Dunaverty Limited NI689165 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of sea ferry transport Digita Accounts Production Advanced 6.30.9574.0 true true NI689165 2023-01-01 2023-12-31 NI689165 2023-12-31 NI689165 bus:OrdinaryShareClass1 2023-12-31 NI689165 core:CurrentFinancialInstruments 2023-12-31 NI689165 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI689165 core:FurnitureFittingsToolsEquipment 2023-12-31 NI689165 bus:SmallEntities 2023-01-01 2023-12-31 NI689165 bus:Audited 2023-01-01 2023-12-31 NI689165 bus:FilletedAccounts 2023-01-01 2023-12-31 NI689165 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI689165 bus:RegisteredOffice 2023-01-01 2023-12-31 NI689165 bus:Director1 2023-01-01 2023-12-31 NI689165 bus:Director2 2023-01-01 2023-12-31 NI689165 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 NI689165 bus:EntityHasNeverTraded 2023-01-01 2023-12-31 NI689165 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI689165 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI689165 core:OfficeEquipment 2023-01-01 2023-12-31 NI689165 countries:NorthernIreland 2023-01-01 2023-12-31 NI689165 2022-06-22 2022-12-31 NI689165 2022-12-31 NI689165 bus:OrdinaryShareClass1 2022-12-31 NI689165 core:CurrentFinancialInstruments 2022-12-31 NI689165 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI689165

Dunaverty Limited

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Dunaverty Limited

(Registration number: NI689165)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,731

-

Current assets

 

Debtors

5

185,941

1

Cash at bank and in hand

 

125,697

-

 

311,638

1

Creditors: Amounts falling due within one year

6

(317,368)

-

Net current (liabilities)/assets

 

(5,730)

1

Net assets

 

1

1

Capital and reserves

 

Called up share capital

7

1

1

Shareholders' funds

 

1

1

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 July 2024 and signed on its behalf by:
 

.........................................
Dawn Hynes
Director

.........................................
Mr Charles Stewart
Director

 

Dunaverty Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 6 Kilnadore Road, Cushendall, Co. Antrim, BT44 0SG.

General information
The presentational and functional currency of the Company is pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements were authorised for issue by the Board on 17 July 2024.

Audit report

In accordance with the provisions of section 444 of the Companies Act 2006, the directors have not delivered a copy of the audit report with these financial statements.The Independent Auditor's Report was unqualified. and there were no matters which the auditor drew attention by way of emphasis. The name of the Senior Statutory Auditor who signed the audit report on 17 July 2024 was Sean McIlhatton, who signed for and on behalf of Stevenson and Wilson.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises passenger fares together with cost recoveries and subsidies receivable from the Department of Infrastructure.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities

 

Dunaverty Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Government grants

Government grants and subsidies are accounted for under the accrual model and are recognised when it is reasonable to expect that the grant or subsidy will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Revenue grants are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants and subsidies that become receivable as compensation for expenses already incurred are recognised in income in the period in which it becomes receivable.

Capital grants are recognised in income on a systematic basis over the expected useful life of the asset.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Dunaverty Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

7,644

7,644

At 31 December 2023

7,644

7,644

Depreciation

Charge for the year

1,913

1,913

At 31 December 2023

1,913

1,913

Carrying amount

At 31 December 2023

5,731

5,731

5

Debtors

Current

2023
£

2022
£

Trade debtors

154,619

-

Other debtors

31,322

1

 

185,941

1

 

Dunaverty Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

94,942

-

Other creditors

20,127

-

Accruals and deferred income

202,299

-

317,368

-

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Related party transactions

The Company is controlled by the Directors and, at the year end, there were no amounts due to or from the Directors. All transactions with Directors were on an arm’s length basis.

Transactions and outstanding balances with related parties, related through virtue of common control were as follows:

2023
 £

2022
 £

Management fees payable

196,319

-

Crew hire recovery

64,390

-

Leasing costs

120,000

-

Start-up costs

2,823

-

Amounts due to related parties

103,015

-