BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the letting and operating of real estate. 6 May 2025 3 3 NI611452 2024-03-31 NI611452 2023-03-31 NI611452 2022-03-31 NI611452 2023-04-01 2024-03-31 NI611452 2022-04-01 2023-03-31 NI611452 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI611452 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI611452 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI611452 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI611452 uk-bus:Director1 2023-04-01 2024-03-31 NI611452 uk-bus:Director2 2023-04-01 2024-03-31 NI611452 uk-bus:Director3 2023-04-01 2024-03-31 NI611452 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI611452 uk-bus:Agent1 2023-04-01 2024-03-31 NI611452 uk-core:ShareCapital 2024-03-31 NI611452 uk-core:ShareCapital 2023-03-31 NI611452 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI611452 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI611452 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI611452 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI611452 uk-bus:FRS102 2023-04-01 2024-03-31 NI611452 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI611452 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI611452 uk-core:CurrentFinancialInstruments 2024-03-31 NI611452 uk-core:CurrentFinancialInstruments 2023-03-31 NI611452 uk-core:WithinOneYear 2024-03-31 NI611452 uk-core:WithinOneYear 2023-03-31 NI611452 2023-04-01 2024-03-31 NI611452 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI611452
 
 
Haig Properties Limited
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 31 March 2024
Haig Properties Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Darragh Murdock
Ms. Cliona Murdock
Shenna Murdock
 
 
Company Registration Number NI611452
 
 
Registered Office 16 Mount Charles
Belfast
BT7 1NZ
 
 
Business Address Unit 2
10 Monaghan Court
Monaghan Street
Newry
BT35 6BH
 
 
Accountants Muldoon & Co
Chartered Accountants & Reporting Accountants
16 Mount Charles
Belfast
BT7 1NZ
 
 
Bankers Santander UK plc
  Bridle Road
  Bootle
  Liverpool
  L30 4GB



Haig Properties Limited
DIRECTORS' REPORT
for the financial year ended 31 March 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 31 March 2024.
 
Principal Activity
The principal activity of the company is the letting and operating of real estate.
     
Directors
The directors who served during the financial year are as follows:
     
Darragh Murdock
Ms. Cliona Murdock
Shenna Murdock
   
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Darragh Murdock
Director
     
6 May 2025



Haig Properties Limited
Company Registration Number: NI611452
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 985,791 985,791
───────── ─────────
 
Current Assets
Debtors 5 1,048,460 951,229
Cash and cash equivalents 14,917 4,732
───────── ─────────
1,063,377 955,961
───────── ─────────
Creditors: amounts falling due within one year 6 (609,576) (671,979)
───────── ─────────
Net Current Assets 453,801 283,982
───────── ─────────
Total Assets less Current Liabilities 1,439,592 1,269,773
═════════ ═════════
 
Capital and Reserves
Called up share capital 12 12
Retained earnings 1,439,580 1,269,761
───────── ─────────
Equity attributable to owners of the company 1,439,592 1,269,773
═════════ ═════════
 
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.
           
For the financial year ended 31 March 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 6 May 2025 and signed on its behalf by
           
           
           
________________________________          
Darragh Murdock          
Director          
           



Haig Properties Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Haig Properties Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 16 Mount Charles, Belfast, BT7 1NZ. 1c Monaghan Street, Newry, BT35 6BB is the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) 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 year ended 31 March 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.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% straight line
  Motor vehicles - 20% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
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.
 
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.
 
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 3. 2023 - 3.
 
  2024 2023
  Number Number
 
Director 3 3
  ═════════ ═════════
           
4. Tangible assets
  Investment Plant and Motor Total
  properties machinery vehicles  
         
  £ £ £ £
Cost
At 1 April 2023 985,791 2,520 17,200 1,005,511
  ───────── ───────── ───────── ─────────
 
At 31 March 2024 985,791 2,520 17,200 1,005,511
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 - 2,520 17,200 19,720
  ───────── ───────── ───────── ─────────
 
At 31 March 2024 - 2,520 17,200 19,720
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 985,791 - - 985,791
  ═════════ ═════════ ═════════ ═════════
At 31 March 2023 985,791 - - 985,791
  ═════════ ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 123,000 123,000
Amounts owed by connected parties (Note 8) 924,918 832,059
Other debtors 542 (3,830)
  ───────── ─────────
  1,048,460 951,229
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Loans 504,417 465,887
Amounts owed to connected parties (Note 8) 741 117,854
Taxation  (Note 7) 104,418 88,238
  ───────── ─────────
  609,576 671,979
  ═════════ ═════════
       
7. Taxation 2024 2023
  £ £
 
Creditors:
Corporation tax 104,418 88,238
  ═════════ ═════════
       
8. Related party transactions
  Balance Balance
  2024 2023
  £ £
 
Derrylodge Property Management 10,618 10,618
Peel Properties 240,000 240,000
Milltown Taverns 251,707 238,707
Property Estate Management 94,350 93,425
Dromhill Properties (36,866) 13,134
MPS Estate Management 21,046 24,421
Milltown Rental 339,754 321,754
DM MPS Property Ltd 92,554 -
Annahaia Consultancy (148,000) (110,000)
Dromhill Properties 2 108,619 -
DSC Elgin Properties 161,328 -
Client Account (210,192) -
  ───────── ─────────
  924,918 832,059
  ═════════ ═════════
 
The following amounts are due to other connected parties:
  2024 2023
  £ £
 
Murdock Property Services 741 117,854
  ═════════ ═════════
 
Net balances with other connected parties:
  2024 2023
  £ £
 
Derrylodge Property Management 10,618 10,618
Peel Properties 240,000 240,000
Milltown Taverns 251,707 238,707
Property Estate Management 94,350 93,425
Dromhill Properties (36,866) 13,134
MPS Estate Management 21,046 24,421
Milltown Rental 339,754 321,754
DM MPS Property Ltd 92,554 -
Murdock Property Services (741) (117,854)
Annahaia Consultancy (148,000) (110,000)
Dromhill Properties 2 108,619 -
DSC Elgin Properties 161,328 -
Client Account (210,192) -
  ───────── ─────────
  924,177 714,205
  ═════════ ═════════
 
In the opinion of the directors these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms ordinarily offered by the company.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.