NI Property Management Ltd |
Registered Number:NI656143 |
For the year ended 31 March 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 31 March 2023
NI Property Management Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
NI Property Management Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
692,982
693,230
2
692,982
693,230
Trade and other receivables |
11,729
12,496
3
50,216
Cash and cash equivalents |
118,909
131,405
61,945
Trade and other payables: amounts falling due within one |
year |
(141,604)
(116,843)
4
(79,659)
14,562
Net current assets
Total assets less current liabilities |
707,544
613,571
Trade and other payables: amounts falling due after more |
than one year |
(526,209)
(600,467)
5
107,077
Net assets
87,362
42
2
107,035
87,360
107,077
87,362
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their 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 Leanne Dolan Director |
These financial statements were approved and authorised for issue by the Board on 14 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
NI Property Management Ltd
Notes to the Financial Statements
Statutory Information
NI Property Management Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI656143. |
100 Lisburn Road
Belfast
BT9 6AG
The presentation currency is £ sterling. |
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, 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: |
Land and Buildings
Plant and Machinery
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 31 March 2023
NI Property Management Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
693,505
2,750
690,755
690,755
2,750
693,505
Provision for depreciation and impairment |
275
275
-
Charge for year
248
248
-
523
523
-
690,755
2,227
692,982
690,755
2,475
693,230
3. Trade and other receivables |
2022
2023
12,496
11,729
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
43,497
51,641
Taxation and social security |
20,682
13,064
52,664
76,899
116,843
141,604
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
391,619
313,563
208,848
212,646
600,467
526,209
6. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
3 of 4
For the year ended 31 March 2023
NI Property Management Ltd
Notes to the Financial Statements Continued
4 of 4