Registration number:
Ahoghill Community Property Development Company Limited
(A company limited by guarantee)
for the Year Ended 31 March 2020
Ahoghill Community Property Development Company Limited
(Registration number: NI055105)
Balance Sheet as at 31 March 2020
Note |
2020 |
2019 |
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Fixed assets |
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Land and buildings |
522,235 |
522,235 |
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Furniture, fittings and equipment |
142 |
190 |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
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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 |
( |
( |
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Reserves |
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Capital grant reserve |
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Profit and loss account |
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These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Director
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Ahoghill Community Property Development Company Limited
General information |
The company is a company limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
Northern Ireland
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Turnover
Turnover represents income from the letting of units in a business centre.
Depreciation
Leasehold land & buildings are stated at cost which in the opinion of the Directors/Trustees is not materially different from fair value. Leasehold land & buildings are held for investment purposes and, as such, no depreciation is provided on the Leasehold land & buildings.
Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Leasehold land and buildings |
Nil |
Fixtures and fittings |
25% reducing balance |
Fixed assets |
The Company has a 999 year lease of the land and buildings which commenced on 1st June 2012. This is subject to a nominal rent of £0.05 per annum (if demanded).
Capital Grant Reserve |
This comprises monies received by the Company from the International Fund for Ireland and Ballymena Borough Council/Mid & East Antrim Council towards the building costs of the Business Centre.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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