BrightAccountsProduction v1.0.0 v1.0.0 2023-05-12 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was commercial and other property letting. 9 May 2025 1 NI697110 2024-06-30 NI697110 2023-05-11 NI697110 2023-05-12 2024-06-30 NI697110 uk-bus:PrivateLimitedCompanyLtd 2023-05-12 2024-06-30 NI697110 uk-curr:PoundSterling 2023-05-12 2024-06-30 NI697110 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-12 2024-06-30 NI697110 uk-bus:AbridgedAccounts 2023-05-12 2024-06-30 NI697110 uk-core:ShareCapital 2024-06-30 NI697110 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI697110 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI697110 uk-bus:FRS102 2023-05-12 2024-06-30 NI697110 uk-core:PlantMachinery 2023-05-12 2024-06-30 NI697110 uk-core:ParentEntities 2023-05-12 2024-06-30 NI697110 uk-countries:UnitedKingdom 2023-05-12 2024-06-30 NI697110 uk-bus:Director1 2023-05-12 2024-06-30 NI697110 uk-bus:AuditExempt-NoAccountantsReport 2023-05-12 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI697110
 
 
ADM Property Ireland Ltd
 
Date of Incorporation
12 May 2023
 
Abridged Unaudited Financial Statements
 
for the financial period ended 30 June 2024
ADM Property Ireland Ltd
Company Registration Number: NI697110
ABRIDGED BALANCE SHEET
as at 30 June 2024

Jun 24
Notes £
 
Fixed Assets
Tangible assets 6 10,900
Investment properties 7 396,249
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Fixed Assets 407,149
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Current Assets
Debtors 37,325
Cash at bank and in hand 12,651
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49,976
─────────
Creditors: amounts falling due within one year (12,744)
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Net Current Assets 37,232
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Total Assets less Current Liabilities 444,381
 
Creditors:
amounts falling due after more than one year (423,023)
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Net Assets 21,358
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Capital and Reserves
Called up share capital 100
Retained earnings 21,258
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Shareholders' Funds 21,358
═════════
 
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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges 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 period and of its profit and loss for the financial period 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 Director and authorised for issue on 9 May 2025
       
       
________________________________      
Adrian Mulholland      
Director      
       



ADM Property Ireland Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period ended 30 June 2024

   
1. General Information
 
ADM Property Ireland Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI697110. The registered office of the company is 71a Ballymacombs Road, Bellaghy, Derry, BT45 8JW, Northern Ireland which is also the principal place of business of the company. The principal activity of the company was commercial and other property letting. 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 period 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.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
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 - 25% 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 Abridged 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 Abridged 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.
 
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.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period 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. Period of financial statements
 
The financial statements are for the 13 month 19 days period ended 30 June 2024.
Date company was incorporated:
12 May 2023
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including director, during the financial period was 1, (May 23 - 0).
 
  Jun 24
  Number
 
Director 1
  ═════════
       
6. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost or Valuation
At 12 May 2023 - -
Additions 13,625 13,625
  ───────── ─────────
At 30 June 2024 13,625 13,625
  ───────── ─────────
Depreciation
At 12 May 2023 - -
Charge for the financial period 2,725 2,725
  ───────── ─────────
At 30 June 2024 2,725 2,725
  ───────── ─────────
Net book value
At 30 June 2024 10,900 10,900
  ═════════ ═════════
     
7. Investment Properties
  Investment
  properties
 
  £
Cost
At 12 May 2023 -
Additions 396,249
  ─────────
At 30 June 2024 396,249
  ─────────
Net book value
At 30 June 2024 396,249
  ═════════
     
8. Capital commitments
 
The company had no material capital commitments at the financial period-ended 30 June 2024.
   
9. Parent company
 
The company regards ADM Group Holdings Ltd as its parent company.
 
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.