Registration number: NI627176

Ballymena Investment Centre Limited

(Registration number: NI627176)
Balance Sheet as at 5 April 2025

	Note	05 April 2025 £	05 April 2024 £
Fixed assets
Intangible assets	4	-	-
Tangible assets	5	790	1,004
		790	1,004
Current assets
Debtors	6	7,817	7,750
Cash at bank and in hand		14,575	19,866
		22,392	27,616
Creditors: Amounts falling due within one year	7	(15,127)	(17,686)
Net current assets		7,265	9,930
Total assets less current liabilities		8,055	10,934
Provisions for liabilities		(198)	(251)
Net assets		7,857	10,683
Capital and reserves
Called up share capital	8	100	100
Retained earnings		7,757	10,583
Shareholders' funds		7,857	10,683

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Ballymena Investment Centre Limited

(Registration number: NI627176)
Balance Sheet as at 5 April 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

......................................... Mr Denver Thompson Director

......................................... Mrs Julie Ann Thompson Director

Ballymena Investment Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 7 Old Park Hall, Ballymena, Co. Antrim, BT42 1FU.

These financial statements were authorised for issue by the Board on 27 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Revenue recognition

Turnover represents commissions receivable from an intermediary for the provision of financial advice.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Ballymena Investment Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

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
Office equipment	25% straight line

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill on incorporation	20% straight line

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Ballymena Investment Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 6 April 2024	200,000	200,000
At 5 April 2025	200,000	200,000
Amortisation
At 6 April 2024	200,000	200,000
At 5 April 2025	200,000	200,000
Carrying amount
At 5 April 2025	-	-

Ballymena Investment Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

5	Tangible assets

	Office Equipment  £	Total £
Cost or valuation
At 6 April 2024	5,312	5,312
Additions	414	414
Disposals	(1,188)	(1,188)
At 5 April 2025	4,538	4,538
Depreciation
At 6 April 2024	4,308	4,308
Charge for the year	472	472
Eliminated on disposal	(1,032)	(1,032)
At 5 April 2025	3,748	3,748
Carrying amount
At 5 April 2025	790	790
At 5 April 2024	1,004	1,004

6

Debtors

Current	05 April 2025 £	05 April 2024 £
Prepayments	67	-
Other debtors	7,750	7,750
	7,817	7,750

Ballymena Investment Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

7

Creditors

Creditors: amounts falling due within one year

	05 April 2025 £	05 April 2024 £
Due within one year
Accruals and deferred income	2,891	2,520
Directors' current account	1,426	1,192
Other creditors	10,810	13,974
	15,127	17,686