SELAH DEVELOPMENTS LIMITED

Company Registration Number:
NI637531 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SELAH DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

SELAH DEVELOPMENTS LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 40 40
Tangible assets: 4 219 262
Investments: 5 120,000 120,000
Total fixed assets: 120,259 120,302
Current assets
Stocks: 34,143 155,955
Debtors:   239,415 100,858
Cash at bank and in hand: 27,111 8,950
Total current assets: 300,669 265,763
Creditors: amounts falling due within one year:   (93,785) (246,827)
Net current assets (liabilities): 206,884 18,936
Total assets less current liabilities: 327,143 139,238
Creditors: amounts falling due after more than one year:   (29,680) (35,510)
Total net assets (liabilities): 297,463 103,728
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:625,32025,320
Profit and loss account: 272,043 78,308
Shareholders funds: 297,463 103,728

The notes form part of these financial statements

SELAH DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 December 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 22 May 2025
and signed on behalf of the board by:

Name: Darryl Kidd
Status: Director

The notes form part of these financial statements

SELAH DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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 comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: Fixtures, fittings & equipment 10% Straight line The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

SELAH DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

SELAH DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 40
At 31 December 2024 40
Amortisation
At 01 January 2024 0
At 31 December 2024 0
Net book value
At 31 December 2024 40
At 31 December 2023 40

SELAH DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 434
At 31 December 2024 434
Depreciation
At 01 January 2024 172
Charge for year 43
At 31 December 2024 215
Net book value
At 31 December 2024 219
At 31 December 2023 262

SELAH DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Fixed investments

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.

SELAH DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Revaluation reserve

2024
£
Balance at 01 January 2024 25,320
Surplus or deficit after revaluation 0
Balance at 31 December 2024 25,320