IRIS Accounts Production v24.2.0.383 NI634777 director 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6347772023-04-30NI6347772024-04-30NI6347772023-05-012024-04-30NI6347772022-04-30NI6347772022-05-012023-04-30NI6347772023-04-30NI634777ns15:NorthernIreland2023-05-012024-04-30NI634777ns14:PoundSterling2023-05-012024-04-30NI634777ns10:Director12023-05-012024-04-30NI634777ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30NI634777ns10:SmallEntities2023-05-012024-04-30NI634777ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30NI634777ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30NI634777ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30NI634777ns10:FullAccounts2023-05-012024-04-30NI634777ns10:RegisteredOffice2023-05-012024-04-30NI634777ns5:CurrentFinancialInstruments2024-04-30NI634777ns5:CurrentFinancialInstruments2023-04-30NI634777ns5:Non-currentFinancialInstruments2024-04-30NI634777ns5:Non-currentFinancialInstruments2023-04-30NI634777ns5:ShareCapital2024-04-30NI634777ns5:ShareCapital2023-04-30NI634777ns5:RetainedEarningsAccumulatedLosses2024-04-30NI634777ns5:RetainedEarningsAccumulatedLosses2023-04-30NI634777ns5:LandBuildings2023-05-012024-04-30NI634777ns5:LandBuildings2023-04-30NI634777ns5:LandBuildings2024-04-30NI634777ns5:LandBuildings2023-04-30NI634777ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30NI634777ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: NI634777 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

DRUMEE FARM LIMITED

DRUMEE FARM LIMITED (REGISTERED NUMBER: NI634777)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DRUMEE FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M Rodgers



REGISTERED OFFICE: 3 Main Street
Dundrum
United Kingdom
Co. Down
BT33 0LU



REGISTERED NUMBER: NI634777 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



BANKERS: Ulster Bank Limited
29 Upper Square
Castlewellan
Co. Down
BT31 9DD

DRUMEE FARM LIMITED (REGISTERED NUMBER: NI634777)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,225 151,225

CURRENT ASSETS
Stocks 24,100 19,574
Debtors 5 186 160
Cash at bank 13,634 24,828
37,920 44,562
CREDITORS
Amounts falling due within one year 6 17,912 17,940
NET CURRENT ASSETS 20,008 26,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,233

177,847

CREDITORS
Amounts falling due after more than one
year

7

172,524

172,524
NET (LIABILITIES)/ASSETS (1,291 ) 5,323

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,391 ) 5,223
SHAREHOLDERS' FUNDS (1,291 ) 5,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DRUMEE FARM LIMITED (REGISTERED NUMBER: NI634777)

BALANCE SHEET - continued
30 APRIL 2024



The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





M Rodgers - Director


DRUMEE FARM LIMITED (REGISTERED NUMBER: NI634777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Drumee Farm Limited 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.

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.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the assets and the business in general.

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 each asset over its estimated useful life.
Land - not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

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.


DRUMEE FARM LIMITED (REGISTERED NUMBER: NI634777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land
£   
COST
At 1 May 2023
and 30 April 2024 151,225
NET BOOK VALUE
At 30 April 2024 151,225
At 30 April 2023 151,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 186 160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 119 3,095
Amounts owed to group undertakings 16,793 13,845
Other creditors 1,000 1,000
17,912 17,940

DRUMEE FARM LIMITED (REGISTERED NUMBER: NI634777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 172,524 172,524

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Rodgers.

The parent company is Dunmore Group Limited.