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Registration number: NI657355

Fin & Feather Limited

Unaudited Filleted Financial Statements

for the Period from 1 December 2023 to 31 March 2025

 

Fin & Feather Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Fin & Feather Limited

Company Information

Director

Mrs Joanna Dunlop

Company secretary

Mrs Joanna Dunlop

Registered office

2 Castlecroft
Main Street
Ballymoney
Co Antrim
BT53 6TD

Accountants

D T Carson & Co
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ

 

Fin & Feather Limited

(Registration number: NI657355)
Balance Sheet as at 31 March 2025

Note

2025
£

2023
£

Current assets

 

Stocks

4

-

12,334

Debtors

2,881

547

Cash at bank and in hand

 

4,830

17,655

 

7,711

30,536

Creditors: Amounts falling due within one year

5

(7,711)

(3,501)

Net assets

 

-

27,035

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(2)

27,033

Shareholders' funds

 

-

27,035

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 May 2025
 

.........................................
Mrs Joanna Dunlop
Company secretary and director

 

Fin & Feather Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 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:
2 Castlecroft
Main Street
Ballymoney
Co Antrim
BT53 6TD

These financial statements were authorised for issue by the director on 12 May 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.The financial statements are prepared on a going concern basis. The presentational currency of these financial statements is sterling and all amounts have been rounded to the nearest £1.

Disclosure of long or short period

Due to the extension of the accounting period to 16 months, the financial information for the year ending 31 March 2025 is not directly comparable to the figures for the prior accounting periods. This extended accounting period has been adopted due to the company ceasing trading and the extension of the accounting period to facilitate the strike-off process.

Going concern

The company, Fin & Feather Ltd, ceased all trading activities and operations during the current financial period. As a result, the company is no longer considered a going concern as of 31st March 2025. As a result, the company's net assets have been significantly reduced, and all obligations have been settled or realised. In the current financial period, the company has distributed its retained earnings to its shareholders, via a dividend. The dividend has been paid out of the available retained profits and fully distributed prior to the company’s dissolution.

 

Fin & Feather Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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 income 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.

Depreciation

Asset class

Depreciation method and rate

Equipment & fittings

20% reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Fin & Feather Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Stocks

2025
£

2023
£

Closing stock

-

12,334

5

Creditors

Creditors: amounts falling due within one year

2025
£

2023
£

Due within one year

Trade creditors

350

1,929

Taxation and social security

83

91

Accruals and deferred income

840

1,108

Other creditors

6,438

373

7,711

3,501

 

Fin & Feather Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

6

Share capital

Allotted, called up and fully paid shares

2025

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

7

Dividends

Interim dividends paid

2025
£

2023
£

Interim dividend of £3,132.00 (2023 - £Nil) per each Ordinary shares

6,264

-

 

 

8

Parent and ultimate parent undertaking

The ultimate controlling party is Joanna Dunlop & Alastair James Dunlop.