Company Registration No. NI010570 (Northern Ireland)
THORNLEIGH APARTMENTS (BANGOR) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
THORNLEIGH APARTMENTS (BANGOR) LIMITED
CONTENTS
Page
Officers and professional advisors
1
Balance sheet
2
Notes to the financial statements
3 - 4
THORNLEIGH APARTMENTS (BANGOR) LIMITED
OFFICERS AND PROFESSIONAL ADVISORS
- 1 -
Directors
Mr John Dinsmore
Mr Andrew Gaskin
Secretary
Mr John Dinsmore
Company number
NI010570
Registered office
11 Thornleigh Park
Bangor
Co. Down
BT20 4NN
Independent auditor
Johnston Kennedy DFK
Chartered Accountants
10 Pilots View
Heron Road
Belfast
BT3 9LE
Bankers
Ulster Bank Limited
75 Main Street
Bangor
Co. Down
BT20 5AL
Solicitors
CMG Cunningham Dickey
18 May Street
Belfast
BT1 4NL
THORNLEIGH APARTMENTS (BANGOR) LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2023
31 October 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
5,100
5,525
Cash at bank and in hand
12,437
9,457
17,537
14,982
Creditors: amounts falling due within one year
5
(17,525)
(14,970)
Net current assets
12
12
Capital and reserves
Called up share capital
6
12
12

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 July 2024 and are signed on its behalf by:
Mr John Dinsmore
Mr Andrew Gaskin
...................................
...................................
Mr John Dinsmore
Mr Andrew Gaskin
Director
Director
Company Registration No. NI010570
The notes on pages 3 to 4 form part of these financial statements
THORNLEIGH APARTMENTS (BANGOR) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
1
Principal accounting policies
Company information

Thornleigh Apartments (Bangor) Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 11 Thornleigh Park, Bangor, Co. Down, BT20 4NN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
THORNLEIGH APARTMENTS (BANGOR) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,100
5,525
5
Creditors: amounts falling due within one year
2023
2022
£
£
Flat owners contributions in advance
15,930
13,418
Other creditors
1,595
1,552
17,525
14,970
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
12
12
12
12
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Duncan Graham.
The auditor was Johnston Kennedy DFK.
8
Directors' transactions

During the year the company had transactions in the ordinary course of business with the directors. The company paid management fees of £500 (£250 to each director) (2022: £500).

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