0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP NI667255 2023-10-01 2024-09-30 NI667255 2024-09-30 NI667255 2023-09-30 NI667255 2022-10-01 2023-09-30 NI667255 2023-09-30 NI667255 2022-09-30 NI667255 core:MotorVehicles 2023-10-01 2024-09-30 NI667255 bus:Director1 2023-10-01 2024-09-30 NI667255 bus:Director2 2023-10-01 2024-09-30 NI667255 core:WithinOneYear 2024-09-30 NI667255 core:WithinOneYear 2023-09-30 NI667255 core:ShareCapital 2024-09-30 NI667255 core:ShareCapital 2023-09-30 NI667255 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI667255 core:RetainedEarningsAccumulatedLosses 2023-09-30 NI667255 bus:SmallEntities 2023-10-01 2024-09-30 NI667255 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI667255 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI667255 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI667255 bus:AbridgedAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: NI667255

CREGG STONE (N.I.) LIMITED

FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS

30 September 2024

CREGG STONE (N.I.) LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

30 September 2024

| 2024 | 2023
Note | £ | £ | £ | £

CURRENT ASSETS

Debtors | 300 |  | 390,822 |
Cash at bank and in hand | 1,036,348 |  | 1,819,783 |
| ------------ |  | ------------ |
| 1,036,648 |  | 2,210,605 |

CREDITORS: amounts falling due within one year | 77,398 |  | 1,248,004 |
| ------------ |  | ------------ |
NET CURRENT ASSETS |  | 959,250 |  | 962,601
|  | --------- |  | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 959,250 |  | 962,601
|  | --------- |  | ---------
NET ASSETS |  | 959,250 |  | 962,601
|  | --------- |  | ---------

CAPITAL AND RESERVES

Called up share capital fully paid |  | 300 |  | 300
Profit and loss account |  | 958,950 |  | 962,301
|  | --------- |  | ---------
SHAREHOLDERS FUNDS |  | 959,250 |  | 962,601
|  | --------- |  | ---------

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.
For the year ending 30 September 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 abridged 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 abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

CREGG STONE (N.I.) LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)

30 September 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 4 June 2025 , and are signed on behalf of the board by:

Mr C Cregg | Mr A Curley
Director | Director

Company registration number: NI667255

CREGG STONE (N.I.) 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 England and Wales. The address of the registered office is 6b Upper Water Street, Newry, Co Down, BT34 1DJ.
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 the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 20% reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. RELATED PARTY TRANSACTIONS
The company has availed of the exemption contained in FRS 102 from the requirement to disclose transactions with fellow group companies who are wholly owned members of the same group.
5. CONTROLLING PARTY
Patricia Cregg, Cathal Cregg & Aidan Curley are the majority beneficial owners of Cregg Stone (N.I) Limited and are therefore the ultimate controlling party.