BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principle activity of the business is other service activities not elsewhere classified. 19 March 2026 0 0 NI646398 2024-12-31 NI646398 2023-12-31 NI646398 2022-12-31 NI646398 2024-01-01 2024-12-31 NI646398 2023-01-01 2023-12-31 NI646398 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI646398 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI646398 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI646398 uk-bus:AbridgedAccounts 2024-01-01 2024-12-31 NI646398 uk-core:ShareCapital 2024-12-31 NI646398 uk-core:ShareCapital 2023-12-31 NI646398 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI646398 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI646398 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI646398 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI646398 uk-bus:FRS102 2024-01-01 2024-12-31 NI646398 uk-core:Goodwill 2024-01-01 2024-12-31 NI646398 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 NI646398 uk-core:Goodwill 2023-12-31 NI646398 uk-core:Goodwill 2024-12-31 NI646398 2024-01-01 2024-12-31 NI646398 uk-bus:Director4 2024-01-01 2024-12-31 NI646398 uk-bus:Director5 2024-01-01 2024-12-31 NI646398 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI646398

Belfray Property Ltd

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

BELFRAY PROPERTY LTD

Company Registration Number: NI646398

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 31 December 2024

|  |  | 2024 |  | 2023
|  | Notes | £ |  | £
Non-Current Assets

Intangible assets |  | 3 | 39,999 |  | 54,999
Property, plant and equipment |  | 4 | 613,051 |  | 626,568
|  |  | ───────── |  | ─────────
Non-Current Assets |  |  | 653,050 |  | 681,567
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  |  | 136,514 |  | 123,768
Creditors: amounts falling due within one year |  |  | (187,734) |  | (89,437)
|  |  | ───────── |  | ─────────
Net Current (Liabilities)/Assets |  |  | (51,220) |  | 34,331
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 601,830 |  | 715,898
Creditors:

amounts falling due after more than one year |  |  | (579,389) |  | (629,519)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 22,441 |  | 86,379
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | 22,341 |  | 86,279
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 22,441 |  | 86,379
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.

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

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 19 March 2026 and signed on its behalf by

Ryan McLaughlin |  |  |  |  |
Director |  |  |  |  |
Willis McLaughlin

Director

BELFRAY PROPERTY LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

1. | General Information
| Belfray Property Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI646398. The registered office of the company is 171 Glenshane Road, Derry, BT47 3EN, Northern Ireland. The principle activity of the business is other service activities not elsewhere classified. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Goodwill
| Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
| Property, plant and equipment and depreciation
| Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
|  | Fixtures, fittings and equipment | - | 25% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Investment properties
| Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Income Statement.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Intangible assets
|  | Goodwill | Total
|  | £ | £
| Cost
| At 1 January 2024 | 149,999 | 149,999
|  | ───────── | ─────────
| At 31 December 2024 | 149,999 | 149,999
|  | ───────── | ─────────
| Amortisation
| At 1 January 2024 | 95,000 | 95,000
| Charge for financial year | 15,000 | 15,000
|  | ───────── | ─────────
| At 31 December 2024 | 110,000 | 110,000
|  | ───────── | ─────────
| Net book value
| At 31 December 2024 | 39,999 | 39,999
|  | ═════════ | ═════════
| At 31 December 2023 | 54,999 | 54,999
|  | ═════════ | ═════════

4. | Property, plant and equipment
|  | Investment | Fixtures, | Total
|  | properties | fittings and |
|  |  | equipment |
|  | £ | £ | £
| Cost
| At 1 January 2024 | 572,501 | 225,000 | 797,501
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | 572,501 | 225,000 | 797,501
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2024 | - | 170,933 | 170,933
| Charge for the financial year | - | 13,517 | 13,517
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | - | 184,450 | 184,450
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | 572,501 | 40,550 | 613,051
|  | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 572,501 | 54,067 | 626,568
|  | ═════════ | ═════════ | ═════════