Abbreviated Company Accounts - BALLYWARD ESTATES LTD

BALLYWARD ESTATES LTD - Company Information

NI060861 BALLYWARD ESTATES LTD 2014-12-31 false 2014-01-01 2014-12-31 true NI060861 2014-01-01 2014-12-31 NI060861 2014-12-31 NI060861 2013-12-31 NI060861 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 NI060861 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-12-31 iso4217:GBP shares

Registered Number NI060861

BALLYWARD ESTATES LTD

Abbreviated Accounts

31 December 2014

BALLYWARD ESTATES LTD Registered Number NI060861

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	48,900	68,114
		48,900	68,114
Current assets
Stocks		3,488,062	3,065,000
Debtors		29,171	1,021
		3,517,233	3,066,021
Creditors: amounts falling due within one year		(2,589,030)	(2,071,834)
Net current assets (liabilities)		928,203	994,187
Total assets less current liabilities		977,103	1,062,301
Creditors: amounts falling due after more than one year		(452,000)	(564,000)
Provisions for liabilities		(7,205)	(7,205)
Total net assets (liabilities)		517,898	491,096
Capital and reserves
Called up share capital	3	1,000,100	1,000,100
Profit and loss account		(482,202)	(509,004)
Shareholders' funds		517,898	491,096

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
Brian McConville, Director

BALLYWARD ESTATES LTD Registered Number NI060861

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Short leasehold property - 2% Straight line
Plant and machinery - 20% Straight Line
Fixtures, fittings and equipment - 10% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

2Tangible fixed assets

	£
Cost
At 1 January 2014	184,932
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	184,932
Depreciation
At 1 January 2014	116,818
Charge for the year	19,214
On disposals	-
At 31 December 2014	136,032
Net book values
At 31 December 2014	48,900
At 31 December 2013	68,114

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100
1,000,000 Preference shares of £1 each	1,000,000	1,000,000