CLANMIL PROPERTIES LIMITED

Company Registration Number:
NI035505 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

CLANMIL PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CLANMIL PROPERTIES LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The company's principal activities during the year were the management of commercial property rentals and the provision of services to housing associations and property management companies.

Political and charitable donations

Covenant donation processed as Dividends declared and paid to Clanmil Housing Association Ltd (Charity IP000136).



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

ANDREW ALEXANDER BELL
ANTHONY GIFFEN
JOHN HANNIGAN
JANINE MCCLUNE


The director shown below has held office during the period of
1 April 2024 to 19 June 2024

JILL SCOTT


Secretary CAROL MCTAGGART

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 June 2025

And signed on behalf of the board by:
Name: JOHN HANNIGAN
Status: Director

CLANMIL PROPERTIES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 113,650 283,342
Cost of sales: 0 0
Gross profit(or loss): 113,650 283,342
Distribution costs: 0 0
Administrative expenses: ( 83,187 ) ( 233,423 )
Operating profit(or loss): 30,463 49,919
Profit(or loss) before tax: 30,463 49,919
Profit(or loss) for the financial year: 30,463 49,919

CLANMIL PROPERTIES LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Current assets
Debtors: 3 264,429 195,592
Cash at bank and in hand: 301,819 440,339
Total current assets: 566,248 635,931
Creditors: amounts falling due within one year: 4 ( 496,512 ) ( 566,195 )
Net current assets (liabilities): 69,736 69,736
Total assets less current liabilities: 69,736 69,736
Total net assets (liabilities): 69,736 69,736
Capital and reserves
Called up share capital: 5,000 5,000
Profit and loss account: 64,736 64,736
Total Shareholders' funds: 69,736 69,736

The notes form part of these financial statements

CLANMIL PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 March 2025 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.

This report was approved by the board of directors on 18 June 2025
and signed on behalf of the board by:

Name: JOHN HANNIGAN
Status: Director

The notes form part of these financial statements

CLANMIL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: - Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Leasehold improvements - Useful life of assets vary between 7 and 30 years, depreciated accordingly. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses in disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

CLANMIL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 5 6

CLANMIL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Debtors

2025 2024
£ £
Trade debtors 2,234
Prepayments and accrued income 28,738 64,432
Other debtors 235,691 128,926
Total 264,429 195,592

CLANMIL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 23,272 15,351
Accruals and deferred income 95,922 99,490
Other creditors 377,318 451,354
Total 496,512 566,195