REGISTERED NUMBER: NI663421 (Northern Ireland)

Heart Of Down Rural Society Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

T A W Crawford

B Douglas

D W Ross

P J Tate

REGISTERED OFFICE:

12 Ashburn

Ballynahinch

BT24 8DQ

REGISTERED NUMBER:

NI663421 (Northern Ireland)

ACCOUNTANTS:

S.M. Vint & Company

Chartered Certified Accountants

8 Newry Road

Banbridge

Co. Down

BT32 3HN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

S.M. Vint & Company

Chartered Certified Accountants

8 Newry Road

Banbridge

Co. Down

BT32 3HN

18 March 2025

FIXED ASSETS

Tangible assets

4

208,279

216,455

CURRENT ASSETS

Debtors

5

119

38

Cash at bank

346

2,103

465

2,141

CREDITORS

Amounts falling due within one year

6

66,091

67,071

NET CURRENT LIABILITIES

(65,626

)

(64,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

142,653

151,525

CREDITORS

Amounts falling due after more than one year

7

154,160

159,988

NET LIABILITIES

(11,507

)

(8,463

)

RESERVES

Income and expenditure account

(11,507

)

(8,463

)

(11,507

)

(8,463

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 surplus or deficit 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 18 March 2025 and were signed on its behalf by:

B Douglas - Director

1.	STATUTORY INFORMATION

Heart Of Down Rural Society Ltd is a private company, limited by guarantee , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 August 2023

and 31 July 2024

239,268

1,250

240,518

DEPRECIATION

At 1 August 2023

23,813

250

24,063

Charge for year

7,976

200

8,176

At 31 July 2024

31,789

450

32,239

NET BOOK VALUE

At 31 July 2024

207,479

800

208,279

At 31 July 2023

215,455

1,000

216,455

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

119

38

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

216

221

Other creditors

65,875

66,850

66,091

67,071

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

154,160

159,988

8.	LIMITED BY GUARANTEE

Every member of the Company undertakes to contribute to the assets of the Company in the

event of it being wound up while he is a member or within one year after he ceases to be a

member, for payment of the debts and liabilities of the company contracted before he

ceases to be a member and the costs, charges and expenses of winding-up and for the

adjustment of the rights of the contributors amongst themselves, such as may be

required not exceeding £1.