Bannside 2000 Limited iXBRL

Company Number: NI038517

Bannside 2000 Limited

(A company limited by guarantee, not having a share capital)

Unaudited Financial Statements

for the year ended 31 March 2017

Bannside 2000 Limited

(A company limited by guarantee, not having a share capital)

DIRECTORS AND OTHER INFORMATION

Directors	A.M. Fox
	B. Irwin
	R. McDonagh
	Fr M. Kavanagh
	D. Ferguson
	M. McGurgan
	J.A. Morgan
	Sr M. Turley
Company Secretary	Sr Mary Turley
Company Number	NI038517
Registered Office	103 Thomas Street
	Portadown
	Co. Armagh
	BT62 3AH
	Northern Ireland
Business Address	28-29 Obins Avenue
	Portadown
	Co. Armagh
	BT62 1DF
	Northern Ireland
Accountants	MG accountants
	(Portadown)
	25-27 Carleton Street
	Portadown
	Co. Armagh
	BT62 3EP
	Nothern Ireland
Solicitors	R.M. Cullen & Sons
	16-20 Church Street
	Portadown
	Co Armagh
	BT62 3NA

Bannside 2000 Limited

(A company limited by guarantee, not having a share capital)

Company Number: NI038517

BALANCE SHEET

as at 31 March 2017

			2017		2016
		Notes	£		£
Fixed Assets

Investments		3	1		1
			─────────		─────────
Creditors: Amounts falling due within one year		4	(2,163)		(1,990)
			─────────		─────────
Net Current Liabilities			(2,163)		(1,990)
			─────────		─────────
Total Assets less Current Liabilities			(2,162)		(1,989)
			═════════		═════════
Reserves

Profit and Loss Account			(2,162)		(1,989)
			─────────		─────────
Members' Deficit			(2,162)		(1,989)
			═════════		═════════
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that 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 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 13 December 2017 and signed on its behalf by

A.M. Fox
Director
B. Irwin

Director

Bannside 2000 Limited

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2017

1.	GENERAL INFORMATION
	Bannside 2000 Limited is a company limited by guarantee incorporated in Northern Ireland.

2.	ACCOUNTING POLICIES
	The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
	Statement of compliance
	The financial statements of the company for the year ended 31 March 2017 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
	Basis of preparation
	The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
	Cash flow statement
	The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
	Investments
	Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
	Trade and other creditors
	Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
	Taxation
	Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

3.	INVESTMENTS
		Other	Total
		investments
	Investments	£	£
	Cost
	At 31 March 2017	1	1
		─────────	─────────
	Net book value
	At 31 March 2017	1	1
		═════════	═════════
	At 31 March 2016	1	1
		═════════	═════════

	On 11 February 2002 the company acquired the entire issued share capital in Bannside Development Agency Ltd in return for membership interests in the company.  To record this in the Balance Sheet, the directors have allocated the transaction a nominal cost of £1.

4.	CREDITORS	2017	2016
	Amounts falling due within one year	£	£
	Amounts owed to group companies	1,621	1,458
	Accruals	542	532
		─────────	─────────
		2,163	1,990
		═════════	═════════

5.	RELATED PARTY TRANSACTIONS
	Transactions with subsidiary company include the payment of accountancy and Annual Return fees on behalf of subsidiary.