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REGISTERED NUMBER: NI618696 (Northern Ireland)















DERG CASTLE TRADING LTD

Unaudited Financial Statements for the Year Ended 30 April 2024






DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DERG CASTLE TRADING LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C Hamilton
R Hamilton





REGISTERED OFFICE: 12-14 Lower Strabane Rd
Castlederg
Co. Tyrone
BT81 7AZ





REGISTERED NUMBER: NI618696 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly Chartered Accountants
43 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Investment property 5 567,279 488,579

CURRENT ASSETS
Receivables: amounts falling due within
one year

6

2,955

2,275
Cash at bank 49,567 45,518
52,522 47,793
PAYABLES
Amounts falling due within one year 7 (436,363 ) (366,143 )
NET CURRENT LIABILITIES (383,841 ) (318,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,438

170,229

PAYABLES
Amounts falling due after more than
one year

8

(118,053

)

(118,188

)
NET ASSETS 65,385 52,041

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 65,365 52,021
SHAREHOLDERS' FUNDS 65,385 52,041

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 directors acknowledge their 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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




C Hamilton - Director


DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Derg Castle Trading Ltd 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.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

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

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023 488,579
Additions 78,700
At 30 April 2024 567,279
NET BOOK VALUE
At 30 April 2024 567,279
At 30 April 2023 488,579

DERG CASTLE TRADING LTD (REGISTERED NUMBER: NI618696)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 2,955 2,275

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 8,492 17,556
Amounts owed to group undertakings 231,368 152,668
Taxation and social security 3,130 891
Other payables 193,373 195,028
436,363 366,143

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 118,053 118,188

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 126,545 135,744

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
20 Ordinary Shares 1 20 20

11. RELATED PARTY DISCLOSURES

At 30 April 2024 Derg Castle Trading Ltd owed £99,790 to C & R Hamilton (2023: £21,090) and £131,578 to Hamilton Foodhalls Limited (2023: £131,578). Charles Hamilton is director in Derg Castle Trading Ltd and and Hamilton Foodhalls Limited and a partner in C & R Hamilton.