Registration number: NI053649

C E Properties (NI) Limited

(Registration number: NI053649)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	673,000	790,000
Current assets
Cash at bank and in hand		47,600	18,719
Creditors: Amounts falling due within one year	5	(3,500)	(3,500)
Net current assets		44,100	15,219
Total assets less current liabilities		717,100	805,219
Creditors: Amounts falling due after more than one year	5	(733,924)	(796,442)
Net (liabilities)/assets		(16,824)	8,777
Capital and reserves
Called up share capital	6	2	2
Retained earnings	7	(16,826)	8,775
Shareholders' (deficit)/funds		(16,824)	8,777

For the financial year ending 31 January 2025 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 and 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.

C E Properties (NI) Limited

(Registration number: NI053649)
Balance Sheet as at 31 January 2025

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

......................................... Mr Christopher Cole Director

C E Properties (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 15 Firfields, Antrim, Co Antrim, BT41 4DJ.

These financial statements were authorised for issue by the Board on 31 October 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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income received in the ordinary course of the Company’s activities.

The Company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the Company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

C E Properties (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 February	790,000
Disposals	(117,000)
At 31 January	673,000

The properties were valued by the directors at the year end.

C E Properties (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
	3,500	3,500

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

7

Reserves

	2025 £	2024 £
Distributable reserves	(71,267)	(92,666)
Non-distributable reserves	54,441	101,441
	(16,826)	8,775

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	626,016	701,914
Other borrowings	107,908	94,528
	733,924	796,442

9	Related party transactions

The following balance was owed to the director at the year end:

	2025  £	2024  £
Directors current account	107,908	94,528