Caseware UK (AP4) 2023.0.135 2023.0.135 The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).2023-05-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI044783 2023-05-01 2024-04-30 NI044783 2022-05-01 2023-04-30 NI044783 2024-04-30 NI044783 2023-04-30 NI044783 2022-05-01 NI044783 c:CompanySecretary1 2023-05-01 2024-04-30 NI044783 c:Director1 2023-05-01 2024-04-30 NI044783 c:RegisteredOffice 2023-05-01 2024-04-30 NI044783 c:Agent1 2023-05-01 2024-04-30 NI044783 d:CurrentFinancialInstruments 2024-04-30 NI044783 d:CurrentFinancialInstruments 2023-04-30 NI044783 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 NI044783 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 NI044783 d:ShareCapital 2024-04-30 NI044783 d:ShareCapital 2023-04-30 NI044783 d:ShareCapital 2022-05-01 NI044783 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 NI044783 d:RetainedEarningsAccumulatedLosses 2024-04-30 NI044783 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 NI044783 d:RetainedEarningsAccumulatedLosses 2023-04-30 NI044783 d:RetainedEarningsAccumulatedLosses 2022-05-01 NI044783 c:OrdinaryShareClass1 2023-05-01 2024-04-30 NI044783 c:OrdinaryShareClass1 2024-04-30 NI044783 c:OrdinaryShareClass1 2023-04-30 NI044783 c:FRS102 2023-05-01 2024-04-30 NI044783 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI044783 c:FullAccounts 2023-05-01 2024-04-30 NI044783 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI044783 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-01 2024-04-30 NI044783 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
Dargan Properties Management Limited
For the Year Ended 30 April 2024





































Registered number: NI044783

 
Dargan Properties Management Limited
 

Company Information


Director
Barbara Graham 




Company secretary
Barbara Graham



Registered number
NI044783



Registered office
86 Lisburn Road
Saintfield

Ballynahinch

Northern Ireland

BT24 7BP




Accountants
Grant Thornton Advisors (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
Dankse Bank
PO Box 183

Donegall Square West

Belfast

BT1 6JS





 
Dargan Properties Management Limited
 

Contents



Page
Accountants' report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 7


  
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Independent Accountant's Report to the director of the unaudited financial statements of Dargan Properties Management Limited for the Year Ended 30 April 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Dargan Properties Management Limited for the year ended 30 April 2024, which comprise  and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements. 
 
This report is made solely to the directors of Dargan Properties Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Dargan Properties Management Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dargan Properties Management Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410  (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board  (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered  Accountants Ireland relating to members undertaking the compilation of financial statements. 

You have approved the financial statements for the year ended 30 April 2024 and you have acknowledged on the Balance sheet as at 30 April 2024 your duty to ensure that Dargan Properties Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Dargan Properties Management Limited is exempt from the statutory audit requirement for the year ended 30 April 2024.

We have not been instructed to carry out an audit or review the financial statements of Dargan Properties Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton Advisors (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   28 January 2025
Page 1

 
Dargan Properties Management Limited
Registered number:NI044783

Balance Sheet
As at 30 April 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
79,964
86,126

Cash at bank and in hand
 6 
8,487
13,593

  
88,451
99,719

Creditors: amounts falling due within one year
 7 
(57,748)
(51,379)

Net current assets
  
 
 
30,703
 
 
48,340

Total assets less current liabilities
  
30,703
48,340

  

Net assets
  
30,703
48,340


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
 9 
30,701
48,338

  
30,703
48,340


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 January 2025.




Barbara Graham
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
Dargan Properties Management Limited
 

Statement of Changes in Equity
For the Year Ended 30 April 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 May 2023
2
48,338
48,340



Profit for the year
-
3,363
3,363

Dividends: Equity capital
-
(21,000)
(21,000)


At 30 April 2024
2
30,701
30,703


The notes on pages 4 to 7 form part of these financial statements.


Statement of Changes in Equity
For the Year Ended 30 April 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 May 2022
2
37,420
37,422



Profit for the year
-
22,918
22,918

Dividends: Equity capital
-
(12,000)
(12,000)


At 30 April 2023
2
48,338
48,340


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Dargan Properties Management Limited
 
 
Notes to the Financial Statements
For the Year Ended 30 April 2024

1.


General information

Dargan Properties Management Limited is a company limited by shares and incorporated in Northern Ireland. The registered office is 86 Lisburn Road, Saintfield, Ballynahinch, Northern Ireland, BT24 7BP.
The principal activity of the company is that of providing property management services and other associated activities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Dargan Properties Management Limited
 

Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
Dargan Properties Management Limited
 
 
Notes to the Financial Statements
For the Year Ended 30 April 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
a) Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the ageing profile of debtors are considered.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Debtors

2024
2023
£
£


Trade debtors
44,454
60,520

Prepayments and accrued income
35,510
25,606

79,964
86,126



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,487
13,593

8,487
13,593


Page 6

 
Dargan Properties Management Limited
 
 
Notes to the Financial Statements
For the Year Ended 30 April 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
25,718
14,762

Corporation tax
789
5,376

Accruals and deferred income
31,241
31,241

57,748
51,379


Corporation tax is repayable at various dates over the coming months in accordance with the applicable statutory provisions. 


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



9.


Reserves

Profit and loss account

This includes all current and prior period retained profits and losses.


10.


Related party transactions

During the year the company had the following related party transactions:
During the year the Director was advanced funds of £Nil (2023; £10,000) from the company and repaid funds of £Nil (2023: £10,000) to the company. At the balance sheet date the amount due from the Director was £Nil (2023: £Nil). The loan was interest free and unsecured. 


Page 7