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Company Registration No. NI703552 (Northern Ireland)
FARLEIGH (NI) LIMITED Unaudited accounts for the period from 20 October 2023 to 31 October 2024
FARLEIGH (NI) LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FARLEIGH (NI) LIMITED Company Information for the period from 20 October 2023 to 31 October 2024
Directors
Robert Mulligan Oli Grove
Company Number
NI703552 (Northern Ireland)
Registered Office
Mills Selig 21 Arthur Street Belfast County Antrim BT1 4GA Northern Ireland
Accountants
Martina Harbinson 2 Kiln Lodge Lurgan Craigavon Armagh BT66 6HT
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FARLEIGH (NI) LIMITED Statement of financial position as at 31 October 2024
2024
Notes
£
Called up share capital not paid
200
Current assets
Debtors
1,400,230
Creditors: amounts falling due within one year
(650)
Net current assets
1,399,580
Total assets less current liabilities
1,399,780
Creditors: amounts falling due after more than one year
(1,568,000)
Net liabilities
(168,220)
Capital and reserves
Called up share capital
4
300
Profit and loss account
(168,520)
Shareholders' funds
(168,220)
For the period ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by
Robert Mulligan Director Company Registration No. NI703552
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FARLEIGH (NI) LIMITED Notes to the Accounts for the period from 20 October 2023 to 31 October 2024
1
Statutory information
FARLEIGH (NI) LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI703552. The registered office is Mills Selig, 21 Arthur Street, Belfast, County Antrim, BT1 4GA, Northern Ireland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company's financial statements are prepared on a going concern basis which contemplates the realisation of assets and the satisfaction of obligations in the normal course of business. However , the company has not generated any revenues to date and has accumulated losses . The company does not currently have any revenue generating operations. In view of these matters continuation as a going concern is dependent upon the company' s ability to meet its financial obligations and the success of its future operations. A detailed review of the company's cash forecasts which project for the next twelve month period indicate that the company will be able to secure adequate resources through advances from shareholders and other equity investment to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
4
Share capital
2024
£
Allotted, called up and fully paid:
100 100 A Ordinary shares of £1 each
100
200 200 B Ordinary Shares of £1 each
200
300
5
Contingent liabilities
Borrowings : As at the Balance Sheet date , the company has an outstanding loan balance of £1,568,000 which is secured by way of a fixed and floating charge over all assets of the company .
6
Average number of employees
During the period the average number of employees was 0.
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