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REGISTERED NUMBER: 02898734 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ANTRIM DEVELOPMENTS LIMITED

ANTRIM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02898734)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANTRIM DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: P McGettigan



SECRETARY: A C Oertzen



REGISTERED OFFICE: 83 Cambridge Street
London
SW1V 4PS



REGISTERED NUMBER: 02898734 (England and Wales)



ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS



BANKERS: Bank of Ireland
364 Lisburn Road
Belfast
BT9 6GL

ANTRIM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02898734)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 275,910 275,910

CURRENT ASSETS
Stocks 187,239 187,239
Debtors 5 6,090 5,066
Cash at bank - 1,736
193,329 194,041
CREDITORS
Amounts falling due within one year 6 807,132 781,316
NET CURRENT LIABILITIES (613,803 ) (587,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(337,893

)

(311,365

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (337,895 ) (311,367 )
SHAREHOLDERS' FUNDS (337,893 ) (311,365 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th September 2024 and were signed by:





P McGettigan - Director


ANTRIM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02898734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Antrim Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts present information about the Company as an individual undertaking, and not about its group.
Consolidated accounts have not been prepared as permitted by Section 398, Companies Act 2006 (exemption for small groups).

The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its parent company, Shoal International Inc. that they will continue to support the company for the foreseeable future and will meet all third party liabilities as they fall due. Given this undertaking, the director considers it appropriate to adopt a going concern basis in preparing the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost less any provision for impairment.

Stocks
Development properties are defined as those properties in respect of which construction and development have not been completed at the balance sheet date and are classified as work in progress within stocks until sold.

Development properties are stated at the lower of cost and net realisable value where cost consists of the purchase price of the property and direct expenditure incurred in developing the property.

Financial instruments
The Company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ANTRIM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02898734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1st January 2023
and 31st December 2023 275,910
NET BOOK VALUE
At 31st December 2023 275,910
At 31st December 2022 275,910

Cost or valuation at 31st December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2020 (4,920 )
Cost 280,830
275,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 2,735 2,001
Prepayments and accrued income 3,355 3,065
6,090 5,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amount due to holding company 608,923 591,186
Wages & salaries 180,813 174,403
Directors' current accounts 13,926 9,020
Accrued expenses 3,470 6,707
807,132 781,316