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Company Registration No. NI695166 (Northern Ireland)
EGMC Property Ltd Unaudited accounts for the period from 7 March 2023 to 31 March 2024
EGMC Property Ltd Unaudited accounts Contents
Page
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EGMC Property Ltd Company Information for the period from 7 March 2023 to 31 March 2024
Directors
E McCrea G McLernon
Company Number
NI695166 (Northern Ireland)
Registered Office
204 Staffordstown Road Toomebridge Co. Antrim BT41 3NY
Accountants
SJK 8 Bridge Road Moira Co. Armagh BT67 0PF
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EGMC Property Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
13,573 
Investment property
258,904 
272,477 
Current assets
Debtors
309 
Cash at bank and in hand
6,390 
6,699 
Creditors: amounts falling due within one year
(10,542)
Net current liabilities
(3,843)
Total assets less current liabilities
268,634 
Creditors: amounts falling due after more than one year
(313,923)
Net liabilities
(45,289)
Capital and reserves
Called up share capital
100 
Profit and loss account
(45,389)
Shareholders' funds
(45,289)
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
G McLernon Director Company Registration No. NI695166
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EGMC Property Ltd Notes to the Accounts for the period from 7 March 2023 to 31 March 2024
1
Statutory information
EGMC Property Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI695166. The registered office is 204 Staffordstown Road, Toomebridge, Co. Antrim, BT41 3NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing rate
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 7 March 2023
- 
Additions
14,287 
At 31 March 2024
14,287 
Depreciation
Charge for the period
714 
At 31 March 2024
714 
Net book value
At 31 March 2024
13,573 
5
Investment property
2024 
£ 
Additions
258,904 
At 31 March 2024
258,904 
The directors consider that the above value of investment property represents the market value at 31 March 2024.
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EGMC Property Ltd Notes to the Accounts for the period from 7 March 2023 to 31 March 2024
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
209 
Amounts falling due after more than one year
Other debtors
100 
7
Creditors: amounts falling due within one year
2024 
£ 
Accruals
10,542 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
302,923 
Loans from directors
11,000 
313,923 
9
Loans to directors
The company owes £11,000 to the directors at year end. These loans are repayable on demand and non-interest bearing.
10
Average number of employees
During the period the average number of employees was 2.
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