BrightAccountsProduction v1.0.0 v1.0.0 2022-11-01 The company was not dormant during the period The company was trading for the entire period The Principal Activity of the business is that of letting and operating of own or leased real estate. 29 July 2024 1 1 NI673285 2023-10-31 NI673285 2022-10-31 NI673285 2021-10-31 NI673285 2022-11-01 2023-10-31 NI673285 2021-11-01 2022-10-31 NI673285 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI673285 uk-curr:PoundSterling 2022-11-01 2023-10-31 NI673285 uk-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI673285 uk-bus:FullAccounts 2022-11-01 2023-10-31 NI673285 uk-bus:Director1 2022-11-01 2023-10-31 NI673285 uk-bus:Agent1 2022-11-01 2023-10-31 NI673285 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 NI673285 uk-core:ShareCapital 2023-10-31 NI673285 uk-core:ShareCapital 2022-10-31 NI673285 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI673285 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI673285 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI673285 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-31 NI673285 uk-bus:FRS102 2022-11-01 2023-10-31 NI673285 uk-core:WithinOneYear 2023-10-31 NI673285 uk-core:WithinOneYear 2022-10-31 NI673285 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI673285
 
 
Granagh Homes Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 October 2023



Granagh Homes Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Maura Catherine O'Mullan
 
 
Company Registration Number NI673285
 
 
Business Address 98 Glenbuck Road
Rasharkin
Ballymena
Antrim
BT44 8SJ
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom



Granagh Homes Ltd

CHARTERED ACCOUNTANTS' REPORT
to the Director on the Compilation of the unaudited financial statements of Granagh Homes Ltd
for the financial year ended 31 October 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 October 2023 as set out on pages  to 8 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of Granagh Homes Ltd, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 October 2023 your duty to ensure that Granagh Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Granagh Homes Ltd. You consider that Granagh Homes Ltd is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Granagh Homes Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
29 July 2024



Granagh Homes Ltd
Company Registration Number: NI673285
STATEMENT OF FINANCIAL POSITION
as at 31 October 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 326,510 326,510
───────── ─────────
 
Current Assets
Debtors 5 - 1,400
Cash and cash equivalents 53,008 35,129
───────── ─────────
53,008 36,529
───────── ─────────
Creditors: amounts falling due within one year 6 (358,796) (351,601)
───────── ─────────
Net Current Liabilities (305,788) (315,072)
───────── ─────────
Total Assets less Current Liabilities 20,722 11,438
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 20,622 11,338
───────── ─────────
Equity attributable to owners of the company 20,722 11,438
═════════ ═════════
 
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).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's 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 director confirms 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 director acknowledges 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 Director and authorised for issue on 29 July 2024
           
           
________________________________          
Maura Catherine O'Mullan          
Director          
           



Granagh Homes Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 October 2023

   
1. General Information
 
Granagh Homes Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI673285. The registered office of the company is. The Principal Activity of the business is that of letting and operating of own or leased real estate. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
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 financial 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 Income Statement 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 Income Statement.
 
Taxation and deferred 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 Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1.
 
  2023 2022
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Property, plant and equipment
  Investment Total
  properties  
     
  £ £
Cost
At 1 November 2022 326,510 326,510
  ───────── ─────────
 
At 31 October 2023 326,510 326,510
  ───────── ─────────
Depreciation
At 1 November 2022 - -
  ───────── ─────────
At 31 October 2023 - -
  ───────── ─────────
Net book value
At 31 October 2023 326,510 326,510
  ═════════ ═════════
At 31 October 2022 326,510 326,510
  ═════════ ═════════
       
5. Debtors 2023 2022
  £ £
 
Trade debtors - 1,400
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors - 864
Taxation  (Note 7) 2,412 2,593
Director's current account 354,589 347,379
Other creditors 975 -
Accruals 820 765
  ───────── ─────────
  358,796 351,601
  ═════════ ═════════
       
7. Taxation 2023 2022
  £ £
 
Creditors:
Corporation tax 2,412 2,593
  ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2023.
   
9. Director's advances, credits and guarantees
 
As at 1st November 2022, the company owed its directors £347,379. During the period net transactions between the company and its directors totalled £7,210. As at 31st October 2023 the company owed the Director £354,589. This amount is interest free and repayable on demand.
   
10. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.