Company Registration No. NI646239 (Northern Ireland)
Kilmore Country House Ltd
Unaudited accounts
for the year ended 31 December 2021
Kilmore Country House Ltd
Unaudited accounts
Contents
Kilmore Country House Ltd
Company Information
for the year ended 31 December 2021
Directors
Christina McQuillan
Nicola Nicholson
Company Number
NI646239 (Northern Ireland)
Registered Office
Kilmore House
10 Glassmullen road
Glenariffe
BT44 0QZ
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
Kilmore Country House Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
229,021
208,741
Cash at bank and in hand
49,230
15,487
Creditors: amounts falling due within one year
(219,580)
(252,771)
Net current liabilities
(140,115)
(230,432)
Total assets less current liabilities
89,542
(20,984)
Creditors: amounts falling due after more than one year
(34,657)
(50,000)
Net assets/(liabilities)
54,885
(70,984)
Called up share capital
2
2
Profit and loss account
54,883
(70,986)
Shareholders' funds
54,885
(70,984)
For the year ending 31 December 2021 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 28 September 2022 and were signed on its behalf by
Nicola Nicholson
Director
Company Registration No. NI646239
Kilmore Country House Ltd
Notes to the Accounts
for the year ended 31 December 2021
Kilmore Country House Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI646239. The registered office is Kilmore House, 10 Glassmullen road, Glenariffe, BT44 0QZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
10% Straight line
Fixtures & fittings
25% Reducing balance
Computer equipment
15% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Kilmore Country House Ltd
Notes to the Accounts
for the year ended 31 December 2021
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
219,551
19,589
-
239,140
Additions
-
49,107
4,969
54,076
At 31 December 2021
219,551
68,696
4,969
293,216
At 1 January 2021
21,955
8,444
-
30,399
Charge for the year
21,955
11,435
406
33,796
At 31 December 2021
43,910
19,879
406
64,195
At 31 December 2021
175,641
48,817
4,563
229,021
At 31 December 2020
197,596
11,145
-
208,741
6
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
Kilmore Country House Ltd
Notes to the Accounts
for the year ended 31 December 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,644
-
Trade creditors
3,778
8,807
Taxes and social security
28,077
2,063
Other creditors
2,949
31,085
Loans from directors
26,312
36,227
Deferred income
140,916
172,735
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 29 (2020: 18).
