PoyntZPASS Community Regeneration Company Limited (A tompaThy Ilthlt¢d by 8uaraDt¢¢ Dot havlnl • &h•re t•plt•ll Financial statements for the year ended 31 August 2025 (unaudited) Regl8trAtlon No: Nl 40376
Poynl¥Jws Comnwnty Regenerdtson Compony Limlred FlnanCwststenntsfOf theyear ended31 Augusl 2025 1unoudlÉed) Company infomation Statement of Financial Aotivities Balanc¢ Shect Notes to the financial statements 4-10
Poynlzpqs5 Community Regenernilon Coryllny LInled Flllanclol slqlements ¢&r thded31 A $12025 Page J n&udlled Company information Dlrectors Soli¢itor8 J Morrow J Mcveigh M Mcveigh C Sterritt G Crilly R Patel Gillen & Co. Solicitors 3a Old Kenlis Street Banbridge Co. Down BT32 3LR Secretary Bankers J Waddell Danske Bank 58 Hill Street Newry Co. Down BT34 IAR ReKl$tered Offlce 'The Meeting Place" 16-18 ChUh Street Poyntzpass Newry Co. Down BT35 6SW
PoyMizp&ss Coffimunty Rnra11Ort Conwamy LIMtied FIAllneknlstrfthients or ihe eqr endÉd31 Au Mst 2025 (uA&udhed Poge 2 Statement of Financial Activities Notes 2025 Unrestricted 2025 Reslricted 2025 Total 2024 Tot1 Income Grants Investment income Total Income 15.642 16J73 Expertdlture Raising funds (hher expendiiure Total Expendlture 788 788 297 Net Incomel(expendlture) before tax for the reportln8 perlod Tax payable Net Ineomel(¢xptndllure) *fter tax before Invesiment 8alnsl(losse8) Net gaillslllosses) on investments Net incomel(expenditure) Extraordlnary item5 Tr8nsfer5 between funds Other reeoittlkd 8#lns / (1055es): Gains and losses on revaluation of fixed assets for the charity's own use Other 8dinsl(losses) Net movement In totAI thnds for the year (2,655) (2,751) (5,4116) (38J67) (2,655) (2.751) (5,406) (38,367) (2,655) (2,751) (5.406) (38J67) 38 Retonelllatlon of tsnds: Funds brought forward 8.686 Funds carrled lorward
Poyntyjoss Conftmuftity Kegeueralion Llmiied Finaneiulstulements ear ended31 A SI 2025 Po¥È 3 Balance Sheet Notes 2025 2024 Flxed assets Property, plant and equipment 1,739 4.490 Current assets Debtors Cash at bank and in hand 13 16 1,560 5,470 7,030 4,841 4,841 Credltors: arnounts falllng due wlthln one year 14 57,636 57.170 Net eurr¢nt os$ets (52,795) {50,140) Tolal assets less eurrent liabillti (51,056) {45,6501 Provl$loDy for Ilabllltles and char8eg 30,1100 30,0(MI Net asgets {81,056) (75,650) Funds Unrestricted General Restricted 6,041 8,696 (87,097) (84,346) (51,046) (75,650} For the year ending 31 August 2025, the dire¢tors of the company have token advan¢age of rhe exemption from audit under section 477(2} of the Companies Act 2006 rel81ing to the small Companies, r¢gime. The mernbers have not required the company to obtain an audit of these accounts in accordonce with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying wilh the requirements of the Cornpanies Act with respe¢t to accountin8 records and rhe preparation of accounts. These accounts have been prepared in accordance with ihe provisions applicable to small companies subject to the small eompanies, regime 2nd in ac¢ordance with FRS102 SOEiP. Approved by the board of directors on 28 MAY 2026 and signed on its behalf by.. Reggie P4tel Dire¢lor 28" May 2026 The notes on pages 4 to 10 fonn part of these abbreviated financial ststements
PoyMITwass Conthiunty Rexenerqiknn Coryany Limited FiMdnclolsÉ&ientents or ihe veor ended31 Au 12025 (unaudlled) Page 4 Notes to the financial statements l. Basis of Preparation Poyntzpass Community Regeneration Company Ltd is a company incotTrorat¢d ID Northern Ireland. The Company's financial ststements have been prepared in compliance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") as it applies to the financial statements of the Company for the year ended 31 Augusi 2025. The Company Iransiiioned from previously extant UK GAAP to FRS 102 as of I September 2014. No transition adjustments are required on the transilion to FRS 102. Basts of accounling These a¢¢ounls h&ve been prepared under the historical cost convention with items reco8nised at ¢ost or transaction valu¢ unl¢s5 otherwise stated in the relevant note(s) to these accounts. The financial statements are prepared in accordance with the Statement of Recommended Practice.. Accounting and RetK)rting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. Golng concern The Company's unrestricted expenditure exceeded its income during the year ended 31 August 2024 and. at that dale. the Company's liabilities exc¢¢d¢d its &ssets. After making enquir1, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly* they continue to adopt th¢ going concern basis in preparing the financial slalemertts. The a¢¢ounls present a true and fair view and no chan¥es have been made to the accounting policies adopted in note 2. No material prior year errors hAve been identified in the reporting period (3.47 FRS102 SORP). 2. Accounting Polieies This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed below. Income Recognition of income Income 15 included in th¢ Statement of Financtal Activities (SOFA) when.. the charity becomes entiiled to the resources. it is more likely than not that the trustees will receive the resouwes. the monetary value can be measured with 5uificient reliability. Offset¢lllg There has been no offsetting of assets and liabilities. or income and expenses, unless required or perniitted by the FRS 102 SORP or FRS 102.
Poyn17WQS5 Conimunity Regemerolion Compolly Limited Finuncial slqlements rlhe ear ended31 AM usl 2025 Pale 5 nuudiled Granls gnd donations Grants and donations are only included in the SOFA when the geneTal income recognition criteria are met (5.10 10 5.12 FRS102 SORP). Igac]eS There are no legacies recogni5ed in the SOFA. Government grant5 The charity has received no government grants in the Teporting period. Donated goods, serviees and facilities There are no donated goods. Services or facilities recognised in the SOFA. Support costs The charity has incurred expenditure on support costs. Volunteer help The value ofany voluntary help received is not included in the accounts but is described in the Directors, annual report. Income from Interest. royAliles and dlvldends This is included in the accounts when receipt is probable, and the amouni receivable can be measured reliably. Income from membership 9ubscrfp¢lons There arc no membership subscriptions included in the SOFA. Settlement of Insurance ¢lalms Insurance claims are only in¢luded in the SOFA when th¢ general income recognition criteria are met {5.10 to 5.12 FRS102 SORP) and are included as an item of other income in Ihe SOFA. There are no insurance claims included in this year's SOFA. Investment gains rlnd Ioy5e¥ This includes any reali5ed or unTealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value al the end of the year. Expenditure and liabilities Llablllty recognition Liabilities are r¢cognis¢d where it is more likely than not that there is a legal or constrnctive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and Jmpport costs Support costs have been allocated to other expenditure. Governance costs comprise all costs ' involving public accountability of the chartty and ils compliance with regulation and good practi¢¢. Redundgney eogt Th¢ ¢ompany made no redundancy payments during th¢ reporting period. The company had no employees. Deferred income No material item of deferred income has been included in the accounls.
Poynizpdss Community Regenerolion coMnY Limited Flndnciolsttziélneuts eareNdedJlAu SI 2025 (unaudiied Pqge 6 Creditor5 The charity has creditors which are measured at settlement amounts less any trade discounts. Provisions for liabiliti A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount r¢quired to settle the obligation at the reporting date. Assets Tangible fixed 48set8 for u9e by cbarlty These are capitalised if they can be used for mor¢ than one year. They are valued at C05t. The depreciation rates and methods used are disclosed in note 8. Intangibl¢ fixed wsets The company doe5 not currently have intangible fixed assets. Htritaze fixed asge¢8 The eomp4ny does not currently have herita fixed assets. Inveslmellts The company does not currently have inv¢stm¢nt5. Stoeks and works in progress The company does not currenily hold stock or work in pro8ress. Debtors Debtors (including trade debtors and loans receivable) are measured on inilial reco8nition at settlement Amount after any trade discounts or amount Advanced by Ihe company. Subsequently, they are measured al the cash or other considcration expe¢ted io be received. Current A58et investmen18 The charity has investments in cash and cash equivalents with a maturity dat¢ less than one year. Otber poll¢les The company currently has no other accounting policies.
Poynl¥pass Communty Rezeneralion Coryony Limiied Finamclalslttiemettts or ihe vear ended31 A $12025 (Unizudlied) Pqze 7 3. Income 202S 2025 Re5trlcted 2025 Totgl 2024 Total Unrtstricted Ineome from Investments Grdnts Income Intere51 income Rental income Incorne from 501ar Total Income 15.255 382 15,642 15,255 382 15,642 15,517 847 10.373 All items above have a base currency of GBP, 4. Expenditure 2025 Unrestrleted 2025 Restrlcted 2025 Total 2024 Total Expendlture on r418lni fundi Rent colleciion & management charges Total expenditure on ralslng fund$ 788 788 788 423 S¢par#ts mthttrl•l items of expense Property heating & lightin¥ Property insur#nce Propeny mainienance Property running expenses Property Dcvelopment Totsl Sep*rate material Items of exp¢rts¢ 5,140 280 5,656 6,256 126 S140 280 S,656 6,256 126 6,714 1,558 6,514 5,149 Other expendltyre Asset depreciation Funding interest Bank charges Ststytory Fees Total other expenditure 2,751 2,751 33,914 51 51 48 Totol Expenditure 21,048 S. Details of fees in expenditure 2025 2024 Independent examiner's fees Assurance s¢rvi¢¢s other than independent ¢Wdmination Tax advtsory fees Other fee5 6. Paid employees The company ha5 no paid employees.
PoyntyJtTSS Community Regeneralion Compufty Llmiled Fthanclul stalememts eor ended 31 A 12025 14noMdiledJ Page 8 7. Grantmaking The company made no gr&llts or donations which in aggr¢gate lorni a material part of the activities undertaken. 8. Tangible fixed assets Llllld & Fixtures Buildings & Fittings Total Cost At I September 2024 Additions Revaluation5 Disposals Trnnsfers At 31 AuguJ¢ 2025 655,449 40.716 696.165 655.449 40,716 696.165 Depreciath)n At I Seplemb¢r 2024 Disposals Charge for the year Impaiment Transfers At 31 August 2025 650,959 40,716 691.676 2,751 2,751 653.710 40,716 694,426 Ntt book vAlue At 31 August 2025 At 31 August 2024 1.739 4,490 1,739 4.490 Land and buildings are depreciated at 50/0 per annum on cosi, on a strai8ht-line basis. Fixtures and fitting are depr¢¢iat¢d at 2/0 per annum, on a straight-line b8si5. 9. Intsngible fixed assets The company has no intangible fixed assets. 10.Heritage assets The company has no heritage assets. I l. Investment fixed assets The company has no investment fixed assets. 12. Stocks and works in progress The Company holds no stocks or work5 in progress for the PUryK)ses of resale.
Poynttpws Community Regeneraliom Company Llmlléd Financlalsthiememts e4r ended31 A $12025 (un&udlied) Page 9 13. Debtors and prepayments 2025 2024 Amountsfalling due wiihin one year Accrued income & Prepayments 1.560 1.560 The company have no assets receivable after l year. 14. Creditors: amounts falling due within one year 2025 2024 mounfsfalling due within one year Trade creditors Accruals Taxation Other creditors 156 55,846 56,469 1,167 57 36 The company ha5 no deferred income. 15. Provisions for liabilities and charges The comp8ny has a loan from a locY41 authority. The local authority has indi¢4t¢d that the loan is not repayable. It remain5 a liability as the lo¢al authority ha5 not officially confimied this writing. Movemenls inprovisions during iheperlod iA)*ll from lotal Authorlty BalAnee at I September 2024 Additions Amounts charged to provisions Unused amounis trdTr5feed to creditors fallin8 due within l year Balance Ydt 31 August 2025 30,000 16. Cash at bank and in hand 2025 2024 Short tem) cash investm¢nls {less than 3 months maturity date) Short tem) deposits Cash at bank and on hand Other Total 4,841 5,470
Poynl4otsss Coinmunity Regeneralion Company Limiled Fln&neiulsiol¥iiwnts ear ended3J Au st2025 Page JO naudiled 17. Fair value of assets and liabilities In the opinion of the Directors, the valuation of the company's assets is not at an extremely low risk in relation to Credit, liquidity or market Tnovem¢nts. PropeTty in tangible fixed assels hav¢ not been revalued since their capilalisation in 2004. 18. Events after the end of the reporting period There are no material events iTnpacting the business occurring after the end of the reporting period, bul before the accounts are authorised, which rel&te to conditions that arose after the end of the reporting period. 19. Transactions with directors, trustees and related parties There arc no material transactions with directors, trustees and related parti¢s.