1 September 2024 false No description of principal activity Taxfiler 2024.6 NI032842business:PrivateLimitedCompanyLtd2024-09-012025-08-31 NI0328422024-08-31 NI0328422024-09-012025-08-31 NI032842business:AuditExempt-NoAccountantsReport2024-09-012025-08-31 NI032842business:FilletedAccounts2024-09-012025-08-31 NI0328422025-08-31 NI0328422024-08-31 NI032842core:WithinOneYear2025-08-31 NI032842core:WithinOneYear2024-08-31 NI032842core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-08-31 NI032842core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 NI032842core:PreviouslyStatedAmount2025-08-31 NI032842core:PreviouslyStatedAmount2024-08-31 NI032842business:SmallEntities2024-09-012025-08-31 NI032842business:Director22024-09-012025-08-31 NI032842countries:NorthernIreland2024-09-012025-08-31 NI032842core:LandBuildings2024-08-31 NI032842core:FurnitureFittings2024-08-31 NI032842core:LandBuildings2025-08-31 NI032842core:FurnitureFittings2025-08-31 NI0328422023-09-012024-08-31 iso4217:GBP xbrli:pure
Spamount & District Cross-community Association Statement of financial position as at 31 August 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
270,960 
270,960 
Current assets
Cash at bank and in hand
4,662 
5,008 
Creditors: amounts falling due within one year
5
(700)
(700)
Net current assets
3,962 
4,308 
Net assets
274,922 
275,268 
Capital and reserves
Profit and loss account
274,922 
275,268 
Shareholders' funds
274,922 
275,268 
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 May 0202 and were signed on its behalf by
Jennifer Mc Menamin Director Company Registration No. NI032842
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Spamount & District Cross-community Association Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Spamount & District Cross-community Association is a private company, limited by shares, registered in Northern Ireland, registration number NI032842.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
Basis of Preparation and Going Concern The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)) and the Companies Act 2006. The charitable company has been inactive throughout the financial year ended 31 August 2025. The charity’s operational activities were paused, and expenditure was strictly restricted to essential property maintenance, specifically essential heating costs required to protect the charity's building from fabric damage during cold spells. Subsequent to the year-end, the directors and trustees have entered into discussions with Derry City and Strabane District Council to review the future of the charity, explore strategic partnerships, and consider all viable long-term options for the asset and the organization. At the date of approval of these financial statements, no definitive or formal decision has been made regarding the cessation of the charity or the disposal of the property. Accordingly, the trustees continue to adopt the going concern basis in preparing the financial statements. However, the prolonged lack of charitable activity, combined with the ongoing strategic review regarding the entity's future viability, indicates the existence of a material uncertainty that may cast significant doubt on the charitable company’s ability to continue as a going concern in the longer term. The financial statements do not include any adjustments that would result should the charity be unable to continue as a going concern.
Presentation currency
The accounts are presented in £ sterling.
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Spamount & District Cross-community Association Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2024
395,272 
16,230 
411,502 
At 31 August 2025
395,272 
16,230 
411,502 
Depreciation
At 1 September 2024
126,635 
13,907 
140,542 
At 31 August 2025
126,635 
13,907 
140,542 
Net book value
At 31 August 2025
268,637 
2,323 
270,960 
At 31 August 2024
268,637 
2,323 
270,960 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
700 
700 
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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