DRUMARG PROPERTIES LIMITED

Company Registration Number:
NI623830 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

DRUMARG PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

DRUMARG PROPERTIES LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,201,353 4,018,448
Total fixed assets: 4,201,353 4,018,448
Current assets
Debtors:   142,378 28,582
Cash at bank and in hand: 301,388 294,403
Total current assets: 443,766 322,985
Creditors: amounts falling due within one year:   (257,347) (207,006)
Net current assets (liabilities): 186,419 115,979
Total assets less current liabilities: 4,387,772 4,134,427
Creditors: amounts falling due after more than one year:   (3,238,056) (3,317,824)
Total net assets (liabilities): 1,149,716 816,603
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,149,715 816,602
Shareholders funds: 1,149,716 816,603

The notes form part of these financial statements

DRUMARG PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 March 2024
and signed on behalf of the board by:

Name: Vincent Mallon
Status: Director

The notes form part of these financial statements

DRUMARG PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DRUMARG PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 12 10

DRUMARG PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 4,098,790
Additions 230,900
Disposals (15,325)
At 31 March 2023 4,314,365
Depreciation
At 01 April 2022 80,342
Charge for year 39,375
On disposals (6,705)
At 31 March 2023 113,012
Net book value
At 31 March 2023 4,201,353
At 31 March 2022 4,018,448