Registration number: NI720382

Glenravel Projects Limited

(Registration number: NI720382)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	112,272	-
Current assets
Debtors	5	100	100
Cash at bank and in hand		728	-
		828	100
Creditors: Amounts falling due within one year	6	(113,000)	-
Net current (liabilities)/assets		(112,172)	100
Net assets		100	100
Capital and reserves
Called up share capital	7	100	100
Shareholders' funds		100	100

For the financial year ending 31 March 2026 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.

Approved and authorised by the Board on 15 September 2026 and signed on its behalf by:
 

Glenravel Projects Limited

(Registration number: NI720382)
Balance Sheet as at 31 March 2026

......................................... Mr Connor O'Loan Director

......................................... Mr Mark O'Loan Director

Glenravel Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is: 70 Glenravel Road, Martinstown, Ballymena, Co Antrim,
BT43 6QQ.

These financial statements were authorised for issue by the Board on 15 September 2026.

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.

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.

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.

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.

Glenravel Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Investment properties

	2026 £
Additions	112,272
At 31 March	112,272

5

Debtors

Current	2026 £	2025 £
Other debtors	100	100
	100	100

Glenravel Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Other creditors	113,000	-

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Related party transactions

Summary of transactions with associates

Included in other creditors at the year end is an amount of £56,500 (2025: Nil) owed to Candela Electrical & Lighting Engineering Ltd. Mr Connor O'Loan owns and controls Candela Electrical & Lighting Engineering Ltd.

Included in other creditors at the year end is an amount of £56,500 (2025: Nil) owed to Geometry Civils Ltd. Mr Mark O'Loan owns and controls Geometry Civils Ltd