Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI637943 Mrs Ruth Smith Miss Rachel Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI637943 2023-03-31 NI637943 2024-03-31 NI637943 2023-04-01 2024-03-31 NI637943 frs-core:CurrentFinancialInstruments 2024-03-31 NI637943 frs-core:Non-currentFinancialInstruments 2024-03-31 NI637943 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 NI637943 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI637943 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 NI637943 frs-core:RevaluationReserve 2023-04-01 2024-03-31 NI637943 frs-core:RevaluationReserve 2023-03-31 NI637943 frs-core:RevaluationReserve 2024-03-31 NI637943 frs-core:ShareCapital 2024-03-31 NI637943 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI637943 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI637943 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI637943 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI637943 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI637943 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI637943 frs-bus:Director1 2023-04-01 2024-03-31 NI637943 frs-bus:Director2 2023-04-01 2024-03-31 NI637943 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI637943 2022-03-31 NI637943 2023-03-31 NI637943 2022-04-01 2023-03-31 NI637943 frs-core:CurrentFinancialInstruments 2023-03-31 NI637943 frs-core:Non-currentFinancialInstruments 2023-03-31 NI637943 frs-core:RevaluationReserve 2023-03-31 NI637943 frs-core:ShareCapital 2023-03-31 NI637943 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI637943
Bangor Rentals NI Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI637943
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,230,000 2,680,000
3,230,000 2,680,000
CURRENT ASSETS
Debtors 5 1 1
Investments 6 - 455
Cash at bank and in hand 15,200 18,801
15,201 19,257
Creditors: Amounts Falling Due Within One Year 7 (5,259 ) (3,280 )
NET CURRENT ASSETS (LIABILITIES) 9,942 15,977
TOTAL ASSETS LESS CURRENT LIABILITIES 3,239,942 2,695,977
Creditors: Amounts Falling Due After More Than One Year 8 (1,735,973 ) (1,347,619 )
NET ASSETS 1,503,969 1,348,358
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 1,544,827 1,392,827
Profit and Loss Account (40,859 ) (44,470 )
SHAREHOLDERS' FUNDS 1,503,969 1,348,358
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Ruth Smith
Director
13th January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bangor Rentals NI Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI637943 . The registered office is 42 Tullyglush Road, Banbridge, BT32 3TN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 April 2023 2,680,000
Revaluation 550,000
As at 31 March 2024 3,230,000
Net Book Value
As at 31 March 2024 3,230,000
As at 1 April 2023 2,680,000
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 1 1
Page 3
Page 4
6. Current Asset Investments
2024 2023
£ £
Short term deposits - 455
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,679 -
Accruals and deferred income 1,080 3,280
Amounts owed to associates 1,500 -
5,259 3,280
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,364,816 1,347,619
Other loans 371,157 -
1,735,973 1,347,619
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
10. Reserves
Revaluation Reserve
£
As at 1 April 2023 1,392,827
Net investment property revaluation reserve 152,000
As at 31 March 2024 1,544,827
Page 4