ort of the Direct an Unau ited Fin cial Statemen for e Y Ended 31 March2019 Southlink ell shi Limited
Southlink Fellowshi tents of the Financta Statements the Year Ended 3 March 201 Pag¢ Company InforntIon Report of the Dir¢ctors Statement of Comprehensive Income Statement of FitMiciaI Position Statement of Changes in Equity Notes to the Financial Statements Report of the Ac¢ountsnts Detailed Income and ExpendiÉur¢ Account
outhlink Fellowshi ited Com f rtheye Inforniation ed 31 March201 DIRECTORS.. M Turley Ms E Quinn SECRETARY: Ms E Quit REGISTERED OFFICE: 16 South Link Belfast Co. Antrim BTII 8GX REGISTERED NUMBER.. N1030357 (Northern Ireland) ACCOUNTANTS.. Toman Aecouniancy Services Ltd Unit HF 9, Twin Spires Complex Howard Buildings 155 Northumberland Street Belf&%t Antrim BT13 2JF Page I
uthlink Fellowshi Limite Re ort of the Directo for the Year Ended l March 2019 Th¢ directors present their report with the financial statemenis of the company forthe year end¢d 31 March 2019. DIRECTORS Th¢ dir¢ctors shown below have held offic¢ during the whole of the period from l April 2018 to the date ofthis report. M Turley Ms E Quinn This report has been prepared accordance with the provisions of Part 15 of the Companies Act 2006 relalD)g to small ¢ompanies. ON BEHALF OF THE BOARD: M Turley- Director 13 December 201 Page 2
uthlink Fellowshi ited Statement of Com rehensive Jneome for the Year ded 31 March 2019 31.3.19 Notes 31.3.18 TURNOVER Administrative expenses 240 240 OPKRATING DEFICIT DEFICIT BEFORE TAXATION (240) (240) Tax on deficit DEFICIT FOR THE FINANCIAL YEAR 1240) (240) OTHER COMPREHENSIVE INCOME TOTAL COMPREHENSIVE INCOME FOR THE YEAR (240) (240) The notes forni part of these financial statements Pw3
Southlink Fell wshi Limited e istered number.. N10303 atement of Financial P ition 31.3.19 31.3.18 FIXED ASSETS Tangible assets Notes 212.805 212,805 CREDITORS Amounts falling due within one year NET CURRENT LIABILITIES 8,145 7,905 (8,145) (7.905) TOTAL ASSETS LESS CURREFrr LIABILITIES 204,660 204,900 CREDITORS Amounts falling due after mor¢ than one year 17.145 17.145 NET ASSETS 187.515 187.755 RESERVES Income and expenditure account 187,515 187,755 187,515 187.755 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019. The members have not requtred the company tg obtain an audit of its r]naneial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companie5 Aet 2006. The directors acknowledg¢ their responsibilities for.. (a) ensuring that the company keeps accounting records which eomply with Sections 386 and 387 of the Companies Aci 2006 and (b) preparing financial statements which give a true and fair view of the stat¢ of afFdirs of the company as at the end of each fthancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 2nd which otherwise comply with the requirements of the Cornpanies Act 2006 relating io financial Statements. so far as applicable to the company. The financial statements have been prepared in accordan¢e with the provisions applicable to eompanie$ subject to the small companies regime. The financial Statellnts wer¢ approved and authorised for issue by the Board of Directors on 13 December 2019 and were signed on its behalf by.. M Turley- Director The notes form part of these financial statemeJTrts Page 4
Irnk Fellowshi mited Statement of Chan esinE ui for the Ye Ended 31 March 2019 Retatned eamings Totsl equity Balanee at l Aprll 2017 187,995 187.995 Change5 In equity Total comprehensive income (240) (240) Balance at 31 Mayeh 2018 187,755 187,755 Changes in equity Totsl ¢omprehell5ive tucom¢ 1240) (240) Balan¢e at 31 Marcb 2019 187,515 187.515 The notes forni part of these financial statements Page 5
Southlink F lowshi Limited otes to the Financial tatements fo the Year Ended 31 March 2019 STATUTOR Y INFORMATION Southlink Fellowship Litnited is a private company, limited by guarantee. registered in Northern Ireland. The eompany'5 registered number and registered office address can be found on the Company Infomiah'on page. ACCOUNTING POLICIES Basis of preparing the financial statements These financial statements have been prepared in accordance with Finan¢ial Reporting Standard 102 'Th¢ FinaTt¢ial Reporttng Standard applicable tn the UK and Republic of Ireland" including the provisioDS of Section IA "Small Entities" and the Companies Act 2006. The financial statements have been prepaEd under the histori¢al Cost Convention. Tangible fixed assets Depreciation is provided at the followiJ)g annuaI rates in order to write off ea¢h asset over its esttnydted ¢fiJI life. Land and buildings Plant and machinery etc not provided not provided Taxation Taxatton for the year comprises current and deferred tsx. Tax is recogtti5ed in the Income Statem¢n¢ except to the ¢xtent that it relates to item5 re¢ognised in other comprehensive income or directly in equity. Current or deferyed taxation assets and liebiliti¢s ar¢ not diseoutjted. Current tax is recognised at the amount of tax payable v5ing the tax rdtes and law5 that have been enacted or substantively enacted by th¢ statement of f]nartcial position date. Deferred tax DefeTred t&Y is recognised in respect of all timNJJg differences that have originated but not reversed at the statement of financial position date. Timing differenees arise fron) the inclusion of tncome and expenses ID tax assessments in periods diffeTent from those in which they are re¢ognised in FancIal statements. Defetred tax is measured using tax rates and laws that have been enacted or substantivety enacted by the year end and that are expected to apply to the reversal of the ttming difference. UelIeved tsx losses and other deferred tax assets are reco]sed only to the exlent that it ts probable that they will be recovered against the reversal of defetted tax liabilities or other future taxable profits. EMPtLIYEES AND DIRECTORS The average number of employees during the year was NIL (2018 - NIL). TAXATION Analysis ofthe tsx charge No liability to UK ro4)oraiion tax arose for the year ended 31 March 2019 nor for the ye8r ¢nded 31 March 2018. PaRe 6
Southlink Fe lowshi Limited Note5 to the Financial Statements- conttnu for th¢ Year Ended 31 Mar h2019 TAXATION- continued Reeoneiliation oftotsl tax charge ineluded In profit and loss The tax assessed for the year is higher than the standard rdte of Co0tIon tsx in th¢ UL The difffftce is explained below.. 31.3.19 Defi¢it before tsx 31.3.18 Deficit multiplied by the standard rate of CoOratIOn tax in the UK of I9Y• (2018- 19Yo) (240) (240) Effects of: Losses ¢arried forward (46) (46) Total tax charge 46 TANGIBLE FIXED ASSEIS L4nd and buildings Plant and machinery etc COST At l Apri12018 and31 March2019 Totals 256,348 49,776 DEPRECIATION At l April 2018 and31 March2019 306,124 46.030 47,289 NET BOOK VALUE At31 March2019 93.319 210.318 2.487 At31 Mar¢h2018 212,805 210,318 2,487 212.805 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.19 Taxation and social security Other creditors 31.3.18 105 8,040 105 7.800 8,145 7,905 CREDITORS: AMOUNTS FALLING DUE ArfER MORE THAN ONE YEAR 31.3.19 Other creditors 31.3.18 17,145 17,145 Page 7
Southlink Fel Limited e Accountonts to Fellowshi e Directors of As described on the Statement of Financial Positio[] you are responsible for the preparation of the financial statements for the year ended 31 March 2019 set out on page5 three to seven aad you consider that the ¢ompany 15 exejnpt from an audit. In accordance with your instructions, we have compiled thoe unaudited financial statements in order to assist you to fulfil your statutory responsibilities. from the accounting records and infomtation and explanations supplied lo us. Toman Accountancy Services Ltd Unit HF 9, Tw2n Spire$ Complex Howard Buildings 155 Northumberland Street Belf&st Antrim BT13 2JF 13 De¢ember 2019 This page does not fom part of the ststutory financial statements Page 8
Southlink F Ilowshi Limi Detailed Income and Ex enditure A¢count for the Year Ended 31 March 201 31.3.19 31.3.18 Ineojne Expenditure Accountancy 240 NET DEFICIT (240) (240) This page does noi forni part of the stalutory financial statements Page 9