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REGISTERED NUMBER: NI039026 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FERMANAGH LAKELAND TOURISM LIMITED

FERMANAGH LAKELAND TOURISM LIMITED (REGISTERED NUMBER: NI039026)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

FERMANAGH LAKELAND TOURISM LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Councillor T O'Reilly
Councillor P Robinson
Mrs M B Gormley
Mr D L Morrison
Councillor G McPhillips
Mr C O'Dolan
Mrs T O'Loughlin
Councillor D Coyle
Councillor B C McElduff
Mr M J Cadden
Councillor R E Crawford
Ms W Newell
Mr C Broderick


SECRETARY: Mr D L Morrison


REGISTERED OFFICE: Enniskillen Castle
Enniskillen
Co. Fermanagh
BT74 7HL


REGISTERED NUMBER: NI039026 (Northern Ireland)


ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


BANKERS: Ulster Bank Limited
16 Darling Street
Enniskillen
Co. Fermanagh
BT74 7ER

FERMANAGH LAKELAND TOURISM LIMITED (REGISTERED NUMBER: NI039026)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 257 341

CURRENT ASSETS
Debtors 5 13,183 37,787
Cash at bank 6,944 59
20,127 37,846
CREDITORS
Amounts falling due within one year 6 10,635 34,391
NET CURRENT ASSETS 9,492 3,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,749

3,796

RESERVES
Income and expenditure account 7 9,749 3,796
9,749 3,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr D L Morrison - Director


FERMANAGH LAKELAND TOURISM LIMITED (REGISTERED NUMBER: NI039026)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

Fermanagh Lakeland Tourism Limited is a private company, limited by guarantee , registered in Northern Ireland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its estimated useful life as follows:-

Fixtures and Fittings - 20% on reducing balance
Computer Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

FERMANAGH LAKELAND TOURISM LIMITED (REGISTERED NUMBER: NI039026)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,161 9,140 10,301
DEPRECIATION
At 1 April 2023 1,140 8,820 9,960
Charge for year 4 80 84
At 31 March 2024 1,144 8,900 10,044
NET BOOK VALUE
At 31 March 2024 17 240 257
At 31 March 2023 21 320 341

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 13,183 36,520
VAT - 267
Prepayments and accrued income - 1,000
13,183 37,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,098 25,929
Social security and other taxes 2,273 4,425
VAT 16 -
Accruals and deferred income 4,248 4,037
10,635 34,391

7. RESERVES
Income
and
expenditure
account
£   

At 1 April 2023 3,796
Surplus for the year 5,953
At 31 March 2024 9,749

FERMANAGH LAKELAND TOURISM LIMITED (REGISTERED NUMBER: NI039026)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


8. GOING CONCERN

The Company is dependent upon the continual support of Fermanagh & Omagh District Council and other funders in order to meet its commitments as they fall due. On the basis of that support the Directors believe that the company can continue trading as a going concern.

FERMANAGH LAKELAND TOURISM LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FERMANAGH LAKELAND TOURISM LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


9 October 2024