BrightAccountsProduction v1.0.0 v1.0.0 2023-09-14 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Investment holding company. 16 May 2024 0 NI701745 2024-01-31 NI701745 2023-09-13 NI701745 2023-09-14 2024-01-31 NI701745 uk-bus:PrivateLimitedCompanyLtd 2023-09-14 2024-01-31 NI701745 uk-curr:PoundSterling 2023-09-14 2024-01-31 NI701745 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-14 2024-01-31 NI701745 uk-bus:FullAccounts 2023-09-14 2024-01-31 NI701745 uk-bus:Director1 2023-09-14 2024-01-31 NI701745 uk-bus:Director2 2023-09-14 2024-01-31 NI701745 uk-bus:RegisteredOffice 2023-09-14 2024-01-31 NI701745 uk-bus:Agent1 2023-09-14 2024-01-31 NI701745 uk-core:ShareCapital 2024-01-31 NI701745 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI701745 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI701745 uk-bus:FRS102 2023-09-14 2024-01-31 NI701745 uk-core:CurrentFinancialInstruments 2024-01-31 NI701745 uk-core:WithinOneYear 2024-01-31 NI701745 2023-09-14 2024-01-31 NI701745 uk-bus:AuditExempt-NoAccountantsReport 2023-09-14 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI701745
 
 
DALA Estate Ltd
 
Unaudited Financial Statements
 
for the financial period from 14 September 2023 (date of incorporation) to 31 January 2024
DALA Estate Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Darren Mone (Appointed 14 September 2023)
Lassarina Mone (Appointed 14 September 2023)
 
 
Company Registration Number NI701745
 
 
Registered Office 205 Castleblayney Road
Keady
Armagh
Co. Armagh
BT60 3HY
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Armagh
BT623EP
United Kingdom



DALA Estate Ltd
Company Registration Number: NI701745
BALANCE SHEET
as at 31 January 2024

Jan 24
Notes £
 
Fixed Assets
Tangible assets 6 360,386
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Current Assets
Debtors 7 1,236
Creditors: amounts falling due within one year 8 (362,742)
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Net Current Liabilities (361,506)
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Total Assets less Current Liabilities (1,120)
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Capital and Reserves
Called up share capital 2
Retained earnings (1,122)
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Equity attributable to owners of the company (1,120)
═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
       
For the financial period from 14 September 2023 (date of incorporation) to 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 16 May 2024 and signed on its behalf by
       
       
________________________________      
Darren Mone      
Director      
       



DALA Estate Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 14 September 2023 (date of incorporation) to 31 January 2024

   
1. General Information
 
DALA Estate Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI701745. The registered office of the company is 205 Castleblayney Road, Keady, Armagh, Co. Armagh, BT60 3HY. Investment holding company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 4 month 18 days period from 14 September 2023 (date of incorporation) to 31 January 2024.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including directors, during the financial period was 2, (Sep 23 - 2).
       
6. Tangible assets
  Investment Total
  properties  
     
  £ £
Cost
At 14 September 2023 - -
Additions 360,386 360,386
  ───────── ─────────
At 31 January 2024 360,386 360,386
  ───────── ─────────
Depreciation
At 14 September 2023 - -
  ───────── ─────────
At 31 January 2024 - -
  ───────── ─────────
Net book value
At 31 January 2024 360,386 360,386
  ═════════ ═════════
     
7. Debtors Jan 24
  £
 
Other debtors 450
Prepayments and accrued income 786
  ─────────
  1,236
  ═════════
     
8. Creditors Jan 24
Amounts falling due within one year £
 
Amounts owed to group undertakings 360,386
Directors' current accounts 2,356
  ─────────
  362,742
  ═════════
     
9. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 January 2024.
         
10. Related party transactions
 
Included in creditors is an amount of £362,744 owing to Motor Vehicle Transportation Limited. Motor Vehicle Transportation Limited is a related party of the company.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.