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REGISTERED NUMBER: R0000037 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Antrim County Land, Building, and
Investment Company, Limited

Antrim County Land, Building, and
Investment Company, Limited (Registered number: R0000037)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Antrim County Land, Building, and
Investment Company, Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: D N Gibson
K Crawford
J Stewart





SECRETARY: R Paul





REGISTERED OFFICE: 28-30 Thomas Street
Ballymena
Antrim
BT43 6AX





REGISTERED NUMBER: R0000037 (Northern Ireland)





ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH

Antrim County Land, Building, and
Investment Company, Limited (Registered number: R0000037)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,168 1,168
Investment property 5 2,525,000 2,525,000
2,526,168 2,526,168

CURRENT ASSETS
Debtors 6 2,455 20,948
Cash at bank 14,035 24,012
16,490 44,960
CREDITORS
Amounts falling due within one year 7 (229,072 ) (232,351 )
NET CURRENT LIABILITIES (212,582 ) (187,391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,313,586

2,338,777

CREDITORS
Amounts falling due after more than one year 8 (58,691 ) (205,625 )

PROVISIONS FOR LIABILITIES (59,565 ) (59,565 )
NET ASSETS 2,195,330 2,073,587

CAPITAL AND RESERVES
Called up share capital 1,776,285 1,677,761
Retained earnings 419,045 395,826
2,195,330 2,073,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Antrim County Land, Building, and
Investment Company, Limited (Registered number: R0000037)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 4 August 2023 and were signed on its behalf by:





K Crawford - Director


Antrim County Land, Building, and
Investment Company, Limited (Registered number: R0000037)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Antrim County Land, Building, and Investment Company, 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Long leasehold - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Antrim County Land, Building, and
Investment Company, Limited (Registered number: R0000037)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1,168 1,342 2,510
DEPRECIATION
At 1 July 2022
and 30 June 2023 - 1,342 1,342
NET BOOK VALUE
At 30 June 2023 1,168 - 1,168
At 30 June 2022 1,168 - 1,168

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 2,525,000
NET BOOK VALUE
At 30 June 2023 2,525,000
At 30 June 2022 2,525,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 2,525,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Debtors and prepayments 2,455 20,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 72,024 138,159
Trade creditors 32,219 16,110
Tax 47,163 25,888
VAT 1,250 1,250
Accruals 76,416 50,944
229,072 232,351

Antrim County Land, Building, and
Investment Company, Limited (Registered number: R0000037)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 150,186
Other creditors 58,691 55,439
58,691 205,625