The Cormac Trust Ltd NI630800 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is to raise awareness of sudden cardiac deaths in young people and its causes, by providing automated external defibrillators (AEDs) for sports clubs in the local region, for the use of the entire local community and training people in Cardiopulmonary Resuscitation (CPR) and the use of defibrillators. Digita Accounts Production Advanced 6.30.9574.0 true Mrs Bridget McAnallen true NI630800 2023-01-01 2023-12-31 NI630800 2023-12-31 NI630800 core:RetainedEarningsAccumulatedLosses 2023-12-31 NI630800 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI630800 core:FurnitureFittingsToolsEquipment 2023-12-31 NI630800 bus:FRS102 2023-01-01 2023-12-31 NI630800 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI630800 bus:FullAccounts 2023-01-01 2023-12-31 NI630800 bus:RegisteredOffice 2023-01-01 2023-12-31 NI630800 bus:Director1 2023-01-01 2023-12-31 NI630800 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 NI630800 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 NI630800 core:OfficeEquipment 2023-01-01 2023-12-31 NI630800 countries:NorthernIreland 2023-01-01 2023-12-31 NI630800 2022-12-31 NI630800 core:FurnitureFittingsToolsEquipment 2022-12-31 NI630800 2022-12-31 NI630800 core:RetainedEarningsAccumulatedLosses 2022-12-31 NI630800 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 NI630800 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP

Registration number: NI630800

The Cormac Trust Ltd

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

The Cormac Trust Ltd

Profit and Loss Account for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

The Cormac Trust Ltd

(Registration number: NI630800)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

90

90

Creditors: Amounts falling due within one year

5

(869)

(869)

Net liabilities

 

(779)

(779)

Reserves

 

Retained earnings

(779)

(779)

Deficit

 

(779)

(779)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 September 2024
 

.........................................
Mrs Bridget McAnallen
Director

 

The Cormac Trust Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
83 Carrycastle Road
Brantry
Dungannon
Co Tyrone
BT70 1LT
Northern Ireland

These financial statements were authorised for issue by the director on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

0% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Cormac Trust Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

2023
No.

2022
No.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

1,005

1,005

At 31 December 2023

1,005

1,005

Depreciation

At 1 January 2023

915

915

At 31 December 2023

915

915

Carrying amount

At 31 December 2023

90

90

At 31 December 2022

90

90

5

Creditors

2023
£

2022
£

Due within one year

Other payables

869

869