Parkmore Management Ballymena Limited - Period Ending 2016-09-30

Registration number: NI056602

Parkmore Management Ballymena Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

DT Carson & Co.
Chartered Accountants
51 - 53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ

Parkmore Management Ballymena Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Parkmore Management Ballymena Limited
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Parkmore Management Ballymena Limited for the year ended 30 September 2016 set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in Ireland (ICAI), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Parkmore Management Ballymena 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 accounts of Parkmore Management Ballymena Limited and state those matters that we have agreed to state to them, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parkmore Management Ballymena Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Parkmore Management Ballymena Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Parkmore Management Ballymena Limited. You consider that Parkmore Management Ballymena 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 accounts of Parkmore Management Ballymena 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 accounts.

......................................

DT Carson & Co.
Chartered Accountants
51 - 53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ

12 April 2017

Page 1

Parkmore Management Ballymena Limited
(Registration number: NI056602)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,305			1,410
Current assets
Debtors					611			497
Cash at bank and in hand					21,535			18,480
					22,146			18,977
Creditors: Amounts falling due within one year					(983)			(268)
Net current assets					21,163			18,709
Net assets					22,468			20,119
Capital and reserves
Called up share capital		3			26			26
Profit and loss account					22,442			20,093
Shareholders' funds					22,468			20,119

For the year ending 30 September 2016 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 and authorised for issue by the Board on 12 April 2017 and signed on its behalf by:

.........................................
Mr Stephen Anderson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Parkmore Management Ballymena Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover relates to the yearly service charge due by the householders of Parkmore Heights, Ballymena.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	20% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Parkmore Management Ballymena Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		3,528			3,528
Additions		751			751
At 30 September 2016		4,279			4,279
Depreciation
At 1 October 2015		2,118			2,118
Charge for the year		856			856
At 30 September 2016		2,974			2,974
Net book value
At 30 September 2016		1,305			1,305
At 30 September 2015		1,410			1,410

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		26			26			26			26

4

Control

The company is not under the control of any one party .

Page 4