IRIS Accounts Production v24.2.0.383 NI022469 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:kWhNI0224692023-04-30NI0224692024-04-30NI0224692023-05-012024-04-30NI0224692022-04-30NI0224692022-05-012023-04-30NI0224692023-04-30NI022469ns15:NorthernIreland2023-05-012024-04-30NI022469ns14:PoundSterling2023-05-012024-04-30NI022469ns10:Director12023-05-012024-04-30NI022469ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30NI022469ns10:SmallEntities2023-05-012024-04-30NI022469ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30NI022469ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30NI022469ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30NI022469ns10:FullAccounts2023-05-012024-04-30NI022469ns10:CompanySecretary12023-05-012024-04-30NI022469ns10:RegisteredOffice2023-05-012024-04-30NI022469ns5:CurrentFinancialInstruments2024-04-30NI022469ns5:CurrentFinancialInstruments2023-04-30NI022469ns5:ShareCapital2024-04-30NI022469ns5:ShareCapital2023-04-30NI022469ns5:RetainedEarningsAccumulatedLosses2024-04-30NI022469ns5:RetainedEarningsAccumulatedLosses2023-04-30NI022469ns5:PlantMachinery2023-05-012024-04-30NI022469ns5:PlantMachinery2023-04-30NI022469ns5:PlantMachinery2024-04-30NI022469ns5:PlantMachinery2023-04-30NI022469ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30NI022469ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: NI022469 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

DUNMORE CONSTRUCTION LIMITED

DUNMORE CONSTRUCTION LIMITED (REGISTERED NUMBER: NI022469)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


DUNMORE CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M Rodgers



SECRETARY: M Rodgers



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



REGISTERED NUMBER: NI022469 (Northern Ireland)



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



BANKERS: First Trust
28-32 Main Street
Newcastle
BT33 0AD



SOLICITORS: M F Curran
29 Central Promenade
Newcastle
Co. Down
BT33 0AA

DUNMORE CONSTRUCTION LIMITED (REGISTERED NUMBER: NI022469)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,448 4,858

CURRENT ASSETS
Stocks 5 1,100,000 1,100,000
Debtors 6 194,523 258,479
Cash at bank 52,899 17,583
1,347,422 1,376,062
CREDITORS
Amounts falling due within one year 7 1,019,765 1,068,861
NET CURRENT ASSETS 327,657 307,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,105

312,059

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 321,105 302,059
SHAREHOLDERS' FUNDS 331,105 312,059

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.

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




M Rodgers - Director


DUNMORE CONSTRUCTION LIMITED (REGISTERED NUMBER: NI022469)

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


1. STATUTORY INFORMATION

Dunmore Construction 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 director has 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 asset and the business in general.

Consider the recoverability of trade debtors and work in progress and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Stocks
Work in progress consists of direct material and labour costs and other charges relating directly to the development.

Work in progress is valued at the lower of cost plus attributable profit and net realisable value. Attributable profit is recognised on property developments when they are subject to a substantially unconditional contract for sale.

DUNMORE CONSTRUCTION LIMITED (REGISTERED NUMBER: NI022469)

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


2. ACCOUNTING POLICIES - continued

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.

- Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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.

3. EMPLOYEES AND DIRECTORS

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

DUNMORE CONSTRUCTION LIMITED (REGISTERED NUMBER: NI022469)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 292,584
Disposals (38,000 )
At 30 April 2024 254,584
DEPRECIATION
At 1 May 2023 287,726
Charge for year 954
Eliminated on disposal (37,544 )
At 30 April 2024 251,136
NET BOOK VALUE
At 30 April 2024 3,448
At 30 April 2023 4,858

5. STOCKS
30.4.24 30.4.23
£    £   
Work-in-progress 1,100,000 1,100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 133,863 157,242
Other debtors 47,522 39,057
Directors' current accounts - 49,095
Tax 13,085 13,085
VAT 53 -
194,523 258,479

Trade debtors relate to Helping Hand scheme which assists buyers to finance in part the purchase of a house over a period of five years.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to related parties 1,010,905 1,060,000
Accruals and deferred income 8,860 8,861
1,019,765 1,068,861

DUNMORE CONSTRUCTION LIMITED (REGISTERED NUMBER: NI022469)

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


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Rodgers.