Bulaba Properties Limited iXBRL

Company Registration Number: NI710020

Bulaba Properties Limited

Unaudited Financial Statements

for the financial year ended 28 February 2026

Bulaba Properties Limited

DIRECTOR AND OTHER INFORMATION


Director	Mr Patrick Doherty


Company Secretary	Mr Patrick Doherty


Company Registration Number	NI710020


Registered Office and Business Address	Sentinel House
	13 Pump Street
	Derry
	BT48 6JG


Accountants	MCI Chartered Accountants
	Sentinel House
	13 Pump Street
	Derry
	BT48 6JG

Bulaba Properties Limited

Company Registration Number: NI710020

BALANCE SHEET

as at 28 February 2026

		2026	2025
	Notes	£	£

Fixed Assets

Investment properties	4	181,814	112,518
		─────────	─────────

Current Assets

Cash and cash equivalents		100	100
Creditors: amounts falling due within one year	5	(187,301)	(112,518)
		─────────	─────────
Net Current Liabilities		(187,201)	(112,418)
		─────────	─────────
Total Assets less Current Liabilities		(5,387)	100
		═════════	═════════

Capital and Reserves

Called up share capital	100	100
Retained earnings	(5,487)	-
	─────────	─────────
Shareholders' (Deficit)/Funds	(5,387)	100
	═════════	═════════

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).

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

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms 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 director acknowledges 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 Director and authorised for issue on 24 September 2026




Mr Patrick Doherty
Director

Bulaba Properties Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 28 February 2026

General Information

Bulaba Properties Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI710020. The registered office of the company is Sentinel House, 13 Pump Street, Derry, BT48 6JG which is also the principal place of business of the company. The principal activity of the company is property rental. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

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 28 February 2026 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.

Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the Profit and Loss account.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

When the employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the discounted amount expected to be paid in exchange for the service.

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 Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Employees

The average monthly number of employees, including director, during the financial year was 0.

Investment Properties

Investment

properties

Cost

At 1 March 2025

112,518

Additions

69,296

─────────

At 28 February 2026

181,814

─────────

Net book value

At 28 February 2026

181,814

═════════

At 28 February 2025

112,518

═════════

The company's investment properties are included in the financial statements at fair value. The investment properties were subject to valuation by the director who is not a professionally qualified valuer.


5.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Amounts owed to related parties (Note 6)	186,401	112,518
	Accruals	900	-
		─────────	─────────
		187,301	112,518
		═════════	═════════


6.	Related party transactions

		2026	2025
		£	£

	Finance amounts owed to related parties	186,401	112,518
		═════════	═════════