0
0
31/05/2023
2023-05-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2022-05-24
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
NI688430
2022-05-24
2023-05-31
NI688430
2023-05-31
NI688430
bus:RegisteredOffice
2022-05-24
2023-05-31
NI688430
bus:LeadAgentIfApplicable
2022-05-24
2023-05-31
NI688430
bus:Director1
2022-05-24
2023-05-31
NI688430
core:ShareCapital
2022-05-24
2023-05-31
NI688430
core:ShareCapital
2023-05-31
NI688430
bus:SmallEntities
2022-05-24
2023-05-31
NI688430
bus:AuditExemptWithAccountantsReport
2022-05-24
2023-05-31
NI688430
bus:FullAccounts
2022-05-24
2023-05-31
NI688430
bus:SmallCompaniesRegimeForAccounts
2022-05-24
2023-05-31
NI688430
bus:PrivateLimitedCompanyLtd
2022-05-24
2023-05-31
Company registration number:
NI688430
Labby Property Services Ltd
Unaudited filleted financial statements
31 May 2023
Labby Property Services Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Labby Property Services Ltd
Directors and other information
|
|
|
|
Director |
Mr Andrew Clarkin |
|
|
|
|
|
|
|
Company number |
NI688430 |
|
|
|
|
|
|
|
Registered office |
120 Sixtowns Road |
|
|
Draperstown |
|
|
Magherafelt |
|
|
Co Derry |
|
|
BT45 7BE |
|
|
|
|
|
|
|
Accountants |
PFS Accountants and Auditors Ltd |
|
|
122 Main Street |
|
|
Dungiven |
|
|
Co Derry |
|
|
BT47 4LG |
|
|
|
Labby Property Services Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Labby Property Services Ltd
Period ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Labby Property Services Ltd for the period ended 31 May 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Labby Property Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Labby Property Services Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Labby Property Services Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Labby Property Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Labby Property Services Ltd. You consider that Labby Property Services Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Labby Property Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PFS Accountants and Auditors Ltd
Chartered Certified Accountants
122 Main Street
Dungiven
Co Derry
BT47 4LG
5 February 2024
Labby Property Services Ltd
Statement of financial position
31 May 2023
|
|
|
31/05/23 |
|
|
|
|
|
|
|
|
Note |
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
4 |
100 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
100 |
|
|
|
|
|
|
Net current assets |
|
|
|
|
100 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
Net assets |
|
|
|
|
100 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
Shareholders funds |
|
|
|
|
100 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
05 February 2024
, and are signed on behalf of the board by:
Mr Andrew Clarkin
Director
Company registration number:
NI688430
Labby Property Services Ltd
Statement of changes in equity
Period ended 31 May 2023
|
|
Called up share capital |
Total |
|
|
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 24 May 2022 |
|
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period |
|
|
- |
|
|
|
|
|
|
|
Other comprehensive income for the period: |
|
|
|
|
|
|
|
|
|
|
User defined other comprehensive income movement 1 |
|
100 |
100 |
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
Total comprehensive income for the period |
|
100 |
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
At 31 May 2023 |
|
100 |
100 |
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Labby Property Services Ltd
Notes to the financial statements
Period ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 120 Sixtowns Road, Draperstown, Magherafelt, Co Derry, BT45 7BE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
|
|
31/05/23 |
|
|
|
|
£ |
|
|
Other debtors |
|
100 |
|
|
|
|
_______ |
|
|
|
|
|
|