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Company Registration No. NI043249 (Northern Ireland)
C. Connon Limited Unaudited accounts for the year ended 31 May 2024
C. Connon Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,140 
1,520 
Investment property
205,996 
205,996 
207,136 
207,516 
Current assets
Cash at bank and in hand
52,578 
51,890 
Creditors: amounts falling due within one year
(169,012)
(138,832)
Net current liabilities
(116,434)
(86,942)
Net assets
90,702 
120,574 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
89,702 
119,574 
Shareholders' funds
90,702 
120,574 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 26 November 2024 and were signed on its behalf by
Charles Connon Director Company Registration No. NI043249
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C. Connon Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
C. Connon Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI043249. The registered office is 19 Deramore Park, Ballymena, County Antrim, BT43 7ED, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Having reviewed the resources available the director believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of rental services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line
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C. Connon Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
32,988 
At 31 May 2024
32,988 
Depreciation
At 1 June 2023
31,468 
Charge for the year
380 
At 31 May 2024
31,848 
Net book value
At 31 May 2024
1,140 
At 31 May 2023
1,520 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
205,996 
At 31 May 2024
205,996 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,667 
- 
Loans from directors
166,865 
136,866 
Accruals
480 
1,966 
169,012 
138,832 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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