MCFADDENS FUNFAIR LTD

Company Registration Number:
NI694601 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2025

Period of accounts

Start date: 29 February 2024

End date: 28 February 2025

MCFADDENS FUNFAIR LTD

Contents of the Financial Statements

for the Period Ended 28 February 2025

Balance sheet
Notes

MCFADDENS FUNFAIR LTD

Balance sheet

As at 28 February 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 77,750 80,000
Total fixed assets: 77,750 80,000
Current assets
Cash at bank and in hand: 66 0
Total current assets: 66 0
Creditors: amounts falling due within one year: 4 (33,601) (18,342)
Net current assets (liabilities): (33,535) (18,342)
Total assets less current liabilities: 44,215 61,658
Creditors: amounts falling due after more than one year: 5 (36,000) (65,510)
Total net assets (liabilities): 8,215 (3,852)
Capital and reserves
Called up share capital: 100 1
Profit and loss account: 8,115 (3,853)
Shareholders funds: 8,215 (3,852)

The notes form part of these financial statements

MCFADDENS FUNFAIR LTD

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2025
and signed on behalf of the board by:

Name: Mr D McFadden
Status: Director

The notes form part of these financial statements

MCFADDENS FUNFAIR LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: Plant and machinery 15% per annum reducing balance basis Motor vehicles 25% per annum reducing balance basis

Other accounting policies

Creditors: Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Leased assets: A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operation lease payments are recognised as an expense on a straight line basis over the lease term.

MCFADDENS FUNFAIR LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

2. Employees

2025 2024
Average number of employees during the period 2 0

MCFADDENS FUNFAIR LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible Assets

Total
Cost £
At 29 February 2024 80,000
Additions 13,000
At 28 February 2025 93,000
Depreciation
At 29 February 2024 0
Charge for year 15,250
At 28 February 2025 15,250
Net book value
At 28 February 2025 77,750
At 28 February 2024 80,000

MCFADDENS FUNFAIR LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Creditors: amounts falling due within one year note

2025 2024 Obligations under finance lease and hire purchase contracts 14400 - Trade creditors and accruals 634 - Other creditors - directors' loan account 18567 18342 TOTAL 33,601 18342

MCFADDENS FUNFAIR LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Creditors: amounts falling due after more than one year note

2025 2024 Obligations under finance lease and hire purchase contracts 36000 65510