Fergal Holding Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI073816

Fergal Holding Company Limited

Filleted Unaudited Financial Statements

31 October 2024

Fergal Holding Company Limited

Financial Statements

Year ended 31st October 2024

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 5

Fergal Holding Company Limited

Statement of Financial Position

31 October 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	4		1,517,039	1,517,039

Current assets

Debtors	5	1		1
		----		----
Net current assets			1	1
			------------	------------
Total assets less current liabilities			1,517,040	1,517,040
			------------	------------

Capital and reserves

Called up share capital	6	6,006	6,006
Profit and loss account		1,511,034	1,511,034
		------------	------------
Shareholders funds		1,517,040	1,517,040
		------------	------------

These 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 statement of income and retained earnings has not been delivered.

For the year ending 31st October 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 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 July 2025 , and are signed on behalf of the board by:

C McAteer

Director

Company registration number: NI073816

Fergal Holding Company Limited

Notes to the Financial Statements

Year ended 31st October 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 43 Lockview Road, Belfast, BT9 5FJ.

2. Statement of compliance

These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4. Investments

	Investments in group undertakings
	£

Cost
At 1st November 2023 and 31st October 2024	1,517,039
	------------
Impairment
At 1st November 2023 and 31st October 2024	–
	------------

Carrying amount
At 31st October 2024	1,517,039
	------------
At 31st October 2023	1,517,039
	------------

Details of the investments in which the group and the company holds 20% or more of the share capital are listed in Notes 8 and 9 to the financial statements.

5. Debtors

	2024	2023
	£	£

Other debtors	1	1
	----	----

6. Called up share capital

Issued, called up and fully paid

2024		2023
No.	£	No.	£

Ordinary 'A' shares of £ 1 each	2,000	2,000	2,000	2,000
Ordinary 'B' shares of £ 1 each	2,000	2,000	2,000	2,000
Ordinary 'C' shares of £ 1 each	2,000	2,000	2,000	2,000
Ordinary 'D' shares of £ 1 each	6	6	6	6
	-------	-------	-------	-------
	6,006	6,006	6,006	6,006
	-------	-------	-------	-------

7. Related party transactions

The company is controlled by C McAteer who owns 100% of the issued share capital. The company has taken advantage of the exemption under the terms of FRS 102 from disclosing related party transactions with entities that are part of The Fergal Holding Company Limited group.

8. Fixed asset investments - investment in subsidiaries

Group investments

The company holds directly or indirectly 20% or more of the share capital of the following companies:-

Name		Country of incorporation	Holding	Proportion of shares held	Principal activity

	Safecare Chrysalis Ltd.	Northern Ireland	Ordinary shares	100%	Nursing home
	Swift Screw Products Ltd.	Northern Ireland	Ordinary shares	100%	Distributor of screws,nuts & bolts
	Squarefield Developments Ltd.	Northern Ireland	Ordinary shares	100%	Property development

9. Fixed asset investments - subsidiaries results

The companies named above are owned directly by Fergal Holding Company Limited . Based on the financial statements of the subsidiaries for the year ended 31st October 2024, Fergal Holding Company Limited 's share of profits/(losses) and net assets/(liabilities) are disclosed below:-

			Profit/(loss) after tax for period	Net assets
			£	£

Swift Screw Products Ltd	(93,041)	412,054
Squarefield Developments Ltd	(59,424)	711,691
Safecare Chrysalis Ltd	36,274	509,934