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Registration number: NI605459

Glenalpin Street Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Glenalpin Street Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Glenalpin Street Limited

Company Information

Directors | Ms Denise Stanley Mr David Cantwell

Registered office | 27 College Gardens Belfast BT9 6BS

Solicitors | Johns Elliot 40 Linenhall Street Belfast Antrim BT2 8BA

Accountants | McKeague Morgan & Company Chartered Accountants 27 College Gardens Belfast BT9 6BS

Glenalpin Street Limited

(Registration number: NI605459)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 4 | 762,350 | 763,550
Cash at bank and in hand |  | 1,626 | 1,766
|  | 763,976 | 765,316
Creditors: Amounts falling due within one year | 5 | (1,667) | (1,667)
Net assets |  | 762,309 | 763,649
Capital and reserves |  |  |
Called up share capital |  | 58,050 | 58,050
Profit and loss account |  | 704,259 | 705,599
Total equity |  | 762,309 | 763,649

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:

.........................................

Mr David Cantwell
Director

Glenalpin Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in The United Kingdom.

The address of its registered office is:
27 College Gardens
Belfast
BT9 6BS
Northern Ireland

These financial statements were authorised for issue by the Board on 23 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Glenalpin Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2 | Accounting policies (continued)

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Glenalpin Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Debtors

| 2024 £ | 2023 £
Other debtors | 762,350 | 763,550
| 762,350 | 763,550

5 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Other creditors |  | 1,167 | 1,167
Accruals and deferred income |  | 500 | 500
|  | 1,667 | 1,667

6 | Parent and ultimate parent undertaking

Glenalpin Street Limited is a 100% owned subsidiary of Artemis Developments Limited.
Artemis Developments is a 100% owned subsidiary of Sarcon (No. 251) Limited.
The company's immediate parent is Artemis Developments Limited, incorporated in Northern Ireland.
The ultimate parent is Sarcon (No.251) Limited, incorporated in Northern Ireland.
The most senior parent entity producing publicly available financial statements is Sarcon (No. 251) Limited. These financial statements are available upon request from Companies House
The ultimate controlling party is Sarcon (No. 251) Limited.