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REGISTERED NUMBER: R0000639 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ballygarvey Investments Limited

Ballygarvey Investments Limited (Registered number: R0000639)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ballygarvey Investments Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: S W Patterson
Mrs M S Patterson
P R G Taylor
M B Taylor
R Morton
C A OOI
A Patterson
C P Patterson
R Patterson
P Taylor


SECRETARY: M B Taylor


REGISTERED OFFICE: 100 Ballygarvey Road
Broughshane
Ballymena
Co. Antrim
BT43 7JX


REGISTERED NUMBER: R0000639 (Northern Ireland)


ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH


SOLICITORS: McKervill Neilly
1 Broadway Avenue
Ballymena
Co Antrim
BT43 7AA

Ballygarvey Investments Limited (Registered number: R0000639)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 6,347,867 6,359,980
Investment property 5 1,060,000 948,000
7,407,867 7,307,980

CURRENT ASSETS
Debtors 6 9,995 6,317
Cash at bank 186,962 188,661
196,957 194,978
CREDITORS
Amounts falling due within one year 7 (13,634 ) (29,013 )
NET CURRENT ASSETS 183,323 165,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,591,190

7,473,945

CREDITORS
Amounts falling due after more than one
year

8

(46,500

)

(46,500

)

PROVISIONS FOR LIABILITIES 9 (643,984 ) (701,940 )
NET ASSETS 6,900,706 6,725,505

CAPITAL AND RESERVES
Called up share capital 142,500 142,500
Retained earnings 6,758,206 6,583,005
SHAREHOLDERS' FUNDS 6,900,706 6,725,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ballygarvey Investments Limited (Registered number: R0000639)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





M B Taylor - Director


Ballygarvey Investments Limited (Registered number: R0000639)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Ballygarvey Investments Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Ballygarvey Investments Limited (Registered number: R0000639)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2023 6,359,980
Additions 508,101
Disposals (770,635 )
Revaluations 250,421
At 31 July 2024 6,347,867
NET BOOK VALUE
At 31 July 2024 6,347,867
At 31 July 2023 6,359,980

Cost or valuation at 31 July 2024 is represented by:

Other
investments
£   
Valuation in 2024 6,347,867

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 948,000
Additions 18,452
Revaluations 93,548
At 31 July 2024 1,060,000
NET BOOK VALUE
At 31 July 2024 1,060,000
At 31 July 2023 948,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 1,060,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 9,985 6,004
VAT 10 -
Prepayments and accrued income - 313
9,995 6,317

Ballygarvey Investments Limited (Registered number: R0000639)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 770
Tax (79 ) 17,638
Social security and other taxes - (124 )
VAT - 1
Other creditors 3,101 -
Accruals 10,612 10,728
13,634 29,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Preference shares 46,500 46,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 46,500 46,500

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 643,984 701,940

Deferred
tax
£   
Balance at 1 August 2023 701,940
Provided during year (57,956 )
Balance at 31 July 2024 643,984