Relate AccountsProduction v2.7.3 v2.7.3 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be that of property letting. 23 January 2025 1 1 NI022592 2024-03-31 NI022592 2023-03-31 NI022592 2022-03-31 NI022592 2023-04-01 2024-03-31 NI022592 2022-04-01 2023-03-31 NI022592 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI022592 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI022592 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI022592 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI022592 uk-core:ShareCapital 2024-03-31 NI022592 uk-core:ShareCapital 2023-03-31 NI022592 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI022592 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI022592 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI022592 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI022592 uk-bus:FRS102 2023-04-01 2024-03-31 NI022592 uk-core:CurrentFinancialInstruments 2024-03-31 NI022592 uk-core:CurrentFinancialInstruments 2023-03-31 NI022592 uk-core:WithinOneYear 2024-03-31 NI022592 uk-core:WithinOneYear 2023-03-31 NI022592 2023-04-01 2024-03-31 NI022592 uk-bus:Director1 2023-04-01 2024-03-31 NI022592 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI022592
 
 
Ormonde Enterprises Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Ormonde Enterprises Limited
Company Registration Number: NI022592
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
 
Tangible assets 4 8,000 8,000
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Current Assets
 
Debtors 5 69,707 71,935
 
Cash at bank and in hand 37,567 30,035
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107,274 101,970
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Creditors: amounts falling due within one year 6 (69,886) (69,886)
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Net Current Assets 37,388 32,084
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Total Assets less Current Liabilities 45,388 40,084
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Capital and Reserves
 
Called up share capital 2 2
 
Retained earnings 45,386 40,082
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Shareholders' Funds 45,388 40,084
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 23 January 2025
           
________________________________          
Margaret Kearney          
Director          
           



Ormonde Enterprises Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Ormonde Enterprises Limited is a company limited by shares incorporated in Northern Ireland. 52 Belfast Road, Newry, Co Down, BT34 1TR is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Total 1 1
  ═════════ ═════════
       
4. Tangible assets
  Investment Total
  properties  
     
  £ £
Cost
At 1 April 2023 8,000 8,000
  ───────── ─────────
 
At 31 March 2024 8,000 8,000
  ───────── ─────────
Depreciation
At 1 April 2023 - -
  ───────── ─────────
At 31 March 2024 - -
  ───────── ─────────
Net book value
At 31 March 2024 8,000 8,000
  ═════════ ═════════
At 31 March 2023 8,000 8,000
  ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 772 3,000
Other debtors 68,935 68,935
  ───────── ─────────
  69,707 71,935
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Director's current account 69,000 69,000
Other creditors 886 886
  ───────── ─────────
  69,886 69,886
  ═════════ ═════════
       
7. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.