Company Registration No. NI633645 (Northern Ireland)
Ballyclare Developments Limited
Unaudited accounts
for the year ended 30 September 2020
Ballyclare Developments Limited
Statement of financial position
as at
30 September 2020
Tangible assets
71,466
142,576
Inventories
1,739,111
2,387,525
Debtors
161,015
1,021,738
Cash at bank and in hand
233,885
3,725
Creditors: amounts falling due within one year
(1,832,685)
(3,130,732)
Net current assets
301,326
282,256
Total assets less current liabilities
372,892
424,932
Creditors: amounts falling due after more than one year
-
(52,763)
Net assets
372,892
372,169
Called up share capital
100
100
Profit and loss account
372,792
372,069
Shareholders' funds
372,892
372,169
For the year ending 30 September 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2021 and were signed on its behalf by
Mr Creighton Boyd
Director
Company Registration No. NI633645
Ballyclare Developments Limited
Notes to the Accounts
for the year ended 30 September 2020
Ballyclare Developments Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI633645. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight-Line
Fixtures & fittings
10% Straight-Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2019
353,800
3,500
357,300
At 30 September 2020
353,800
3,500
357,300
At 1 October 2019
213,586
1,138
214,724
Charge for the year
70,760
350
71,110
At 30 September 2020
284,346
1,488
285,834
At 30 September 2020
69,454
2,012
71,466
At 30 September 2019
140,214
2,362
142,576
5
Investments
Other investments
Valuation at 1 October 2019
100
Valuation at 30 September 2020
100
Ballyclare Developments Limited
Notes to the Accounts
for the year ended 30 September 2020
Amounts due from group undertakings etc.
11,015
667,567
Accrued income and prepayments
150,000
350,000
Total debtors less than one year
161,015
1,021,738
Total debtors
161,015
1,021,738
7
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
72,716
70,453
Trade creditors
38,278
36,521
Amounts owed to group undertakings and other participating interests
1,626,388
3,023,158
Taxes and social security
94,703
-
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
52,763
9
Transactions with related parties
Included in Other Debtors is an amount due to an other related party £11,015. (2019: £667,567.)
Included in Other Creditors is an amount due to an other related party £1,626,388. (2019: £3,023,158).
10
Average number of employees
During the year the average number of employees was 0 (2019: 0).