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Registration number: NI633997

Horsepark Wind Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Horsepark Wind Ltd

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

Detailed Profit and Loss Account

6 to 7

 

Horsepark Wind Ltd

Company Information

Directors

Mr Michael Gerard Daly

Mrs Sinead McGurk

Registered office

33 King Street
Magherafelt
Co Derry
BT45 6AR

Accountants

C.D. Diamond & Company
Chartered Accountants & Registered Auditors
46 Hill Street
Belfast
Co. Antrim
BT1 2LB

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Horsepark Wind Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Horsepark Wind Ltd for the year ended 31 March 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Horsepark Wind Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Horsepark Wind Ltd and state those matters that we have agreed to state to the Board of Directors of Horsepark Wind Ltd, as a body, in this report in accordance with Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Horsepark Wind Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Horsepark Wind Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Horsepark Wind Ltd. You consider that Horsepark Wind Ltd 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 accounts of Horsepark Wind Ltd. 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 accounts.

......................................

C.D. Diamond & Company
Chartered Accountants & Registered Auditors
46 Hill Street
Belfast
Co. Antrim
BT1 2LB

26 November 2024

 

Horsepark Wind Ltd

Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

Turnover

256,651

250,468

Depreciation and other amounts written off assets

(44,251)

(44,250)

Other charges

(28,519)

(28,637)

Profit before tax

183,881

177,581

Tax on profit

(44,181)

(38,572)

Profit for the year

139,700

139,009

 

Horsepark Wind Ltd

(Registration number: NI633997)
Balance Sheet as at 31 March 2024

2024
£

2023
£

Fixed assets

164,387

208,637

Current assets

141,237

119,390

Prepayments and accrued income

941

920

Creditors: Amounts falling due within one year

(71,563)

(96,480)

Net current assets

70,615

23,830

Total assets less current liabilities

235,002

232,467

Creditors: Amounts falling due after more than one year

(12,608)

(22,523)

Provisions for liabilities

(9,731)

(20,132)

Accruals and deferred income

(8,442)

(5,290)

 

204,221

184,522

Capital and reserves

204,221

184,522

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
33 King Street
Magherafelt
Co Derry
BT45 6AR

These financial statements were authorised for issue by the Board on 26 November 2024.

Basis of preparation

 

Horsepark Wind Ltd

(Registration number: NI633997)
Balance Sheet as at 31 March 2024

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
Mr Michael Gerard Daly
Director

.........................................
Mrs Sinead McGurk
Director

 

Horsepark Wind Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

Turnover (analysed below)

256,651

250,468

Gross profit (%)

100%

100%

Administrative expenses

Establishment costs (analysed below)

(17,093)

(15,300)

General administrative expenses (analysed below)

(9,897)

(9,311)

Finance charges (analysed below)

(140)

(160)

Depreciation costs (analysed below)

(44,251)

(44,250)

(71,381)

(69,021)

Operating profit

185,270

181,447

Interest payable and similar expenses (analysed below)

(1,389)

(3,866)

Profit before tax

183,881

177,581

 

Horsepark Wind Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

   

Turnover

Sale of goods, UK

256,651

250,468

   

Establishment costs

Rates

(9,521)

(7,644)

Light, heat and power

(666)

(748)

Insurance

(934)

(873)

Repairs and maintenance

(5,972)

(6,035)

(17,093)

(15,300)

   

General administrative expenses

Computer software and maintenance costs

(180)

(180)

Sundry expenses

(42)

(49)

Management charges payable

(7,000)

(6,557)

Accountancy fees

(2,675)

(2,525)

(9,897)

(9,311)

   

Finance charges

Bank charges

(140)

(160)

   

Depreciation costs

Depreciation of long leasehold property

(2,000)

(2,000)

Depreciation of plant and machinery (owned)

(42,251)

(42,250)

(44,251)

(44,250)

   

Interest payable and similar expenses

Bank loan interest payable

(1,389)

(3,866)