Deramore (Belfast) Limited NI636382 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true true NI636382 2023-04-01 2024-03-31 NI636382 2024-03-31 NI636382 bus:OrdinaryShareClass1 2024-03-31 NI636382 core:CurrentFinancialInstruments 2024-03-31 NI636382 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI636382 bus:SmallEntities 2023-04-01 2024-03-31 NI636382 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI636382 bus:FilletedAccounts 2023-04-01 2024-03-31 NI636382 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI636382 bus:RegisteredOffice 2023-04-01 2024-03-31 NI636382 bus:Director2 2023-04-01 2024-03-31 NI636382 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 NI636382 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI636382 countries:NorthernIreland 2023-04-01 2024-03-31 NI636382 2022-04-01 2023-03-31 NI636382 2023-03-31 NI636382 bus:OrdinaryShareClass1 2023-03-31 NI636382 core:CurrentFinancialInstruments 2023-03-31 NI636382 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI636382

Deramore (Belfast) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Deramore (Belfast) Limited

(Registration number: NI636382)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Work in progress

4

15,062

7,900

Debtors

5

676,984

781,000

Cash at bank and in hand

 

94,447

16,165

 

786,493

805,065

Creditors: Amounts falling due within one year

6

(2,500)

(18,747)

Net assets

 

783,993

786,318

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

783,991

786,316

Shareholders' funds

 

783,993

786,318

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 June 2024
 

.........................................

Mr Darren Lonergan
Director

 

Deramore (Belfast) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is: 4 Annadale Avenue, Belfast, Co. Antrim, BT7 3JH.

These financial statements were authorised for issue by the director on 13 June 2024.

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 the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

 

Deramore (Belfast) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Work in progress

Project development costs are valued at the lower of cost and net realisable value. Net realisable value is calculated on anticipated selling price less additional costs to completion.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Work In Progress

2024
£

2023
£

Project development costs

15,062

7,900

5

Debtors

2024
£

2023
£

Amounts owed from parent company

676,984

780,788

Other debtors

 

-

212

   

676,984

781,000

6

Creditors: due within one year

2024
£

2023
£

Trade creditors

-

850

Accruals and deferred income

1,300

15,497

Director's current account

1,200

2,400

2,500

18,747

 

Deramore (Belfast) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2