# GEM RESIDENTIAL LTD (NI042458)

> GEM RESIDENTIAL LTD is an active private limited company (company number NI042458) incorporated on 8 February 2002, registered in Magherafelt. Its registered activity is other building completion and finishing (SIC 43390). Latest small accounts cover the period ending 31 March 2025, showing net assets of £151k and cash of £168k, with 1 employee on average. Net assets fell 21% on the prior period (£192k).

- Status: Active
- Incorporated: 2002-02-08
- Registered office: Magherafelt, BT45 6BT
- SIC 43390: Other building completion and finishing
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-02-22
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 258 comparable companies in Belfast (median £19k, upper quartile £113k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £151k | £168k | £13k | £141k | — | — | 1 |
| 2024-03-31 | £192k | £281k | £2,764 | £92k | — | — | 1 |

current ratio 2.07; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £151,270 at 31 March 2025
- Current assets at least 1.5× creditors within one year: Current ratio 2.07
- Cash at bank of £50,000 or more: Cash £168,010
- Incorporated five or more years ago: Incorporated 8 February 2002

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Sean Daley — owns 75–100% of shares, since 2017-02-08

---
Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/NI042458
HTML: https://firmoscan.com/company/NI042458-gem-residential-ltd