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false
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false
false
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true
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false
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No description of principal activity
2018-07-01
Sage Accounts Production Advanced 2019 - FRS102_2014
81,001
81,001
xbrli:pure
xbrli:shares
iso4217:GBP
NI613813
2018-07-01
2019-06-30
NI613813
2019-06-30
NI613813
bus:OrdinaryShareClass1
2018-07-01
2019-06-30
NI613813
bus:LeadAgentIfApplicable
2018-07-01
2019-06-30
NI613813
bus:Director6
2018-07-01
2019-06-30
NI613813
core:ShareCapital
2019-06-30
NI613813
core:ShareCapital
2018-06-30
NI613813
core:RetainedEarningsAccumulatedLosses
2019-06-30
NI613813
core:RetainedEarningsAccumulatedLosses
2018-06-30
NI613813
core:CostValuation
core:Non-currentFinancialInstruments
2019-06-30
NI613813
core:Non-currentFinancialInstruments
core:ProvisionsForImpairmentInvestments
2019-06-30
NI613813
bus:SmallEntities
2018-07-01
2019-06-30
NI613813
bus:AuditExemptWithAccountantsReport
2018-07-01
2019-06-30
NI613813
bus:FullAccounts
2018-07-01
2019-06-30
NI613813
bus:SmallCompaniesRegimeForAccounts
2018-07-01
2019-06-30
NI613813
bus:PrivateLimitedCompanyLtd
2018-07-01
2019-06-30
NI613813
bus:OrdinaryShareClass1
2019-06-30
NI613813
bus:OrdinaryShareClass1
2018-06-30
COMPANY REGISTRATION NUMBER:
NI613813
Filleted Unaudited Financial Statements
|
|
Year ended 30th June 2019
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
3
|
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Runlin Limited
|
|
Year ended 30th June 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Runlin Limited for the year ended 30th June 2019, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. This report is made solely to the Board of Directors of Runlin Limited, as a body, in accordance with the terms of our engagement letter dated 4th November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Runlin Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Runlin Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Runlin Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Runlin Limited. You consider that Runlin 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 financial statements of Runlin 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 financial statements.
BMK ACCOUNTING LIMITED
Chartered Accountants
43 Lockview Road
Stranmillis
Belfast
BT9 5FJ
19 March 2020
Statement of Financial Position
|
|
30 June 2019
Capital and reserves
Called up share capital
|
5
|
|
81,001
|
81,001
|
Profit and loss account
|
|
(
81,001)
|
(
81,001)
|
|
|
--------
|
--------
|
Shareholders funds
|
|
–
|
–
|
|
|
--------
|
--------
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
18 March 2020
, and are signed on behalf of the board by:
Company registration number:
NI613813
Notes to the Financial Statements
|
|
Year ended 30th June 2019
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Lagan House, 19 Clarendon Road, Belfast, Co. Antrim, BT1 3BG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Investments
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 1st July 2018 and 30th June 2019
|
81,001
|
|
--------
|
Impairment
|
|
At 1st July 2018 and 30th June 2019
|
81,001
|
|
--------
|
|
|
Carrying amount
|
|
At 30th June 2019
|
–
|
|
--------
|
At 30th June 2018
|
–
|
|
--------
|
|
|
The company holds, either directly or indirectly, 20% or more of the share capital of the following companies:
Country of
Country of
Proportion
registration or principal
Company
Activities incorporation activities of shares
Lagan Holdings Limited Holding company Northern Ireland Northern Ireland 100%
Antrim Asphalt Limited Holding company Northern Ireland Northern Ireland 100%*
Irish Asphalt Limited Plant hire Republic of Ireland Republic of Ireland 100%*
Runbury International Limited Property holding Republic of Ireland Republic of Ireland 100%*
Linstock Limited Property holding Republic of Ireland Republic of Ireland 100%*
* = held by subsidiary
Company share of subsidiaries results
Name of undertaking Period ended Profit /(loss) (after tax) for period Net assets / (liabilities)
£ £
Lagan Holdings Limited ^ 30/06/2019 270,124 (6,260,286)
Antrim Asphalt Limited ^ 30/06/2019 - -
Irish Asphalt Limited
31/05/2019 688,656
(13,410,000)
Runbury International Limited
31/05/2019 - (6,394,609)
Linstock Limited
31/05/2019 - (3,808,513)
^ = unaudited financial statements
5.
Called up share capital
Issued, called up and fully paid
|
2019
|
2018
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
81,001
|
81,001
|
81,001
|
81,001
|
|
--------
|
--------
|
--------
|
--------
|
|
|
|
|
|
6.
Contingent liability
Various proceedings have been issued against certain group subsidiary companies as well as other quarry owners, in relation to the supply of allegedly defective quarry products from inter alia a quarry in Baylane, Co. Dublin, Republic of Ireland. On robust legal advice, the proceedings are being vigorously defended by the companies concerned and those companies do not accept that they have any liability.
7.
Related party transactions
The company has taken advantage of the exemption under the terms of FRS 102 from disclosing related party transactions with entities that are members of the group.
8.
Control
The directors consider JPK Lagan and MA Lagan to be the ultimate controlling parties.