| GLENVALE (PROPERTY) LIMITED |
| Registered Number:NI031373 |
For the year ended 30 September 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 September 2024
GLENVALE (PROPERTY) LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
GLENVALE (PROPERTY) LIMITED
Statement of Financial Position
2023
2024
| Property, plant and equipment |
330,529
340,899
2
330,529
340,899
827
| Cash and cash equivalents |
3,729
3,729
827
| Trade and other payables: amounts falling due within one |
| year |
(233,996)
(117,234)
3
(233,169)
(113,505)
Net current liabilities
| Total assets less current liabilities |
217,024
107,730
| Trade and other payables: amounts falling due after more |
| than one year |
-
(101,109)
4
115,915
Net assets
107,730
100
100
115,815
107,630
115,915
107,730
Shareholders' funds
| For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Aidan McCooey Director |
| These financial statements were approved and authorised for issue by the Board on 23 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
GLENVALE (PROPERTY) LIMITED
Notes to the Financial Statements
Statutory Information
| GLENVALE (PROPERTY) LIMITED is a private limited company, limited by shares, domiciled in Northern Ireland, |
| registration number NI031373. |
8 Clay Road
Keady
Armagh
BT60 3QY
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Furniture and Fittings
| 2. Property, plant and equipment |
513,783
10,783
503,000
503,000
10,783
513,783
| Provision for depreciation and impairment |
172,884
7,682
165,202
Charge for year
10,370
310
10,060
183,254
7,992
175,262
327,738
2,791
330,529
337,798
3,101
340,899
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For the year ended 30 September 2024
GLENVALE (PROPERTY) LIMITED
Notes to the Financial Statements Continued
| 3. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
1,597
4,218
-
78,778
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
63,878
-
| Taxation and social security |
4,353
4,102
47,406
146,898
117,234
233,996
| 4. Trade and other payables: amounts falling due after more than one year |
2023
2024
| Bank loans and overdraft (secured) |
1,109
-
100,000
-
101,109
-
| 5. Average number of persons employed |
During the year the average number of employees was 0
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