NI PROPERTIES LIMITED

Company Registration Number:
NI040774 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

NI PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

NI PROPERTIES LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 7,434,691 6,986,549
Investments: 4 265,400 265,400
Total fixed assets: 7,700,091 7,251,949
Current assets
Stocks: 7,772,380 7,772,380
Debtors:   32,102 47,505
Cash at bank and in hand: 651,777 889,027
Total current assets: 8,456,259 8,708,912
Creditors: amounts falling due within one year:   (1,642,408) (1,398,531)
Net current assets (liabilities): 6,813,851 7,310,381
Total assets less current liabilities: 14,513,942 14,562,330
Creditors: amounts falling due after more than one year:   (2,406,031) (3,047,682)
Total net assets (liabilities): 12,107,911 11,514,648
Capital and reserves
Called up share capital: 1,766,002 1,766,002
Share premium account: 380,550 380,550
Other reserves: (119,721) (119,721)
Profit and loss account: 10,081,080 9,487,817
Shareholders funds: 12,107,911 11,514,648

The notes form part of these financial statements

NI PROPERTIES LIMITED

Balance sheet statements

For the year ending 30 June 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 19 June 2025
and signed on behalf of the board by:

Name: Andrew Mahon
Status: Director

The notes form part of these financial statements

NI PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 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

NI PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

NI PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 6,988,619
Additions 448,142
At 30 June 2024 7,436,761
Depreciation
At 01 July 2023 2,070
At 30 June 2024 2,070
Net book value
At 30 June 2024 7,434,691
At 30 June 2023 6,986,549

NI PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Fixed investments

Cost at 1 July 2023 and 30 June 2024 £265,400. Carrying amount at 30 June 2024 £265,400 (June 2023 £265,400)