5 May 2023 false No description of principal activity Taxfiler 2024.6.1 NI696933business:PrivateLimitedCompanyLtd2023-05-052024-05-31 NI6969332023-05-04 NI6969332023-05-052024-05-31 NI696933business:AuditExemptWithAccountantsReport2023-05-052024-05-31 NI696933business:FilletedAccounts2023-05-052024-05-31 NI6969332024-05-31 NI696933business:Director12023-05-052024-05-31 NI696933business:Director22023-05-052024-05-31 NI696933business:Director32023-05-052024-05-31 NI696933business:RegisteredOffice2023-05-052024-05-31 NI696933core:WithinOneYear2024-05-31 NI696933core:AfterOneYear2024-05-31 NI696933core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 NI696933core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 NI696933core:PreviouslyStatedAmount2024-05-31 NI696933business:SmallEntities2023-05-052024-05-31 NI696933countries:NorthernIreland2023-05-052024-05-31 iso4217:GBP xbrli:pure
Company Registration No. NI696933 (Northern Ireland)
GRACEHILL PROPERTY INVESTMENTS LIMITED Unaudited accounts for the period from 5 May 2023 to 31 May 2024
GRACEHILL PROPERTY INVESTMENTS LIMITED Unaudited accounts Contents
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GRACEHILL PROPERTY INVESTMENTS LIMITED Company Information for the period from 5 May 2023 to 31 May 2024
Directors
C Selwood M Selwood S Selwood
Company Number
NI696933 (Northern Ireland)
Registered Office
83 Gracefield Gracehill Ballymena BT42 2RP
Accountants
SJK 8 Bridge Road Moira Co. Armagh BT67 0PF
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GRACEHILL PROPERTY INVESTMENTS LIMITED Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Investment property
130,005 
Current assets
Debtors
150 
Cash at bank and in hand
36 
186 
Creditors: amounts falling due within one year
(566)
Net current liabilities
(380)
Total assets less current liabilities
129,625 
Creditors: amounts falling due after more than one year
(142,689)
Net liabilities
(13,064)
Capital and reserves
Called up share capital
150 
Profit and loss account
(13,214)
Shareholders' funds
(13,064)
For the period ending 31 May 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 31 January 2025 and were signed on its behalf by
C Selwood Director Company Registration No. NI696933
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GRACEHILL PROPERTY INVESTMENTS LIMITED Notes to the Accounts for the period from 5 May 2023 to 31 May 2024
1
Statutory information
GRACEHILL PROPERTY INVESTMENTS LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI696933. The registered office is 83 Gracefield, Gracehill, Ballymena, BT42 2RP.
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 remained unchanged from the previous period, and also 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.
4
Investment property
2024 
£ 
Additions
130,005 
At 31 May 2024
130,005 
The directors consider that the above value of investment property represents the market value at 31 May 2024.
5
Debtors
2024 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
150 
6
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
566 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
125,000 
Amounts owed to group undertakings and other participating interests
7,606 
Accruals
10,083 
142,689 
8
Average number of employees
During the period the average number of employees was 3.
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