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Company Registration No. NI633645 (Northern Ireland)
Ballyclare Developments Limited Unaudited accounts for the year ended 30 September 2025
Ballyclare Developments Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Investments
5
-
100
Current assets
Inventories
331,788
5,747,590
Debtors
6
150,000
150,905
Cash at bank and in hand
23,765
3
505,553
5,898,498
Creditors: amounts falling due within one year
7
(380,978)
(5,737,545)
Net current assets
124,575
160,953
Net assets
124,575
161,053
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
124,475
160,953
Shareholders' funds
124,575
161,053
For the year ending 30 September 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 10 February 2026 and were signed on its behalf by
Mr Creighton Boyd Director Company Registration No. NI633645
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Ballyclare Developments Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Ballyclare Developments Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI633645. The registered office is 13 Main Street, Hillsborough, Down, BT26 6AE, Northern Ireland.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention unless otherwise stated within these accounting policies and in accordance with FRS 102 Section 1A.
Going concern
The directors believe that Ballyclare Developments Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Ballyclare Developments Limited continues to adopt the going concern basis in preparation of its financial statements.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight-Line
Fixtures & fittings
10% Straight-Line
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
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Ballyclare Developments Limited Notes to the Accounts for the year ended 30 September 2025
Inventories
Inventories in respect of development property have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Investments
Fixed asset investments are included at cost less accumulated impairment.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 October 2024
141,305
At 30 September 2025
141,305
Depreciation
At 1 October 2024
141,305
At 30 September 2025
141,305
Net book value
At 30 September 2025
-
5
Investments
Other investments
£
Valuation at 1 October 2024
100
Fair value adjustments
(100)
Valuation at 30 September 2025
-
Fixed asset investments include equity share holdings in the following entities: Readers Park Development Ltd, 100% Six Mile Water Developments Ltd, 100%
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
150,000
150,000
Amounts due from group undertakings etc.
-
905
150,000
150,905
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Ballyclare Developments Limited Notes to the Accounts for the year ended 30 September 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
1,034,146
Trade creditors
90,344
151,531
Amounts owed to group undertakings and other participating interests
27,084
4,333,644
Taxes and social security
262,890
210,564
Accruals
660
7,660
380,978
5,737,545
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included in debtors is an amounts due from a connected company of £0 (2024: £905). Included in creditors are amounts due to connected companies of £27,084 (2024: £4,333,644).
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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