Relate AccountsProduction v2.6.3 v2.6.3 2022-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the period was that of property development and rental. 20 February 2024 2 2 NI642771 2023-10-31 NI642771 2022-10-31 NI642771 2021-10-31 NI642771 2022-11-01 2023-10-31 NI642771 2021-11-01 2022-10-31 NI642771 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI642771 uk-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI642771 uk-bus:AbridgedAccounts 2022-11-01 2023-10-31 NI642771 uk-core:ShareCapital 2023-10-31 NI642771 uk-core:ShareCapital 2022-10-31 NI642771 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI642771 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI642771 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI642771 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-31 NI642771 uk-bus:FRS102 2022-11-01 2023-10-31 NI642771 2022-11-01 2023-10-31 NI642771 uk-bus:Director1 2022-11-01 2023-10-31 NI642771 uk-bus:Director2 2022-11-01 2023-10-31 NI642771 uk-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI642771
 
 
Geno Property Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 October 2023
Geno Property Ltd
Company Registration Number: NI642771
ABRIDGED BALANCE SHEET
as at 31 October 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 178,070 178,070
───────── ─────────
 
Current Assets
Debtors 1,403 1,078
Cash and cash equivalents 1,829 864
───────── ─────────
3,232 1,942
───────── ─────────
Creditors: amounts falling due within one year (126,300) (115,037)
───────── ─────────
Net Current Liabilities (123,068) (113,095)
───────── ─────────
Total Assets less Current Liabilities 55,002 64,975
 
Creditors:
amounts falling due after more than one year (43,171) (54,680)
───────── ─────────
Net Assets 11,831 10,295
═════════ ═════════
 
Capital and Reserves
Called up share capital 10 10
Retained earnings 11,821 10,285
───────── ─────────
Shareholders' Funds 11,831 10,295
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 20 February 2024 and signed on its behalf by
           
________________________________     ________________________________
Mr. Anthony Feeney     Mr. Martin O'Neill
Director     Director
           



Geno Property Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 October 2023

   
1. General Information
 
Geno Property Ltd is a company limited by shares incorporated in Northern Ireland. 44 Cadian Road, Eglish, Dungannon, Co. Tyrone, BT70 1LY, Northern Ireland is the registered office, which is also the principal place of business of the company . The nature of the company's operations and its principal activities are set out in the Directors' Report.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 October 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Administrative 2 2
  ═════════ ═════════
       
4. Tangible assets
  Investment Total
  properties  
     
  £ £
Cost
At 1 November 2022 178,070 178,070
  ───────── ─────────
 
At 31 October 2023 178,070 178,070
  ───────── ─────────
Depreciation
At 1 November 2022 - -
  ───────── ─────────
At 31 October 2023 - -
  ───────── ─────────
Net book value
At 31 October 2023 178,070 178,070
  ═════════ ═════════
At 31 October 2022 178,070 178,070
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2023.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.