IRIS Accounts Production v23.2.0.158 NI618696 Board of Directors 1.5.22 30.4.23 30.4.23 0 0 false true false false true false Fair value model Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6186962022-04-30NI6186962023-04-30NI6186962022-05-012023-04-30NI6186962021-04-30NI6186962021-05-012022-04-30NI6186962022-04-30NI618696ns10:Originalns15:NorthernIreland2022-05-012023-04-30NI618696ns14:PoundSterlingns10:Original2022-05-012023-04-30NI618696ns10:Originalns10:Director12022-05-012023-04-30NI618696ns10:Original2022-05-012023-04-30NI618696ns10:Original2023-04-30NI618696ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-30NI618696ns10:Originalns10:SmallEntities2022-05-012023-04-30NI618696ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-30NI618696ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-30NI618696ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-30NI618696ns10:Originalns10:FullAccounts2022-05-012023-04-30NI618696ns10:Original2021-05-012022-04-30NI618696ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-30NI618696ns10:Originalns10:Director22022-05-012023-04-30NI618696ns10:Originalns10:RegisteredOffice2022-05-012023-04-30NI618696ns10:Original2022-04-30NI618696ns10:Originalns5:CurrentFinancialInstruments2023-04-30NI618696ns10:Originalns5:CurrentFinancialInstruments2022-04-30NI618696ns10:Originalns5:Non-currentFinancialInstruments2023-04-30NI618696ns10:Originalns5:Non-currentFinancialInstruments2022-04-30NI618696ns5:ShareCapitalns10:Original2023-04-30NI618696ns5:ShareCapitalns10:Original2022-04-30NI618696ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-30NI618696ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-30NI618696ns10:Original2022-04-30NI618696ns5:Securedns10:Original2023-04-30NI618696ns5:Securedns10:Original2022-04-30NI618696ns10:Originalns10:OrdinaryShareClass12023-04-30
REGISTERED NUMBER: NI618696 (Northern Ireland)















DERG CASTLE TRADING LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DERG CASTLE TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: C Hamilton
R Hamilton





REGISTERED OFFICE: 12-14 Lower Strabane Rd
Castlederg
Co. Tyrone
BT81 7AZ





REGISTERED NUMBER: NI618696 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly Chartered Accountants
43 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Investment property 5 488,579 363,117

CURRENT ASSETS
Receivables: amounts falling due within
one year

6

2,275

1,973
Cash at bank 45,518 50,648
47,793 52,621
PAYABLES
Amounts falling due within one year 7 (366,143 ) (237,623 )
NET CURRENT LIABILITIES (318,350 ) (185,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,229

178,115

PAYABLES
Amounts falling due after more than
one year

8

(118,188

)

(129,876

)
NET ASSETS 52,041 48,239

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 52,021 48,219
SHAREHOLDERS' FUNDS 52,041 48,239

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:





C Hamilton - Director


DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)

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

1. STATUTORY INFORMATION

Derg Castle Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2022 363,117
Additions 125,462
At 30 April 2023 488,579
NET BOOK VALUE
At 30 April 2023 488,579
At 30 April 2022 363,117

DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)

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

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 2,275 1,973

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 17,556 14,405
Amounts owed to group undertakings 152,668 147,206
Taxation and social security 891 1,806
Other payables 195,028 74,206
366,143 237,623

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 118,188 129,876

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 135,744 144,281

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
20 Ordinary Shares 1 20 20

11. RELATED PARTY DISCLOSURES

At 30 April 2023 Derg Castle Trading Ltd owed £21,090 to C & R Hamilton (2022: £15,628) and £131,578 to Hamilton Foodhalls Limited (2022: £131,578). Charles Hamilton is director in Derg Castle Trading Ltd and and Hamilton Foodhalls Limited and a partner in C & R Hamilton.