Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30truefalseDon Holdings (NI) Limited2023-10-01falsetruesupplying care facilities management150142 NI638274 2023-10-01 2024-09-30 NI638274 2022-10-01 2023-09-30 NI638274 2024-09-30 NI638274 2023-09-30 NI638274 c:Director1 2023-10-01 2024-09-30 NI638274 d:FurnitureFittings 2023-10-01 2024-09-30 NI638274 d:FurnitureFittings 2024-09-30 NI638274 d:FurnitureFittings 2023-09-30 NI638274 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI638274 d:OfficeEquipment 2023-10-01 2024-09-30 NI638274 d:OfficeEquipment 2024-09-30 NI638274 d:OfficeEquipment 2023-09-30 NI638274 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI638274 d:ComputerEquipment 2023-10-01 2024-09-30 NI638274 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI638274 d:CurrentFinancialInstruments 2024-09-30 NI638274 d:CurrentFinancialInstruments 2023-09-30 NI638274 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 NI638274 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 NI638274 d:ShareCapital 2024-09-30 NI638274 d:ShareCapital 2023-09-30 NI638274 d:RetainedEarningsAccumulatedLosses 2024-09-30 NI638274 d:RetainedEarningsAccumulatedLosses 2023-09-30 NI638274 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI638274 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 NI638274 c:FRS102 2023-10-01 2024-09-30 NI638274 c:Audited 2023-10-01 2024-09-30 NI638274 c:FullAccounts 2023-10-01 2024-09-30 NI638274 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI638274 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI638274 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: NI638274










WOOD GREEN MANAGEMENT COMPANY (NI) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WOOD GREEN MANAGEMENT (NI) LIMITED
REGISTERED NUMBER: NI638274

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
52,433
29,762

  
52,433
29,762

Current assets
  

Debtors: amounts falling due within one year
 5 
1,581,818
596,628

Cash at bank and in hand
 6 
1,421,726
547,233

  
3,003,544
1,143,861

Creditors: amounts falling due within one year
 7 
(493,452)
(621,750)

Net current assets
  
 
 
2,510,092
 
 
522,111

Total assets less current liabilities
  
2,562,525
551,873

Provisions for liabilities
  

Deferred tax
  
(9,773)
(7,441)

  
 
 
(9,773)
 
 
(7,441)

Net assets
  
2,552,752
544,432


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,552,751
544,431

  
2,552,752
544,432


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 25 March 2025.




Mr Malachy Donnelly
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
WOOD GREEN MANAGEMENT (NI) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Wood Green Management Company (NI) Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 12 Killycurragh Road, Omagh, Co. Tyrone, Northern Ireland, BT79 0JD.

The principal activity of the company continued to be that of supplying care facilities management.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
WOOD GREEN MANAGEMENT (NI) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WOOD GREEN MANAGEMENT (NI) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Reducing Balance
Computer equipment
-
33%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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.

Page 4

 
WOOD GREEN MANAGEMENT (NI) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 150 (2023 - 142).

Page 5

 
WOOD GREEN MANAGEMENT (NI) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
19,550
37,962
57,512


Additions
47,651
-
47,651



At 30 September 2024

67,201
37,962
105,163



Depreciation


At 1 October 2023
5,788
21,962
27,750


Charge for the year on owned assets
14,595
10,385
24,980



At 30 September 2024

20,383
32,347
52,730



Net book value



At 30 September 2024
46,818
5,615
52,433



At 30 September 2023
13,762
16,000
29,762


5.


Debtors

2024
2023
£
£


Trade debtors
415,575
248,509

Amounts owed by group undertakings
1,088,557
263,953

Other debtors
-
339

Prepayments and accrued income
77,686
83,827

1,581,818
596,628


Amounts owed by group undertakings are unsecured, interest free and payable on demand.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,421,726
547,233

1,421,726
547,233


Page 6

 
WOOD GREEN MANAGEMENT (NI) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
85,747
140,503

Amounts owed to group undertakings
90,540
193,972

Amounts owed to related parties
17,794
17,794

Other taxation and social security
87,943
89,427

Other creditors
5,033
19,636

Accruals and deferred income
206,395
160,418

493,452
621,750


Amounts owed by group and related undertakings are unsecured, interest free and payable on demand.


8.


Deferred taxation




2024


£






At beginning of year
(7,441)


Charged to profit or loss
(2,332)



At end of year
(9,773)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(9,773)
(7,441)

(9,773)
(7,441)


9.


Controlling party

The immediate parent undertaking is Wood Green Healthcare Limited and the ultimate parent undertaking of the company is Don Holdings (NI) Limited, a company registered in Northern Ireland. 
The smallest and largest undertaking of which the company is a member, and for which group financial statements are prepared is Don Holdings (NI) Limited, a company incorporated in Northern Ireland. Group financial statements for this company are prepared and are available to the public from the company's registered office.
Mr Malachy Donnelly and Mrs Siobhan Donnelly are considered to be the ultimate controlling parties due to their shareholding in the ultimate parent undertaking. 

Page 7

 
WOOD GREEN MANAGEMENT (NI) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 25 March 2025 by Teresa Campbell (Senior Statutory Auditor) on behalf of AAB Group Accountants Limited.


Page 8