REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FAIRWAYS DUNCREGGAN LTD |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FAIRWAYS DUNCREGGAN LTD |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 |
|
|
|
|
|
FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
FAIRWAYS DUNCREGGAN LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
36-38 Northland Row |
Dungannon |
Co. Tyrone |
BT71 6AP |
FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258) |
|
STATEMENT OF FINANCIAL POSITION |
30 NOVEMBER 2021 |
|
2021 | 2020 |
Notes | £ | £ |
NON-CURRENT ASSETS |
Intangible assets | 5 |
|
|
Property, plant and equipment | 6 |
|
|
|
|
|
CURRENT ASSETS |
Receivables | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
PAYABLES |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the Company keeps 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 Sections 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 were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
|
1. | STATUTORY INFORMATION |
|
Fairways Duncreggan Ltd is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. |
|
The accounting policies detailed below have been applied consistently throughout the year. |
|
Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Goodwill |
|
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
Property, plant and equipment |
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. 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. |
|
The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: |
|
Fixtures and fittings | - 25% Reducing Balance |
Motor vehicles | - 25% Reducing Balance |
|
The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. |
|
Government grants |
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit & Loss when received. |
|
Taxation |
Taxation for the year comprises current and deferred tax. 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. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
|
FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
|
3. | ACCOUNTING POLICIES - continued |
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. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Income Statement in the period to which they relate. |
|
Cash flow statement |
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
|
Cash at bank and in hand |
Cash and cash equivalents includes cash in hand and deposits held at call with banks. |
|
Share capital |
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 December 2020 |
and 30 November 2021 |
|
AMORTISATION |
At 1 December 2020 |
|
Amortisation for year |
|
At 30 November 2021 |
|
NET BOOK VALUE |
At 30 November 2021 |
|
At 30 November 2020 |
|
FAIRWAYS DUNCREGGAN LTD (REGISTERED NUMBER: NI625258) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
|
6. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 December 2020 |
|
|
|
Additions |
|
|
|
At 30 November 2021 |
|
|
|
DEPRECIATION |
At 1 December 2020 |
|
|
|
Charge for year |
|
|
|
At 30 November 2021 |
|
|
|
NET BOOK VALUE |
At 30 November 2021 |
|
|
|
At 30 November 2020 |
|
|
|
|
7. | RECEIVABLES |
2021 | 2020 |
£ | £ |
Trade receivables |
|
|
Amounts owed by group undertakings |
|
|
Other receivables |
|
|
|
|
|
Amounts due from group undertakings are considered payable on demand and no interest charged in respect of same |
|
8. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade payables |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other payables |
|
|
|
|
|
The amounts owed to the group undertakings are interest free and repayable on demand. |
|
9. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
|
Ordinary Share | 1 | 100 | 100 |
|
10. | RELATED PARTY DISCLOSURES |
|
The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies. |