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REGISTERED NUMBER: R0000639 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Ballygarvey Investments Limited

Ballygarvey Investments Limited (Registered number: R0000639)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ballygarvey Investments Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: S W Patterson
Mrs M S Patterson
P R G Taylor
M B Taylor
R Morton



SECRETARY: M B Taylor



REGISTERED OFFICE: 100 Ballygarvey Road
Broughshane
Ballymena
Co. Antrim
BT43 7JX



REGISTERED NUMBER: R0000639 (Northern Ireland)



ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH



SOLICITORS: McKervill Neilly
1 Broadway Avenue
Ballymena
Co Antrim
BT43 7AA

Ballygarvey Investments Limited (Registered number: R0000639)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 6,359,980 6,504,184
Investment property 5 948,000 948,000
7,307,980 7,452,184

CURRENT ASSETS
Debtors 6 6,317 4,108
Cash at bank 188,661 624,733
194,978 628,841
CREDITORS
Amounts falling due within one year 7 (29,013 ) (29,050 )
NET CURRENT ASSETS 165,965 599,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,473,945

8,051,975

CREDITORS
Amounts falling due after more than one
year

8

(46,500

)

(46,500

)

PROVISIONS FOR LIABILITIES 9 (701,940 ) (627,736 )
NET ASSETS 6,725,505 7,377,739

CAPITAL AND RESERVES
Called up share capital 142,500 142,500
Retained earnings 6,583,005 7,235,239
SHAREHOLDERS' FUNDS 6,725,505 7,377,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

Ballygarvey Investments Limited (Registered number: R0000639)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





M B Taylor - Director


Ballygarvey Investments Limited (Registered number: R0000639)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Ballygarvey Investments Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Ballygarvey Investments Limited (Registered number: R0000639)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2022 6,504,184
Additions 1,276,900
Disposals (1,026,957 )
Revaluations (394,147 )
At 31 July 2023 6,359,980
NET BOOK VALUE
At 31 July 2023 6,359,980
At 31 July 2022 6,504,184

Cost or valuation at 31 July 2023 is represented by:

Other
investments
£   
Valuation in 2023 6,359,980

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 948,000
NET BOOK VALUE
At 31 July 2023 948,000
At 31 July 2022 948,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,004 4,016
VAT - 92
Prepayments and accrued income 313 -
6,317 4,108

Ballygarvey Investments Limited (Registered number: R0000639)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 770 -
Trade creditors - 556
Tax 17,638 19,202
Social security and other taxes (124 ) -
VAT 1 -
Accruals 10,728 9,292
29,013 29,050

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Preference shares 46,500 46,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 46,500 46,500

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 701,940 627,736

Deferred
tax
£   
Balance at 1 August 2022 627,736
Provided during year 74,204
Balance at 31 July 2023 701,940