2 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI666958 2023-05-01 2024-04-30 NI666958 2024-04-30 NI666958 2023-04-30 NI666958 2022-05-01 2023-04-30 NI666958 2023-04-30 NI666958 2022-04-30 NI666958 bus:RegisteredOffice 2023-05-01 2024-04-30 NI666958 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 NI666958 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 NI666958 bus:Director1 2023-05-01 2024-04-30 NI666958 bus:Director2 2023-05-01 2024-04-30 NI666958 bus:Director3 2023-05-01 2024-04-30 NI666958 core:ShareCapital 2022-05-01 2023-04-30 NI666958 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 NI666958 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 NI666958 core:WithinOneYear 2024-04-30 NI666958 core:WithinOneYear 2023-04-30 NI666958 core:ShareCapital 2024-04-30 NI666958 core:ShareCapital 2023-04-30 NI666958 core:RetainedEarningsAccumulatedLosses 2024-04-30 NI666958 core:RetainedEarningsAccumulatedLosses 2023-04-30 NI666958 core:ShareCapital 2022-04-30 NI666958 core:PreviouslyStatedAmount core:ShareCapital 2024-04-30 NI666958 bus:OrdinaryShareClass1 core:ShareCapital 2024-04-30 NI666958 bus:OrdinaryShareClass1 core:ShareCapital 2023-04-30 NI666958 bus:SmallEntities 2023-05-01 2024-04-30 NI666958 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI666958 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI666958 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI666958 bus:FullAccounts 2023-05-01 2024-04-30
Company registration number: NI666958
THE COMFIZONE GROUP (HLD) LTD
Unaudited filleted financial statements
30 April 2024
THE COMFIZONE GROUP (HLD) LTD
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
THE COMFIZONE GROUP (HLD) LTD
Directors and other information
Directors Mr Peter Bradley
Mr Anthony McCuskey
Mr Michael McCuskey
Company number NI666958
Registered office 232 Washingbay Road
Dungannon
Northern Ireland
BT71 5DS
Business address 232 Washingbay Road
Dungannon
Northern Ireland
BT71 5DS
Accountants Corr & Corr
2nd Foor, The Cornmill
Coalisland
Dungannon
Co.Tyrone
BT71 4LP
Bankers Ulster Bank
39 Market Square
Dungannon
Co Tyrone
BT70 1JJ
THE COMFIZONE GROUP (HLD) LTD
Report to the board of directors on the preparation of the
unaudited statutory financial statements of THE COMFIZONE GROUP (HLD) LTD
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THE COMFIZONE GROUP (HLD) LTD for the year ended 30 April 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of THE COMFIZONE GROUP (HLD) LTD, as a body, in accordance with the terms of our engagement letter dated 1 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of THE COMFIZONE GROUP (HLD) LTD and state those matters that we have agreed to state to the board of directors of THE COMFIZONE GROUP (HLD) LTD as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE COMFIZONE GROUP (HLD) LTD and its board of directors as a body for our work or for this report.
It is your duty to ensure that THE COMFIZONE GROUP (HLD) LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of THE COMFIZONE GROUP (HLD) LTD. You consider that THE COMFIZONE GROUP (HLD) LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of THE COMFIZONE GROUP (HLD) LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Corr & Corr
Chartered Accountants
2nd Foor, The Cornmill
Coalisland
Dungannon
Co.Tyrone
BT71 4LP
26 February 2025
THE COMFIZONE GROUP (HLD) LTD
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 190 190
Investments 6 1,000,000 -
Cash at bank and in hand 859,447 1,139,917
_______ _______
1,859,637 1,140,107
Creditors: amounts falling due
within one year 7 ( 750) ( 30,700)
_______ _______
Net current assets 1,858,887 1,109,407
_______ _______
Total assets less current liabilities 1,858,887 1,109,407
_______ _______
Net assets 1,858,887 1,109,407
_______ _______
Capital and reserves
Called up share capital 8 190 190
Profit and loss account 1,858,697 1,109,217
_______ _______
Shareholders funds 1,858,887 1,109,407
_______ _______
For the year ending 30 April 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 year in question in accordance with section 476;
- 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 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.
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
Mr Peter Bradley Mr Anthony McCuskey
Director Director
Company registration number: NI666958
THE COMFIZONE GROUP (HLD) LTD
Statement of changes in equity
Year ended 30 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2022 100 - 100
Profit for the year 1,499,217 1,499,217
_______ _______ _______
Total comprehensive income for the year - 1,499,217 1,499,217
Issue of shares 100 100
Dividends paid and payable ( 220,000) ( 220,000)
Redemption of shares ( 10) ( 170,000) ( 170,010)
_______ _______ _______
Total investments by and distributions to owners 90 ( 390,000) ( 389,910)
_______ _______ _______
At 30 April 2023 and 1 May 2023 190 1,109,217 1,109,407
Profit for the year 949,480 949,480
_______ _______ _______
Total comprehensive income for the year - 949,480 949,480
Dividends paid and payable ( 200,000) ( 200,000)
_______ _______ _______
Total investments by and distributions to owners - ( 200,000) ( 200,000)
_______ _______ _______
At 30 April 2024 190 1,858,697 1,858,887
_______ _______ _______
THE COMFIZONE GROUP (HLD) LTD
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is THE COMFIZONE GROUP (HLD) LTD, 232 Washingbay Road, Dungannon, Northern Ireland, BT71 5DS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2023: Nil).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Other pension costs 96,000 -
_______ _______
5. Debtors
2024 2023
£ £
Other debtors 190 190
_______ _______
6. Investments
2024 2023
£ £
Other investments 1,000,000 -
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 750 30,700
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary Share Capital shares of £ 0.01 each 19,000 190 19,000 190
_______ _______ _______ _______