Unaudited Financial Ststement for the Year Ende arch2018 Fellowshi Ltmite
hlink F Ilowshi Limited ntents of the Financial Statements for the Year Ended 31 March 2018 Page Cornpany Inforniation Statement of Fitwicial Position Notes to the Finaneial Statements
Fellowshi Limited Com Inforntion f r the Year Ended 31 Mawh 2018 DIRECTORS: M Turley Ms E Quinn SECRETARY.. Ms E Quinn REGISTERED OFFICE.. 16 Souih Link Belfast Co. Antrim BTI 18GX REGISTERED NUMBER: N1030357 (Northem Ireland) ACCOUNTANTS: Toman Accounian¢y Services Ltd Unit HF 9, Twin Spires Complex Howard Buildings 155 Northumberland Street Belfast Antrim BT13 2JF Page I
S'outhlink Fellowshi Limited Re istered n r.. N10303 Statement of FlAclaI Positi 31 March2018 31.3.18 31.3.17 Notes FIXED ASSETS Tangible assets 212,805 212.805 CREDITORS Amounts falling due within one year 7,905 7.665 NET CURRENT LIABILITIES (7,905) (7,665) TOTAL ASSETS LESS CURRENT LIABILITIES 204,900 205,140 CREDITORS Amounts falling du¢ after more than one year 17,145 17,145 NET ASSETS 187,755 187,995 RESERVES Incorne and expendits¢ account 187,755 187,995 187,755 187,995 The company 15 entitled to ¢xemption frorn audit under Section 477 of th¢ Companies Act 2006 for the year ended 31 March2018. The members have not required the company to obtain an audit of its fil1¢1#1 statements for the year ended 31 March 2018 in accordance with Section 476 (Trf the Compani¢5 Act 2006. The directors acknowledge their resw)nsibilities for. (a) ensuring that the company keeps accounting tpcords which comply with Sections 386 and 387 of the Companies Act 21J06 and Ib) preparing financial stat¢ments which giv¢ a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or defieil for each financial year in accordan¢e with the requirements of Se¢tions 394 and 395 and which otherwise comply with the requirements of the Companies Aci 2006 Jtlating lo financial stat¢ments. so far as applicable to ih¢ company. The financial statements have been prepared and delivered in accordance with th¢ provisions of Part 15 of the Companies Act 2006 relating io small companies. In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. The financial statements were upproved and authorised for issue by the Board of Directors on 18 December 2018 and were sied on its behalf by.. M Turley- Director Th¢ notes fomi part of these finan¢ial statements Page 2
Southlink F Limited Notes to the Financial Statement5 f r the Year Ended 31 March 2018 STATUTORY INFORMATION Southlink Fellowship Limited is & private company, IiTnited by guarantee. registered in Northern Ireland. The companys registered number and registered office address can be found on the Company Inforn]ation page. ACCOUNTING POLICIES Basis of preparing the financial statements These financial statements have been prepared in accordance wtth the provisions of Secti¢)n IA "Small Entities" of Financial Reporting Stsndard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The fanancial statements have been prepared under the hisiorieal cost convention. Tangible fixed assets Depreciation is provided at the following arLnual raÉes in order to write off ¢ach asset over its estimated usefvl life. Land and buildings Plant and machinery etc not provided not provided Taxation Taxation for the year comprises current and deferred tax. Tax is recognis¢d in the Income Statement, except to the extent that it relates to items recogtLiSed in other comprehensive income or d]relY in equity- Current or deferred taxation assets and liabilities are not discounted. Current tax is recognis¢d at the amount of lax payable using ihe tax rates and laws that have beett enacted or substantively enacted by the statement of financial position date. Deferred tax Def¢ed tax is recognised in respect of all timing differen¢es ihat have originated but not reversed at the statement of finan¢ial position date. Timing differences arise from the inclusion of in¢ome and expenses in tax assessments tn periods different from thos¢ in which they ar¢ recognised in finan¢ial statements. Deferred tax is measured using tax rate5 and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the r¢veTsal of the timing diffeTrn¢e. Unrelieved tax losses and other deferred tax assets are reeognised only to the extent that it is proboble that they will be recovered against the reversal of deferred t&% liabilities or other future twble profits. EMPLOYEES AND DIRECTORS The average number of employees during the year was NIL (2017- NIL). Page 3 continued...
ink Fellowshi Limi Noie5 to the Financial Statements- continued for the Year Ended 31 March 2018 TANGIBLE FIXED ASSETS Plant and ma¢hin¢ry etc Land and buildings Toia]s COST At l Apri12017 ond31 March2018 256,348 49,776 306,124 DEPRECIATION At l Apri12017 and 31 March 2018 46,030 47.289 93,319 NET BOOK VALUE Ai31 March2018 210,318 2,487 212.805 At31 March2017 210,318 2,487 212,805 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.18 31.3.17 Taxation and social security Other creditors 105 7,800 105 7,560 7,905 7.665 CREDITORS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 31.3.18 31.3.17 Oth¢r creditors 17,145 17,145 Page 4