Falls & Hanna Solicitors Limited 03/11/2025 iXBRL

Company registration number: NI615572

Falls & Hanna Solicitors Limited

Unaudited filleted abridged financial statements

for the period ended

03 November 2025

Falls & Hanna Solicitors Limited

Abridged statement of financial position

3 November 2025

		03/11/25		31/12/24
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	-		8,173
		_______		_______
			-		8,173

Current assets
Stocks		135,701		86,800
Debtors		297,916		157,395
Cash at bank and in hand		485,708		3,029,548
		_______		_______
		919,325		3,273,743
Creditors: amounts falling due
within one year	7	( 250,555)		( 2,871,867)
		_______		_______
Net current assets			668,770		401,876
			_______		_______
Total assets less current liabilities			668,770		410,049


Provisions for liabilities			-		( 1,802)

			_______		_______
Net assets			668,770		408,247
			_______		_______

Capital and reserves
Called up share capital	8		100		100
Profit and loss account			668,670		408,147
			_______		_______
Shareholder funds			668,770		408,247
			_______		_______

For the period ending 03 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of financial position for the current period ending 03 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 19 October 2026 , and are signed on behalf of the board by:

Mr A M Irvine

Director

Company registration number: NI615572

Falls & Hanna Solicitors Limited

Notes to the financial statements

Period ended 3 November 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 24 East Bridge Street, Enniskillen, Co. Fermanagh, BT74 7BT.

2. Statement of compliance

The financial statements have been prepared in compliance with FRS102, "The Financial Reporting Standard applicable in the UK and the Republic of Ireland", and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention.The company has availed of the exemption in FRS 102 from the requirement to prepare a Cash Flow Statement because it is classified as a small company.The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgementsThere are no critical judgements in applying the entity's accounting policies. Key sources of estimation uncertaintyThere are no critical accounting estimates and assumptions.

Turnover

Turnover is measured at fair value of the consideration received or receivable from the provision of services, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the statement of comprehensive income by reference to the stage of completion at the balance sheet date. Revenue is recognised when the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fixtures, fittings and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Work in progress

Gross work in progress is valued at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only enters into basic financial instruments transactions that result in recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short term instrument constitute a financing transaction, like the payment of trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank facilities, are initially valued at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.

Debtors

Short term debtors are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 11 (2024: 11).

5. Intangible assets


		£
	Cost
	At 1 January 2025	100,000
	Disposals	(100,000)
		_______
	At 3 November 2025	-
		_______
	Amortisation
	At 1 January 2025	100,000
	Disposals	( 100,000)
		_______
	At 3 November 2025	-
		_______
	Carrying amount
	At 3 November 2025	-
		_______
	At 31 December 2024	-
		_______

6. Tangible assets


		£
	Cost
	At 1 January 2025	37,359
	Disposals	( 37,359)
		_______
	At 3 November 2025	-
		_______
	Depreciation
	At 1 January 2025	29,186
	Charge for the year	1,703
	Disposals	( 30,889)
		_______
	At 3 November 2025	-
		_______
	Carrying amount
	At 3 November 2025	-
		_______
	At 31 December 2024	8,173
		_______

7. Creditors

Bank loans and overdrafts are secured by way of floating charge over the assets of the company.

8. Called up share capital

Issued, called up and fully paid

	03/11/25		31/12/24
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______