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Registered number: NI023339










CARNHILL (N.I) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
CARNHILL (N.I) LIMITED
 

CONTENTS



Page
Balance sheet
1
Notes to the financial statements
2 - 4


 
CARNHILL (N.I) LIMITED
REGISTERED NUMBER: NI023339

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Stocks
  
14,000
14,000

Cash at bank and in hand
 4 
60,444
101,437

  
74,444
115,437

Creditors: amounts falling due within one year
 5 
(2,150)
(2,964)

Net current assets
  
 
 
72,294
 
 
112,473

Total assets less current liabilities
  
72,294
112,473

  

Net assets
  
72,294
112,473


Capital and reserves
  

Called up share capital 
 6 
197,654
197,654

Share premium account
 7 
14,800
14,800

Capital redemption reserve
 7 
29,019
29,019

Profit and loss account
 7 
(169,179)
(129,000)

  
72,294
112,473


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 July 2025.


Mark Tweed
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CARNHILL (N.I) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Carnhill (N.I.) Limited is a private company limited by shares and is incorporated and registered in Northern Ireland under Company Registration Number NI023339. 
The company's registered office is situated at 77a High Street, Bangor, Co. Down, BT20 5BD

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 2

 
CARNHILL (N.I) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
60,444
101,437

60,444
101,437



5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Accruals and deferred income
2,150
2,964

2,150
2,964



6.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



197,654 (2024 - 197,654) Ordinary shares of £1.00 each
197,654
197,654


Page 3

 
CARNHILL (N.I) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Reserves

Share premium account

The share premium account includes any premiums received on issue of share capital.  Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit & loss account

The profit and loss account includes all current and prior period retained profits and losses.


Page 4