BrightAccountsProduction v1.0.0 v1.0.0 2023-07-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is property development, management and construction. 24 March 2025 2 2 NI618996 2024-06-30 NI618996 2023-06-30 NI618996 2022-06-30 NI618996 2023-07-01 2024-06-30 NI618996 2022-07-01 2023-06-30 NI618996 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI618996 uk-curr:PoundSterling 2023-07-01 2024-06-30 NI618996 uk-bus:AbridgedAccounts 2023-07-01 2024-06-30 NI618996 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 NI618996 uk-core:ShareCapital 2024-06-30 NI618996 uk-core:ShareCapital 2023-06-30 NI618996 uk-core:OtherReservesSubtotal 2024-06-30 NI618996 uk-core:OtherReservesSubtotal 2023-06-30 NI618996 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI618996 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI618996 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI618996 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI618996 uk-bus:FRS102 2023-07-01 2024-06-30 NI618996 uk-core:PlantMachinery 2023-07-01 2024-06-30 NI618996 uk-core:MotorVehicles 2023-07-01 2024-06-30 NI618996 2023-07-01 2024-06-30 NI618996 uk-bus:Director1 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Bannerville Developments Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2024



Bannerville Developments Ltd
DIRECTORS' REPORT
for the financial year ended 30 June 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 30 June 2024.
 
Principal Activity
The principal activity of the company is property development, management and construction.
     
Results and Dividends
The (loss)/profit for the financial year after providing for depreciation and taxation amounted to £(29,228) (2023 - £9,431).
     
Directors
The directors who served during the financial year are as follows:
     
Kay Sloan
Ronald Sloan (Appointed 10 September 2024)
   
There were no changes in shareholdings between 30 June 2024 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements
     
The directors made the following statement in respect of the unaudited financial statements:
     
"General responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Abridged Balance Sheet and the related notes:
     
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The directors confirm that they have made available to John MacMahon & Co, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 30 June 2024."
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Kay Sloan
Director
     
24 March 2025



Bannerville Developments Ltd

CHARTERED ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited Abridged financial statements of Bannerville Developments Ltd
for the financial year ended 30 June 2024
 
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the abridged financial statements of the company for the financial year ended 30 June 2024 as set out on pages  to  which comprise the Abridged Balance Sheet and the related notes from the company's accounting records and information and explanations you have given to us.
 
This report is made solely to the Board of Directors of Bannerville Developments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Balance Sheet for the year ended 30 June 2024 your duty to ensure that Bannerville Developments Ltd 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 loss of Bannerville Developments Ltd. You consider that Bannerville Developments Ltd is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the abridged financial statements of Bannerville Developments Ltd. For this reason, we have not verified the adequacy, 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 abridged financial statements.
 
 
 
__________________________________
JOHN MACMAHON & CO
Chartered Accountants and Registered Auditors
112 Camlough Road
Newry
Co. Down
BT35 7EE
 
24 March 2025



Bannerville Developments Ltd
Company Registration Number: NI618996
ABRIDGED BALANCE SHEET
as at 30 June 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 20,058 25,073
Investment properties 5 200,000 200,000
───────── ─────────
Fixed Assets 220,058 225,073
───────── ─────────
 
Current Assets
Stocks 359,775 219,775
Debtors 5,410 4,872
Cash at bank and in hand 1,254 124,578
───────── ─────────
366,439 349,225
───────── ─────────
Creditors: amounts falling due within one year (343,139) (273,289)
───────── ─────────
Net Current Assets 23,300 75,936
───────── ─────────
Total Assets less Current Liabilities 243,358 301,009
 
Creditors:
amounts falling due after more than one year (178,834) (211,068)
 
Provisions for liabilities (3,811) -
───────── ─────────
Net Assets 60,713 89,941
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Other reserves 144,560 144,560
Retained earnings (83,947) (54,719)
───────── ─────────
Shareholders' Funds 60,713 89,941
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account.
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm 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 directors acknowledge 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 Board and authorised for issue on 24 March 2025 and signed on its behalf by
           
           
________________________________          
Kay Sloan          
Director          
           



Bannerville Developments Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2024

   
1. General Information
 
Bannerville Developments Ltd is a private company limited by shares incorporated in Northern Ireland. 27 Ballymageogh Road, Kilkeel, Co. Down, BT34 4HW, Northern Ireland is the registered office, which is also the principal place of business of the company.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity for the financial year end 30th June 2024.
         
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 30 June 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 total value of services supplied by the company, exclusive of trade discounts and value added tax.

Turnover from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are shipped to, or are picked up by, the customer.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
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 Abridged 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 Abridged Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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
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.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was:
 
  2024 2023
  Number Number
 
Employees 2 2
  ═════════ ═════════
         
4. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost or Valuation
At 1 July 2023 21,263 15,500 36,763
  ───────── ───────── ─────────
 
At 30 June 2024 21,263 15,500 36,763
  ───────── ───────── ─────────
Depreciation
At 1 July 2023 3,994 7,696 11,690
Charge for the financial year 3,454 1,561 5,015
  ───────── ───────── ─────────
At 30 June 2024 7,448 9,257 16,705
  ───────── ───────── ─────────
Net book value
At 30 June 2024 13,815 6,243 20,058
  ═════════ ═════════ ═════════
At 30 June 2023 17,269 7,804 25,073
  ═════════ ═════════ ═════════
     
5. Investment Properties
  Investment
  properties
 
  £
Cost
 
At 30 June 2024 200,000
  ─────────
Net book value
At 30 June 2024 200,000
  ═════════
At 30 June 2023 200,000
  ═════════
 
The property at Bridge Street, Kilkeel, was valued by an independent third party, during the year ended 30th June 2020. The director is of the opinion that the value stated in the financial statements has not changed in the financial year ended 30th June 2024 based on the value of comparable properties in the area.
       
6. Company Guarantees
 
Bannerville Developments Ltd have given guarantees in the form of a fixed and floating charge over company assets in respect of company borrowings.