Company registration number: N1626514 Hobron School of Martlal Arts & Ytxrth Club Ltd Company Ilmlted by guaranlo9 Unaudlted Ilnanclal ststsThwits 30 September 2017
Hebfon School of M•rtial Arts & Youth Club Ltd Cornpany lirnited by guarantee Conlents Pagè Direclors and other inlomiation Directors rep)rt counlanl's report Statement of comprehensNe irne Statement ol financi posrtK>n Slalemenl ol charoes in equrty Notes lo the financial stalemenlg
Ilobron School of Martlal Arts & Youth Club Ltd Company Ilmlted by guarantee Dlro¢tors and othw Informalion Dlre¢lors Mr William Fe Mf Josh Ferry Company number N1626514 8uslness •ddre88 10 GranviNe Gardens Dungannon Co Tyrone BT70 1NR Aeeountant M Mccune & Co 63 mart[ Street Tarlage8 Armagh BT62 2BP Page 1
Hebron School of Martial Art$ & Youth Club Ltd Cofflpany limited by guarantee Dlrectors report Year ended 30 September 2017 The directors present their reFKJrt and the unaudited finaal slalemenls ol the company lor the year end& 30 September 2017. Dlrectors The directors who served the company during lh8 year were as followE'. Mr William Fery Mr Josh Fefry Small Company provislons This report has been prepared in atrdance with the provisions apyli¢the to ¢ompanie5 entitled lo the small companies exemption. This report was by.. Toved the tx)ard ol dir2Ctors on and signed on bghall ol the board Mr William Ferry Director
Hebron School of •Aartl Arts & Youlh Club Ltd Compny Iwnrt•d by guarantee Report to the board of dNrtovs on prnyrntion ol the n•udit•d statutory Ilnancial stat•m•nts of H•lKon School of Mart1 Art5 & Youth Club Ltd YMr •nd•d 30 S•pt•fflb•r 2017 In ordef to ass1 you to fulfil your dbkn undof the compan Act 2006. 1 have wepgred for your •pprovo1 th financial statements ol Hebron School ol Martsl Arf5 & Youth Club Ltd for the year ended 30 September 2017 which cornp the st8tèm&ftt of compfeherw¥e Trncomè. ststemènt of financ1 [n. sl8t8rn8nl ol ¢hangos In equty and related Th)tes from the compan$ accounbng records and Irom lnlofmats.on and explanabons you have gNen mè. As a practy'ng mem[ of Chartered Accountants Irend. l am suttyed to rts ethical and other profeswna requirèments ¥whtt are detailed al 7M•h¥.charteredattountants.iE. Thts r8port m8d8 solgly. to th8 twr(J of directo of Hetffon School ol Marb"al Art5 & Youth Club Ltd. as body. in accordance with the terms ol my eroagement Igtter. fvfy work has b&en undertaken soloty to preparo for your approval the finantsal stslements ol Heixon School ol Mathl Arts & Youth Club Lttj and stale those matters that we have agreod to stste to the tM)8rd of thr8ctors of Hebron School of Marti81 Arts & Youth Club Ltd a$ a Wy, In thts feport In 8c¢ordance ith the requwements ol Chartered A¢¢ounl•nts Ireland as detailed at V+VM.chartgrgdaccountsnts chartered8ccountsnts.. To the fullest eerrf wrrtted by law. I do not arcerrt or a55ume resw)nsit¥"lty lo anyDne other than rlobron ichooi of Mjrbji T¢xth Club Ltd and ts board of direc10 is a body lor my work or for rgwjrt. It ts your duty to ensure that Hebron School ol Martial Arts & Youth Club Ltd has kepl adequate 8c¢ounb"ThJ fecords and to prepaie statutory financial stslements thal gNe a true arml 14iv wew ol the assets. I1"e$, fin8nthal and loss ol Hebron School of Mathl Arts a Youth Club Lld You consJer that Hebron School ol Marbal Arts & YoLrth Club Lld ts exempt from the statulory requirernenl for the year. I have not Len In5trLbCt8d to carry oul an Of a revw of the fin8nual statements ol Hebron School ol Martj'al Arts & Youth Club Ltd For this reason. I hove not venfied the accuracy Of completeness ¢1 the accounkn'n9 re¢oFd5 or InformalKn and explanabons you ha¥¥ gNen to me 8rMJ I do not. therefore. èxpress any op'nion on statutory financ4al statements. M Mccune & Co Chart•red A¢¢ountant 63 Mafkel Street T8n(Jragee Arm8gh BT62 28P 29 Jun8 2018 P•9• 3
Hebron School of Martial Arts & Youth Club Ltd Cornpany Ilmited by guarantee Statement ol ¢omprehensive income Yw ended 30 Wtember 2017 2017 2016 Turnover Cost ol sales 15,323 13.4311 12,232 15651 Gross proftt 11,892 11,667 Administrative expenses 112.8971 111,9CK)I Operating loss 11,L)05 12331 Interest payable and similar expenses In 12551 Loss before taxation 11.012) 14881 Tax on loss Loss lor the financial year and total comprehensive inwme 11.0121 14881 All the aclivilies ol the company afe Irom continuiThJ operath)ns. The notes on p•9es 8 to 1110rn) part ol these financlal statement¥.
Hobron School of Martial Arts & Youth Club Ltd Company lirnited by guarantee ststemeni of linancial poslllon 30 September 2017 2017 2016 Flxed assets Tangible assets 1,594 2,126 1.594 2.126 Current assets Cash al bank and in hand 278 278 Credltors: amounts lalling due withln one year {2.7561 11,9981 Net current Ilabllltlès 12.4781 11,9981 Total assets less current liabllilies 18841 128 Net {Ilabilitiesllassets 18841 128 Capllal and resèrvos Profil and loss account 18841 128 embers Ideflclt}Ilunds 18841 128 For the year ending 30 September 2017 the company was entitled to exemption from audit undef section 477 ol Ihe Compan¢Ès Aci 2006 relaling to small compan¢es. Directors responsibililtes.. The members have required the company lo obtain an aIrt ol its financial statements for the yeaf in question in accordance with seclion 476; The directors acknedge their respOnsi.1111eS lor complwng with the requirements ol the Act with respect lo accounting records and the preparatK>ll ol financial slalements. These linanctal staternents have been prepared In aOrdanCe with tt)e provisions applicable to companies subject lo the small companies. regime and in accordance with FRS 102 The Financial Reporting Standard applicable In the UK and Republic ol Ireland.. The notes on pages 8 10 11 lo part ol thtse flnanclal thtements.
Hebfon School of Martial Arts & Youth Club Lld Cornpany Ilmiled by guarantee Siatemep.t ol f1I2ncla: pcsltlon Icontlnuedl 30 Septernber 2017 Thebe linaficidl sidienieiiib weie dFwivv6xI by ilie ul li¥1vIS <uMJ dULliU4thl iui ibbuts uil 29 LiUII¥ 2018, and are signed on t*haM ol the tK)aTd by.. Mr William Ferry Direclof Company registration number= N1626514 The notes on pages 8 to 11 f( part of these Ilnancial statemen1¥. Page 6
Hobron School of Martial Art$ & Youth Club Ltd Company Ilmited bv Ynl¢ YÈ•r endod 30 September 2017 roiiT ana loss dLbUUIIL Totsl At 1 Oclobor 2015 616 616 Loss lor the year 14881 14881 Total comprèh8nsiv8 inwme for the yoar 14881 14881 41 spntp.mhw 11R 47nfl 1 nplnhw 1?8 l?A i* ni?1 Total comDrehenslve Income tor the yéar 11.0121 11.0121 At 30 Septembw 2017 18t$41 Page 7
Hebron School of Martial Arts & Youth Club Ltd Year ended 30 Seplember 2017 enfjrai iriiorma41011 I he company a pnvate company Iimrted by guarantee, regisiereo In . I he a¢Jdfess ot tne registerea ollice is Statement of MPlIance These financial slalements have been prepared in compliance wlh the provisions ol FRS 102. Section l A. ' I he InanCial Hewjrtsng blanoaro appiicaDie In the ana HepuDlic 01 Ire0.. Accounting policies Basis ol prepartion The financial statements have been Preped on the h1or1 cost basis, as mc#Jilth by th8 revaluation ot certain Thnanal assels arKJ Iiarmlrttes aThJ Investment properts measured at lair value throLsgn protil or loss. I ne iinanciai siaiemenis a F¥ePar In siening, wn ine iuneiionw currency oi the enw. Turnover Turnover is measured al the lair value of the consKleralN)n received or receivable lor goods supplied and SerVe$ renoered, net ol discounts and Value A(kleO Tax. Revenue from the sale ol goods is reeognised when Ihe significant risks and rewards ol ownership have trallslerreo lo ine Duyer. usually on aespatch 01 the gootts. Ine amounl ot revenue can De meastjre reliably,. il is probatrje ihai ihe associated economic benelrts will Ilow lo the entity and the costs incurred UI LU Ue I11[1¥1 Ifl Ul Llle Ll4ltydbllU41b IlledbUIW l¢lldLhy. i axation The laxalion exnse reFYesenls the aggregate amount of cuffenl and deferred lax recognised in the ieponing pErioa. i ax Is recogniseo tn ine sialerTl oi comprenensive Incorne, exGepi to ine exiefli Inai it relates lo items recognisgd in other comprehensive income or directly in capital and reseNes. In this Current lax is r8cognised on taxable profil lor the cuffern and past pericrfjs. Current tax is measured al 111¢ (4111VUI Ui iaA eAVfbl¥ik IV Vay Ul I¢u¥1 Ill¥ Idi¥0 diiy law< illai I Idvv I ri iakniyu yi subslanlively enacled al the re'ng date. losses and other deferred lax assets are recTr3nised lo the extent Ihal il is probable that they will be measured using the lax rale5 and laws that have teen enacted or substantively enacted by the rpTrti AJt• thf•t •yrwhrtwl tn Jmlv In ihu rwprog1 nl th• +iminn rliHirpnra
Hobron School of Martial Art$ & Youth Club Ltd Year ended 30 September 2017 i angiDie as5eis Tangible assets are initially recorded at ¢051. arbJ are subsequently slated at cost kss any accumulated u¥yrebidllUII dlKJ IIIIP<iiriiieiii Ivbses. Any tangible assets carried al revalued amounts are recorded al the far value at the dale ol revaluation An increase in the carw'ng amount of an asset as a resurt ol a revaluation, is recognised in other revalualion decrease ol the same asset prevK)usly recognised in profil OT loss. A deciease in the the extent ol any prewously reccJnised revaluation irKrease accumulated in capital and resee$ in rpsnpnt nf th91 Whprp a rpv#1iiI}nn dprrpaop pYps¥rt th Apriimiilatprt rpvaliixtinn naino accumulated in cwtal and reserves in respect ol Ihal asset. the excess sh&1 be reCJnIseO in protil or loss. Depreciation is calculated so as lo wrrte off the cost OT valualion of an asset, less its residual value, 11 there is an in(lication that there has been a SigninI charwJe in depfeciation rate, useful life or rpqvliiAI vAliip nf t#nnihl•. 8¢è.ty thp rlgnrpr.iatirJn ig rw8prt nrnsrw.tivplv tn rp11. th npw pgtimalp IMl1Pnl A review lor indicators ol impairment is carried out al each reporting date, with the recoverable amount bpinn p.8rimAlprl whp.rp. 8iJe.h inrt*.Alnrs p.xist Whprp. thp r.arNnn valiip pxr.ppdt th6.b rpr.nvP.rah. amount, the assel is impaired accordingly. Prior impairments are also reviewed for possible reveTsal al each reportino dale. When il is not ssIble to estimate the reverable amount ol an indrvhyual asset, an estimate is made ol the recoverable amount ol the cash-oeneratinq unit lo which the asset belonos. The cash-aeneratinq unil is the smallest idenliliable group ol assets Ihal Includes the asset and generates cash inflows that afe largely independent ol the cash inflows from other assets or groups of assets. P•ge 9
Hebron Sch¢)ol of Martial Art8 & Youth Club Ltd AL_ Year ended 30 i•mber 2017 rinanciai Insiwmenis A financial assel or a tinarla1 lith'lity is recognised onty when the company becomes a paty lo the Basic financial inslrLbments are inilially recognised al the transacth?n e, unless the arrangement discounted at a market rale of interest lor a similaf debt inslrumerrt. Where inveslments in non-conveflible prelerence shares and n0n-Fttab1e ordinary shares or inveslmenl is subsequentty measured at lair value with changes in lair vJue recconised in profit or loss. All Other financial inslnjments, including derivatrves. are inibalty recthjnised al laii value. unless payment market rate, in which case the asset is measured at the present vakje ol the lulure payments Other linancial instruments e s)seqUen11Y measured at lair value. wf(h any changes recconised in rirntit nr Inpe wilh Ihr tsynaf%tinh nf inptrirnpTrl< in horhinn rrl2tinnehin Financial asse15 that are measured at cost or afflortised cost are reviewed lor objective evidence ol imnairmpnt At thp pnd nf rprnrfinn datr¥ 11 thwp it nhiprtivp pvwlg.nnp nf imngim)pnl impairrnenl loss is recognised in profil or loss immediately. Fnr All pnijitv in8triJmpnt% I*Arrt1PS nf sinniliranrp. and nth•.r 1tnanr.ial asvils that arp indivKliixllv significant, these afe assessèd individually for impairment. Other financial assets or either asseswi individuallv or orouped on the basis of similar credrt fisk charaeleTlStics. Any reversals of impairment are recognisecl In profit or loss immediately, lo the extenl that the reversal does not resuh in a ¢aTrying amount of the financial assel that exce&Js Wh ihe carrysng amount woukl have been had the impairment nol previously been recognised. Llmlted by guarant99 Loss before taxatlon Loss before taxats'on is stated after chargiWlcredttingl: Page10