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REGISTERED NUMBER: NI037495 (Northern Ireland)















DERGVIEW FOOTBALL CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






DERGVIEW FOOTBALL CLUB LIMITED (REGISTERED NUMBER: NI037495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DERGVIEW FOOTBALL CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L Cousins
N Lecky
R W Lecky
D Loughlin
G Mortland
S Scott



SECRETARY: L Cousins



REGISTERED OFFICE: 74 Botera Upper Road
OMAGH
Co. Tyrone
BT78 5LH



REGISTERED NUMBER: NI037495 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Bank of Ireland
23 - 25 Campsie Road
Omagh
Tyrone
BT79 0AE

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DERGVIEW FOOTBALL CLUB LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, the related notes and the detailed profit & loss account from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


20 March 2024

DERGVIEW FOOTBALL CLUB LIMITED (REGISTERED NUMBER: NI037495)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224,829 225,475

CURRENT ASSETS
Cash at bank 18,778 17,370

CREDITORS
Amounts falling due within one year 5 21,956 16,750
NET CURRENT (LIABILITIES)/ASSETS (3,178 ) 620
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,651

226,095

PROVISIONS FOR LIABILITIES (10,714 ) (10,714 )

ACCRUALS AND DEFERRED INCOME (79,779 ) (70,474 )
NET ASSETS 131,158 144,907

RESERVES
Revaluation reserve 6 41,109 45,677
Retained earnings 90,049 99,230
131,158 144,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

DERGVIEW FOOTBALL CLUB LIMITED (REGISTERED NUMBER: NI037495)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:




R W Lecky - Director



S Scott - Director


DERGVIEW FOOTBALL CLUB LIMITED (REGISTERED NUMBER: NI037495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dergview Football Club Limited is a private company, limited by guarantee , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property5% Straight Line
Plant and machinery15% Straight Line
Fixtures and fittings10% Straight Line

Tangible assets are stated at cost or at valuation, less accumulated depreciation.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment and recognised in the profit and loss account in other administrative expenses.

DERGVIEW FOOTBALL CLUB LIMITED (REGISTERED NUMBER: NI037495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 219,037 10,818 41,284 271,139
Additions - - 15,354 15,354
At 31 December 2023 219,037 10,818 56,638 286,493
DEPRECIATION
At 1 January 2023 10,952 6,539 28,173 45,664
Charge for year 10,952 1,036 4,012 16,000
At 31 December 2023 21,904 7,575 32,185 61,664
NET BOOK VALUE
At 31 December 2023 197,133 3,243 24,453 224,829
At 31 December 2022 208,085 4,279 13,111 225,475

A revaluation of property at Darragh Park, Castlegore Road, Castlederg was carried out by JG Fleming LLP Chartered Surveyors on 2 December 2019.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20232022
££
Amounts owed to other clubs in relation to player transfers4,615-
Amounts owed re VAT--
Amounts owed re PAYE/NIC--
Bank loans--
Overdrafts--
Loans from members or directors--
Accruals2,3401,750
Other loans15,00015,000
21,95516,750

Amounts relating to player transfers were paid in full on 15.02.2024.

DERGVIEW FOOTBALL CLUB LIMITED (REGISTERED NUMBER: NI037495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023 45,677
Transfer to retained earnings (4,568 )

At 31 December 2023 41,109

7. CAPITAL COMMITMENTS

The company has no material capital commitments at the financial year ended 31 December 2023.

8. DEBTORS

2023 2022
£ £
Amounts owed to club in relation to player transfers - -
- -

9. GRANTS RECEIVED

Dergview Football Club Limited received revenue funding of £5,500 from K Graham Trust (£3,000) and from SSE Renewables (£2,500).