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Company registration number: NI031899
St. Columb's Park House Limited
Filleted financial statements
31 March 2024
St. Columb's Park House Limited
Contents
Directors and other information
Directors responsibilities statement
Balance sheet
Statement of changes in equity
Notes to the financial statements
St. Columb's Park House Limited
Directors and other information
Directors Mr Dominic Bonner (Appointed 25 January 2024)
Ms Laura Canavan
Mr Martin Doherty
Mr Stephen McCrudden (Appointed 25 January 2024)
Ms Mary McKinney
Ms Sarah Quility
Mr Robin Young
Company number NI031899
Registered office St. Columb's Park House
4 Limavady Road
Derry / Londonderry
BT47 1JU
Auditor Fergus McAteer & Co.
31/33 Clarendon Street
Derry
BT48 7ER
Bankers Bank of Ireland
27 Culmore Road
Derry
BT48 8JB
St. Columb's Park House Limited
Directors responsibilities statement
Year ended 31 March 2024
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
St. Columb's Park House Limited
Balance sheet
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 - 291
_______ _______
- 291
Current assets
Debtors 6 9,874 14,276
Cash at bank and in hand 104,739 99,628
_______ _______
114,613 113,904
Creditors: amounts falling due
within one year 7 ( 114,513) ( 114,095)
_______ _______
Net current assets/(liabilities) 100 ( 191)
_______ _______
Total assets less current liabilities 100 100
_______ _______
Net assets 100 100
_______ _______
Capital and reserves
Called up share capital 100 100
_______ _______
Shareholders funds 100 100
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 September 2024 , and are signed on behalf of the board by:
Mr Martin Doherty
Director
Company registration number: NI031899
St. Columb's Park House Limited
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2022 100 - 100
Profit for the year - -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 31 March 2023 and 1 April 2023 100 - 100
Profit for the year - -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 31 March 2024 100 - 100
_______ _______ _______
St. Columb's Park House Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is St. Columb's Park House, 4 Limavady Road, Derry / Londonderry, BT47 1JU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Employee Benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for service.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Parent Company
St. Columb's Park House Limited is a wholly owned subsidiary of St Columb's Park Reconciliation Trust which is a private charitable company limited by guarantee, registered in Northern Ireland. The address of the registered office is St. Columb's Park House, 4 Limavady Road, Derry / Londonderry, BT47 1JU. Consolidated group financial statements have been prepared by the parent in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 and 31 March 2024 4,649 4,649
_______ _______
Depreciation
At 1 April 2023 4,358 4,358
Charge for the year 291 291
_______ _______
At 31 March 2024 4,649 4,649
_______ _______
Carrying amount
At 31 March 2024 - -
_______ _______
At 31 March 2023 291 291
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 8,515 13,545
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100 100
Other debtors 1,259 631
_______ _______
9,874 14,276
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 9,685 7,072
Amounts owed to group undertakings and undertakings in which the company has a participating interest 85,925 96,549
Other creditors 18,903 10,474
_______ _______
114,513 114,095
_______ _______
8. Summary audit opinion
The auditor's report dated 30 September 2024 was unqualified.
The senior statutory auditor was Conor McAteer for and on behalf of Fergus McAteer & Co.
9. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Parent ( 10,624) ( 7,188) 85,925 96,549
_______ _______ _______ _______
10. Key management personnel
Key management personnel consist of the Directors/Trustees, the Manager, the Operations Manager, Finance Manager and the Finance Officer. St. Columb's Park House Limited pays remuneration of £ 5,026 (2023: £9,758) towards key management with all remaining remuneration being paid through the parent company, St Columb's Park Reconciliation Trust Ltd.