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 NI038517 2025-03-31 NI038517 2024-03-31 NI038517 2023-03-31 NI038517 2024-04-01 2025-03-31 NI038517 2023-04-01 2024-03-31 NI038517 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI038517 uk-curr:PoundSterling 2024-04-01 2025-03-31 NI038517 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI038517 uk-bus:AbridgedAccounts 2024-04-01 2025-03-31 NI038517 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI038517 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI038517 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI038517 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI038517 uk-bus:FRS102 2024-04-01 2025-03-31 NI038517 uk-core:CostValuation 2025-03-31 NI038517 uk-core:Subsidiary1 2024-04-01 2025-03-31 NI038517 2024-04-01 2025-03-31 NI038517 uk-bus:Director1 2024-04-01 2025-03-31 NI038517 uk-bus:Director2 2024-04-01 2025-03-31 NI038517 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI038517
 
 
Bannside 2000 Limited
(A company limited by guarantee, not having a share capital)
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2025
Bannside 2000 Limited
(A company limited by guarantee, not having a share capital)
Company Registration Number: NI038517
ABRIDGED BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Fixed Assets
Investments 4 12 12
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Current Assets
Cash and cash equivalents 50,517 67,163
Creditors: amounts falling due within one year (1,871) (71,517)
───────── ─────────
Net Current Assets/(Liabilities) 48,646 (4,354)
───────── ─────────
Total Assets less Current Liabilities 48,658 (4,342)
═════════ ═════════
 
Reserves
Retained surplus/(deficit) 48,658 (4,342)
───────── ─────────
Members' Funds/(Deficit) 48,658 (4,342)
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 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
           
           
           
________________________________          
A.M. Fox          
Director          
           
           
           
________________________________
B. Irwin
Director
           



Bannside 2000 Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
The financial statements comprising the Profit and Loss Account, the Balance Sheet and the related notes constitute the individual financial statements of Bannside 2000 Limited for the financial year ended 31 March 2020.

Bannside 2000 Limited is a company limited by guarantee incorporated in Northern Ireland (registered number NI038517).  The registered office is 103 Thomas Street, Portadown. BT62 3AH. The nature of the company involves social work activities and community development through Bannside Development Agency Ltd. and Bannside Community Group subsidiaries.
         
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 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.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the
 
Investments
Investments consist of share capital in Bannside Development Agency Ltd.
 
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
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.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 8, (2024 - 8).
 
  2025 2024
  Number Number
 
Directors 8 8
  ═════════ ═════════
       
4. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 31 March 2025 12 12
  ───────── ─────────
Net book value
At 31 March 2025 12 12
  ═════════ ═════════
At 31 March 2024 12 12
  ═════════ ═════════
             
4.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
Bannside Development Agency Ltd 28-29 Obins Avenue,
Portadown
Co. Armagh
BT62 1DF
Northern Ireland
Social Work Activities   Ordinary 100%
 
 
In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.