Ballymena Land Investment Company Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: R0000055 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Ballymena Land Investment Company

Limited - The

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D N Gibson

J A D Gibson

G J Gibson

Miss C M C Gibson

Mrs R M Kemp

Mrs M D Gilmore

SECRETARY:

J A D Gibson

REGISTERED OFFICE:

4 Malone Road

Belfast

BT9 5BN

REGISTERED NUMBER:

R0000055 (Northern Ireland)

ACCOUNTANTS:

John C Stewart & Co Ltd

Suite 5 Ormeau House

91 - 97 Ormeau Road

Belfast

BT7 1SH

FIXED ASSETS

Tangible assets

2

2,492,426

2,050,918

Investments

3

243,098

188,240

2,735,524

2,239,158

CURRENT ASSETS

Cash at bank

19,512

12,474

CREDITORS

Amounts falling due within one year

(148,962

)

(84,831

)

NET CURRENT LIABILITIES

(129,450

)

(72,357

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,606,074

2,166,801

CREDITORS

Amounts falling due after more than one
year

(1,062,780

)

(744,685

)

NET ASSETS

1,543,294

1,422,116

CAPITAL AND RESERVES

Called up share capital

4

6,000

Profit and loss account

1,537,294

1,416,116

SHAREHOLDERS' FUNDS

1,543,294

1,422,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 February 2017 and were signed on its behalf
by:

D N Gibson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

2,050,918

Additions

441,508

At 31 May 2016

2,492,426

NET BOOK VALUE

At 31 May 2016

2,492,426

At 31 May 2015

2,050,918

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2015

188,240

Additions

162,136

Disposals

(107,278

)

At 31 May 2016

243,098

NET BOOK VALUE

At 31 May 2016

243,098

At 31 May 2015

188,240

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

6,000

Ordinary shares

1

6,000