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Company registration number: NI650493
Southbank Residential (NI) Limited
Unaudited filleted financial statements
31 December 2023
Southbank Residential (NI) Limited
Contents
Accountants report
Statement of financial position and notes to the financial statements
Southbank Residential (NI) Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Southbank Residential (NI) Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southbank Residential (NI) Limited for the year ended 31 December 2023 which comprise the statement of financial position 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 director of Southbank Residential (NI) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Southbank Residential (NI) Limited and state those matters that we have agreed to state to them, 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 Southbank Residential (NI) Limited and its director as a body for our work or for this report.
It is your duty to ensure that Southbank Residential (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 Southbank Residential (NI) Limited. You consider that Southbank Residential (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 Southbank Residential (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.
Gavin Reid and Company
Chartered Accountants
Unit 1
212-218 Upper Newtownards Road
Belfast
BT4 3ET
20 January 2025
Southbank Residential (NI) Limited
Statement of financial position
31 December 2023
2023 2022
£ £ £ £
Fixed assets 52,026 51,917
_______ _______
Current assets 129,884 134,829
Prepayments and accrued income 2,021 2,251
_______ _______
131,905 137,080
Creditors: amounts falling due within one year ( 38,137) ( 54,210)
_______ _______
Net current assets 93,768 82,870
_______ _______
Total assets less current liabilities 145,794 134,787
Creditors: amounts falling due after more than one year ( 9,243) ( 14,965)
Accruals and deferred income ( 1,854) ( 1,988)
_______ _______
Net assets 134,697 117,834
_______ _______
Capital and reserves 134,697 117,834
_______ _______
Notes to the financial statements
Southbank Residential (NI) Limited
Year ended 31 December 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his 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 20 January 2025 , and are signed on behalf of the board by:
D K Barr
Director
Company registration number: NI650493
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 1, 212-218 Upper Newtownards Road, Belfast, BT4 3ET.