D & D PROPERTIES 78 LIMITED NI698458 false 2023-06-23 2024-06-30 2024-06-30 The principal activity of the company is letting of property Digita Accounts Production Advanced 6.30.9574.0 true NI698458 2023-06-23 2024-06-30 NI698458 2024-06-30 NI698458 bus:OrdinaryShareClass1 2024-06-30 NI698458 bus:OrdinaryShareClass2 2024-06-30 NI698458 core:CurrentFinancialInstruments 2024-06-30 NI698458 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI698458 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 NI698458 core:LandBuildings 2024-06-30 NI698458 bus:SmallEntities 2023-06-23 2024-06-30 NI698458 bus:AuditExemptWithAccountantsReport 2023-06-23 2024-06-30 NI698458 bus:FilletedAccounts 2023-06-23 2024-06-30 NI698458 bus:SmallCompaniesRegimeForAccounts 2023-06-23 2024-06-30 NI698458 bus:RegisteredOffice 2023-06-23 2024-06-30 NI698458 bus:Director1 2023-06-23 2024-06-30 NI698458 bus:OrdinaryShareClass1 2023-06-23 2024-06-30 NI698458 bus:OrdinaryShareClass2 2023-06-23 2024-06-30 NI698458 bus:PrivateLimitedCompanyLtd 2023-06-23 2024-06-30 NI698458 core:LandBuildings 2023-06-23 2024-06-30 NI698458 countries:NorthernIreland 2023-06-23 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI698458

D & D PROPERTIES 78 LIMITED

Unaudited Filleted Financial Statements

for the Period from 23 June 2023 to 30 June 2024

 

D & D PROPERTIES 78 LIMITED

(Registration number: NI698458)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,189,100

Current assets

 

Debtors

5

806

Cash at bank and in hand

 

5,670

 

6,476

Creditors: Amounts falling due within one year

6

(12,787)

Net current liabilities

 

(6,311)

Total assets less current liabilities

 

1,182,789

Creditors: Amounts falling due after more than one year

6

(1,145,732)

Net assets

 

37,057

Capital and reserves

 

Called up share capital

7

100

Retained earnings

36,957

Shareholders' funds

 

37,057

For the financial period ending 30 June 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 period 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 and 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 19 March 2025
 

.........................................
Mr Leo Harold Scott
Director

 

D & D PROPERTIES 78 LIMITED

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 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: 78 Carmagrim Road, Ahoghill, Co. Antrim, BT42 2PP.

These financial statements were authorised for issue by the director on 19 March 2025.

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

D & D PROPERTIES 78 LIMITED

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

0% straight line basis

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

 

D & D PROPERTIES 78 LIMITED

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

1,189,100

1,189,100

At 30 June 2024

1,189,100

1,189,100

Depreciation

Carrying amount

At 30 June 2024

1,189,100

1,189,100

Included within the net book value of land and buildings above is £1,189,100 in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

Prepayments

806

 

806

 

D & D PROPERTIES 78 LIMITED

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Other creditors and accruals

12,787

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Directors loan account

1,145,732

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

A Ordinary Shares of £1 each

50

50

B Ordinary Shares of £1 each

50

50

100

100