REGISTERED NUMBER: NI632153 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GLENELF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss P A Rock

REGISTERED OFFICE:

25 Mulcreevy Park

Keady

Co. Armagh

BT60 3BJ

REGISTERED NUMBER:

NI632153 (Northern Ireland)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

-

7,860

CURRENT ASSETS

Debtors

5

10,142

3,864

Cash at bank

116,707

118,636

126,849

122,500

CREDITORS

Amounts falling due within one year

6

5,615

7,700

NET CURRENT ASSETS

121,234

114,800

TOTAL ASSETS LESS CURRENT LIABILITIES

121,234

122,660

PROVISIONS FOR LIABILITIES

-

1,493

NET ASSETS

121,234

121,167

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

121,233

121,166

SHAREHOLDERS' FUNDS

121,234

121,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

Miss P A Rock - Director

1.	STATUTORY INFORMATION

Glenelf Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.

Motor vehicles

-

25% on cost

Equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

During the year the company made payments to the director's pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

31,440

3,138

34,578

DEPRECIATION

At 1 July 2024

23,580

3,138

26,718

Charge for year

7,860

-

7,860

At 30 June 2025

31,440

3,138

34,578

NET BOOK VALUE

At 30 June 2025

-

-

-

At 30 June 2024

7,860

-

7,860

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,951

-

Other debtors

191

3,864

10,142

3,864

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,603

-

Other creditors

4,012

7,700

5,615

7,700

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

£

Miss P A Rock

Balance outstanding at start of year

-

-

Amounts advanced

191

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

191

-

The loans have been fully repaid since the year end.

8.	RELATED PARTY DISCLOSURES

At 30 June 2025 other creditors include loans made to the company by the director amounting to £nil (2024 £6,557).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss P A Rock.