Ahoghill Community Property Development Company Limited NI055105 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of property investment Digita Accounts Production Advanced 6.30.9574.0 true NI055105 2022-04-01 2023-03-31 NI055105 2023-03-31 NI055105 bus:Original 2023-03-31 NI055105 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 NI055105 bus:Micro-entities 2022-04-01 2023-03-31 NI055105 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI055105 bus:FullAccounts 2022-04-01 2023-03-31 NI055105 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI055105 bus:RegisteredOffice 2022-04-01 2023-03-31 NI055105 bus:Director6 2022-04-01 2023-03-31 NI055105 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 NI055105 countries:NorthernIreland 2022-04-01 2023-03-31 NI055105 2021-04-01 2022-03-31 NI055105 2022-03-31 NI055105 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: NI055105

Ahoghill Community Property Development Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Ahoghill Community Property Development Company Limited

(Registration number: NI055105)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

522,295

522,315

Current assets

56,187

50,311

Creditors: Amounts falling due within one year

(4,010)

(8,481)

Net current assets

52,177

41,830

Total assets less current liabilities

574,472

564,145

Accruals and deferred income

-

(405)

 

574,472

563,740

Reserves

574,472

563,740

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2023 and signed on its behalf by:
 

.........................................
Thomas Ian Armstrong
Director

 

Ahoghill Community Property Development Company Limited

1

General information

The company is a company limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
58 Cullybackey Road
Ahoghill
Ballymena
Co. Antrim
BT42 1LA
Northern Ireland

These financial statements were authorised for issue by the Board on 1 September 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Turnover
Turnover represents income from the letting of units in a business centre.

Depreciation
Leasehold land & buildings are stated at cost which in the opinion of the Directors/Trustees is not materially different from fair value. Leasehold land & buildings are held for investment purposes and, as such, no depreciation is provided on the Leasehold land & buildings.

Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Asset class

Depreciation method and rate

Leasehold land and buildings

Nil

Fixtures and fittings

25% reducing balance

 

2

Fixed assets

The Company has a 999 year lease of the land and buildings which commenced on 1st June 2012. This is subject to a nominal rent of £0.05 per annum (if demanded).

 

3

Capital Grant Reserve

This comprises monies received by the Company from the International Fund for Ireland and Ballymena Borough Council/Mid & East Antrim Council towards the building costs of the Business Centre.

 

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).