Cherrymount Properties Limited iXBRL

Company Number: NI017074

Cherrymount Properties Limited

Unaudited Financial Statements

for the year ended 28 February 2019

Cherrymount Properties Limited

DIRECTOR AND OTHER INFORMATION

Director	Mr. Sheelin McKeagney
Company Secretary	Mrs. Jackie Muldoon
Company Number	NI017074
Legal Form	Private Limited Company Ltd
Place of Registration	Northern Ireland
Registered Office	10 Edward Street
	Lurgan
	BT66 6DB
Business Address	45 Cornkinnegar Road
	Lurgan
	BT67 9JN
Accountants	Muldoon & Co
	Chartered Accountants & Reporting Accountants
	16 Mount Charles
	Belfast
	BT7 1NZ
Bankers	Danske Bank
	39 Market Street
	Lurgan
	BT66 6AB
Solicitors	Eamon McEvoy
	22 Church Place
	Lurgan
	Co. Armagh
	BT66 6EY

Cherrymount Properties Limited

CHARTERED ACCOUNTANTS & REPORTING ACCOUNTANTS' REPORT

to the Director on the unaudited financial statements of Cherrymount Properties Limited for the year ended 28 February 2019

In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 28 February 2019 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of Cherrymount Properties Limited, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cherrymount Properties Limited and state those matters that we have agreed to state to the director of Cherrymount Properties Limited, in this report in accordance with the guidance of . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cherrymount Properties Limited and its director for our work or for this report.

We have carried out this engagement in accordance with guidance issued by  and have complied with the ethical guidance laid down by  relating to members undertaking the compilation of financial statements.

It is your duty to ensure that Cherrymount Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cherrymount Properties Limited. You consider that Cherrymount Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cherrymount Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

MULDOON & CO

Chartered Accountants & Reporting Accountants

16 Mount Charles

Belfast

BT7 1NZ

29 November 2019

Cherrymount Properties Limited

INCOME STATEMENT

for the year ended 28 February 2019

	2019		2018
	£		£

Turnover	22,761		24,138
Other income	2,413		2,354
Other charges	(22,614)		(18,418)
Tax	1,031		(1,541)
	─────────		─────────
Profit	3,591		6,533
	═════════		═════════

Cherrymount Properties Limited

Company Number: NI017074

STATEMENT OF FINANCIAL POSITION
as at 28 February 2019

		2019		2018
		£		£
	Fixed Assets	425,972		425,972
		─────────		─────────
	Current assets	306,211		302,531
		─────────		─────────
	Total Assets less Current Liabilities	732,183		728,503
	Accruals and deferred income	(12,014)		(11,925)
		─────────		─────────
	Net Assets	720,169		716,578
		═════════		═════════
	Capital and Reserves	720,169		716,578
		═════════		═════════
	Notes to the financial statements

1.	GENERAL INFORMATION
	Cherrymount Properties Limited is a company limited by shares incorporated in United Kingdom. 10 Edward Street, Lurgan, BT66 6DB is the registered office, which is also the principal place of business of the company. The company registeration number is NI017074.The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

2.	EMPLOYEES
	The average monthly number of employees, including director, during the year was 1, (2018 - 1).

	For the financial year ended 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
	The director confirms that 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 of the Companies Act 2006.
	The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
	These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
	Approved by the Director on 29 November 2019 and signed by:
	________________________________
	Mr. Sheelin McKeagney
	Director

CHERRYMOUNT PROPERTIES LIMITED

SUPPLEMENTARY INFORMATION

RELATING TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

Cherrymount Properties Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the year ended 28 February 2019

	2019		2018
	£		£

Sales	22,761		24,138
	─────────		─────────
Gross profit Percentage	100.0%		100.0%
	─────────		─────────
Administrative expenses

Rates	16,768		14,319
Insurance	2,471		2,388
Accountancy	3,287		1,594
Bank charges	82		86
	─────────		─────────
	22,608		18,387
	─────────		─────────
Finance

Interest paid on overdue taxation	6		31
	─────────		─────────
Miscellaneous income

Other interest	2,413		2,354
	─────────		─────────
Net profit	2,560		8,074
	═════════		═════════