BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the development of community workshops in Portadown to promote small businesses and community development in the area. 27 May 2025 8 8 NI024177 2025-03-31 NI024177 2024-03-31 NI024177 2023-03-31 NI024177 2024-04-01 2025-03-31 NI024177 2023-04-01 2024-03-31 NI024177 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI024177 uk-curr:PoundSterling 2024-04-01 2025-03-31 NI024177 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI024177 uk-bus:FullAccounts 2024-04-01 2025-03-31 NI024177 uk-bus:Director1 2024-04-01 2025-03-31 NI024177 uk-bus:Director2 2024-04-01 2025-03-31 NI024177 uk-bus:Director3 2024-04-01 2025-03-31 NI024177 uk-bus:Director4 2024-04-01 2025-03-31 NI024177 uk-bus:Director5 2024-04-01 2025-03-31 NI024177 uk-bus:Director6 2024-04-01 2025-03-31 NI024177 uk-bus:Director7 2024-04-01 2025-03-31 NI024177 uk-bus:Director8 2024-04-01 2025-03-31 NI024177 uk-bus:RegisteredOffice 2024-04-01 2025-03-31 NI024177 uk-bus:Agent1 2024-04-01 2025-03-31 NI024177 uk-core:ShareCapital 2025-03-31 NI024177 uk-core:ShareCapital 2024-03-31 NI024177 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI024177 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI024177 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI024177 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI024177 uk-bus:FRS102 2024-04-01 2025-03-31 NI024177 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 NI024177 uk-core:CurrentFinancialInstruments 2025-03-31 NI024177 uk-core:CurrentFinancialInstruments 2024-03-31 NI024177 uk-core:WithinOneYear 2025-03-31 NI024177 uk-core:WithinOneYear 2024-03-31 NI024177 2024-04-01 2025-03-31 NI024177 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI024177
 
 
Bannside Development Agency Limited
 
Unaudited Financial Statements
 
for the financial year to cessation on 31 March 2025
Bannside Development Agency Limited
DIRECTORS AND OTHER INFORMATION

 
Directors David Ferguson
Anne Marie Fox
Brian Herbert Irwin
Fr Myles Kavanagh
Monica McGurgan
John Ross McDonagh
James Morgan
Sr Mary Turley
 
 
Company Registration Number NI024177
 
 
Registered Office 103 Thomas Street
Portadown
Armagh
BT62 3AH
United Kingdom
 
 
Business Address 28-29 Obins Street
Portadown
Armagh
BT62 1DF
Northern Ireland
 
 
Accountants MG accountants
Chartered Accountants
25-27 Carleton Street
Portadown
BT623EP
 
 
Bankers AIB
  18-20 Scotch St
  Dungannon
  Tyrone
  BT70 1AZ
 
   
Solicitors R.M. Cullen & Sons
  16-20 Church St
  Portadown
  Armagh
  BT62 3NA



Bannside Development Agency Limited
Company Registration Number: NI024177
BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Current Assets
Debtors 5 - 71,290
Creditors: amounts falling due within one year 6 - (850)
───────── ─────────
Net Current (Liabilities)/Assets - 70,440
───────── ─────────
Total Assets less Current Liabilities - 70,440
 
Creditors:
amounts falling due after more than one year 7 - (82,208)
───────── ─────────
Net Liabilities - (11,768)
═════════ ═════════
 
Capital and Reserves
Called up share capital 12 12
Retained earnings (12) (11,780)
───────── ─────────
Shareholders' Funds - (11,768)
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year to cessation on 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 27 May 2025 and signed on its behalf by
           
           
           
________________________________          
Brian Herbert Irwin          
Director          
           



Bannside Development Agency Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year to cessation on 31 March 2025

   
1. General Information
 
Bannside Development Agency Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI024177. The registered office of the company is 103 Thomas Street, Portadown, Armagh, BT62 3AH, United Kingdom. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
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.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 8, (2024 - 8).
 
  2025 2024
  Number Number
 
Director's 8 8
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2024 23,623 23,623
  ───────── ─────────
 
At 31 March 2025 23,623 23,623
  ───────── ─────────
Depreciation
At 1 April 2024 23,623 23,623
  ───────── ─────────
 
At 31 March 2025 23,623 23,623
  ───────── ─────────
Net book value
At 31 March 2025 - -
  ═════════ ═════════
       
5. Debtors 2025 2024
  £ £
 
Amounts owed by group undertakings - 71,290
  ═════════ ═════════
       
6. Creditors 2025 2024
Amounts falling due within one year £ £
 
Accruals - 850
  ═════════ ═════════
       
7. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Other loans - 82,208
  ═════════ ═════════
 
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2025.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.