FOYLE INVESTMENTS LIMITED

Company Registration Number:
NI643670 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

FOYLE INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

FOYLE INVESTMENTS LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Current assets
Debtors: 3 142,582 27,000
Cash at bank and in hand: 8,782 582,845
Total current assets: 151,364 609,845
Creditors: amounts falling due within one year: 4 (69,466) (436,388)
Net current assets (liabilities): 81,898 173,457
Total assets less current liabilities: 81,898 173,457
Total net assets (liabilities): 81,898 173,457
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 81,798 173,357
Shareholders funds: 81,898 173,457

The notes form part of these financial statements

FOYLE INVESTMENTS LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 November 2024
and signed on behalf of the board by:

Name: J C McGinnis
Status: Director

The notes form part of these financial statements

FOYLE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover represents the invoiced value of services supplied during the year excluding value added tax. Revenue is recognised when, and to the extent that, the company obtains the right to consideration in exchange for its performance.

Other accounting policies

Debtors Debtors are stated after all known bad debts have been written off and specific provision has been made against all debts considered doubtful of collection.

FOYLE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

FOYLE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

FOYLE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

£6,115 Other creditors £60,001 Related parties £3,350 Accruals £69,466 Total

FOYLE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Related party transactions

Name of the related party: McGinnis Developments Limited
Relationship:
Related company
Description of the Transaction: Loan from related party
£
Balance at 01 March 2023 247,928
Balance at 28 February 2024 0
Name of the related party: Uladh Properties Limited
Relationship:
Related company
Description of the Transaction: Loan from related party
£
Balance at 01 March 2023 114,734
Balance at 28 February 2024 60,001
Name of the related party: Dingles Builders (NI) Limited
Relationship:
Related company
Description of the Transaction: Loan to a related company
£
Balance at 01 March 2023 27,000
Balance at 28 February 2024 0
Name of the related party: McGinnis Developments Limited
Relationship:
Related company
Description of the Transaction: Loan to a related company
£
Balance at 01 March 2023 0
Balance at 28 February 2024 101,954
Name of the related party: Campsie Three Limited
Relationship:
Related company
Description of the Transaction: Loan to a related company
£
Balance at 01 March 2023 0
Balance at 28 February 2024 37,800

FOYLE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Post balance sheet events

There have been no significant events affecting the company since the year end.