Ballyhampton Limited Filleted accounts for Companies House (small and micro)
Ballyhampton Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI063627
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Statement of Financial Position |
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2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
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Tangible assets |
4 |
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Current assets
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Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Net assets |
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Capital and reserves
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Called up share capital |
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Profit and loss account |
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Shareholder funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
NI063627
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Notes to the Financial Statements |
Year ended 30 June 2020
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 8th Floor Bedford House, Bedford Street, Belfast, BT2 7FD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Investment property
The investment property was initially recorded at cost, which includes purchase price and any directly attributable expenditure.
The investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the profit and loss,
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Tangible assets
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Investment property |
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£ |
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Cost or valuation |
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At 1 July 2019 |
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Revaluations |
(
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At 30 June 2020 |
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Depreciation |
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At 1 July 2019 and 30 June 2020 |
– |
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Carrying amount |
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At 30 June 2020 |
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At 30 June 2019 |
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5.
Debtors
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2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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The debtors above include the following amounts falling due after more than one year:
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2020 |
2019 |
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£ |
£ |
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Amounts owed by group undertakings |
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6.
Creditors:
amounts falling due within one year
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2020 |
2019 |
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£ |
£ |
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Amounts owed to related undertakings |
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Accruals and deferred income |
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Social security and other taxes |
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7.
Creditors:
amounts falling due after more than one year
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2020 |
2019 |
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£ |
£ |
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Amounts owed to group undertakings |
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8.
Summary audit opinion
The senior statutory auditor was
Mr Cathal Maneely
, for and on behalf of
Maneely Mc Cann
.
9.
Related party transactions
Control The company is a wholly owned subsidiary of Kilmona Property Limited, a company incorporated in Northern Ireland, which is a wholly owned subsidiary of Kilmona Investments Limited, a company incorporated in Northern Ireland. Kilmona Group Limited, a company incorporated in Northern Ireland, owns the entire issued share capital of Kilmona Investments Limited. P Kearney is the shareholder of Kilmona Group Limited and as such is considered to be the company's ultimate controlling party. Transactions As the company is a wholly owned subsidiary and consolidated financial statements have been prepared which are publicly available, advantage has been taken of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures. During the year a related party under common control of the directors collected rents and service charges on behalf of the company. At 30 June 2020, a balance of £108,752 (2019: £88,009) was owed by the company.
10.
Controlling party