Old Market Square Management Company Lim - Accounts to registrar (filleted)

REGISTERED NUMBER: NI069129 (Northern Ireland)

Financial Statements

for the Year Ended 30 April 2025

for

Old Market Square Management Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Steve McGuinness

Mr Chris Beattie

Mr Brian Lilley

Mr John McErlane

SECRETARY:

Mrs Ashley Ritchie

REGISTERED OFFICE:

C/o McGuinness Fleck Ltd

7 Pattons Lane

Holywood

Co. Down

BT18 9FX

REGISTERED NUMBER:

NI069129 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

BANKERS:

Ulster Bank

PO Box 2

22 Frances Street

Newtownards

Co. Down

BT23 7DP

CURRENT ASSETS

Debtors

4

1,853

11,164

Cash at bank

7,054

3,566

8,907

14,730

CREDITORS

Amounts falling due within one year

5

8,861

13,463

NET CURRENT ASSETS

46

1,267

TOTAL ASSETS LESS CURRENT
LIABILITIES

46

1,267

CREDITORS

Amounts falling due after more than one
year

6

-

1,221

NET ASSETS

46

CAPITAL AND RESERVES

Called up share capital

46

SHAREHOLDERS' FUNDS

46

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 profit or loss 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.

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 18 August 2025 and were signed on its behalf by:

Mr Steve McGuinness - Director

1.	STATUTORY INFORMATION

Old Market Square Management Company Limited is a private company, limited by shares , 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.

Turnover

The turnover shown in the income and expenditure account represents service charges in the year adjusted for any deficit or surplus.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

Service charge debtors

1,853

3,523

Reserve deficit

-

7,641

1,853

11,164

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

Bank loans and overdrafts

1,332

Service charge creditors

111

1,199

Reserve fund

6,364

-

Accruals and deferred income

1,054

10,932

8,861

13,463

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/25

30/4/24

£

Bank loans - 1-2 years

-

1,221

7.	RELATED PARTY TRANSACTIONS

The company was under the control of the various company shareholders throughout the current and previous year. The shareholders own property in Old Market Square Management Company Limited.

As at 30th April 2025, the reserve fund of £6,364 (2024 reserve deficit of £7,641) which is included within note 5 of the financial statements, represents the surplus of service charges to date.

No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.