Financial Statements
For the year ended 31 December 2024
Registered number: NI681111
Company Information
Contents
Director's report
For the year ended 31 December 2024
The director presents her report and the financial statements for the year ended 31 December 2024 .
The director who served during the year was:
There have been no significant events affecting the Company since the year end.
This report was approved by the board and signed on its behalf.
Page 1
Director's responsibilities statement
For the year ended 31 December 2024
The director is responsible for preparing the Director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
..........................................
Fiona Thomas
Director
Date: 26 September 2025
Page 2
Independent Accountant's Report to the director on the
unaudited financial statements of FET Investments Limited
for the financial year ended 31 December 2024
unaudited financial statements of FET Investments Limited
for the financial year ended 31 December 2024
In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of FET Investments Limited for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.
The financial statements have been prepared on the basis set out in the notes to the financial statements.
This report is made solely to the directors of FET Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of FET Investments Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FET Investments Limited and its directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
You have approved the financial statements for the year ended 31 December 2024 and you have acknowledged on the Statement of financial position as at 31 December 2024 your duty to ensure that FET Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that FET Investments Limited is exempt from the statutory audit requirement for the year ended 31 December 2024.
We have not been instructed to carry out an audit or review the financial statements of FET Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Date: 26 September 2025
Page 3
Statement of comprehensive income
For the year ended 31 December 2024
Page 4
Statement of financial position
As at 31 December 2024
The director acknowledges her 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 were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 7 to 11 form part of these financial statements.
Page 5
Statement of changes in equity
For the year ended 31 December 2024
Statement of changes in equity
For the year ended 31 December 2023
Page 6
Notes to the financial statements
For the year ended 31 December 2024
The Company is a private company limited by shares and is incorporated in the Republic of Ireland and registered under NI681111. The Company’s registered office is 12-15 Donegall Square W, Belfast, Northern Ireland, BT1 6JH.
2.Accounting policies
The following principal accounting policies have been applied:
Dividend income
Dividend income is recognised when the right to receive payment is established.
Interest income is recognised using the effective interest rate method.
Page 7
Notes to the financial statements
For the year ended 31 December 2024
2.Accounting policies (continued)
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Preparation of the financial statements requires management to make significant judgments and estimates. Judgments and estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may ultimately differ from these estimates.
There were no area that significant judgements and estimates were applied during the year.
Page 8
Notes to the financial statements
For the year ended 31 December 2024
Page 9
Notes to the financial statements
For the year ended 31 December 2024
6.Taxation (continued)
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Page 10
Notes to the financial statements
For the year ended 31 December 2024
The directors approved these financial statements for issue on 26 September 2025.
Page 11