OVALBRIDGE DEVELOPMENTS LTD

Registered Number
NI626796
(Northern Ireland)

Unaudited Financial Statements for the Year ended
30 September 2024

Company Information
for the year from 1 October 2023 to 30 September 2024


Directors	Kenneth Gilliland
	Ian Gregg
	Daniel McFerran
	Vincent Rainey


Registered Address	95 Broughshane Street
	Ballymena
	BT43 6ED


Registered Number	NI626796 (Northern Ireland)

OVALBRIDGE DEVELOPMENTS LTD

Balance Sheet as at
30 September 2024

	2024 £	2023 £

Fixed Assets	10	402

Current Assets	611,913	704,222
Prepayments and accrued income	70,962	70,962
Creditors amounts falling due within one year	(804,759)	(702,559)
Net current assets (liabilities)	(121,884)	72,625

Total assets less current liabilities	(121,874)	73,027

Creditors amounts falling due after one year	(950,660)	(1,065,660)
Accruals and deferred income	(346,150)	(286,664)
Net assets (liabilities)	(1,418,684)	(1,279,297)
Capital and reserves	(1,418,684)	(1,279,297)

The company is a private company limited by shares and registered in Northern Ireland. It 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 in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Average number of employees
The average number of persons employed by the company in the period was 4 (previous period: 4).
Directors advances, credits and guarantees
Loans with directors At the year end, the company owed Mr V Rainey £45,597 (2023: £nil). At the year end, Mr K Gilliland owed the company £406,966 (2023: £398,010). At the year end, Mr I Gregg owed the company £NIL (2023: £52,302). At the year end, Mr D McFerran owed the company £NIL (2023: £53,569). Loans from companies with common directors During the year the company had loan transactions with another entity with common directors, Ovalbridge Ltd. Amount due from Ovalbridge Ltd is £387 (2023:£387). During the year the company had loan transactions with another entity with common directors, Platinum Assets NI Ltd. Amount due to Platinum Assets Ltd at the year end is £402,068 (2023: £377,528) Amount due to group undertakings Amount due to Latner 10 Developments Ltd at year end was £5,456 (2023: £4,810)

The financial statements were approved and authorised for issue by the Board of Directors on 5 November 2025, and are signed on its behalf by:

Vincent Rainey
Director
Registered Company No. NI626796