GRACE NEILL'S LIMITED

Company Registration Number:
NI048681 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

GRACE NEILL'S LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

GRACE NEILL'S LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 75,000 75,000
Tangible assets: 4 575,643 558,119
Total fixed assets: 650,643 633,119
Current assets
Debtors:   28,100 28,100
Cash at bank and in hand: 1,500 1,500
Total current assets: 29,600 29,600
Creditors: amounts falling due within one year:   (532,789) (553,699)
Net current assets (liabilities): (503,189) (524,099)
Total assets less current liabilities: 147,454 109,020
Total net assets (liabilities): 147,454 109,020
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 147,450 109,016
Shareholders funds: 147,454 109,020

The notes form part of these financial statements

GRACE NEILL'S LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 January 2025
and signed on behalf of the board by:

Name: Mr D O'Kane
Status: Director

The notes form part of these financial statements

GRACE NEILL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life.

GRACE NEILL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

GRACE NEILL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 75,000
Additions 0
At 30 June 2024 75,000
Amortisation
At 01 July 2023 0
Charge for year 0
At 30 June 2024 0
Net book value
At 30 June 2024 75,000
At 30 June 2023 75,000

GRACE NEILL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 737,110
Additions 32,500
At 30 June 2024 769,610
Depreciation
At 01 July 2023 178,991
Charge for year 14,976
At 30 June 2024 193,967
Net book value
At 30 June 2024 575,643
At 30 June 2023 558,119