Company registration number: N1625984 JERRErrspASS COMMUNITY HALL LIMITED Company Ilmited by guarantee Unaudited finan¢ial statements 31 March 2024 JERREThSPASS COMMUNITY HALL LIMrrED Company limited by guarantee Contents Page Directors, report Income ststement Statemenl of financial Positlon Note5 to the financial stslemenls JERRETTSPASS COMMUNITY HALL LIMITED Company limited by guarantee Dirèctors. report Year ended 31 March 2024 The directors present their report and the unaudtted financial statements of the company for the year ended 31 March 2024. Directors The directors who seNed the company during the year were as follow5.. John McClÈnaghan Andrew Moffett Gillian Ferris Frederick Ferns Anne Lutton Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. This report wa5 approved by the boaTd of directors on 30 Apra 2024 and signed on behalf of the board by. hn Mcclenaghan DireGtor Page 1 JERRETTSPASS COMMUNITY HALL LIMITED Company limited by guarantee Income statement Year ended 31 March 2024 2024 2023 Note Income Administrative expenses 12,392 (13.756) 3,575 (3.577) {2) Op6ratlng loss (1,364) Other interest receivable and similar income (Lossllprofit for the financlal year (1.357) All the activities of the company are from continuing operations. The notes on pages 5 to 6 fom) part of these financlal statements. Page 2 JERRETTSPASS COMMUNITY HALL LIMITED Company Ilmited by guarantee Statement of flnancial position 31 MarGh 2024 2024 2023 Note Flxed assets Tangible assets 512 683 512 683 Current assets Cash al bank and in hand 1.393 2.579 1,393 2,579 Net current assets 1,393 2,579 Total assets less current Ilabilities 1.905 3,262 Net assets 1.905 3,262 Capltal and reserves Profil and loss account 1,905 3,262 Members funds 1.905 3.262 For Ihe ye8r ending 31 March 2024 the company was entilled to exernption from audit under section 477 of the Companies Acl 2006 relating to small Companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statemenis for the year in question In accordance wilh section 476., The directors acknowledge Iheir responsibilits'es for complying wth the requirements of the Act wilh respect to arxounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland.. The notes on pages S to 6 fomi part of these finanGial statements. Page 3 JERRETTSPASS COMMUNITY HALL LIMITED Company limited by guarantee Statement of flnancial posltion (continued) 31 March 2024 These financial statemenls were approved by the board of directors and authorised for issue on 30 April 2024, and are 5i9ned on behalf of the board by. John Mcclenaghan Director Company registration number. N1625984 The notes on pages 5 to 6 ft>rni part of thè$9 financtal statomenls. Pagè 4 JERRErrspASS COMMUNITY HALL UMITED Company limlted by guarantee Notes to the financial statements Year ended 31 March 2024 General information The company is a private company limited by guarantee. registered in Northern Ireland. The address of the registered office 15 JeTrettspass Community Hall, Tandragee Road. Jerrettspass. Newry. Co. Down. BT35 6LY. statement of compliance These financial statements have been prepared in compliance wtlh the provisions of FRS 102, Secllon 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland,. Accounttng policies Basis of preparation The financial ststements have been prepared on Ihe historical cost basis. a5 modified by the revaluatlon of certain financial assets and liabilities and investment properties measured al fair value through profit or loss. The financial statements are prepared in sterling. which is the funciional currency of the entity. Income Income 15 derived from rent of hall. fund raising activities. donations and grants. Tanglble assets Tangible assets are initially recorded at cost, and are subsequently slated at cost less any accumulated depreciation and impaimient losses. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an assec less its residual value, over the useful economic life of that assel as follows: Fittings. fixture5 and equipment 250 reducing balance If there is an indication thal Ihere has been a significant change in depreciation faie, useful life or residual value of tangible assets, the depreciation is revised prospectively lo reflect the new eslimales. Impa5rment A review for indicators of impaimient is carrted out at each reporting date, with Ihe recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairmenls are also reviewed for possible reversal at each reporting date. Limited by guarantee The company is registered as a company limited by guarantee not having a share capital. Each of the members underlakes to contribute on a winding up. for payments of debts and liabilities, such amount as may be required not exceeding £1. Page 5 JERRETTSPASS COMMUNITY HALL LIMITED Company limited by guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Tanglble assets Fixtures, fittings and equipment Total Cost At 1 April 2023 and 31 March 2024 3.255 3,255 Depr¢Giation Al 1 April 2023 Charge for the year 2,572 171 2,572 171 At 31 March 2024 2.743 2,743 Carrying amount At 31 March 2024 512 512 At 31 March 2023 683 683 Page 6