NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED - Company Information

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NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

Company Registration Number:
NI028723 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

Balance sheet

As at 30 September 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 281,929 281,929
Investments:   0 0
Total fixed assets: 281,929 281,929
Current assets
Stocks: 0 0
Debtors:   6,691 16,515
Cash at bank and in hand: 14,437 0
Investments:   0 0
Total current assets: 21,128 16,515
Creditors: amounts falling due within one year: 3 (15,979) (20,092)
Net current assets (liabilities): 5,149 (3,577)
Total assets less current liabilities: 287,078 278,352
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 287,078 278,352
Capital and reserves
Called up share capital: 416 416
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 286,662 277,936
Shareholders funds: 287,078 278,352

The notes form part of these financial statements

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

Balance sheet statements

For the year ending 30 September 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 May 2018
and signed on behalf of the board by:

Name: Dr Derval O'Reilly
Status: Director

The notes form part of these financial statements

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and vat.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their residual value, over their expected useful lives.

Other accounting policies

Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are state at cost less impairment losses for bad and doubtful debts.Borrowing CostsBorrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Tangible Assets

Total
Cost £
At 01 October 2016 281,929
At 30 September 2017 281,929
Net book value
At 30 September 2017 281,929
At 30 September 2016 281,929

NEWRY HEALTH VILLAGE DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Creditors: amounts falling due within one year note

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.