PLC Belfast Resources Limited NI633555 true 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Electrical installation Digita Accounts Production Advanced 6.30.9574.0 true Mr James Joseph McConville NI633555 2023-10-01 2024-09-30 NI633555 2024-09-30 NI633555 bus:OrdinaryShareClass1 2024-09-30 NI633555 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI633555 core:ShareCapital 2024-09-30 NI633555 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 NI633555 core:Non-currentFinancialInstruments 2024-09-30 NI633555 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 NI633555 core:OfficeEquipment 2024-09-30 NI633555 bus:FRS102 2023-10-01 2024-09-30 NI633555 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 NI633555 bus:FullAccounts 2023-10-01 2024-09-30 NI633555 bus:RegisteredOffice 2023-10-01 2024-09-30 NI633555 bus:Director1 2023-10-01 2024-09-30 NI633555 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 NI633555 bus:EntityHasNeverTraded 2023-10-01 2024-09-30 NI633555 bus:Consolidated 2023-10-01 2024-09-30 NI633555 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI633555 core:OfficeEquipment 2023-10-01 2024-09-30 NI633555 countries:England 2023-10-01 2024-09-30 NI633555 2023-09-30 NI633555 core:OfficeEquipment 2023-09-30 NI633555 2023-09-30 NI633555 bus:OrdinaryShareClass1 2023-09-30 NI633555 core:RetainedEarningsAccumulatedLosses 2023-09-30 NI633555 core:ShareCapital 2023-09-30 NI633555 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 NI633555 core:Non-currentFinancialInstruments 2023-09-30 NI633555 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 NI633555 core:OfficeEquipment 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI633555

PLC Belfast Resources Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

PLC Belfast Resources Limited

Profit and Loss Account for the Year Ended 30 September 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

PLC Belfast Resources Limited

(Registration number: NI633555)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,823

1,823

Current assets

 

Cash at bank and in hand

 

39

39

Creditors: Amounts falling due within one year

5

(7,601)

(7,601)

Net current liabilities

 

(7,562)

(7,562)

Total assets less current liabilities

 

(5,739)

(5,739)

Creditors: Amounts falling due after more than one year

5

(10,250)

(10,250)

Net liabilities

 

(15,989)

(15,989)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(15,990)

(15,990)

Shareholders' deficit

 

(15,989)

(15,989)

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.

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 25 June 2025
 

.........................................
Mr James Joseph McConville
Director

 

PLC Belfast Resources Limited

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.

The address of its registered office is:
Apt 11
2 Clonavogie Gardens
Clonavogie
Belfast
Northern Ireland
BT12 6TG

These financial statements were authorised for issue by the director on 25 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

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

Equipment

RB 25%

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.

 

PLC Belfast Resources Limited

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

2

Accounting policies (continued)

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.

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.

 

PLC Belfast Resources Limited

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

3

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

4,764

4,764

At 30 September 2024

4,764

4,764

Depreciation

At 1 October 2023

2,941

2,941

At 30 September 2024

2,941

2,941

Carrying amount

At 30 September 2024

1,823

1,823

At 30 September 2023

1,823

1,823

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

39

39

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

5,538

5,538

Social security and other taxes

 

864

864

Other payables

 

(1)

(1)

Accruals

 

1,200

1,200

 

7,601

7,601

Due after one year

 

Loans and borrowings

7

10,250

10,250

6

Share capital

Allotted, called up and fully paid shares

 

PLC Belfast Resources Limited

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

6

Share capital (continued)

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,250

10,250