Parkmore Management Ballymena Limited - Period Ending 2019-09-30

Registration number: NI056602

Parkmore Management Ballymena Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2019

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 Unaudited Financial Statements	2 to 3

Parkmore Management Ballymena Limited

(Registration number: NI056602)
Balance Sheet as at 30 September 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	5,425	7,387
Current assets
Debtors	4	4,476	1,726
Cash at bank and in hand		18,825	16,694
		23,301	18,420
Creditors: Amounts falling due within one year	5	-	(5)
Net current assets		23,301	18,415
Net assets		28,726	25,802
Capital and reserves
Called up share capital		26	26
Profit and loss account		28,700	25,776
Total equity		28,726	25,802

For the financial year ending 30 September 2019 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 14 May 2020 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 Unaudited Financial Statements for the Year Ended 30 September 2019

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 14 May 2020.

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 Unaudited Financial Statements for the Year Ended 30 September 2019

3	Tangible assets

	Equipment  £	Total £
Cost or valuation
At 1 October 2018	9,810	9,810
At 30 September 2019	9,810	9,810
Depreciation
At 1 October 2018	2,423	2,423
Charge for the year	1,962	1,962
At 30 September 2019	4,385	4,385
Carrying amount
At 30 September 2019	5,425	5,425
At 30 September 2018	7,387	7,387

4

Debtors

	2019 £	2018 £
Trade debtors	1,860	1,700
Prepayments	2,590	-
Other debtors	26	26
	4,476	1,726

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Accruals and deferred income	-	5

Page 3