BrightAccountsProduction v1.0.0 v1.0.0 2023-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of a holding company. 31 October 2024 0 0 NI685183 2024-06-30 NI685183 2023-06-30 NI685183 2022-06-30 NI685183 2023-07-01 2024-06-30 NI685183 2022-07-01 2023-06-30 NI685183 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI685183 uk-curr:PoundSterling 2023-07-01 2024-06-30 NI685183 uk-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI685183 uk-bus:FullAccounts 2023-07-01 2024-06-30 NI685183 uk-core:ShareCapital 2024-06-30 NI685183 uk-core:ShareCapital 2023-06-30 NI685183 uk-core:SharePremium 2024-06-30 NI685183 uk-core:SharePremium 2023-06-30 NI685183 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI685183 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI685183 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI685183 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI685183 uk-bus:FRS102 2023-07-01 2024-06-30 NI685183 uk-core:AdditionsToInvestments 2024-06-30 NI685183 uk-core:CostValuation 2024-06-30 NI685183 uk-core:WithinOneYear 2024-06-30 NI685183 uk-core:WithinOneYear 2023-06-30 NI685183 uk-core:EmployeeBenefits 2023-06-30 NI685183 uk-core:EmployeeBenefits 2023-07-01 2024-06-30 NI685183 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 NI685183 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 NI685183 uk-core:OtherDeferredTax 2024-06-30 NI685183 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-06-30 NI685183 uk-core:EmployeeBenefits 2024-06-30 NI685183 2023-07-01 2024-06-30 NI685183 uk-bus:Director1 2023-07-01 2024-06-30 NI685183 uk-bus:Director2 2023-07-01 2024-06-30 NI685183 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI685183
 
 
Drumlish Group Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 June 2024
Drumlish Group Ltd
Company Registration Number: NI685183
BALANCE SHEET
as at 30 June 2024

2024 2023
Notes £ £
 
Fixed Assets
Investments 4 785,850 -
───────── ─────────
 
Current Assets
Cash and cash equivalents 31 39
Creditors: amounts falling due within one year 5 (6,899) (100)
───────── ─────────
Net Current Liabilities (6,868) (61)
───────── ─────────
Total Assets less Current Liabilities 778,982 (61)
 
Provisions for liabilities 6 43 12
───────── ─────────
Net Assets/(Liabilities) 779,025 (49)
═════════ ═════════
 
Capital and Reserves
Called up share capital 202 2
Share premium account 7 779,800 -
Retained earnings (977) (51)
───────── ─────────
Equity attributable to owners of the company 779,025 (49)
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 31 October 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Jacqueline McClintock     Martin Gallogley
Director     Director
           



Drumlish Group Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024

   
1. General Information
 
Drumlish Group Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI685183. The registered office of the company is 11 Drumlish Road, Dromore, Co Tyrone, BT78 3ER, Northern Ireland which is also the principal place of business of the company. The principal activity is that of a holding company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with 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.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 0, (2023 - 0).
       
4. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
Additions 785,850 785,850
  ───────── ─────────
At 30 June 2024 785,850 785,850
  ───────── ─────────
Net book value
At 30 June 2024 785,850 785,850
  ═════════ ═════════
       
5. Creditors 2024 2023
Amounts falling due within one year £ £
 
Amounts owed to group undertakings 200 100
Taxation 6,699 -
  ───────── ─────────
  6,899 100
  ═════════ ═════════
         
6. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Losses Total Total
       
       
    2024 2023
  £ £ £
 
At financial year start (12) (12) -
Charged to profit and loss (31) (31) (12)
  ───────── ───────── ─────────
At financial year end (43) (43) (12)
  ═════════ ═════════ ═════════
   
7. Reserves
 
Share Premium Reserve
 
The amount carried forward is the premium that arose from the issue of shares in 2010.
 
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2024.
           
9. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.