Company Registration No. NI665688 (Northern Ireland)
PAC Group Property Limited
Unaudited accounts
for the year ended 31 December 2021
PAC Group Property Limited
Unaudited accounts
Contents
PAC Group Property Limited
Company Information
for the year ended 31 December 2021
Directors
Gordon David Burns
Darren Joseph Leslie
Iain Parkhill
Gavin Robert Rankin
Company Number
NI665688 (Northern Ireland)
Registered Office
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
C0. Antrim
BT3 9DE
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
PAC Group Property Limited
Statement of financial position
as at 31 December 2021
Investment property
241,757
241,757
Cash at bank and in hand
69,637
33,736
Creditors: amounts falling due within one year
(286,563)
(282,477)
Net current liabilities
(202,739)
(235,971)
Profit and loss account
39,018
5,786
Shareholders' funds
39,018
5,786
For the year ending 31 December 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2022 and were signed on its behalf by
Darren Joseph Leslie
Director
Company Registration No. NI665688
PAC Group Property Limited
Notes to the Accounts
for the year ended 31 December 2021
PAC Group Property Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI665688. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, C0. Antrim, BT3 9DE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at cost. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 January 2021
241,757
At 31 December 2021
241,757
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
13,952
12,770
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
8,326
-
Other creditors
276,200
275,000
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).