02870613falsethat of property developers2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-12-012024-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FRS1022023-12-012024-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-12-012024-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-12-012024-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02870613

Glenavon Properties Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

Prepared By:
Willow Accounting & Consultancy
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU

Glenavon Properties Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
DIRECTORS
Susan P Butt
REGISTERED OFFICE
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02870613
ACCOUNTANTS
Willow Accounting & Consultancy
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU

Glenavon Properties Limited

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Glenavon Properties Limited

BALANCE SHEET AT 30 November 2024
20242023
Notes££
FIXED ASSETS
Tangible assets276,88478,125
CURRENT ASSETS
Stock-75,682
Debtors5298274
Cash at bank and in hand81,28679
81,58476,035
CREDITORS: Amounts falling due within one year6366,929427,127
NET CURRENT LIABILITIES(285,345)(351,092)
TOTAL ASSETS LESS CURRENT LIABILITIES(208,461)(272,967)
PROVISIONS FOR LIABILITIES AND CHARGES8703939
NET LIABILITIES(209,164)(273,906)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(209,264)(274,006)
SHAREHOLDERS' FUNDS(209,164)(273,906)
For the year ending 30 November 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27 May 2025 and signed on their behalf by
.............................
Susan P Butt
Director

Glenavon Properties Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. Assurances have been received from the director/shareholders of their continued financial support.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 40%
1d. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1e. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Glenavon Properties Limited

2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 1 December 20232,45711,3505,02318,830
At 30 November 20242,45711,3505,02318,830
Depreciation
At 1 December 20232,3646,5624,96013,886
For the year191,197251,241
At 30 November 20242,3837,7594,98515,127
Net Book Amounts
At 30 November 2024743,591383,703
At 30 November 2023934,788634,944
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 December 202373,18173,181
At 30 November 202473,18173,181
The valuation palced on the property has been determined by the directors and equates to the open market value.
4. STOCK 20242023
££
Stock comprises:
Work in progress-75,682
-75,682
5. DEBTORS 20242023
££
Amounts falling due within one year
VAT298274
298274

Glenavon Properties Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
PAYE control500154
Directors current account360,714421,268
Other creditors4,3854,385
Accruals1,3301,320
366,929427,127
7. EMPLOYEES
20242023
No.No.
Average number of employees22
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation703939
703939
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. RELATED PARTY TRANSACTIONS
During the year transactions were entered into with Charles and Susan Butt both of whom are shareholders. Susan Butt is also the sole director of the company.
A nominal rental is charged for the use of facilities owned by the shareholders, Charles and Susan Butt. At 30 November 2024 the company was indebted to Charles and Susan Butt to the amount of £360,714.