Banbridge Community Regeneration Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI040607 (Northern Ireland)

Banbridge Community Regeneration Limited

Financial Statements

for the Year Ended 30 April 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J F Dobson

M P Donaghy

J R P Gordon

M Young

P Lennon

SECRETARY:

J A Quail

REGISTERED OFFICE:

Armagh, Banbridge & Craigavon Borough Co

Downshire Road

Banbridge

Co. Down

BT32 3JY

REGISTERED NUMBER:

NI040607 (Northern Ireland)

AUDITORS:

S.M Vint & Company

Chartered Certified Accountants

Registered Auditors

8 Newry Road

Banbridge

Co. Down

BT32 3HN

CURRENT ASSETS

Debtors

4

594

1,172

Cash at bank

2,045

1,467

2,639

2,639

CREDITORS

Amounts falling due within one year

5

1,140

1,140

NET CURRENT ASSETS

1,499

1,499

TOTAL ASSETS LESS CURRENT LIABILITIES

1,499

1,499

RESERVES

Income and expenditure account

1,499

1,499

1,499

1,499

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2021 and were signed on its behalf by:

J F Dobson - Director

1.	STATUTORY INFORMATION

Banbridge Community Regeneration Limited is a private company, limited by guarantee , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

594

1,172

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other creditors

1,140

1,140

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Brian Magennis (Senior Statutory Auditor)

for and on behalf of S.M Vint & Company

7.	LIMITED BY GUARANTEE

Every member of the Company undertakes to contribute to the assets of the Company in the event of it being wound up while he is a member or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member and of the costs, charges and expenses of winding-up and for the adjustment of the rights of the contributors amongst themselves, such sum as may be required not exceeding £1.