1 June 2023 false No description of principal activity Taxfiler 2024.7 NI669726business:PrivateLimitedCompanyLtd2023-06-012024-05-31 NI6697262023-05-31 NI6697262023-06-012024-05-31 NI669726business:AuditExemptWithAccountantsReport2023-06-012024-05-31 NI669726business:FilletedAccounts2023-06-012024-05-31 NI6697262024-05-31 NI669726business:Director12023-06-012024-05-31 NI669726business:RegisteredOffice2023-06-012024-05-31 NI6697262023-05-31 NI669726core:WithinOneYear2024-05-31 NI669726core:WithinOneYear2023-05-31 NI669726core:AfterOneYear2024-05-31 NI669726core:AfterOneYear2023-05-31 NI669726core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 NI669726core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 NI669726core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 NI669726core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 NI669726core:PreviouslyStatedAmount2024-05-31 NI669726core:PreviouslyStatedAmount2023-05-31 NI669726business:SmallEntities2023-06-012024-05-31 NI669726countries:NorthernIreland2023-06-012024-05-31 NI669726core:FurnitureFittings2023-06-012024-05-31 NI669726core:LandBuildings2023-05-31 NI669726core:FurnitureFittings2023-05-31 NI669726core:LandBuildings2023-06-012024-05-31 NI669726core:LandBuildings2024-05-31 NI669726core:FurnitureFittings2024-05-31 NI669726business:Director112023-06-012024-05-31 NI669726business:Director112023-05-31 NI669726business:Director112024-05-31 NI6697262022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. NI669726 (Northern Ireland)
Eureka Property Solutions Ltd Unaudited accounts for the year ended 31 May 2024
Eureka Property Solutions Ltd Unaudited accounts Contents
Page
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Eureka Property Solutions Ltd Company Information for the year ended 31 May 2024
Director
Mary J Kurth
Company Number
NI669726 (Northern Ireland)
Registered Office
1 Bannvale Coleraine Londonderry BT51 3JB
Accountants
SJK 8 Bridge Road Moira Co Armagh BT67 0PF
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Eureka Property Solutions Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,659 
7,978 
Investment property
160,148 
154,295 
167,807 
162,273 
Current assets
Cash at bank and in hand
1,542 
1,582 
Creditors: amounts falling due within one year
(91,374)
(81,988)
Net current liabilities
(89,832)
(80,406)
Total assets less current liabilities
77,975 
81,867 
Creditors: amounts falling due after more than one year
(117,530)
(110,960)
Net liabilities
(39,555)
(29,093)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(39,556)
(29,094)
Shareholders' funds
(39,555)
(29,093)
For the year 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 director acknowledges her 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 and authorised for issue on 19 February 2025 and were signed on its behalf by
Mary J Kurth Director Company Registration No. NI669726
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Eureka Property Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Eureka Property Solutions Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI669726. The registered office is 1 Bannvale, Coleraine, Londonderry, BT51 3JB.
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 year, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 balance
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Eureka Property Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
9,972 
9,972 
Additions
1,276 
- 
1,276 
At 31 May 2024
1,276 
9,972 
11,248 
Depreciation
At 1 June 2023
- 
1,994 
1,994 
Charge for the year
- 
1,595 
1,595 
At 31 May 2024
- 
3,589 
3,589 
Net book value
At 31 May 2024
1,276 
6,383 
7,659 
At 31 May 2023
- 
7,978 
7,978 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
154,295 
Additions
5,853 
At 31 May 2024
160,148 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,112 
- 
Loans from directors
88,662 
81,388 
Accruals
600 
600 
91,374 
81,988 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
117,530 
110,960 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mary J Kurth
Directors Loan Account
81,389 
12,717 
5,444 
88,662 
81,389 
12,717 
5,444 
88,662 
The company owes £88,662 (2023: £81,389) to the directors at year end. These loans are repayable on demand and non-interest bearing.
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Eureka Property Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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