Company registration number: NI031223
Unaudited financial statements
for the year ended 31 December 2024
for
Shimna Properties Limited
Pages for filing with the Registrar
Company registration number: NI031223
Shimna Properties Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 125,578 125,775
125,578 125,775
Current assets
Cash at bank and in hand 30,695 25,389
30,695 25,389
Creditors: amounts falling due within one
year 		(10,438) (7,908)
Net current assets 20,257 17,481
Total assets less current liabilities 145,835 143,256
Creditors: Amounts falling due after more
than one year 		5 (81,471) (81,471)
NET ASSETS 64,364 61,785
Capital and reserves
Called up share capital 70 70
Profit and loss account 64,294 61,715
TOTAL EQUITY 64,364 61,785
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI031223
Shimna Properties Limited
Balance sheet - continued
as at 31 December 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 26 September 2025 and signed on its behalf by:
Mrs A McNickle, Director Mr K Lynch, Director
26 September 2025 26 September 2025
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Shimna Properties Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Shimna Properties Limited is a private company registered in Northern Ireland. Its registered number is NI031223. The company is limited by shares. Its registered office is 12 Grace Avenue, Ballygalley, Larne, BT40 2QN.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold Property - 0% reducing balance
Plant and machinery etc.:
Plant & Machinery - 20% reducing balance
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Shimna Properties Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 121,768 8,359 130,127
At 31 December 2024 121,768 8,359 130,127
Depreciation
At 1 January 2024 - 4,352 4,352
Charge for year - 197 197
At 31 December 2024 - 4,549 4,549
Net book value
At 31 December 2024 121,768 3,810 125,578
At 31 December 2023 121,768 4,007 125,775
5 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Other creditors 81,471 81,471
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Shimna Properties Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
Unknown DLA
Balance outstanding at start of year (7,021) -
Amounts repaid (2,257) -
Balance outstanding at end of year (9,278) -
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