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Registration number: NI003243

A. Hughes (Cookstown) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

A. Hughes (Cookstown) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

A. Hughes (Cookstown) Limited

(Registration number: NI003243)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

3,327

5,130

Cash at bank and in hand

 

1,709,325

1,775,454

 

1,712,652

1,780,584

Creditors: Amounts falling due within one year

5

(211,638)

(239,970)

Net assets

 

1,501,014

1,540,614

Capital and reserves

 

Called up share capital

6

8,000

8,000

Retained earnings

1,493,014

1,532,614

Shareholders' funds

 

1,501,014

1,540,614

For the financial year ending 31 January 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

.........................................
Mr T. Hughes
Director

 

A. Hughes (Cookstown) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
46 Moneymore Road
Cookstown
Co. Tyrone
BT80 8EH

These financial statements were authorised for issue by the Board on 29 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises corporation tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A. Hughes (Cookstown) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Debtors

2025
£

2024
£

Prepayments

3,327

5,130

3,327

5,130

 

A. Hughes (Cookstown) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Amounts due to related parties

7

205,653

230,843

Accruals

 

1,200

1,020

Income tax liability

4,785

8,107

 

211,638

239,970

6

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary share of £1 each

8,000

8,000

8,000

8,000

         

7

Related party transactions

Other transactions with directors

During the year the company repaid £25,190 to the directors. At the balance sheet date the amount owed to the directors by the company was £205,653 (2024 - £230,843). The advance is unsecured, interest free and repayable on demand.