BrightAccountsProduction v1.0.0 v1.0.0 2022-08-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company was that of a dormant company. 16 April 2024 0 0 NI031127 2023-07-31 NI031127 2022-07-31 NI031127 2021-07-31 NI031127 2022-08-01 2023-07-31 NI031127 2021-08-01 2022-07-31 NI031127 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 NI031127 uk-curr:PoundSterling 2022-08-01 2023-07-31 NI031127 uk-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 NI031127 uk-bus:FullAccounts 2022-08-01 2023-07-31 NI031127 uk-bus:Director1 2022-08-01 2023-07-31 NI031127 uk-bus:Director2 2022-08-01 2023-07-31 NI031127 uk-bus:Director3 2022-08-01 2023-07-31 NI031127 uk-bus:Director4 2022-08-01 2023-07-31 NI031127 uk-bus:Director5 2022-08-01 2023-07-31 NI031127 uk-bus:Director6 2022-08-01 2023-07-31 NI031127 uk-bus:RegisteredOffice 2022-08-01 2023-07-31 NI031127 uk-bus:Agent1 2022-08-01 2023-07-31 NI031127 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 NI031127 uk-core:ShareCapital 2023-07-31 NI031127 uk-core:ShareCapital 2022-07-31 NI031127 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 NI031127 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-07-31 NI031127 uk-bus:FRS102 2022-08-01 2023-07-31 NI031127 2022-08-01 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI031127
 
 
The Palace Gardens Company Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 July 2023



The Palace Gardens Company Limited
DIRECTORS AND OTHER INFORMATION

 
Directors J Watson
P Doonan
M McElkearney
G Dempsey
Y F Armstrong
S Conlon
 
 
Company Registration Number NI031127
 
 
Registered Office and Business Address Apartment 3
2 Palace Gardens
Belfast
BT15 5DT
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
 
Bankers Santander
  1-3 Farmley Road
  Newtownabbey
  BT36 7TR



The Palace Gardens Company Limited

CHARTERED ACCOUNTANTS' REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of The Palace Gardens Company Limited
for the financial year ended 31 July 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 July 2023 as set out on pages  to 6 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of The Palace Gardens Company Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the balance sheet for the year ended 31 July 2023 your duty to ensure that The Palace Gardens Company Limited 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 The Palace Gardens Company Limited. You consider that The Palace Gardens Company Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of The Palace Gardens Company Limited. For this reason, we have not verified the adequacy, 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.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
16 April 2024



The Palace Gardens Company Limited
Company Registration Number: NI031127
STATEMENT OF FINANCIAL POSITION
as at 31 July 2023

2023 2022
Notes £ £
 
Current Assets
Cash and cash equivalents 6 6
───────── ─────────
Net Current Assets 6 6
───────── ─────────
Total Assets less Current Liabilities 6 6
═════════ ═════════
 
Equity
Called up share capital 6 6
───────── ─────────
Equity attributable to owners of the company 6 6
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 16 April 2024 and signed on its behalf by
           
           
________________________________          
P Doonan          
Director          
           



The Palace Gardens Company Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 July 2023

   
1. General Information
 
The Palace Gardens Company Limited is a company limited by shares incorporated in Northern Ireland..  Apartment 3, 2 Palace Gardens, Belfast, BT15 5DT is the registered office, which is also the principal place of business of the company.  The nature of the company's operations and its principal activities are set out in the Directors' Report.  The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 July 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.