2023-10-01 NI031373 2024-09-30 NI031373 2023-10-01 2024-09-30 NI031373 2023-09-30 NI031373 2022-10-01 2023-09-30 NI031373 uk-core:WithinOneYear 2023-09-30 NI031373 uk-core:WithinOneYear 2024-09-30 NI031373 uk-core:AfterOneYear 2023-09-30 NI031373 uk-core:AfterOneYear 2024-09-30 NI031373 uk-core:ShareCapital 2024-09-30 NI031373 uk-core:ShareCapital 2023-09-30 NI031373 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI031373 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI031373 uk-bus:Director1 2023-10-01 2024-09-30 NI031373 uk-core:Buildings 2023-10-01 2024-09-30 NI031373 uk-core:FurnitureFittings 2023-10-01 2024-09-30 NI031373 uk-core:FurnitureFittings 2023-09-30 NI031373 uk-core:Buildings 2023-09-30 NI031373 uk-core:Buildings 2024-09-30 NI031373 uk-core:FurnitureFittings 2024-09-30 NI031373 uk-core:WithinOneYear uk-core:Secured 2024-09-30 NI031373 uk-core:WithinOneYear uk-core:Secured 2023-09-30 NI031373 uk-core:WithinOneYear 2024-09-30 NI031373 uk-core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure NI031373 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI031373 uk-bus:FRS102 2023-10-01 2024-09-30 NI031373 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 NI031373 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
GLENVALE (PROPERTY) LIMITED
Registered Number:NI031373
For the year ended 30 September 2024
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI031373
As at 30 September 2024
GLENVALE (PROPERTY) LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
330,529
340,899
2
330,529
340,899
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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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4
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.
Registered address:
8 Clay Road
Keady
Armagh
BT60 3QY
The presentation currency is £ sterling.
1. Accounting policies
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
2% Reducing balance
10% Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Furniture and
Fittings
Land and
Buildings
£
£
£
Cost or
valuation
At 01 October 2023
513,783
10,783
503,000
At 30 September 2024
503,000
10,783
513,783
Provision for depreciation and impairment
At 01 October 2023
172,884
7,682
165,202
Charge for year
10,370
310
10,060
At 30 September 2024
183,254
7,992
175,262
At 30 September 2024
Net book value
327,738
2,791
330,529
At 30 September 2023
337,798
3,101
340,899
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5
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
Bank loans and overdraft
-
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
Other creditors
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
-
Other creditors
100,000
-
101,109
-
5. Average number of persons employed
During the year the average number of employees was 0
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