Ulster Journals Holdings Ltd - Accounts to registrar (filleted) - small 18.2

Ulster Journals Holdings Ltd - Accounts to registrar (filleted) - small 18.2

ULSTER JOURNALS HOLDINGS LTD - Company Information

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IRIS Accounts Production v18.3.1.65 NI638637 C J Sherry Board of Directors R G Sherry Board of Directors J P Sherry Board of Directors 1.10.17 30.9.18 30.9.18 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI6386372017-09-30NI6386372018-09-30NI6386372017-10-012018-09-30NI6386372016-05-22NI6386372016-05-232017-09-30NI6386372017-09-30NI638637ns15:NorthernIreland2017-10-012018-09-30NI638637ns14:PoundSterling2017-10-012018-09-30NI638637ns10:Director12017-10-012018-09-30NI638637ns10:Director22017-10-012018-09-30NI638637ns10:Director32017-10-012018-09-30NI638637ns10:PrivateLimitedCompanyLtd2017-10-012018-09-30NI638637ns10:SmallEntities2017-10-012018-09-30NI638637ns10:AuditExemptWithAccountantsReport2017-10-012018-09-30NI638637ns10:SmallCompaniesRegimeForDirectorsReport2017-10-012018-09-30NI638637ns10:SmallCompaniesRegimeForAccounts2017-10-012018-09-30NI638637ns10:FullAccounts2017-10-012018-09-30NI638637ns10:OrdinaryShareClass12017-10-012018-09-30NI638637ns10:Director42017-10-012018-09-30NI638637ns10:RegisteredOffice2017-10-012018-09-30NI638637ns5:CurrentFinancialInstruments2018-09-30NI638637ns5:CurrentFinancialInstruments2017-09-30NI638637ns5:ShareCapital2018-09-30NI638637ns5:ShareCapital2017-09-30NI638637ns5:RetainedEarningsAccumulatedLosses2018-09-30NI638637ns5:RetainedEarningsAccumulatedLosses2017-09-30NI638637ns5:CostValuation2017-09-30NI638637ns10:OrdinaryShareClass12018-09-30


REGISTERED NUMBER: NI638637 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 September 2018

for

Ulster Journals Holdings Ltd
Ulster Journals Holdings Ltd (Registered number: NI638637)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


Ulster Journals Holdings Ltd

Company Information
for the Year Ended 30 September 2018







DIRECTORS: C J Sherry
J P Sherry
R McGowan-Smyth
R G Sherry





REGISTERED OFFICE: 39 Boucher Road
Belfast
BT12 6UT





REGISTERED NUMBER: NI638637 (Northern Ireland)





ACCOUNTANTS: Lynn Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ulster Journals Holdings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Directors are not required to be filed with the
Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 September 2018 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our
engagement. Our work has been undertaken so that we might compile the financial statements that we have
been engaged to compile, report to the company's Board of Directors that we have done so, and state those
matters that we have agreed to state to them 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 the company and the
company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered
Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to
members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 September 2018 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






Lynn Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE


8 February 2019

This page does not form part of the statutory financial statements

Page 2
Ulster Journals Holdings Ltd (Registered number: NI638637)

Balance Sheet
30 September 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Investments 5 45,750 45,750
Investment property 6 600,000 600,000
645,750 645,750

CURRENT ASSETS
Debtors 7 26,083 51,833
Investments 8 50,000 -
Cash at bank 135,279 328,439
211,362 380,272
CREDITORS
Amounts falling due within one year 9 3,489 615
NET CURRENT ASSETS 207,873 379,657
TOTAL ASSETS LESS CURRENT
LIABILITIES
853,623
1,025,407

PROVISIONS FOR LIABILITIES 73,018 73,018
NET ASSETS 780,605 952,389

CAPITAL AND RESERVES
Called up share capital 10 45,750 45,750
Retained earnings 734,855 906,639
SHAREHOLDERS' FUNDS 780,605 952,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each 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.

The notes form part of these financial statements

Page 3 continued...
Ulster Journals Holdings Ltd (Registered number: NI638637)

Balance Sheet - continued
30 September 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8 February 2019 and were signed on its
behalf by:




C J Sherry - Director R G Sherry - Director




J P Sherry - Director


The notes form part of these financial statements

Page 4
Ulster Journals Holdings Ltd (Registered number: NI638637)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

Ulster Journals Holdings Ltd is a private company, limited by shares , registered in Northern Ireland.
The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Ulster Journals Holdings Ltd as an individual
company and do not contain consolidated financial information as the parent of a group. The company
is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare
consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss
account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


Page 5 continued...
Ulster Journals Holdings Ltd (Registered number: NI638637)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2017
and 30 September 2018 45,750
NET BOOK VALUE
At 30 September 2018 45,750
At 30 September 2017 45,750

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2017
and 30 September 2018 600,000
NET BOOK VALUE
At 30 September 2018 600,000
At 30 September 2017 600,000

Page 6 continued...
Ulster Journals Holdings Ltd (Registered number: NI638637)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

6. INVESTMENT PROPERTY - continued

Fair value at 30 September 2018 is represented by:

£   
Valuation in 2017 599,999
Cost 1
600,000

If investment property had not been revalued it would have been included at the following historical
cost:

30.9.18 30.9.17
£    £   
Cost 1 1

Investment property was valued on an open market basis on 21 November 2014 by McKibbin Commercial
.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Amounts owed by group undertakings 26,083 51,833

8. CURRENT ASSET INVESTMENTS
30.9.18 30.9.17
£    £   
Other 50,000 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Tax 3,489 615

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.18 30.9.17
value: £    £   
45,750 Ordinary £1 45,750 45,750

Page 7