JERRETTSPASS COMMUNITY HALL LIMITED Company Ilmited by guarantee Unaudlled tlnanclal slatements 31 March 2025 Page Directors, report Income slatemenl Slaiement ol financial position Notès to the financial slalarnenls Direclors The directors who served the company during the year wer as follows.. John Mcclenaghan Andrew Mollell Gillian Ferfls Frederick Ferris Anne Lutlon Small cornpany provlslons This reporl has been prepared in accordance with the pro companies axemplion. isions applicable lo companies entitled to the small Thls report was approved by the boaid ol directors on 27 ay 2025 and slgned on bghall ol the board by.. John Mcclenaghan Director Income Adminislralive expenses 3,720 13.0751 12,392 113,7561 Operating prof111{lossl 645 11,3641 other interesl receivable and similar income Prof Itl{10gs) lor the linanclal year 647 {1,3571 All the activities of the company ar8 from continuing operal ns. Fixed assets Tangible assets 384 512 384 512 Current assets Cash al bank and in hand 2,168 1.393 2,168 1,393 Nel current assets 2,168 1,393 Total assets less current Ilabllllle8 2,552 1.905 1,905 Nel assets 2,552 Capltal and reserves Profil and loss account 2,552 1,905 Members funds 2,552 1 ,905 For the year ending 31 March 2025 the company was e the Companies Act 2006 relating lo small companies. illed lo ex@mpiion from audit under section 477 01 Directors, responsibilities.. The members have not required Ihe company lo oblai question in accordance with section 476., The directors acknowledge their responsibilili&s lor co lo accounting records and the preparation ol financial s These financial slalemenls have been prepared in acco subject lo the small companies. regime and in accord Reporting Standard applicable in the UK and Republic ol an audit ol ils financial statements for the year in plying with the requirements ol the Act with respect alemenls. dance with the provisions applicable to companies nco vvilh Section 1A ol FRS 102 'The Financial eland,. John Mcclenaghan Director Gompany registration number.. N1625984 the registered ollice is Jerrellspass Community Hal , Tandragee Road, Jerrellspass, Nowry, Co. Down. BT35 6LY. Statement ol compllance These financial slalemenls have been prepared in 1 A, 'The Financial Reporting Standard applicable in ompliance with the provisions ol FRS 102, Section he UK and Rèpublic ol Ireland,. AccountSng pollcles Basls ol preparatlon The financial slalemenls have been prepared on th ol certain financial assets and liabililigs and invest or loss. historical cost basis, as modified by the revaluation onl properties measured al lair value through profil The financial slalemenls are prepared in sterling, w ich is the functional currency ol the entity. Income Income is derived from rent ol hall, fund raising acti ilies, donations and grants. Tanglble as8els Tangible assets are initially recorded al cost, and depreciation and impairment lossès. e subsequently slal8d al cost less any accumulated Depreclallon Doprecialion is calculated so as lo write oll the c over the useful economic lile of that asset as follo sl or valuation ol an asset, less ils residual value, Fillings, lixlures and equipment 25°/. reducing balance 11 there is an indication that there has been a si residual value ol tangible assets, the depreciation i nilicanl change in depreciation rate, useful life or revised prospeclively lo rellecl the new estimates. Impalrment A review loi indicators ol impairment is carried ou being estimated where such indicators exist. al each reporting dale, with the recoverable amounl here the carrying value exceeds the recoverable Basic financial instruments are initially recognise ¢onslilules a financing Iransaclion, where il is rec discounted al a market rale ol inleresl lor a similar al the transaction price, unless the arrangement nised al the present value ol the luluTe payments ebl inslrumenl. Debl inslrumenls are subsequently measured al a ortised cost. Financial assets that are measured al cost or am impairment al the end ol each reporting dale. impairment loss is recognised in prolil or loss imme rtised cost are reviewed lor objective evidence ol 11 there is objective evidence ol impairment, an lately. For all equity instruments regardless ol significa sigr)ilicanl, thes8 are assessed individually lor im individually or grouped on the basis ol similar credil e, and other financial ass8ls thai are individually airmenl. Other financial assets or either assess8d risk characlerislics. Any reversals ol impairment are recognised in pro does not result in a carrying amount ol the linancia have been had the impairmgnl not previously been l or loss immediately. lo the exlenl Ihal Ihe reversal asset that exceeds what the carrying amount would ecognised. Llmlted by guarantee The company is registered as a company limiled members undertakes lo contribute on a winding u as may be required not exceeding £1 . y guarantee not having a share capital. Each ol the lor payments ol debts and liabilities, such amount Tanglble assets Fixtures, fillings and equipment Total Cost At 1 April 2024 and 31 March 2025 Depreclatlon Al 1 April 2024 Charge lor Ihe year 3,255 3,255 2,743 128 2.743 128 (J74 Q074