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REGISTERED NUMBER: NI636687 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Ballysillan Hill Limited

Ballysillan Hill Limited (Registered number: NI636687)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ballysillan Hill Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S Harrison





REGISTERED OFFICE: 19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN





REGISTERED NUMBER: NI636687 (Northern Ireland)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

Ballysillan Hill Limited (Registered number: NI636687)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,058 7,728

CURRENT ASSETS
Stocks 6 338,345 149,868
Debtors 7 8,565 5,891
Cash at bank and in hand 192,689 390,153
539,599 545,912
CREDITORS
Amounts falling due within one year 8 476,375 485,405
NET CURRENT ASSETS 63,224 60,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,282

68,235

PROVISIONS FOR LIABILITIES 9 1,150 1,450
NET ASSETS 68,132 66,785

CAPITAL AND RESERVES
Called up share capital 10 5 5
Retained earnings 11 68,127 66,780
SHAREHOLDERS' FUNDS 68,132 66,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Ballysillan Hill Limited (Registered number: NI636687)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





S Harrison - Director


Ballysillan Hill Limited (Registered number: NI636687)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ballysillan Hill Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ballysillan Hill Limited (Registered number: NI636687)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 8,350 450 8,800
DEPRECIATION
At 1 March 2022 622 450 1,072
Charge for year 1,670 - 1,670
At 28 February 2023 2,292 450 2,742
NET BOOK VALUE
At 28 February 2023 6,058 - 6,058
At 28 February 2022 7,728 - 7,728

6. STOCKS
28/2/23 28/2/22
£    £   
Work-in-progress 338,345 149,868

Ballysillan Hill Limited (Registered number: NI636687)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
VAT 6,403 3,722
Prepayments and accrued income 2,162 2,169
8,565 5,891

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade creditors 1,428 3,279
Tax 653 9,511
Directors' current accounts 469,976 469,171
Accruals and deferred income 4,318 3,444
476,375 485,405

9. PROVISIONS FOR LIABILITIES
28/2/23 28/2/22
£    £   
Deferred tax 1,150 1,450

Deferred
tax
£   
Balance at 1 March 2022 1,450
Credit to Income Statement during year (300 )
Balance at 28 February 2023 1,150

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
5 Ordinary £1 5 5

Ballysillan Hill Limited (Registered number: NI636687)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. RESERVES
Retained
earnings
£   

At 1 March 2022 66,780
Profit for the year 1,347
At 28 February 2023 68,127

12. CAPITAL COMMITMENTS
28/2/23 28/2/22
£    £   
Contracted but not provided for in the
financial statements - -