Company Registration No. NI059491 (Northern Ireland)
Moylagh Properties Limited
Unaudited accounts
for the year ended 31 May 2023
Moylagh Properties Limited
Unaudited accounts
Contents
Moylagh Properties Limited
Company Information
for the year ended 31 May 2023
Director
Mr Herbert Nigel James McBrien
Company Number
NI059491 (Northern Ireland)
Registered Office
9 Greenhill Road
Ardmore
Brookeborough
Co Fermanagh
BT94 4EF
Northern Ireland
Accountants
W F Lemon & Co Ltd
65 Bachelors Walk
Lisburn
Co. Antrim
BT28 1XN
Moylagh Properties Limited
Statement of financial position
as at 31 May 2023
Tangible assets
4,500
4,736
Cash at bank and in hand
236,452
949
Creditors: amounts falling due within one year
(480,387)
(479,343)
Net current liabilities
(243,935)
(308,725)
Net liabilities
(239,435)
(303,989)
Called up share capital
1
1
Profit and loss account
(239,436)
(303,990)
Shareholders' funds
(239,435)
(303,989)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 2 February 2024 and were signed on its behalf by
Mr Herbert Nigel James McBrien
Director
Company Registration No. NI059491
Moylagh Properties Limited
Notes to the Accounts
for the year ended 31 May 2023
Moylagh Properties Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI059491. The registered office is 9 Greenhill Road, Ardmore, Brookeborough, Co Fermanagh, BT94 4EF, Northern Ireland.
2
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 year, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Moylagh Properties Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
479,956
478,880
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).