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REGISTERED NUMBER: NI064920 (Northern Ireland)















DRUMLISKA LIMITED

Financial Statements for the Year Ended 31 January 2024






DRUMLISKA LIMITED (REGISTERED NUMBER: NI064920)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DRUMLISKA LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr Stephen Swift
Ms Sandra Swift





REGISTERED OFFICE: 31-33 Main Street
Lisnaskea
Co. Fermanagh
BT92 0JB





REGISTERED NUMBER: NI064920 (Northern Ireland)





INDEPENDENT AUDITORS: CavanaghKelly
Chartered Accountants and Statutory Auditors
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

DRUMLISKA LIMITED (REGISTERED NUMBER: NI064920)

Statement of Financial Position
31 JANUARY 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Financial assets 5 770,000 770,000

PAYABLES
Amounts falling due within one year 6 (1,586 ) -
NET CURRENT LIABILITIES (1,586 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,414

770,000

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 768,214 769,800
768,414 770,000

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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Ms Sandra Swift - Director


DRUMLISKA LIMITED (REGISTERED NUMBER: NI064920)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Drumliska 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under 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. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the companys financial statements.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment in the separate financial statements of the Parent Company.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

DRUMLISKA LIMITED (REGISTERED NUMBER: NI064920)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 February 2023
and 31 January 2024 770,000
NET BOOK VALUE
At 31 January 2024 770,000
At 31 January 2023 770,000

The Company`s investments at the balance sheet date include the following:





Country of

Nature of

Details of
Proportion
held
Incorporation Business Investment by company

Subsidiary undertaking

Goldland Merchants Limited
Northern
Ireland

Retail
Ordinary
Shares

100%




6. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 1,586 -

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr. Desmond Kelly (F.C.A) (Senior Statutory Auditor)
for and on behalf of CavanaghKelly

8. POST BALANCE SHEET EVENTS

On 24 July 2024, the company sold its 100% shareholding in Goldland Merchants Limited to an unconnected third party.

9. CAPITAL COMMITMENTS

The company had no capital commitments at the year ended 31 January 2024.

10. RELATED PARTY TRANSACTIONS

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.

11. EVENTS AFTER END OF REPORTING PERIOD

There have been no significant events affecting the company since the year end.