| Collone Properties Limited |
| Registered Number:NI657696 |
For the year ended 30 December 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 December 2024
Collone Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Collone Properties Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
963,392
974,579
2
963,392
974,579
| Trade and other receivables |
22,614
39,556
3
6,095
| Cash and cash equivalents |
409
39,965
28,709
| Trade and other payables: amounts falling due within one |
| year |
(12,170)
(6,048)
4
16,539
33,917
Net current assets
| Total assets less current liabilities |
997,309
991,118
| Trade and other payables: amounts falling due after more |
| than one year |
(234,001)
(243,087)
5
754,222
Net assets
757,117
100
100
10,000
10,000
744,122
747,017
754,222
757,117
Shareholders' funds
| For the year ended 30 December 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 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their 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 Jonathan McKew Director |
| These financial statements were approved and authorised for issue by the Board on 25 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 December 2024
Collone Properties Limited
Notes to the Financial Statements
Statutory Information
| Collone Properties Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI657696. |
47 Ratarnet Road
Collone
County Armagh
County Armagh
BT60 1LJ
| 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. |
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: |
Plant and Machinery
| 2. Property, plant and equipment |
1,034,126
134,126
900,000
900,000
134,126
1,034,126
| Provision for depreciation and impairment |
59,547
59,547
-
Charge for year
11,187
11,187
-
70,734
70,734
-
900,000
63,392
963,392
900,000
74,579
974,579
| The investment properties were revalued on request by the directors by Hannath Property Consultants. The properties |
| were valued at £690,000. The uplift in value has been shown through the revaluation reserve. |
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For the year ended 30 December 2024
Collone Properties Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2023
2024
| Amounts owed by group undertakings and participating interests |
22,748
22,614
16,808
-
22,614
39,556
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
1,000
2,000
| Taxation and social security |
4,011
-
1,037
10,170
6,048
12,170
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
24,791
26,459
218,296
207,542
243,087
234,001
| 6. Average number of persons employed |
During the year the average number of employees was 0
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