BrightAccountsProduction v1.0.0 v1.0.0 2022-11-08 The company was not dormant during the period The company was trading for the entire period Other letting and operating of own or leased real estate 8 August 2024 2 NI692430 2024-01-31 NI692430 2022-11-07 NI692430 2022-11-08 2024-01-31 NI692430 uk-bus:PrivateLimitedCompanyLtd 2022-11-08 2024-01-31 NI692430 uk-curr:PoundSterling 2022-11-08 2024-01-31 NI692430 uk-bus:SmallCompaniesRegimeForAccounts 2022-11-08 2024-01-31 NI692430 uk-bus:FullAccounts 2022-11-08 2024-01-31 NI692430 uk-bus:Director1 2022-11-08 2024-01-31 NI692430 uk-bus:Director2 2022-11-08 2024-01-31 NI692430 uk-bus:RegisteredOffice 2022-11-08 2024-01-31 NI692430 uk-bus:Agent1 2022-11-08 2024-01-31 NI692430 uk-bus:AuditExemptWithAccountantsReport 2022-11-08 2024-01-31 NI692430 uk-core:ShareCapital 2024-01-31 NI692430 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI692430 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI692430 uk-bus:FRS102 2022-11-08 2024-01-31 NI692430 uk-core:CurrentFinancialInstruments 2024-01-31 NI692430 uk-core:WithinOneYear 2024-01-31 NI692430 2022-11-08 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI692430
 
 
Belfast Joint-Holdings Limited
 
Unaudited Financial Statements
 
for the financial period from 8 November 2022 (date of incorporation) to 31 January 2024



Belfast Joint-Holdings Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Anthony Donnelly (Appointed 8 November 2022)
Sean Mackin (Appointed 8 November 2022)
 
 
Company Registration Number NI692430
 
 
Registered Office and Business Address 261-263 Falls Road
Belfast
Antrim
BT12 6FB
 
 
Accountants Quarter Accountants Ltd
Chartered Accountants
St.Annes House
Cathedral Quarter
15 Church Street
Belfast
BT1 1PG



Belfast Joint-Holdings Limited

CHARTERED ACCOUNTANTS' REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of Belfast Joint-Holdings Limited
for the financial period from 8 November 2022 (date of incorporation) to 31 January 2024
 
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 period from 8 November 2022 (date of incorporation) to 31 January 2024 as set out on pages  to 10 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 Belfast Joint-Holdings 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 Statement of Financial Position for the period ended 31 January 2024 your duty to ensure that Belfast Joint-Holdings 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 Belfast Joint-Holdings Limited. You consider that Belfast Joint-Holdings Limited is exempt from the statutory audit requirement for the financial period.
 
We have not been instructed to carry out an audit or a review of the financial statements of Belfast Joint-Holdings 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 ACCOUNTANTS LTD
Chartered Accountants and Accountants
St.Annes House
Cathedral Quarter
15 Church Street
Belfast
BT1 1PG
 
8 August 2024



Belfast Joint-Holdings Limited
Company Registration Number: NI692430
STATEMENT OF FINANCIAL POSITION
as at 31 January 2024

Jan 24
Notes £
 
Non-Current Assets
Property, plant and equipment 6 330,337
─────────
 
Current Assets
Receivables 7 3,241
Cash and cash equivalents 100
─────────
3,341
─────────
Payables: amounts falling due within one year 8 (331,657)
─────────
Net Current Liabilities (328,316)
─────────
Total Assets less Current Liabilities 2,021
═════════
 
Equity
Called up share capital 100
Retained earnings 1,921
─────────
Equity attributable to owners of the company 2,021
═════════
 
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 period from 8 November 2022 (date of incorporation) to 31 January 2024 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 period 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 period and of its profit and loss for the financial period 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 8 August 2024 and signed on its behalf by
       
       
________________________________      
Anthony Donnelly      
Director      
       



Belfast Joint-Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 8 November 2022 (date of incorporation) to 31 January 2024

   
1. General Information
 
Belfast Joint-Holdings Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI692430. The registered office of the company is 261-263 Falls Road, Belfast, Antrim, BT12 6FB which is also the principal place of business of the company. Other letting and operating of own or leased real estate The financial statements have been presented in Pound (£) 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 financial period ended 31 January 2024 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.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 14 month 24 days period from 8 November 2022 (date of incorporation) to 31 January 2024.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including directors, during the financial period was 2, (Nov 22 - 0).
 
  Jan 24
  Number
 
Director 2
  ═════════
       
6. Property, plant and equipment
  Investment Total
  properties  
     
  £ £
Cost
At 8 November 2022 - -
Additions 330,337 330,337
  ───────── ─────────
At 31 January 2024 330,337 330,337
  ───────── ─────────
Depreciation
At 8 November 2022 - -
  ───────── ─────────
At 31 January 2024 - -
  ───────── ─────────
Carrying amount
At 31 January 2024 330,337 330,337
  ═════════ ═════════
     
7. Receivables Jan 24
  £
 
Other debtors 3,241
  ═════════
     
8. Payables Jan 24
Amounts falling due within one year £
 
Trade payables 120
Taxation  (Note 9) 451
Directors' current accounts 165,168
Other creditors 165,168
Accruals 750
  ─────────
  331,657
  ═════════
     
9. Taxation Jan 24
  £
 
Payables:
Corporation tax 451
  ═════════
     
10. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 January 2024.
   
11. Directors' advances, credits and guarantees
 
As at 31st January 2024, the balance owed to the directors of Belfast Joint Holdings Limited is £165,168. This loan is repayable on demand.
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial period-end.