Home Door Properties Limited 31/03/2022 iXBRL

Home Door Properties Limited 31/03/2022 iXBRL

HOME DOOR PROPERTIES LIMITED - Company Information

Print Friendly Version

0 31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2021-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP NI049087 2021-04-01 2022-03-31 NI049087 2022-03-31 NI049087 2021-03-31 NI049087 2021-03-31 NI049087 core:PlantMachinery 2021-04-01 2022-03-31 NI049087 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 NI049087 bus:RegisteredOffice 2021-04-01 2022-03-31 NI049087 bus:LeadAgentIfApplicable 2021-04-01 2022-03-31 NI049087 bus:Director1 2021-04-01 2022-03-31 NI049087 bus:Director2 2021-04-01 2022-03-31 NI049087 bus:CompanySecretary1 2021-04-01 2022-03-31 NI049087 core:PlantMachinery 2021-03-31 NI049087 core:FurnitureFittingsToolsEquipment 2021-03-31 NI049087 core:PlantMachinery 2022-03-31 NI049087 core:FurnitureFittingsToolsEquipment 2022-03-31 NI049087 core:WithinOneYear 2022-03-31 NI049087 core:WithinOneYear 2021-03-31 NI049087 core:AfterOneYear 2022-03-31 NI049087 core:AfterOneYear 2021-03-31 NI049087 core:ShareCapital 2022-03-31 NI049087 core:ShareCapital 2021-03-31 NI049087 core:RetainedEarningsAccumulatedLosses 2022-03-31 NI049087 core:RetainedEarningsAccumulatedLosses 2021-03-31 NI049087 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 NI049087 core:Non-currentFinancialInstruments 2022-03-31 NI049087 core:Non-currentFinancialInstruments 2021-03-31 NI049087 core:PlantMachinery 2021-03-31 NI049087 core:FurnitureFittingsToolsEquipment 2021-03-31 NI049087 bus:SmallEntities 2021-04-01 2022-03-31 NI049087 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 NI049087 bus:FullAccounts 2021-04-01 2022-03-31 NI049087 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 NI049087 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Company registration number: NI049087
Home Door Properties Limited
Unaudited filleted financial statements
31 March 2022
Home Door Properties Limited
Contents
Directors and other information
Accountants' report
Balance sheet
Notes to the financial statements
Home Door Properties Limited
Directors and other information
Directors Helen O'Sullivan
Diarmuid O'Sullivan
Secretary Helen O'Sullivan
Company number NI049087
Registered office 51 Dromore Road
Irvinestown
Co.Fermanagh
BT94 1GZ
Business address 51 Dromore Road
Irvinestown
Co.Fermanagh
BT94 1GZ
Accountants Jones Peters
6 Church Street
Banbridge
BT32 4AA
Bankers Ulster Bank
11 Main Street
Irvinestown
Enniskillen
BT94 1GJ
Solicitors D.G. McCormick & Co
149 Andersonstown Road
Belfast
BT11 9BW
Home Door Properties Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Home Door Properties Limited
Year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Home Door Properties Limited for the year ended 31 March 2022 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Home Door Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Home Door Properties Limited and state those matters that we have agreed to state to the board of directors of Home Door Properties Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Home Door Properties Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Home Door 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 Home Door Properties Limited. You consider that Home Door 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 Home Door 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.
Jones Peters
Chartered Accountants
6 Church Street
Banbridge
BT32 4AA
13 December 2022
Home Door Properties Limited
Balance sheet
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 4 11,805 18,053
Investments 5 100 100
_______ _______
11,905 18,153
Current assets
Debtors 6 613,397 513,466
Cash at bank and in hand 164,264 11,349
_______ _______
777,661 524,815
Creditors: amounts falling due
within one year 7 ( 566,608) ( 473,101)
_______ _______
Net current assets 211,053 51,714
_______ _______
Total assets less current liabilities 222,958 69,867
Creditors: amounts falling due
after more than one year 8 ( 8,449) ( 11,444)
_______ _______
Net assets 214,509 58,423
_______ _______
Capital and reserves
Called up share capital 4 4
Profit and loss account 214,505 58,419
_______ _______
Shareholders funds 214,509 58,423
_______ _______
For the year ending 31 March 2022 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 December 2022 , and are signed on behalf of the board by:
Diarmuid O'Sullivan
Director
Company registration number: NI049087
Home Door Properties Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 51 Dromore Road, Irvinestown, Co.Fermanagh, BT94 1GZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.The financial statements are prepared in sterling, which is the functional currency of the entity.The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue in operational existence for the forseeable future. The validity of the going concern assumption is dependent on continuing support from the directors. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the inability of the company to continue in operational existence.
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2021 18,983 6,189 25,172
Additions - 1,475 1,475
Disposals - ( 2,480) ( 2,480)
_______ _______ _______
At 31 March 2022 18,983 5,184 24,167
_______ _______ _______
Depreciation
At 1 April 2021 4,746 2,373 7,119
Charge for the year 4,745 994 5,739
Disposals - ( 496) ( 496)
_______ _______ _______
At 31 March 2022 9,491 2,871 12,362
_______ _______ _______
Carrying amount
At 31 March 2022 9,492 2,313 11,805
_______ _______ _______
At 31 March 2021 14,237 3,816 18,053
_______ _______ _______
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2021 and 31 March 2022 100 100
_______ _______
Impairment
At 1 April 2021 and 31 March 2022 - -
_______ _______
Carrying amount
At 31 March 2022 100 100
_______ _______
At 31 March 2021 100 100
_______ _______
6. Debtors
2022 2021
£ £
Trade debtors 115,441 -
Amounts owed by group undertakings 485,861 501,870
Other debtors 12,095 11,596
_______ _______
613,397 513,466
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 3,824 9,772
Amounts owed to group undertakings - 5,000
Corporation tax 33,655 32,932
Social security and other taxes 2,077 4,531
Other creditors 527,052 420,866
_______ _______
566,608 473,101
_______ _______
8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Other creditors 8,449 11,444
_______ _______
9. Controlling party
The company is controlled by the directors.