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REGISTERED NUMBER: NI024807 (Northern Ireland)













COMMUNITY TRAINING AND RESEARCH SERVICES
LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






COMMUNITY TRAINING AND RESEARCH SERVICES
LTD (REGISTERED NUMBER: NI024807)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


COMMUNITY TRAINING AND RESEARCH SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr J Bowers
Mrs J Green
Mr B Mackin
Mr C McFeely



SECRETARY: Mrs J Green



REGISTERED OFFICE: 45 Donegall Street
Belfast
Antrim
BT1 2FG



REGISTERED NUMBER: NI024807 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Arthur House
41 Arthur Street
BELFAST
BT1 4GB



BANKERS: Ulster Bank Limited
161-163 Upper Lisburn Road
Finaghy
Belfast
Antrim
BT10 0LJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COMMUNITY TRAINING AND RESEARCH SERVICES
LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






McAleer Jackson Ltd
Chartered Accountants
Arthur House
41 Arthur Street
BELFAST
BT1 4GB


10 July 2025

COMMUNITY TRAINING AND RESEARCH SERVICES
LTD (REGISTERED NUMBER: NI024807)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 2,201
Investment property 6 659,521 659,521
659,521 661,722

CURRENT ASSETS
Debtors 7 181,983 205,282
Cash at bank 8,563 28,411
190,546 233,693
CREDITORS
Amounts falling due within one year 8 383,743 431,016
NET CURRENT LIABILITIES (193,197 ) (197,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,324

464,399

CREDITORS
Amounts falling due after more than one
year

9

150,226

170,831
NET ASSETS 316,098 293,568

RESERVES
Other reserves 250,000 250,000
Income and expenditure account 66,098 43,568
316,098 293,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each 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.

COMMUNITY TRAINING AND RESEARCH SERVICES
LTD (REGISTERED NUMBER: NI024807)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:




Mr J Bowers - Director



Mr B Mackin - Director


COMMUNITY TRAINING AND RESEARCH SERVICES
LTD (REGISTERED NUMBER: NI024807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Community Training and Research Services Ltd is a private company, limited by guarantee , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in pound sterling which is the functional currency of the Company.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licence are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life less residual value.

Freehold property - 2% straight line
Plant & machinery - 20% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit. No depreciation is provided.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

COMMUNITY TRAINING AND RESEARCH SERVICES
LTD (REGISTERED NUMBER: NI024807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a minimum of 12 months from the date of signing the accounts. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 58,195
AMORTISATION
At 1 January 2024
and 31 December 2024 58,195
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant &
machinery
£   
COST
At 1 January 2024
and 31 December 2024 89,569
DEPRECIATION
At 1 January 2024 87,368
Charge for year 2,201
At 31 December 2024 89,569
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 2,201

COMMUNITY TRAINING AND RESEARCH SERVICES
LTD (REGISTERED NUMBER: NI024807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 659,521
NET BOOK VALUE
At 31 December 2024 659,521
At 31 December 2023 659,521

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 57,515
Cost 602,006
659,521

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 602,006 602,006

Investment property was valued by the directors at 31 December 2017.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 23,299
Other debtors 181,983 181,983
181,983 205,282

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,820 17,002
Trade creditors - 278
Other creditors 367,923 413,736
383,743 431,016

COMMUNITY TRAINING AND RESEARCH SERVICES
LTD (REGISTERED NUMBER: NI024807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 134,026 150,831
Other creditors 16,200 20,000
150,226 170,831

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 149,846 167,833

The bank loans are secured against assets of the company.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the Northern Ireland Trade Union Educational and Social Centre Limited by virtue of it being the sole member of the company.

13. RECLASSIFICATION OF PRIOR YEAR PRESENTATION

Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.