2023-12-31-annual-return

CH14RTEAED ACCOUNTANTLI MALLUSK ENTERPRISE PARK LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MALLUSK ENTERPRISE PARK LIMITED Opinion We have audited the financial statements of Mallusk Enterprise Park Limited (the 'company') for the year ended 31 December 2023 which comprise the statement of financial activtties. the stalemenl of financial position, the statement of cash flows and the notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pr8Ctice)- In our opinion, the financial statements- give a true and fair view of the stste of the chartlable company's affairs as at 31 December 2023 and of its incoming resources and application of resources, induding its income and expenditure, for the year then ended., have been property prepared in accordance United Kingdom Generally AC￿pted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audii in accordance with Intemational Standards on Auditing {UK) {ISAs {UK}) and applicable law. Our responsibilities under those standards are further described in the Auditorfs ￿spOnsIbl/ltIeS for the audit ol the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial stalemenls in the UK, including Ihe FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance wrth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the directors. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identtfied any rnatertal uncertainlies relating to events or conditions that, individualty or collectivety, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial stalements are authorised for issue. Our responsibilities and the responsibilities of Ihe direclors with respect to going concem are described in the relevant sections of this report. 11 Alfred House 19 Alfred Street BELFAsf wi'2 8EQ DX3910 NR Ilelfast so Ctnfury H￿￿￿e 17 Mandc%ryllc Street IJSBUIL>I FT28 2GN Craigavon r62 3PB Tcl: [phone] AIX3 Fax: [phone] Tel: [phone] TJ55 Tr¥: +44 {0)28 9260 1656 Tel- +44 {0)28 3833 2801 F&¥: +44 {0)28 3835 0293 AMI'nJErofTL4G .AWoYklw￿A￿dTn￿￿￿1A¢thu￿nÈF1rn1S

CH14RTEAED ACCOUNTANTLI MALLUSK ENTERPRISE PARK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MALLUSK ENTERPRISE PARK LIMITED Other inforrnation The other information comprises the information induded in the annual report other than the fina￿121 statements and our auditovs report Ihereon. The directors are responsible for the other infomation contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent othe￿ise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materialty inconsistent with the financial ststements or our knowledge obtained in the course of the audit, or otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparenl material misslatemenls, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on Ihe work we have perfomed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing io report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit- the information given in the directors, reporl. prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements., and the direclors, report has been prepared in accordance wilh applicable legal requirements. Matters on which we are required to report by exception In the light of the kno￿edge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors. report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retum5- or certain disclosures of direclors, remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our audit- or the directors were nol entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the direclors, report and from the requirement lo prepare a strategic report. 12- Alfred House 19 Alfred Street BELFAsf wi'2 8EQ DX3910 NR Ilelfast so Ctnfury H￿￿￿e 17 Mandc%ryllc Street IJSBUIL>I FT28 2GN Craigavon r62 3PB Tcl: [phone] AIX3 Fax: [phone] Tel: [phone] TJ55 Tr¥: +44 {0)28 9260 1656 Tel- +44 {0)28 3833 2801 F&¥: +44 {0)28 3835 0293 AMI'nJErofTL4G .AWoYklw￿A￿dTn￿￿￿1A¢thu￿nÈF1rn1S

CH14RTEAED ACCOUNTANTLI MALLUSK ENTERPRISE PARK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MALLUSK ENTERPRISE PARK LIMITED Responsibilities of directors As explained more fully in the statement of directors. responsibilities, the directors are responsible for the preparation of Ihe financial stalements and for being satisfied that they give a Irue and fair view, and for such internal control as the directors dete￿Ine is necessary to enable the preparation of financial statements that are free from malerial misstatement, whelher due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's abiltty to continue as a going con￿rn, disclosing, as applicable, matters related lo going concern and using the going COn￿M basis of accounting unless the directors either intend to liquidale the charitable company or to cease operations. or have no realistic alternative but lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatement, whelher due lo fraud or error, and to issue an auditovs report that includes our opinion. Reasonable assurance is a high level of assuran￿ but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-complian￿ wilh laws and regulalions. We design procedures in line with our responsibilities, outlined above, to detect material misststements in respect of irregularities, including fraud. The extenl to which our procedures are capable of detecting irregulartties. including fraud, is delailed below. 13- Alfred House 19 Alfred Street BELFAsf wi'2 8EQ DX3910 NR Ilelfast so Ctnfury H￿￿￿e 17 Mandc%ryllc Street IJSBUIL>I FT28 2GN Craigavon r62 3PB Tcl: [phone] AIX3 Fax: [phone] Tel: [phone] TJ55 Tr¥: +44 {0)28 9260 1656 Tel- +44 {0)28 3833 2801 F&¥: +44 {0)28 3835 0293 AMI'nJErofTL4G .AWoYklw￿A￿dTn￿￿￿1A¢thu￿nÈF1rn1S

CH14RTEAED ACCOUNTANTLI MALLUSK ENTERPRISE PARK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MALLUSK ENTERPRISE PARK LIMITED Extent to which the audit was considered capable of detecting irregularities, including fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or e￿Or, and then design and perform audit proCedU￿S responsive to those risks, including obtaining audil evidence that is sufFicient and appropriate to provide a basis for our opinion. In identfying and assessing potential risks of material misstatement in resped of irregularities, including fraud and non-compliances wilh laws and regulations. we considered the following= The nature of the industry and sector. control environment and business performance, including the charitable company's remuneration policies for staff. bonus levels and perfomiance targets, if any., Results of our enquiries of management about their own identification and assessment of the risks of irregularities- Any matters we identified having obtained and reviewed the charttable company's documentalion of their policies and procedures relating to= Identfying. evaluating and comp￿Ing with laws and regulations and whether they were aware of any instance of non-compliance; Detecting and responding to the risks of fraud and whether they have and knowledge of any actual, suspected or alleged fraud- and The internal controls established to mttigate risks of fraud or non-compliance with laws and regulations., The matlers discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud. As a result of these procedures, we considered the opporbjnities and in￿ntiveS that may exist wtthin the charitable company for fraud and identified the greatesl potential for fraud in revenue recognition. In common with all audits under ISA5 (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on provisions of Ihose laws and regulations that had a direct effect on the determination of malerial amounts and disclosures in the financial statements. The key laws and regulats'ons we considered in this context induded Ihe Companies Act 2016, and local tax legislation. In addition, we considered provisions of olher laws and regulations Ihal do not have a direct effect on the financial statements but compliance with which may be fijndamental to the charitable company's ability to operate or to avoid a malerial penalty. 14- Alfred House 19 Alfred Street BELFAsf wi'2 8EQ DX3910 NR Ilelfast so Ctnfury H￿￿￿e 17 Mandc%ryllc Street IJSBUIL>I FT28 2GN Craigavon r62 3PB Tcl: [phone] AIX3 Fax: [phone] Tel: [phone] TJ55 Tr¥: +44 {0)28 9260 1656 Tel- +44 {0)28 3833 2801 F&¥: +44 {0)28 3835 0293 AMI'nJErofTL4G .AWoYklw￿A￿dTn￿￿￿1A¢thu￿nÈF1rn1S

CH14RTEAED ACCOUNTANTLI MALLUSK ENTERPRISE PARK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MALLUSK ENTERPRISE PARK LIMITED Audit response to risks identified Our procedures to respond to the risks identffied included the following= Reviewing the financial statement disclosures and lesting to supporting documentation to assess compliance wtth provisions of relevant laws and regulations described as having a direct effect on the financial statements- Enquiring of management concerning actual and potentr'al litigation and claims., Performing anatytical prO￿dureS to identify any unusual or unexpected relationships that may indicate risks of malerial misslatement due to fraud.. Reading minutes of meetings of those charged with g0veMan￿ and reviewing correspondence with tax authorities., and In addressing the risk of fraud through management override of conlrols, tesling the appropriateness of joumal enlries and olher adjustments," assessing whelher the judgements made in making accounting estimates are indicative of a potential bias- and evaluating the business rationale of any significant Iransactions that are unusual or outside the nomial course of business. We also communicated ￿levant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owing to the inherenl limilations of an audit, there is an unavoidable risk thal we may not have delecled some material misstatements in the financial statements. even though we have properly planned and performed our audit in accordan￿ with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irregularilies, as they may involve collusion. forgery, inlenlional omissions, misrepresentations, or Ihe override of internal controls. We are not responsible for prevents.ng norpcompliance and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il www.frc.org.uklaudilorsresponsibiltties. This descriplion fom)s part of our auditovs report. 15- Alfred House 19 Alfred Street BELFAsf wi'2 8EQ DX3910 NR Ilelfast so Ctnfury H￿￿￿e 17 Mandc%ryllc Street IJSBUIL>I FT28 2GN Craigavon r62 3PB Tcl: [phone] AIX3 Fax: [phone] Tel: [phone] TJ55 Tr¥: +44 {0)28 9260 1656 Tel- +44 {0)28 3833 2801 F&¥: +44 {0)28 3835 0293 AMI'nJErofTL4G .AWoYklw￿A￿dTn￿￿￿1A¢thu￿nÈF1rn1S

CH14RTEAED ACCOUNTANTLI MALLUSK ENTERPRISE PARK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MALLUSK ENTERPRISE PARK LIMITED Use of our report This report is made solety to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we might stale lo the charitaue company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullesl extent permitted by law, we do nol accept or assume responsibility to anyone other than the charilable company and the charitable company's members as a body. for our audit work. for this report. or forthe opinions we have formed. Mr Stephen Houston FCA (Senior Ststutory Auditor) for and on behalf of GMCG LISBURN 30 May 2024 Chartered Accountants Statutory Auditor Century House 40 Crescent Business Park Lisbum BT28 2GN 16- Alfred House 19 Alfred Street BELFAsf wi'2 8EQ DX3910 NR Ilelfast so Ctnfury H￿￿￿e 17 Mandc%ryllc Street IJSBUIL>I FT28 2GN Craigavon r62 3PB Tcl: [phone] AIX3 Fax: [phone] Tel: [phone] TJ55 Tr¥: +44 {0)28 9260 1656 Tel- +44 {0)28 3833 2801 F&¥: +44 {0)28 3835 0293 AMI'nJErofTL4G .AWoYklw￿A￿dTn￿￿￿1A¢thu￿nÈF1rn1S