COMPANY REGISTRATION NUMBER:
NI697500
Locksley (Holdings) Limited |
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Filleted Unaudited Financial Statements |
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Locksley (Holdings) Limited |
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Statement of Financial Position |
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31 March 2024
Fixed assets
Current assets
Cash at bank and in hand |
1 |
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---- |
Net current assets |
1 |
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Total assets less current liabilities |
61,331 |
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Capital and reserves
Called up share capital |
61,331 |
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-------- |
Shareholders funds |
61,331 |
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-------- |
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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.
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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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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 December 2024
, and are signed on behalf of the board by:
Michael Rutherford |
Director |
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Company registration number:
NI697500
Locksley (Holdings) Limited |
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Notes to the Financial Statements |
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Period from 23 May 2023 to 31 March 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 8 Comber Road, Killinchy, County Down, BT23 6PA.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Investments
|
Shares in group undertakings |
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£ |
Cost |
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At 23 May 2023 |
– |
Additions |
61,330 |
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-------- |
At 31 March 2024 |
61,330 |
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Impairment |
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At 23 May 2023 and 31 March 2024 |
– |
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Carrying amount |
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At 31 March 2024 |
61,330 |
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The company owns 100% of the issued share capital of Locksley Properties Limited, a property rental company registered in Northern Ireland.
Aggregate capital and reserves
Locksley Properties Limited |
2,020,709 |
– |
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Profit and (loss) for the year
Locksley Properties Limited |
162,218 |
– |
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