Registered number
NI042657
Newry Sports Pavilion Management Company
Filleted Accounts
31 March 2018
Newry Sports Pavilion Management Company
Registered number: NI042657
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Current assets
Cash at bank and in hand 1,092 1,105
Creditors: amounts falling due within one year 2 (2,076) (1,051)
Net current (liabilities)/assets (984) 54
Net (liabilities)/assets (984) 54
Capital and reserves
Profit and loss account (984) 54
Shareholders' funds (984) 54
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Francis Mark Reynolds
Director
Approved by the board on 13 November 2018
Newry Sports Pavilion Management Company
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 2,076 1,051
3 Events after the reporting date
There were no events since the balance sheet date which would necessitate a change in the above
figures.
4 Capital commitments
The company did not have any capital commitments at 31st March 2018 not already provided for
in the financial statements.
5 Contingent liabilities
There were no contingent liabilities at the year end.
6 Controlling party
The ultimate controlling party has been identified as the Board of Directors as a body.
7 Other information
Newry Sports Pavilion Management Company is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
10c Marcus Square
Newry,
Co. Down
BT34 1AE
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