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REGISTERED NUMBER: NI617560 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

DUNMORE CONSTRUCTION (DUNDRUM) LTD

DUNMORE CONSTRUCTION (DUNDRUM) LTD (REGISTERED NUMBER: NI617560)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


DUNMORE CONSTRUCTION (DUNDRUM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: M Rodgers





SECRETARY: M Rodgers





REGISTERED OFFICE: 3 Main Street
Dundrum
Co. Down
BT33 0LU





REGISTERED NUMBER: NI617560 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

DUNMORE CONSTRUCTION (DUNDRUM) LTD (REGISTERED NUMBER: NI617560)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,898 146,134

CURRENT ASSETS
Stocks 447,227 141,533
Debtors 5 2,174,812 1,448,592
Cash at bank 244,416 144,076
2,866,455 1,734,201
CREDITORS
Amounts falling due within one year 6 809,568 702,556
NET CURRENT ASSETS 2,056,887 1,031,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,191,785

1,177,779

PROVISIONS FOR LIABILITIES 32,345 35,065
NET ASSETS 2,159,440 1,142,714

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,159,439 1,142,713
SHAREHOLDERS' FUNDS 2,159,440 1,142,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

DUNMORE CONSTRUCTION (DUNDRUM) LTD (REGISTERED NUMBER: NI617560)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





M Rodgers - Director


DUNMORE CONSTRUCTION (DUNDRUM) LTD (REGISTERED NUMBER: NI617560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Dunmore Construction (Dundrum) Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Consider the recoverability of trade debtors and work in progress and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover is derived from the sale of new houses and the provision of construction services and is stated net of value added tax.
Turnover on contracts is recognised according to the stage reached in the contract by reference to the value of the work done. An appropriate estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. The amount by which recorded turnover exceeds payments on account is classified as amounts recoverable on contracts and is disclosed within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress consists of direct material and labour costs and other charges relating directly to the development.

Work in progress is valued at the lower of cost plus attributable profit and net realisable value. Attributable profit is recognised on property developments when they are subject to a substantially unconditional contract for sale.

DUNMORE CONSTRUCTION (DUNDRUM) LTD (REGISTERED NUMBER: NI617560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

DUNMORE CONSTRUCTION (DUNDRUM) LTD (REGISTERED NUMBER: NI617560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 225,120 60,225 8,722 294,067
Additions 20,500 - - 20,500
At 30 April 2023 245,620 60,225 8,722 314,567
DEPRECIATION
At 1 May 2022 118,117 23,659 6,157 147,933
Charge for year 23,782 7,313 641 31,736
At 30 April 2023 141,899 30,972 6,798 179,669
NET BOOK VALUE
At 30 April 2023 103,721 29,253 1,924 134,898
At 30 April 2022 107,003 36,566 2,565 146,134

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 18,858 42,225
Amounts owed by group undertakings 1,908,787 1,112,333
Other debtors 247,167 294,034
2,174,812 1,448,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 137,139 118,634
Amounts owed to group undertakings 39,058 39,000
Taxation and social security 258,263 152,493
Other creditors 375,108 392,429
809,568 702,556

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Rodgers.

The parent company is Dunmore Group Limited.