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Company registration number: NI040588
Charity number: 104989
LISMULLIN EDUCATIONAL FOUNDATION (NI) LIMITED
Company limited by guarantee
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 April 2024
LISMULLIN EDUCATIONAL FOUNDATION (NI) LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
_________________________________________________________________________________________
Contents
Directors and other information
Accountants report
Balance sheet and notes to the financial statements
LISMULLIN EDUCATIONAL FOUNDATION (NI) LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
_________________________________________________________________________________________
Directors Peter Cosgrove
Berta Cunha
Paul Harman
William Kiely
Seamus McKeague
Nicholas McKenna
Christopher Noonan
Leo O'Reilly
Liam Sammon
Ronan Scullion
Prados Marta
Secretary Paul Harman
Company number NI040588
Registered office 104 Malone Road
Belfast
BT9 5HP
Accountants Kelly and O'Neill Ltd
15e Molesworth Street
Cookstown
Co. Tyrone
BT80 8NX
Bankers First Trust Bank
35 University Road
Belfast
BT7 1ND
LISMULLIN EDUCATIONAL FOUNDATION (NI) LIMITED
COMPANY LIMITED BY GUARANTEE
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LISMULLIN EDUCATIONAL FOUNDATION (NI) LIMITED (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
________________________________________________________________________________________
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lismullin Educational Foundation (NI) Limited for the year ended 30 April 2024 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Lismullin Educational Foundation (NI) Limited, as a body, in accordance with the terms of our engagement letter dated 13 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Lismullin Educational Foundation (NI) Limited and state those matters that we have agreed to state to the board of directors of Lismullin Educational Foundation (NI) Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lismullin Educational Foundation (NI) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Lismullin Educational Foundation (NI) 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 Lismullin Educational Foundation (NI) Limited. You consider that Lismullin Educational Foundation (NI) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Lismullin Educational Foundation (NI) Limited. For this reason, we have not verified the 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.
Kelly and O'Neill Ltd
Chartered Accountants
15e Molesworth Street
Cookstown
Co. Tyrone
BT80 8NX
30 November 2024
LISMULLIN EDUCATIONAL FOUNDATION (NI) LIMITED
BALANCE SHEET
30 APRIL 2024
_______________________________________________________________________________________
2024 2023
£ £
Fixed assets 1,789,903 1,795,686
_______ _______
Current assets 245,888 386,353
Creditors: amounts falling due within one year ( 659) ( 1,189)
_______ _______
Net current assets 245,229 385,164
_______ _______
Total assets less current liabilities 2,035,132 2,180,850
Creditors: amounts falling due after more than one year ( 708,011) ( 910,927)
Accruals and deferred income ( 2,474) ( 4,089)
_______ _______
Net assets 1,324,647 1,265,834
_______ _______
Capital and reserves 1,324,647 1,265,834
_______ _______
Notes to the financial statements
LISMULLIN EDUCATIONAL FOUNDATION (NI) LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
_________________________________________________________________________________________
1. Foreign currency loan
The profit and loss shows a foreign currency adjustment for the loan of £28,194. The balance still to be repaid at the year end is €829,150.32, the loan is interest free, unsecured and has no fixed repayment terms.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 November 2024 , and are signed on behalf of the board by:
Seamus McKeague
Director
Company registration number: NI040588
The company is a private company limited by shares, registered in Nothern Ireland.