Ballymount Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI621597

BALLYMOUNT LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

BALLYMOUNT LTD

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	€	€	€

Fixed assets

Tangible assets	5		460,040	460,040

Current assets

Debtors	6	7,387	7,267
Cash at bank and in hand		11,681	17,547
		--------	--------
		19,068	24,814

Creditors: amounts falling due within one year	7	476,276		480,221
		---------		---------
Net current liabilities			457,208	455,407
			---------	---------
Total assets less current liabilities			2,832	4,633
			-------	-------
Net assets			2,832	4,633
			-------	-------

Capital and reserves

Called up share capital	8	124	124
Profit and loss account		2,708	4,509
		-------	-------
Shareholders funds		2,832	4,633
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BALLYMOUNT LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mrs V J Duffy
Director

Company registration number: NI621597

BALLYMOUNT LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is FEB Chartered Accountants, Linenhall Exchange, First Floor, 26 Linenhall Street, Belfast, BT2 8BG, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Land and buildings
	€
Cost
At 1 January 2024 and 31 December 2024	460,040
	---------
Depreciation
At 1 January 2024 and 31 December 2024	–
	---------
Carrying amount
At 31 December 2024	460,040
	---------
At 31 December 2023	460,040
	---------

6. Debtors

	2024	2023
	€	€
Other debtors	7,387	7,267
	-------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	€	€
Trade creditors	714	1,009
Social security and other taxes	2	2,926
Other creditors	475,560	476,286
	---------	---------
	476,276	480,221
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	€	No.	€
Ordinary shares of € 1.2358 each	100	124	100	124
	----	----	----	----

9. Related party transactions

The company was under the control of Ms V J Duffy throughout the current and previous years. Ms Duffy is the managing director and majority shareholder.