on its behalf by
Kevin Gallagher
Director
Company Registration No. NI701979
Ikigae Ltd
Notes to the Accounts
for the period from 18 September 2023 to 31 March 2024
Ikigae Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI701979. The registered office is 33 Tracys Way, Dungiven, Derry, County Derry, BT47 4JZ, Northern Ireland.
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 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.
4
Investments
Subsidiary undertakings
Valuation at 18 September 2023
-
Valuation at 31 March 2024
2
5
Creditors: amounts falling due within one year
2024
Taxes and social security
436
6
Creditors: amounts falling due after more than one year
2024
Amounts owed to group undertakings and other participating interests
400,000
7
Transactions with related parties
On 21 March 2024, the company acquired the entire share capital of Bradagh Interiors Limited in an approved share-for-share exchange. The nominal share capital acquired was £2.
The company is also the 100% parent of Cute Properties Limited. Upon incorporation, the Ikigae Ltd was allocated 100 shares at £0.01 in Cute Properties Limited.
During the period, the company received loans from Bradagh Interiors Limited in the sum of £400,000. This is disclosed at note 4. No interest is being charged on these loans.
8
Average number of employees
During the period the average number of employees was 0.