Company Registration No. NI676021 (Northern Ireland)
Ballymartin Investment Limited
Unaudited accounts
for the year ended 29 February 2024
Ballymartin Investment Limited
Statement of financial position
as at 29 February 2024
Called up share capital
23,950
23,950
Share premium
68,156
68,156
Shareholders' funds
92,106
92,106
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Jonathan Hamill
Director
Company Registration No. NI676021
Ballymartin Investment Limited
Notes to the Accounts
for the year ended 29 February 2024
Ballymartin Investment Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI676021. The registered office is 29 Church Road , Gracehill, Ballymena, Antrim , BT42 2NL, Northern Ireland .
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The director believes that Ballymartin Investment Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Ballymartin Investment Limited continues to adopt the going concern basis in preparation of its financial statements.
The accounts are presented in £ sterling.
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
The prior year has been restated to accurately reflect the investment in Stevenson & Company. This has increased net assets by £68,156.
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Investments
Other investments
Valuation at 1 March 2023
92,106
Valuation at 29 February 2024
92,106
Allotted, called up and fully paid:
23,950 Ordinary shares of £1 each
23,950
23,950
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Average number of employees
During the year the average number of employees was 0 (2023: 0).