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BALLAST PROPERTIES LIMITED

Registered Number
NI055437
(Northern Ireland)

Unaudited Financial Statements for the Year ended
30 June 2024

BALLAST PROPERTIES LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Martin McNicholl
Colum McNicholl

Registered Address

79 Main Street
Dungiven
BT47 4LE

Registered Number

NI055437 (Northern Ireland)
BALLAST PROPERTIES LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3190,000190,000
190,000190,000
Current assets
Cash at bank and on hand3,0315,336
3,0315,336
Creditors amounts falling due within one year(225,765)(199,237)
Net current assets (liabilities)(222,734)(193,901)
Total assets less current liabilities(32,734)(3,901)
Creditors amounts falling due after one year(34,623)(65,982)
Net assets(67,357)(69,883)
Capital and reserves
Called up share capital11
Profit and loss account(67,358)(69,884)
Shareholders' funds(67,357)(69,883)
The financial statements were approved and authorised for issue by the Board of Directors on 24 March 2025, and are signed on its behalf by:
Colum McNicholl
Director
Registered Company No. NI055437
BALLAST PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
2.Average number of employees

20242023
Average number of employees during the year22
3.Fixed asset investments

Total

£
Cost or valuation
At 01 July 23190,000
At 30 June 24190,000
Net book value
At 30 June 24190,000
At 30 June 23190,000