Registered number
NI621503
Doughrock Properties Limited
Filleted Accounts
30 November 2023
Doughrock Properties Limited
Registered number: NI621503
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,066 19,241
Investments 4 75,000 75,000
94,066 94,241
Current assets
Debtors 5 480 480
Cash at bank and in hand 294,388 285,403
294,868 285,883
Creditors: amounts falling due within one year 6 (313,664) (311,226)
Net current liabilities (18,796) (25,343)
Net assets 75,270 68,898
Capital and reserves
Called up share capital 3 3
Profit and loss account 75,267 68,895
Shareholders' funds 75,270 68,898
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philip McLaughlin
Director
Approved by the board on 2 August 2024
Doughrock Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 18,363 2,144 20,507
At 30 November 2023 18,363 2,144 20,507
Depreciation
At 1 December 2022 - 1,266 1,266
Charge for the year - 175 175
At 30 November 2023 - 1,441 1,441
Net book value
At 30 November 2023 18,363 703 19,066
At 30 November 2022 18,363 878 19,241
4 Investments
Other
investments
£
Cost
At 1 December 2022 75,000
At 30 November 2023 75,000
5 Debtors 2023 2022
£ £
Trade debtors 480 480
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,686 1,402
Other creditors 311,978 309,824
313,664 311,226
7 Other information
Doughrock Properties Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
21 Doughrock Road
Dromore
Omagh
Co Tyrone
BT78 3LT
Doughrock Properties Limited NI621503 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Philip McLaughlin No description of principal activity NI621503 2021-12-01 2022-11-30 NI621503 core:WithinOneYear 2022-11-30 NI621503 core:ShareCapital 2022-11-30 NI621503 core:RetainedEarningsAccumulatedLosses 2022-11-30 NI621503 2022-12-01 2023-11-30 NI621503 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI621503 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI621503 bus:Director40 2022-12-01 2023-11-30 NI621503 1 2022-12-01 2023-11-30 NI621503 2 2022-12-01 2023-11-30 NI621503 core:LandBuildings 2022-12-01 2023-11-30 NI621503 core:PlantMachinery 2022-12-01 2023-11-30 NI621503 countries:England 2022-12-01 2023-11-30 NI621503 bus:FRS102 2022-12-01 2023-11-30 NI621503 bus:FilletedAccounts 2022-12-01 2023-11-30 NI621503 2023-11-30 NI621503 core:WithinOneYear 2023-11-30 NI621503 core:ShareCapital 2023-11-30 NI621503 core:RetainedEarningsAccumulatedLosses 2023-11-30 NI621503 core:LandBuildings 2023-11-30 NI621503 core:PlantMachinery 2023-11-30 NI621503 2022-11-30 NI621503 core:LandBuildings 2022-11-30 NI621503 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure