Registration number: NI072204

CAMLOUGH COMMUNITY ASSOCIATION LIMITED

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

CAMLOUGH COMMUNITY ASSOCIATION LIMITED

Company Information

Directors

Ms Bernadette Loughran Declan Murphy Mr Declan Mc Donald

Company secretary

Ms Bernadette Loughran

Registered office

C/0 Sp McKeown & Co 5 Lower Catherine Street Newry BT35 6BE

Accountants

SP McKeown & Co Ltd Chartered Certified Accountants, Registered Auditors & Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

CAMLOUGH COMMUNITY ASSOCIATION LIMITED

(Registration number: NI072204)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,958	1,984
Current assets
Debtors	5	902	918
Cash at bank and in hand		7,166	1,784
		8,068	2,702
Creditors: Amounts falling due within one year	6	(340)	(327)
Net current assets		7,728	2,375
Total assets less current liabilities		10,686	4,359
Creditors: Amounts falling due after more than one year	6	(9,907)	(9,907)
Net assets/(liabilities)		779	(5,548)
Capital and reserves
Retained earnings		779	(5,548)
Shareholders' funds/(deficit)		779	(5,548)

For the financial year ending 31 March 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.

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 10 December 2025 and signed on its behalf by:
 

......................................... Ms Bernadette Loughran Company secretary and director

......................................... Declan Murphy Director

......................................... Mr Declan Mc Donald Director

CAMLOUGH COMMUNITY ASSOCIATION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
C/0 Sp McKeown & Co
5 Lower Catherine Street
Newry
BT35 6BE

These financial statements were authorised for issue by the Board on 10 December 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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
Plant & machinery	25% Reducing Balance Basis

CAMLOUGH COMMUNITY ASSOCIATION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

CAMLOUGH COMMUNITY ASSOCIATION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	18,593	18,593
Additions	1,960	1,960
At 31 March 2025	20,553	20,553
Depreciation
At 1 April 2024	16,609	16,609
Charge for the year	986	986
At 31 March 2025	17,595	17,595
Carrying amount
At 31 March 2025	2,958	2,958
At 31 March 2024	1,984	1,984

5

Debtors

Current	2025 £	2024 £
Prepayments	902	918
	902	918

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	340	320
Other creditors	-	7
	340	327

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	9,907	9,907

CAMLOUGH COMMUNITY ASSOCIATION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	9,907	9,907