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COMPANY REGISTRATION NUMBER: NI603594
Portmore Hall (Crumlin) Management Company Limited
Filleted Unaudited Financial Statements
31 March 2023
Portmore Hall (Crumlin) Management Company Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Officers and professional advisers
1
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Portmore Hall (Crumlin) Management Company Limited
Officers and Professional Advisers
The board of directors
Mr W.C. Porter
Mr R Stack
Registered office
30 Lady Wallace Lane
Lisburn
BT28 3WT
Accountants
Maneely Mc Cann Chartered Accountants
Chartered Accountants
Aisling House
50 Stranmillis Embankment
Belfast
BT9 5FL
Bankers
Danske Bank
62-66 Bow Street
Lisburn
Co. Antrim
BT28 7YS
Solicitors
Culbert & Martin
Scottish Provident Buildings
7 Donegall Square West
Belfast
BT1 6JB
Portmore Hall (Crumlin) Management Company Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Portmore Hall (Crumlin) Management Company Limited
Year ended 31 March 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Maneely Mc Cann Chartered Accountants Chartered Accountants
Aisling House 50 Stranmillis Embankment Belfast BT9 5FL
29 March 2024
Portmore Hall (Crumlin) Management Company Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
15,696
16,418
Cash at bank and in hand
1,531
553
--------
--------
17,227
16,971
Creditors: amounts falling due within one year
5
16,681
16,423
--------
--------
Net current assets
546
548
----
----
Total assets less current liabilities
546
548
----
----
Net assets
546
548
----
----
Capital and reserves
Called up share capital
103
105
Profit and loss account
443
443
----
----
Shareholders funds
546
548
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 March 2024 , and are signed on behalf of the board by:
Mr W.C. Porter
Director
Company registration number: NI603594
Portmore Hall (Crumlin) Management Company Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 30 Lady Wallace Lane, Lisburn, BT28 3WT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2023
2022
£
£
Trade debtors
2,508
3,583
Amounts owed by group undertakings and undertakings in which the company has a participating interest
63
1,563
Other debtors
13,125
11,272
--------
--------
15,696
16,418
--------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,433
Amounts owed to group undertakings and undertakings in which the company has a participating interest
5,587
Other creditors
11,094
14,990
--------
--------
16,681
16,423
--------
--------
6. Related party transactions
As the company is a wholly owned subsidiary and consolidated financial statements have been prepared which are publicly available, advantage has been taken of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures.