Parkmore Management Ballymena Limited - Period Ending 2018-09-30

Registration number: NI056602

Parkmore Management Ballymena Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2018

D T Carson & Co
Chartered Accountants
51-53 Thomas Street
Ballymena
Co Antrim
BT43 6AZ

Parkmore Management Ballymena Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Parkmore Management Ballymena Limited

(Registration number: NI056602)
Balance Sheet as at 30 September 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	3	7,387	1,091
Current assets
Debtors	4	1,726	1,466
Cash at bank and in hand		16,694	22,638
		18,420	24,104
Creditors: Amounts falling due within one year	5	(5)	(361)
Net current assets		18,415	23,743
Net assets		25,802	24,834
Capital and reserves
Called up share capital		26	26
Profit and loss account		25,776	24,808
Total equity		25,802	24,834

For the financial year ending 30 September 2018 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 May 2019 and signed on its behalf by:
 

.........................................

Mr Stephen Anderson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Parkmore Management Ballymena Limited

Notes to the Financial Statements for the Year Ended 30 September 2018

1	General information

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

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ

These financial statements were authorised for issue by the Board on 24 May 2019.

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 statement of financial position 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
Equipment	20% straight line

Page 2

Parkmore Management Ballymena Limited

Notes to the Financial Statements for the Year Ended 30 September 2018

3	Tangible assets

	Equipment  £	Total £
Cost or valuation
At 1 October 2017	5,081	5,081
Additions	8,258	8,258
Disposals	(3,529)	(3,529)
At 30 September 2018	9,810	9,810
Depreciation
At 1 October 2017	3,990	3,990
Charge for the year	1,963	1,963
Eliminated on disposal	(3,530)	(3,530)
At 30 September 2018	2,423	2,423
Carrying amount
At 30 September 2018	7,387	7,387
At 30 September 2017	1,091	1,091

4

Debtors

	2018 £	2017 £
Trade debtors	1,700	1,440
Other debtors	26	26
	1,726	1,466

5

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Accruals and deferred income	5	361

Page 3