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REGISTERED NUMBER: NI661411 (Northern Ireland)















UMGOLA PARK LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






UMGOLA PARK LIMITED (REGISTERED NUMBER: NI661411)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UMGOLA PARK LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Karen Catherine McAnerney
Aidan John McAnerney





REGISTERED OFFICE: McAnerney Bros
Irish Street
Armagh
Armagh
BT61 7EP





REGISTERED NUMBER: NI661411 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

UMGOLA PARK LIMITED (REGISTERED NUMBER: NI661411)

Statement of Financial Position
31 MAY 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Investment property 5 600,000 600,000

CURRENT ASSETS
Cash in hand 101 101

PAYABLES
Amounts falling due within one year 6 (376,788 ) (376,788 )
NET CURRENT LIABILITIES (376,687 ) (376,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,313

223,313

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 223,212 223,212
SHAREHOLDERS' FUNDS 223,313 223,313

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




Aidan John McAnerney - Director



Karen Catherine McAnerney - Director


UMGOLA PARK LIMITED (REGISTERED NUMBER: NI661411)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Umgola Park Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuations use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the Income Statement.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023
and 31 May 2024 600,000
NET BOOK VALUE
At 31 May 2024 600,000
At 31 May 2023 600,000

The directors consider that such valuations are reflective of the open market value of the properties at 31 May 2023.

UMGOLA PARK LIMITED (REGISTERED NUMBER: NI661411)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

6. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 300,000 300,000
Other payables 76,788 76,788
376,788 376,788

The amounts owed to the group undertakings are interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
101 Ordinary 1 101 101