Company Registration No. NI012209 (Northern Ireland)
Finnis Estates (N.I.) Limited
Unaudited accounts
for the year ended 31 March 2018
Finnis Estates (N.I.) Limited
Unaudited accounts
Contents
Finnis Estates (N.I.) Limited
Company Information
for the year ended 31 March 2018
Directors
P D Connolly
M K Connolly
P J Connolly
Company Number
NI012209 (Northern Ireland)
Registered Office
24 Broomhill Park
Belfast
BT9 5JB
Finnis Estates (N.I.) Limited
Statement of financial position
as at
31 March 2018
Tangible assets
935,183
935,183
Cash at bank and in hand
275,013
246,955
Creditors: amounts falling due within one year
(36,309)
(49,470)
Net current assets
267,659
213,014
Net assets
1,202,842
1,148,197
Called up share capital
4
4
Profit and loss account
1,202,838
1,148,193
Shareholders' funds
1,202,842
1,148,197
For the year ending 31 March 2018 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.
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.
Approved by the Board on 21 June 2018.
P D Connolly
Director
Company Registration No. NI012209
Finnis Estates (N.I.) Limited
Notes to the Accounts
for the year ended 31 March 2018
Finnis Estates (N.I.) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI012209. The registered office is 24 Broomhill Park, Belfast, BT9 5JB.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Finnis Estates (N.I.) Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2017
935,183
674
935,857
At 31 March 2018
935,183
674
935,857
At 1 April 2017
-
674
674
At 31 March 2018
-
674
674
At 31 March 2018
935,183
-
935,183
At 31 March 2017
935,183
-
935,183
Trade debtors
18,866
5,440
Accrued income and prepayments
10,089
10,089
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
16,771
20,829
Other creditors
7,141
12,244
Loans from directors
12,397
16,397
7
Share capital
2018
2017
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).