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COMPANY REGISTRATION NUMBER: NI620550
Ducales Trading No.8 Limited
Filleted Abridged Financial Statements
30 September 2024
Ducales Trading No.8 Limited
Abridged Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Unlisted investments
4
1
1
Creditors: amounts falling due within one year
( 160,184)
( 160,184)
---------
---------
Net current liabilities
( 160,184)
( 160,184)
---------
---------
Net liabilities
( 160,183)
( 160,183)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 160,185)
( 160,185)
---------
---------
Shareholders' funds
( 160,183)
( 160,183)
---------
---------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of abridged financial statements for the year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 13 December 2024 , and are signed on behalf of the board by:
T J Jennings CBE
Director
Company registration number: NI620550
Ducales Trading No.8 Limited
Accounting Policies
Year ended 30 September 2024
Basis of preparation
The abridged financial statements have been prepared on the going concern basis under the historical cost convention. The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Cash flow statement
The company is a wholly owned subsidiary company of a group headed by Ducales Capital Limited, and is included in the consolidated financial statements of that company, which are publicly available. Consequently, the company has taken advantage of the exemption within FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' from preparing a cash flow statement.
Going concern
These financial statements have been prepared on the going concern basis as the company has received assurances from its parent undertaking that it will continue to provide financial support to the company for a period of at least 12 months from the date these financial statements were signed.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.
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.
Ducales Trading No.8 Limited
Notes to the Abridged Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 16 Talbot Street, Saint Anne's Square, Belfast, County Antrim, BT1 2NF.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
3. Employee numbers
The company has no employees other than the directors.
4. Unlisted investments
£
Cost
At 1 October 2023 and 30 September 2024
160,186
---------
Impairment
At 1 October 2023 and 30 September 2024
160,185
---------
Carrying amount
At 30 September 2024
1
---------
At 30 September 2023
1
---------
5. Summary audit opinion
The auditor's report dated 13 December 2024 was unqualified .
The senior statutory auditor was Michael Flannigan , for and on behalf of FEB Chartered Accountants .
6. Related party transactions
Advantage has been taken of the exemption not to disclose transactions with entities that are part of the group, provided that any subsidiary involved is wholly owned.
7. Controlling party
The company's immediate and ultimate holding company is Ducales Capital Limited, a company incorporated in Northern Ireland. Group financial statements for this company are available to the public from Companies House, Second Floor, The Linenhall, 32-38 Linenhall Street, Belfast, BT2 8BG. The ultimate controlling parties are the shareholders of Ducales Capital Limited.