Registered number
NI011622
BALLYMONEY PROPERTY HOLDING LIMITED
Unaudited Abridged Report and Accounts
31 August 2024
BALLYMONEY PROPERTY HOLDING LIMITED
Registered number: NI011622
Director's Report
The director presents his report and accounts for the year ended 31 August 2024.
Principal activities
The company's principal activity during the year continued to be property development and rental.
Directors
The following persons served as directors during the year:
David R Chartres
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
The member of Ballymoney Property Holding Limited has consented to the preparation of the Unaudited Abridged Report of Accounts statement of the financial position for the current year in accordance with Section 444 (2A) of the Companies Act 2006.
This report was approved by the board on 13 November 2024 and signed on its behalf.
David Chartres
Director
BALLYMONEY PROPERTY HOLDING LIMITED
Accountants' Report
Accountants' report to the director of
BALLYMONEY PROPERTY HOLDING LIMITED
You consider that the company is exempt from an audit for the year ended 31 August 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
A McCrory & Co Limited
15b Molesworth Street
Cookstown
Co Tyrone
BT80 8NX
13 November 2024
BALLYMONEY PROPERTY HOLDING LIMITED
Registered number: NI011622
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 442,539 442,711
Current assets
Cash at bank and in hand 5,691 5,947
Creditors: amounts falling due within one year 4 (89,686) (109,579)
Net current liabilities (83,995) (103,632)
358,544 339,079
5 (5,211) (6,983)
Total assets less current liabilities 353,333 332,096
Capital and reserves
Called up share capital 15,000 15,000
Profit and loss account 338,333 317,096
Shareholders' funds 353,333 332,096
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The member of Ballymoney Property Holding Limited has consented to the preparation of the Unaudited Abridged Report of Accounts statement of the financial position for the current year in accordance with Section 444 (2A) of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Chartres
Director
Approved by the board on 13 November 2024
BALLYMONEY PROPERTY HOLDING LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer 15% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 441,564 3,247 444,811
At 31 August 2024 441,564 3,247 444,811
Depreciation
At 1 September 2023 - 2,100 2,100
Charge for the year - 172 172
At 31 August 2024 - 2,272 2,272
Net book value
At 31 August 2024 441,564 975 442,539
At 31 August 2023 441,564 1,147 442,711
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,320 1,320
Corporation tax 5,256 6,028
Other creditors 83,110 102,231
89,686 109,579
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,211 6,983
6 Other information
BALLYMONEY PROPERTY HOLDING LIMITED is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
Seacon House
Seacon
Ballymoney
Co Antrim
BT52 6QB
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