02870613falsethat of property developers2024-12-012025-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-11-30http://www.companieshouse.gov.uk/cd:Director12024-12-012025-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2025-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2025-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2025-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-12-012025-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-12-012025-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-12-012025-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-11-30http://www.companieshouse.gov.uk/2024-12-012025-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/cd:FRS1022024-12-012025-11-30http://www.companieshouse.gov.uk/2025-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2024-12-012025-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-12-012025-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02870613
Glenavon Properties Limited
ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
Prepared By:
Willow Accounting & Consultancy
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU
Glenavon Properties Limited
ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
DIRECTORS
Susan P Butt
REGISTERED OFFICE
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02870613
ACCOUNTANTS
Willow Accounting & Consultancy
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU
Glenavon Properties Limited
ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Glenavon Properties Limited
BALANCE SHEET AT 30 November 2025
20252024
Notes££
FIXED ASSETS
Tangible assets297,77576,884
CURRENT ASSETS
Debtors4152298
Cash at bank and in hand34,48081,286
34,63281,584
CREDITORS: Amounts falling due within one year5328,838366,929
NET CURRENT LIABILITIES(294,206)(285,345)
TOTAL ASSETS LESS CURRENT LIABILITIES(196,431)(208,461)
PROVISIONS FOR LIABILITIES AND CHARGES74,673703
NET LIABILITIES(201,104)(209,164)
CAPITAL AND RESERVES
Called up share capital8100100
Revaluation reserve921,819-
Profit and loss account(223,023)(209,264)
SHAREHOLDERS' FUNDS(201,104)(209,164)
For the year ending 30 November 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 1 May 2026 and signed on their behalf by
.............................
Susan P Butt
Director
Glenavon Properties Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. Assurances have been received from the director/shareholders of their continued financial support.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 40%
1d. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
Gains or losses on the revaluation of investment properties are recognised in the statement of comprehensive income and identified in a non-distributable reserve within shareholder funds.
Glenavon Properties Limited
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 1 December 20242,45711,3505,02318,830
At 30 November 20252,45711,3505,02318,830
Depreciation
At 1 December 20242,3837,7594,98515,127
For the year1589815928
At 30 November 20252,3988,6575,00016,055
Net Book Amounts
At 30 November 2025592,693232,775
At 30 November 2024743,591383,703
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 December 202473,18173,181
Revaluation21,81921,819
At 30 November 202595,00095,000
The directors have provided fair value estimates for investment properties as at 30th November 2025.
4. DEBTORS 20252024
££
Amounts falling due within one year
VAT152298
152298
Glenavon Properties Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
PAYE control660500
Directors current account322,403360,714
Other creditors4,3854,385
Accruals1,3901,330
328,838366,929
6. EMPLOYEES
20252024
No.No.
Average number of employees22
7. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation4,673703
4,673703
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. REVALUATION RESERVE 20252024
££
Non-distributable investment property revaluation reserve21,819-
21,819-
Glenavon Properties Limited
10. RELATED PARTY TRANSACTIONS
During the year transactions were entered into with Charles and Susan Butt both of whom are shareholders. Susan Butt is also the sole director of the company.
A nominal rental is charged for the use of facilities owned by the shareholders, Charles and Susan Butt. At 30 November 2025 the company was indebted to Charles and Susan Butt to the amount of £322,403.