Company Registration No. NI687565 (Northern Ireland)
Fairhead Rentals LTD
Unaudited accounts
for the period from 20 April 2022 to 30 April 2023
Fairhead Rentals LTD
Statement of financial position
as at 30 April 2023
Investment property
190,428
Cash at bank and in hand
20,685
Creditors: amounts falling due within one year
(211,013)
Net current liabilities
(190,328)
Called up share capital
100
For the period ending 30 April 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by
John Bakewell
Director
Company Registration No. NI687565
Fairhead Rentals LTD
Notes to the Accounts
for the period from 20 April 2022 to 30 April 2023
Fairhead Rentals LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI687565. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast , County Antrim , BT3 9DE, Northern Ireland.
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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 period, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of rental services is recognised in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Having considered the resources available the Directors of Fairhead Rentals Limited believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as they fall due for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements
5
Creditors: amounts falling due within one year
2023
Loans from directors
210,189
Fairhead Rentals LTD
Notes to the Accounts
for the period from 20 April 2022 to 30 April 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
7
Average number of employees
During the period the average number of employees was 0.
