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Registration number: 12218144

Ballymoss Parade Properties Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2024

Ballymoss Parade Properties Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

Ballymoss Parade Properties Ltd

Company Information

Directors | Mr Declan Lennon Ms Sinead Croke

Registered office | C/o Bissell & Brown Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

Accountants | Bissell & Brown Midlands Ltd Chartered Certified Accountants Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ballymoss Parade Properties Ltd
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ballymoss Parade Properties Ltd for the year ended 30 September 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ballymoss Parade Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of Ballymoss Parade Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Ballymoss Parade Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ballymoss Parade Properties Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ballymoss Parade Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ballymoss Parade Properties Ltd. You consider that Ballymoss Parade Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ballymoss Parade Properties Ltd. For this reason, we have not verified the 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 accounts.

......................................
Bissell & Brown Midlands Ltd
Chartered Certified Accountants
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

19 June 2025

Ballymoss Parade Properties Ltd

(Registration number: 12218144)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 1,373 | 727
Investment property | 5 | 467,357 | 355,302
|  | 468,730 | 356,029
Current assets |  |  |
Debtors | 6 | 472 | 31,444
Cash at bank and in hand |  | 13,159 | 10,460
|  | 13,631 | 41,904
Creditors: Amounts falling due within one year | 7 | (269,115) | (187,625)
Net current liabilities |  | (255,484) | (145,721)
Total assets less current liabilities |  | 213,246 | 210,308
Creditors: Amounts falling due after more than one year | 7 | (240,771) | (240,170)
Net liabilities |  | (27,525) | (29,862)
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | (27,625) | (29,962)
Shareholders' deficit |  | (27,525) | (29,862)

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the directors' report and the Profit and Loss Account.

Approved and authorised by the Board on 19 June 2025 and signed on its behalf by:

......................................... Mr Declan Lennon Director | ......................................... Ms Sinead Croke Director |

Ballymoss Parade Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
C/o Bissell & Brown
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ
United Kingdom

The principal place of business is:
19 Lonsdale Road
Harborne
Birmingham
B17 9QX
England

These financial statements were authorised for issue by the Board on 19 June 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Ballymoss Parade Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2 | Accounting policies (continued)

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ballymoss Parade Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 October 2023 | 1,237 | 1,237
Additions | 1,118 | 1,118
At 30 September 2024 | 2,355 | 2,355
Depreciation
At 1 October 2023 | 510 | 510
Charge for the year | 472 | 472
At 30 September 2024 | 982 | 982
Carrying amount
At 30 September 2024 | 1,373 | 1,373
At 30 September 2023 | 727 | 727

Ballymoss Parade Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5 | Investment properties

| 2024 £
At 1 October | 355,302
Additions | 112,055
At 30 September | 467,357

There has been no valuation of investment property by an independent valuer.

6 | Debtors

Current | 2024 £ | 2023 £
Prepayments | 372 | 338
Other debtors | 100 | 31,106
| 472 | 31,444

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 7.1 | 267,065 | 185,825
Accruals and deferred income |  | 1,350 | 1,100
Other creditors |  | 700 | 700
|  | 269,115 | 187,625

Creditors: amounts falling due after more than one year

7.1 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Director loans | 267,065 | 185,825

Ballymoss Parade Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

7 | Creditors (continued)

7.1 | Loans and borrowings (continued)

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank loans | 240,771 | 240,170

Bank borrowings

8 | Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are guarantees of £240,771 (2023 - £240,170). The bank loans are secured by a charge over the investment property.

9 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100