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2023-07-01
Sage Accounts Production Advanced 2023 - FRS102_2023
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NI072191
2023-07-01
2024-06-30
NI072191
2024-06-30
NI072191
2023-06-30
NI072191
2022-07-01
2023-06-30
NI072191
2023-06-30
NI072191
2022-06-30
NI072191
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2024-06-30
NI072191
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2023-07-01
2024-06-30
NI072191
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2024-06-30
NI072191
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2024-06-30
NI072191
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2023-06-30
NI072191
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2024-06-30
NI072191
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2023-06-30
NI072191
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2024-06-30
NI072191
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2023-06-30
NI072191
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2024-06-30
NI072191
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2023-06-30
NI072191
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2024-06-30
NI072191
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2024-06-30
NI072191
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NI072191
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2024-06-30
COMPANY REGISTRATION NUMBER:
NI072191
Filleted Unaudited Financial Statements |
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Burrenview Limited |
|
Year ended 30 June 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HENRY MURRAY & COMPANY LTD.
Chartered accountants
23 Church Place,
Lurgan,
Co. Armagh.
N. Ireland
BT66 6EY
25 March 2025
Statement of Financial Position |
|
30 June 2024
Fixed assets
Current assets
Stocks |
361,600 |
|
361,600 |
Debtors |
5 |
257,470 |
|
288,005 |
Cash at bank and in hand |
25,644 |
|
12,682 |
|
--------- |
|
--------- |
|
644,714 |
|
662,287 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
623,909 |
|
622,408 |
|
--------- |
|
--------- |
Net current assets |
|
20,805 |
39,879 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
20,807 |
39,881 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
75,000 |
50,000 |
|
|
-------- |
-------- |
Net assets |
|
95,807 |
89,881 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
95,806 |
89,880 |
|
|
-------- |
-------- |
Shareholder funds |
|
95,807 |
89,881 |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
30 June 2024
These financial statements were approved by the
board of directors
and authorised for issue on
25 March 2025
, and are signed on behalf of the board by:
Mr Alan Shields |
Mr C Shields |
Director |
Director |
|
|
Company registration number:
NI072191
Notes to the Financial Statements |
|
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 196 Seacon Road, Ballymoney, Co Antrim, BT53 6PZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Investments
|
Shares in participating interests |
|
£ |
Cost |
|
At 1 July 2023 and 30 June 2024 |
2 |
|
---- |
Impairment |
|
At 1 July 2023 and 30 June 2024 |
– |
|
---- |
|
|
Carrying amount |
|
At 30 June 2024 |
2 |
|
---- |
At 30 June 2023 |
2 |
|
---- |
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
7,500 |
7,500 |
Other debtors |
249,970 |
280,505 |
|
--------- |
--------- |
|
257,470 |
288,005 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
13,664 |
13,663 |
Corporation tax |
295 |
295 |
Other creditors |
609,950 |
608,450 |
|
--------- |
--------- |
|
623,909 |
622,408 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
(
75,000) |
(
50,000) |
|
-------- |
-------- |
|
|
|
8.
Directors' advances, credits and guarantees
There was a balance brought forward owing from the directors in the amount of £30,671. This amount was repaid in full by the directors in March 2024. There is a balance of £136 owing from the director in relation to interest charged. This is repaid in full by the date of signing these accounts. Interest was charged on the outstanding balance by the director to the company charged at the official rate until it is repaid in full.
9.
Related party transactions
During the year the company invoiced Andena Residential Home Limited an amount of £7,500 in respect of management services. There is a net balance owing from the company to Andena Residential Home Limited of £594,950 at the year end. Andena Residential Home Limited is a company jointly controlled by the director. There is a balance of £147,894 owing from Streamvale Developments Limited to at the year end. Streamvale Developments Limited is a company controlled by the director.