1 October 2023 false No description of principal activity Taxfiler 2024.6 true NI636184business:PrivateLimitedCompanyLtd2023-10-012024-09-30 NI6361842023-09-30 NI6361842023-10-012024-09-30 NI636184business:AuditExemptWithAccountantsReport2023-10-012024-09-30 NI636184business:FilletedAccounts2023-10-012024-09-30 NI6361842024-09-30 NI6361842023-09-30 NI636184core:WithinOneYear2024-09-30 NI636184core:WithinOneYear2023-09-30 NI636184core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 NI636184core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 NI636184core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 NI636184core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 NI636184core:PreviouslyStatedAmount2024-09-30 NI636184core:PreviouslyStatedAmount2023-09-30 NI636184business:SmallEntities2023-10-012024-09-30 NI636184business:Director12023-10-012024-09-30 NI636184countries:NorthernIreland2023-10-012024-09-30 NI636184business:RegisteredOffice2023-10-012024-09-30 NI636184business:OrdinaryShareClass12023-10-012024-09-30 NI636184business:OrdinaryShareClass12022-10-012023-09-30 NI6361842022-10-012023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI636184 (Northern Ireland)
Readers Park Development Limited Unaudited accounts for the year ended 30 September 2024
Readers Park Development Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
45 
1,028 
Cash at bank and in hand
860 
4 
905 
1,032 
Creditors: amounts falling due within one year
(905)
(1,032)
Net current assets
- 
- 
Net assets
- 
- 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(100)
(100)
Shareholders' funds
- 
- 
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by
Patrick Heffron Director Company Registration No. NI636184
- 2 -
Readers Park Development Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Readers Park Development Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI636184. The registered office is 13 Main Street, Hillsborough, Down, BT26 6AE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors believe that Readers Park Development Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Readers Park Development Limited continues to adopt the going concern basis in preparation of its financial statements.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
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.
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 and Deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
- 3 -
Readers Park Development Limited Notes to the Accounts for the year ended 30 September 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
983 
Other debtors
45 
45 
45 
1,028 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
905 
372 
Accruals
- 
660 
905 
1,032 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
Included in creditors is amounts due to connected companies of £905 (2023: £372).
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 4 -