Glenlynden Ltd NI676265 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the management of communal areas in the housing development known as Atlantic Road, Coleraine. The Company is a non profit making organisation Digita Accounts Production Advanced 6.30.9574.0 true NI676265 2023-03-01 2024-02-29 NI676265 2024-02-29 NI676265 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-02-29 NI676265 core:CurrentFinancialInstruments 2024-02-29 NI676265 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 NI676265 bus:SmallEntities 2023-03-01 2024-02-29 NI676265 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI676265 bus:FilletedAccounts 2023-03-01 2024-02-29 NI676265 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI676265 bus:RegisteredOffice 2023-03-01 2024-02-29 NI676265 bus:Director1 2023-03-01 2024-02-29 NI676265 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-01 2024-02-29 NI676265 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI676265 countries:NorthernIreland 2023-03-01 2024-02-29 NI676265 2022-03-01 2023-02-28 NI676265 2023-02-28 NI676265 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-28 NI676265 core:CurrentFinancialInstruments 2023-02-28 NI676265 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI676265

Glenlynden Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Glenlynden Ltd

(Registration number: NI676265)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

365

172

Cash at bank and in hand

 

500

310

 

865

482

Creditors: Amounts falling due within one year

5

(863)

(480)

Net assets

 

2

2

Capital and reserves

 

Called up share capital

6

2

2

Shareholders' funds

 

2

2

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2024 and signed on its behalf by:
 

.........................................
Mr Thomas Alderdice
Director

 

Glenlynden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 5 Shore Road, Greenisland, Carrickfergus, Co. Antrim, BT38 8UA.

These financial statements were authorised for issue by the Board on 16 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Amounts outstanding from residents

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

 

Glenlynden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Expense payments outstanding

trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

2024
£

2023
£

Other debtors

365

172

 

Glenlynden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals

863

480

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each of £1 each

2

2

2

2