COMPANY REGISTRATION NUMBER:
NI002764
|
Filleted Financial Statements |
|
Year ended 31 December 2024
|
Officers and professional advisers |
1 |
|
|
|
Statement of financial position |
2 |
|
|
|
Notes to the financial statements |
3 |
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|
|
Statement of Financial Position |
|
31 December 2024
Current assets
|
Debtors |
4 |
523,457 |
|
523,457 |
|
--------- |
|
--------- |
|
Net current assets |
|
523,457 |
523,457 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
523,457 |
523,457 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
437,000 |
437,000 |
|
Profit and loss account |
|
86,457 |
86,457 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
523,457 |
523,457 |
|
|
--------- |
--------- |
|
|
|
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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.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
23 April 2025
, and are signed on behalf of the board by:
Company registration number:
NI002764
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
523,457 |
523,457 |
|
--------- |
--------- |
|
|
|
5.
Summary audit opinion
The auditor's report dated
23 April 2025
was
unqualified
.
The senior statutory auditor was
Cathal Maneely
, for and on behalf of
Maneely Mc Cann Chartered Accountants
.
6.
Related party transactions
Control The company is a wholly owned subsidiary of Herbel Limited, a company incorporated in Northern Ireland, which is a wholly owned subsidiary of Banner Dell Limited, a company incorporated in England and Wales. Banner Dell Limited is a wholly owned subsidiary of Herbert Corporate Holdings Limited, a company incorporated in Northern Ireland. Herbert Corporate Holdings Limited is a wholly owned subsidiary of Herbert Corporate Holdings (IOM) Limited, a company incorporated in Isle of Man.
Mrs L E Herbert
is the shareholder of Herbert Corporate Holdings (IOM) Limited and as such is considered to be the company's ultimate controlling party. Transactions As the company is a wholly owned subsidiary and consolidated financial statements have been prepared which are publicly available, advantage has been taken of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures.
7.
Controlling party
Herbert Corporate Holdings (IOM) Limited
is the company's ultimate parent company. Copies of consolidated financial statements may be obtained from Ground Floor, Dorchester House, Belmont Hill, Douglas, Isle of Man, IM1 4RE