Company Registration Number: |
for the financial year ended |
Russell's (Frozen Foods) Limited |
DIRECTORS AND OTHER INFORMATION |
Directors | |
Company Secretary | |
Company Registration Number | |
Registered Office | |
Northern Ireland | |
Accountants | |
Sentinel House | |
13 Pump Street | |
Derry | |
BT48 6JG |
Russell's (Frozen Foods) Limited |
DIRECTORS' REPORT |
for the financial year ended 30 September 2024 |
The directors present their report and the unaudited financial statements for the financial year ended 30 September 2024. |
Directors |
The directors who served during the financial year are as follows: |
Mr. Dominic Fagan |
Ms. Teresa Harhen |
Special provisions relating to small companies |
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. |
On behalf of the board |
___________________________ |
Director |
Russell's (Frozen Foods) Limited |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
for the financial year ended 30 September 2024 |
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
■ | select suitable accounting policies and apply them consistently; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | make judgements and accounting estimates that are reasonable and prudent; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
On behalf of the board |
___________________________ |
Director |
Russell's (Frozen Foods) Limited |
ACCOUNTANTS REPORT |
for the financial year ended 30 September 2024 |
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements. |
You have acknowledged on the Balance Sheet for the year ended 30 September 2024 your duty to ensure that Russell's (Frozen Foods) Limited 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 Russell's (Frozen Foods) Limited. You consider that Russell's (Frozen Foods) Limited is exempt from the statutory audit requirement for the financial year. |
We have not been instructed to carry out an audit or a review of the financial statements of Russell's (Frozen Foods) Limited. For this reason, we have not verified the adequacy, 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. |
Sentinel House |
13 Pump Street |
Derry |
BT48 6JG |
Russell's (Frozen Foods) Limited |
STATEMENT OF INCOME AND RETAINED EARNINGS |
for the financial year ended 30 September 2024 |
2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | £ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit before taxation | - | - | ||
Tax on profit | - | - | ||
───────── | ───────── | |||
Profit for the financial year | - | - | ||
Accumulated (loss) brought forward | (611,169) | (611,169) | ||
───────── | ───────── | |||
Accumulated loss carried forward | (611,169) | (611,169) | ||
═════════ | ═════════ |
Russell's (Frozen Foods) Limited |
Company Registration Number: |
BALANCE SHEET |
as at |
2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | £ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Creditors: amounts falling due within one year | 3 | (346,169) | (346,169) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Current Liabilities | ( |
( |
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───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets less Current Liabilities | ( |
( |
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═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital and Reserves |
Called up share capital | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of income and retained earnings | ( |
( |
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───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders' Deficit | ( |
( |
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═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Approved by the Board and authorised for issue on |
________________________________ | |||||||
Director | |||||||
Russell's (Frozen Foods) Limited |
NOTES TO THE FINANCIAL STATEMENTS |
for the financial year ended 30 September 2024 |
1. | General Information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Russell's (Frozen Foods) Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI012000. The registered office of the company is Sentinel House, 13 Pump Street Derry, BT 48 6JG, Northern Ireland. The principle activity is the manufacturing of frozen foods. The financial statements have been presented in Pound (£) which is also the functional currency of the company. |
2. | Summary of Significant Accounting Policies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of compliance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of preparation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provisions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade and other creditors | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. | Creditors | 2024 | 2023 |
Amounts falling due within one year | £ | £ | |
Trade creditors | |||
Directors' current accounts | 289,755 | 289,755 | |
Other creditors | |||
───────── | ───────── | ||
346,169 | 346,169 | ||
═════════ | ═════════ |
4. | Ultimate controlling party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The company's ultimate parent undertaking is Mulroy Grain and Provender Company Limited, a company incorporated and registered in the Republic of Ireland and under control of its directors. |
5. | Going concern | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At 30 September 2024 the company had a deficit on shareholder's funds of £346,169. The company is currently dependent upon one of its directors for continuing financial support. As at 30 September 2024, the company owed the director £289,755. The director has provided the company with written assurance that he will not seek repayment of any of the monies owing to him for at least twelve months from the date of signing the financial statements and in any event not until the deficit in the profit and loss account of the company has been eliminated. In the circumstances and given the specific financial support being provided by him, he has a reasonable expectation that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result if the going concern basis were not appropriate. Given the matters referred to above, there is however a material uncertainty which may cast significant doubt as to the company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business. |