Monagh Developments Limited
Monagh Developments Limited
Registered number: NI028697
Unaudited Financial Statements
For The Year Ended
31 March 2023
Clarke&Co. Accountant's
53 Andersonstown Road
Belfast
Antrim
BT11 9AG
Monagh Developments Limited
Unaudited Financial Statements
For The Year Ended
31 March 2023
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Page 1
Monagh Developments Limited
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
NI028697
For the year ending 31 March 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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Income and Expenditure Account |
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MEMBERS' FUNDS | 554,321 | 698,808 | |||
On behalf of the board
Director
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The notes on page 2 form part of these financial statements.
Page 1
Page 2
Monagh Developments Limited
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
Monagh Developments Limited
is a private company, limited by guarantee, incorporated in Northern Ireland, registered number
NI028697
. The registered office is 26 Norglen Gardens , Belfast, BT11 8EL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold |
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Fixtures & Fittings |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2022: NIL)
4.
Tangible Assets
Land & Property | |||
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Leasehold | Fixtures & Fittings | Total | |
£ | £ | £ | |
Cost | |||
As at
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Depreciation | |||
As at
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As at
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Net Book Value | |||
As at
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As at
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5.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
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£ | £ | ||
Accruals and deferred income |
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6.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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