Registered number: NI604230
LOVE HOCKEY IRELAND DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
Love Hockey Ireland Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8—9 |
Love Hockey Ireland Company Information For The Year Ended 31 August 2024
| Directors | Mr Steven Mallon |
|---|---|
| MR STEPHEN LYNCH | |
| Mr Connor McKiver | |
| Ms Caroline Pereira | |
| Company Number | NI604230 |
| Registered Office | 24 Woodford Drive |
| Armagh | |
| Co. Armagh | |
| BT60 2AY | |
| Accountants | WHR Accountants Ltd |
| Chartered Certified Accountants | |
| 56 Upper English Street | |
| Armagh | |
| County Armagh | |
| BT61 7LG |
Page 1
Love Hockey Ireland Company No. NI604230 Directors' Report For The Year Ended 31 August 2024
The directors present their report and the financial statements for the year ended 31 August 2024.
Directors
The directors who held office during the year were as follows:
Mr Steven Mallon
MR STEPHEN LYNCH
Mr Connor McKiver
Ms Caroline Pereira
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
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.
On behalf of the board
Ms Caroline Pereira
Director 29/08/2025
Page 2
Love Hockey Ireland Accountant's Report For The Year Ended 31 August 2024
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
29/08/2025
WHR Accountants Ltd Chartered Certified Accountants 56 Upper English Street Armagh County Armagh BT61 7LG
Page 3
Love Hockey Ireland Income and Expenditure Account For The Year Ended 31 August 2024
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING DEFICIT Other interest receivable and similar income Interest payable and similar charges DEFICIT FOR THE FINANCIAL YEAR |
2024 £ 223,640 (37,322) 186,318 (200,439) (14,121) - (1,271) (15,392) |
2023 £ 254,191 (36,823) |
|---|---|---|
| 217,368 (223,006) |
||
| (5,638) 150 (2,516) |
||
| (8,004) |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Love Hockey Ireland Balance Sheet As At 31 August 2024
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2024 £ £ 251,741 251,741 (78,229) 15,082 (63,147) (61,418) (124,565) 127,176 127,176 127,176 127,176 |
2024 £ £ 251,741 251,741 (78,229) 15,082 (63,147) (61,418) (124,565) 127,176 127,176 127,176 127,176 |
2023 £ £ 261,124 261,124 (94,733) 48,572 (46,161) (72,395) (118,556) 142,568 142,568 142,568 142,568 |
2023 £ £ 261,124 261,124 (94,733) 48,572 (46,161) (72,395) (118,556) 142,568 142,568 142,568 142,568 |
|---|---|---|---|---|
| 251,741 (124,565) |
261,124 (118,556) |
|||
| (63,147) (61,418) |
(46,161) (72,395) |
|||
| 127,176 | 142,568 | |||
| 127,176 | 142,568 | |||
| 127,176 | 142,568 | |||
| 127,176 | 142,568 |
For the year ending 31 August 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms Caroline Pereira Director 29/08/2025
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Love Hockey Ireland Notes to the Financial Statements For The Year Ended 31 August 2024
1. General Information
Love Hockey Ireland is a private company, limited by guarantee, incorporated in Northern Ireland, registered number NI604230. The registered office is 24 Woodford Drive, Armagh, Co. Armagh, BT60 2AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight Line Fixtures & Fittings 20% Reducing Balance Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
4. Tangible Assets
Land & Property
| Cost As at 1 September 2023 As at 31 August 2024 Depreciation As at 1 September 2023 Provided during the period As at 31 August 2024 Net Book Value As at 31 August 2024 As at 1 September 2023 |
Freehold £ 214,525 |
Plant & Machinery £ 1,043 |
Motor Vehicles £ 101,699 |
Fixtures & Fittings £ 16,831 |
|---|---|---|---|---|
| 214,525 | 1,043 | 101,699 | 16,831 | |
| 29,746 4,290 |
714 17 |
33,933 3,388 |
9,344 1,497 |
|
| 34,036 | 731 | 37,321 | 10,841 | |
| 180,489 | 312 | 64,378 | 5,990 | |
| 184,779 | 329 | 67,766 | 7,487 |
Page 6
Love Hockey Ireland Notes to the Financial Statements (continued) For The Year Ended 31 August 2024
| Cost As at 1 September 2023 As at 31 August 2024 Depreciation As at 1 September 2023 Provided during the period As at 31 August 2024 Net Book Value As at 31 August 2024 As at 1 September 2023 5. Debtors Due within one year Other debtors 6. Creditors: Amounts Falling Due Within One Year Trade creditors Bank loans and overdrafts UCIT Loan Other creditors Taxation and social security 7. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year or on demand: Bank loans Other loans |
Computer Equipment £ 2,534 |
Total £ 336,632 |
|
|---|---|---|---|
| 2,534 | 336,632 | ||
| 1,771 191 |
75,508 9,383 |
||
| 1,962 | 84,891 | ||
| 572 | 251,741 | ||
| 763 | 261,124 | ||
| 2024 £ (78,229) 2024 £ 1 25,804 4,590 9,582 21,441 61,418 2024 £ 25,804 4,590 30,394 |
2023 £ (94,733) |
||
| 2023 £ - 29,801 9,851 6,480 26,263 |
|||
| 72,395 | |||
| 2023 £ 29,801 9,851 |
|||
| 39,652 |
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 7
Love Hockey Ireland Detailed Income and Expenditure Account For The Year Ended 31 August 2024
| TURNOVER Sales Grants and subsidies received COST OF SALES Sports equipment and medals Contracted coaching Other direct costs GROSS SURPLUS Administrative Expenses Wages and salaries Employers pensions - defined contributions scheme Travel expenses Rent Light and heat Household and cleaning Computer costs Repairs to Property Insurance Post and stationary Advertising and marketing costs Training Telephone Accountancy fees Legal fees Consultancy fees Bank charges Depreciation of equipment store Depreciation of equipment Depreciation of fixtures and fittings Depreciation of computer equipment Depreciation of freehold land and property Sundry expenses OPERATING DEFICIT Other interest receivable and similar income Deposit account interest |
2024 £ £ 181,836 41,804 223,640 1,175 6,873 29,274 (37,322) 186,318 120,581 4,089 - 23,211 6,569 1,375 3,700 5,399 6,155 337 2,897 1,759 880 2,200 5,886 - 2,836 16 3,388 1,497 191 4,291 3,182 (200,439) (14,121) - - |
2024 £ £ 181,836 41,804 223,640 1,175 6,873 29,274 (37,322) 186,318 120,581 4,089 - 23,211 6,569 1,375 3,700 5,399 6,155 337 2,897 1,759 880 2,200 5,886 - 2,836 16 3,388 1,497 191 4,291 3,182 (200,439) (14,121) - - |
2023 £ £ 211,100 43,091 254,191 731 12,476 23,616 (36,823) 217,368 135,916 3,582 811 20,540 5,657 3,717 2,896 6,478 5,686 583 1,976 9,837 1,033 1,408 4,281 1,980 4,105 17 3,882 1,872 254 4,291 2,204 (223,006) (5,638) 150 150 ...CONTINUED |
|---|---|---|---|
| 223,640 (37,322) |
|||
| 120,581 4,089 - 23,211 6,569 1,375 3,700 5,399 6,155 337 2,897 1,759 880 2,200 5,886 - 2,836 16 3,388 1,497 191 4,291 3,182 |
135,916 3,582 811 20,540 5,657 3,717 2,896 6,478 5,686 583 1,976 9,837 1,033 1,408 4,281 1,980 4,105 17 3,882 1,872 254 4,291 2,204 |
||
| 186,318 (200,439) |
|||
| - | 150 | ||
| (14,121) - |
|||
Page 8
Love Hockey Ireland Detailed Income and Expenditure Account (continued) For The Year Ended 31 August 2024
| Interest payable and similar charges Bank loan interest Interest payable non trade DEFICIT FOR THE FINANCIAL YEAR |
1,271 - |
(1,271) | 1,386 1,130 |
(2,516) |
|---|---|---|---|---|
| (15,392) | (8,004) |
Page 9