Registration number:
FINANCIAL PERIOD DATA REFRESH REQUIRED
Select the Refresh button on the Summary or Disclosure tab
Ballyallaght Farmyard Cottages Management Company Limited
for the Year Ended 30 April 2020
Ballyallaght Farmyard Cottages Management Company Limited
Director's Report for the Year Ended 30 April 2020
The director presents his report and the financial statements for the year ended 30 April 2020.
Director of the company
The director who held office during the year was as follows:
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
• |
select suitable accounting policies and apply them consistently; |
• |
make judgements and accounting estimates that are reasonable and prudent; |
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and are in accordance with FRS 102 Section 1A The Financial Reporting Standard applicable to the Small Entities Regime. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity
The principal activity of the company is the management of communal areas in the housing development known as Ballyallaght Farm Yard Cottages, Bushmills. The company is a non profit making organisation.
Director
At 30 April 2020 the director did not have any beneficial interest in the shares of the Company.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Ballyallaght Farmyard Cottages Management Company Limited
Director's Report for the Year Ended 30 April 2020
Approved by the
.........................................
Director
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ballyallaght Farmyard Cottages Management Company Limited
for the Year Ended 30 April 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ballyallaght Farmyard Cottages Management Company Limited for the year ended 30 April 2020 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements which are laid down by the Institute relating to members undertaking the compilation of financial statements.
This report is made solely to the Board of Directors of Ballyallaght Farmyard Cottages Management Company Limited, 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 in accordance with technical guidance issued by the Institute. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ballyallaght Farmyard Cottages Management Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ballyallaght Farmyard Cottages Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Ballyallaght Farmyard Cottages Management Company Limited. You consider that Ballyallaght Farmyard Cottages Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ballyallaght Farmyard Cottages Management Company Limited. 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 statutory accounts.
......................................
Ballymena
Co. Antrim
BT43 7AA
Ballyallaght Farmyard Cottages Management Company Limited
Profit and Loss Account for the Year Ended 30 April 2020
2020 |
2019 |
|
Income from residents |
|
|
Other operating charges |
( |
( |
Net incoming resources |
- |
- |
Ballyallaght Farmyard Cottages Management Company Limited
(Registration number: NI050277)
Balance Sheet as at 30 April 2020
Note |
2020 |
2019 |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Total equity |
|
|
For the financial year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Director
Ballyallaght Farmyard Cottages Management Company Limited
Statement of Changes in Equity for the Year Ended 30 April 2020
Share capital |
Total |
|
At 1 May 2019 |
|
|
At 30 April 2020 |
|
|
Share capital |
Total |
|
At 1 May 2018 |
20 |
20 |
At 30 April 2019 |
|
|
Ballyallaght Farmyard Cottages Management Company Limited
Notes to the Financial Statements for the Year Ended 30 April 2020
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Revenue recognition
Income represents total amounts due from the residents to cover expenses of the company for the accounting period.
Net incoming resources are stated after writing off revenue costs as incurred.
Amounts outstanding from residents
Amounts outstanding from residents are amounts due in reimbursement of company expenses incurred during the period along with an amount requested in advance to enable the company to meet liabilities as they fall due. Amounts outstanding are recognised initially at the transaction price. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due from the resident concerned. In this situation the remaining residents are required to meet the shortfall.
Expense payments outstanding
Expense payments outstanding are obligations to pay for goods or services that have been acquired for the benefit of the residents. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are represented as non-current liabilities. Creditors are recognised initially at the transaction price.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Ballyallaght Farmyard Cottages Management Company Limited
Notes to the Financial Statements for the Year Ended 30 April 2020
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Debtors |
2020 |
2019 |
|
Prepayments |
|
|
Other debtors |
|
|
|
|
Creditors |
2020 |
2019 |
|
Due within one year |
||
Expense payments outstanding |
|
|
Advance deposits |
|
|
Accruals |
660 |
600 |
|
|
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
|||
No. |
£ |
No. |
£ |
|
|
|
20 |
|
20 |
Ballyallaght Farmyard Cottages Management Company Limited
Detailed Profit and Loss Account for the Year Ended 30 April 2020
2020 |
2019 |
|
Turnover |
7,862 |
4,243 |
Administrative expenses |
||
Effluent disposal |
773 |
759 |
Heat and light |
1 |
3 |
Insurance |
305 |
305 |
Repairs and maintenance |
2,033 |
- |
Sundry expenses |
805 |
612 |
Landscaping |
2,425 |
1,470 |
Administration charge |
770 |
452 |
Accountancy fees |
750 |
642 |
(7,862) |
(4,243) |
|
Net incoming resources for the period |
- |
- |
Balance brought forward |
- |
- |
Balance carried forward 30th April 2020 |
- |
- |