Registered number N1603815 RedeemedChristianChurchOfGodPlaceOfVictoryForAIINations,Belfast Filleted Accounts 31 March 2025 11111111111 'AEU257WJ• 1910112026 COMPANIES HOUSE
RedeemedChristianChurchOfGodPlaceONictoryFofAIINations,Belfast Registered number. N1603815 Balance Sheet as at 31 March 2025 Notes 2025 2024 Fixed assets Tangible assets 56.513 46,081 Cuf rent as8ets Cash at bank and In hand 393,293 319.757 Creditors amounts falling due within one year (233) Net current assets 393.060 319.757 Nel assets 449,573 365,838 Capital and reseThes Profit and loss account 449.573 365,838 449,573 365,838 The directors are satisfied thal the company Is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 The members have not required the company to obtain an audil In accordance with section 476 of the Act The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accountin9 records and the preparation of accounts The accounts have been prepared and delivered In accordance with the special provisions applicable to companies subiecl to the sm211 companies regirne The profit and loss account has not been delivered to the Registrar of Comp8nies Adebayo As Director Approved by the board on 11 December 2025
RedeernedChristianChurchOfGodPlaceOfilictoryForAIINations,Belfast Notes to the Accounts for the year ended 31 March 2025 Accountin9 policies Basis of preparation The accounts have been prepared under the historical cost convention and In accordance wlh FRS 102, The Financial Reporting Standard applicable In the UK and Republic of Ireland {as applied to small entities by section 1A of the standard) 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 Ihe rendering of services Turnover from the sale of goods Is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer 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 perfonned to date to the total estimated conlracl costs Intangible fixed assets Intangible fixed assets are measured at cost less accumulaiive amortisation and any accumulative Impairment losses rangible fixed assets Tangible fixed assets are measured ai cost less auMUlative depreciabon and any accumulative Impairment losses Depreciation Is provided on all tangible fixed assets. other than freehold land. at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful lifo, as follows Freehold buildings Leasehold land an¢J buildings Plant and machinery Fixtures, fittings. tools and equipment over 50 years over the lease term over 5 years over 5 years Investments Investments In subsidiaries. associates and joint venlures are measured at cost less any accumulated Impairment losses Listed Investments are measured at fair value Unlisted Investments are measured at fair value unless the value cannol be measured reliably, In which case they are measured at cost loss any accumulaled Impairment losses Changes In fair value are Included In the profit and loss account Stocks Slocks are measured at Ihe lower of cost and estimated selling price less costs lo complete and sell Cost Is determined using the first In first out method The carrying amount of stock sold Is recognised as an expense In the period In which the related revenue Is iecognised Debtors Short term clebtors are measured al Iransaclion pnce (which Is usually the Invoice pri), less any Impairment losses for bad and doubtful debts Loans and other financial assets are Initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective Interesl method. less any Impairment losses for bad and doubtful debts Creditors
RedeemedChristianChurchOfGodPlaceOfilictoryForAIINations,Belfast Notes to the Accounts for the year ended 31 March 2025 Short term creditors are measured at transacbon price {which Is usually the Invoice Price) Loans and other financial liabilities are Initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective Interest method Taxation A current tax liability Is recognised for the tax payable on the iaxable profit of the current and past penods A current tax asset Is recognised In respect of a tax loss that can be carried back to recover tax paid In a previous penod Deferred lax Is recognised In respect of all timing differences between the recognition of Income and expenses In the financial statements and their Inclusion In tax assessments Unrelieved tax losses and other deferred lax assets are recognised only to the extent that It Is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits Deferred tax Is measured using the tax rales and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, excepi for revalued land and Investment propety where the tax rale that applies to ihe sale of the asset Is used Current and deferred tax assets and liabilities are not discounted Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when Ihere Is an obligation al the reporting date as a result of a past evenl, It Is probable that economic benefit will be transferred to settle the obligation and Ihe amount of the obli9ation can be eslimated reliably Foreign currency translatlon Transactions In foreign currencies are Initially recognised at the rate of exchange ruling at the date of the transactioTr At the end of each reporting penod foreign currency monetary Items are translated at the closing rate of exchange Non-monetary Items that are measured at historical cost are translated at the rate ruling at the date of the transaction All differences are charged lo profit or loss Leased assets A lease Is classified as a finance lease If It transfers substantially all the risks and rewards Incidental to ownership All other leases are classified as opefaling leases The nghts of use and Obligatsons under finance leases are Initsally recognised as assets and118bilities al amounts equal lo the fair value of the leased assets or, If lower, the present value of the minimum lease payments Minimum lease payments are apporttoned beeen the finance charge and the Feduclion In the outstanding liability using the effeclive Inlerest rate Method The finance charge Is allocated to each period during the lease so as to produce a constant periodic rate of Interest on the remaining balance of the liability Leased assets are depreciated In accordance with the company's policy for tangible fixed assets If there Is no reasonable certainty that ownership will be obtained at the end of the lease terrn, the asset Is depreciated over the lower of the lease lerm and Its useful life Operating lease payments are recognjsed as an expense on a straight line basis over the lease term Pensions Contributions to defined contribution plans are expensed In the period to which they relate 2 Tangible fixed assets Plant and machinery etc
RedeemedChristianChurchOfGodPlaceOfVictoryForAIINations,Belfast Notes to the Accounts for the year ended 31 March 2025 Cost At 1 Apni 2024 Additions At 31 March 2025 46.081 10.432 56.513 Depreciation At 31 March 2025 Net botyk value At 31 March 2025 56,513 At 31 March 2024 46,081 3 Creditors amounts falling due within one year 2025 2024 Taxation and social security costs 233 4 Other information Redeen)edChrnstianChurchOfGodPlaceOfiJictoryForAIINations,Belfast Is a private company limited by guarantee and Incorporated In N Ireland ils registered office Is 3 Bradbury Place Bradbury Place Belfast Antrim BT7 1RQ