Four Winds Investments Limited,Ltd - AccountsLtd - Accounts

Four Winds Investments Limited,Ltd - AccountsLtd - Accounts

FOUR WINDS INVESTMENTS LIMITED - Company Information

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2019-01-01 NI048900 2019-12-31 NI048900 2019-01-01 2019-12-31 NI048900 2018-12-31 NI048900 2018-01-01 2018-12-31 NI048900 uk-core:WithinOneYear 2018-12-31 NI048900 uk-core:WithinOneYear 2019-12-31 NI048900 uk-core:AfterOneYear 2018-12-31 NI048900 uk-core:AfterOneYear 2019-12-31 NI048900 uk-core:ShareCapital 2019-12-31 NI048900 uk-core:ShareCapital 2018-12-31 NI048900 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 NI048900 uk-core:RetainedEarningsAccumulatedLosses 2018-12-31 NI048900 uk-bus:Director1 2019-01-01 2019-12-31 NI048900 uk-core:FurnitureFittings 2018-12-31 NI048900 uk-core:PlantMachinery 2018-12-31 NI048900 uk-core:Buildings 2018-12-31 NI048900 uk-core:FurnitureFittings 2019-01-01 2019-12-31 NI048900 uk-core:PlantMachinery 2019-01-01 2019-12-31 NI048900 uk-core:Buildings 2019-01-01 2019-12-31 NI048900 uk-core:Buildings 2019-12-31 NI048900 uk-core:PlantMachinery 2019-12-31 NI048900 uk-core:FurnitureFittings 2019-12-31 iso4217:GBP xbrli:pure NI048900 uk-bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 NI048900 uk-bus:FRS102 2019-01-01 2019-12-31 NI048900 uk-bus:FullAccounts 2019-01-01 2019-12-31 NI048900 uk-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31
Four Winds Investments Limited
Registered Number:NI048900
For the year ended 31 December 2019
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 December 2019
Four Winds Investments Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI048900
As at 31 December 2019
Four Winds Investments Limited
Statement of Financial Position
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
752,290
762,303
2
752,290
762,303
Current assets
Inventories
282,747
135,247
3
Trade and other receivables
66,996
65,796
4
225,893
Cash and cash equivalents
25,118
226,161
575,636
Trade and other payables: amounts falling due within one
year
(401,373)
(20,461)
5
174,263
205,700
Net current assets
Total assets less current liabilities
957,990
936,566
Trade and other payables: amounts falling due after more
than one year
(772,044)
(675,188)
6
282,802
Net assets
164,522
Capital and reserves
Called up share capital
6
6
Retained earnings
282,796
164,516
282,802
164,522
Shareholders' funds
For the year ended 31 December 2019 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 of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Jean Lambe Director
These financial statements were approved and authorised for issue by the Board on 28 May 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2019
Four Winds Investments Limited
Notes to the Financial Statements
Statutory Information
Four Winds Investments Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI048900.
Registered address:
39 Church Street
Ballynahinch
Co Down
BT24 8AF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention
as modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant & Equipment - 15% reducing balanceFixtures & Fittings - 20% reducing balance
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
2 of 4
5
For the year ended 31 December 2019
Four Winds Investments Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 January 2019
799,744
32,420
60,999
706,325
-
(5,018)
-
Disposals
(5,018)
At 31 December 2019
706,325
55,981
32,420
794,726
Provision for depreciation and impairment
At 01 January 2019
37,441
20,626
16,815
-
Charge for year
6,519
2,359
4,160
-
(1,524)
-
(1,524)
-
On disposal
At 31 December 2019
42,436
22,985
19,451
-
At 31 December 2019
Net book value
706,325
36,530
9,435
752,290
At 31 December 2018
706,325
44,184
11,794
762,303
3. Inventories
2018
2019
£
£
Stocks
135,247
282,747
4. Trade and other receivables
2018
2019
£
£
Trade debtors
65,796
66,996
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
-
178,800
Taxation and social security
10,643
45,903
Other creditors
9,818
176,670
20,461
401,373
3 of 4
6
For the year ended 31 December 2019
Four Winds Investments Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Bank loans and overdraft (secured)
675,188
772,044
7. Average number of persons employed
During the year the average number of employees was 1 (2018 : 1)
4 of 4