| Registered Number:NI024721 |
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2024
IWC Estates Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
IWC Estates Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
5,740
7,131
2
3
400,000
400,000
405,740
407,131
| Trade and other receivables |
38,990
47,286
4
2
| Cash and cash equivalents |
3,420
50,706
38,992
| Trade and other payables: amounts falling due within one |
| year |
(459,478)
(447,903)
5
(420,486)
(397,197)
Net current liabilities
| Total assets less current liabilities |
8,543
(13,355)
| Trade and other payables: amounts falling due after more |
| than one year |
(12,983)
(4,783)
6
(1,058)
(1,315)
| Provisions for liabilities |
2,702
Net assets/liabilities
(27,653)
60,000
60,000
(57,298)
(87,653)
2,702
(27,653)
Shareholders' funds
| For the year ended 31 December 2024 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 19 September 2025 and were signed by: |
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For the year ended 31 December 2024
IWC Estates Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 December 2024
IWC Estates Limited
Notes to the Financial Statements
Statutory Information
| IWC Estates Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration number |
| NI024721. |
Handel House
53 Upper English Street
Armagh
County Armagh
BT61 7LA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Furniture and Fittings
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 December 2024
IWC Estates Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
39,459
2,755
1,028
34,913
763
34,913
1,028
2,755
39,459
763
| Provision for depreciation and impairment |
32,328
2,718
902
28,272
436
Charge for year
1,391
7
25
1,328
31
33,719
2,725
927
29,600
467
296
5,313
101
30
5,740
327
6,641
126
37
7,131
400,000
400,000
400,000
400,000
| 4. Trade and other receivables |
2023
2024
47,286
38,990
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
11,207
17,367
| Taxation and social security |
56,087
46,395
380,609
395,716
447,903
459,478
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For the year ended 31 December 2024
IWC Estates Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
4,783
12,983
| 7. Average number of persons employed |
During the year the average number of employees was 0
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