Company Registration No. NI667671 (Northern Ireland)
Cullies Ltd
Unaudited accounts
for the year ended 28 February 2025
Cullies Ltd
Unaudited accounts
Contents
Cullies Ltd
Company Information
for the year ended 28 February 2025
Company Number
NI667671 (Northern Ireland)
Registered Office
13 Madison Avenue
Belfast
Co. Antrim
BT15 5BX
Accountants
SJK
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
Cullies Ltd
Statement of financial position
as at 28 February 2025
Investment property
365,632
365,632
Cash at bank and in hand
11,976
2,121
Creditors: amounts falling due within one year
(123,683)
(120,842)
Net current liabilities
(111,707)
(118,721)
Total assets less current liabilities
253,925
246,911
Creditors: amounts falling due after more than one year
(231,168)
(234,234)
Called up share capital
100
-
Profit and loss account
22,657
12,677
Shareholders' funds
22,757
12,677
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 June 2025 and were signed on its behalf by
L J Ward
Director
Company Registration No. NI667671
Cullies Ltd
Notes to the Accounts
for the year ended 28 February 2025
Cullies Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI667671. The registered office is 13 Madison Avenue, Belfast, Co. Antrim, BT15 5BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 March 2024
365,632
At 28 February 2025
365,632
The directors consider that the above value of investment property represents the market value at 28 February 2025.
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,458
1,559
Loans from directors
119,557
118,365
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
231,168
234,234
Securities for the bank facilities are as follows:
- Barclay's hold first legal mortgages over 146 Woodstock Road and 10 Gortfin Street.
- Kensington hold first legal mortgage over 29 Earlscourt Street.
- Kensington hold first legal mortgage over 56 Earlscourt Street
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).