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COMPANY REGISTRATION NUMBER: NI632816
Drumgowna Properties Limited
Filleted Unaudited Financial Statements
31 August 2024
Drumgowna Properties Limited
Statement of Financial Position
31 August 2024
31 Aug 24
27 Aug 23
Note
£
£
Fixed assets
Investments
4
50
Current assets
Debtors
5
1,500
Cash at bank and in hand
100
50
----
-------
100
1,550
Creditors: amounts falling due within one year
6
1,010
----
-------
Net current assets
100
540
----
----
Total assets less current liabilities
100
590
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
490
----
----
Shareholders funds
100
590
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2025 , and are signed on behalf of the board by:
Mrs A McCormick
Mr D McCormick
Director
Director
Company registration number: NI632816
Drumgowna Properties Limited
Notes to the Financial Statements
Period from 28 August 2023 to 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Greenhill Road, Ardmore, Brookeborough, Co Fermanagh, BT94 4EF, Northern Ireland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
4. Investments
Other investments other than loans
£
Cost
At 28 August 2023
50
Disposals
( 50)
----
At 31 August 2024
----
Impairment
At 28 August 2023 and 31 August 2024
----
Carrying amount
At 31 August 2024
----
At 27 August 2023
50
----
5. Debtors
31 Aug 24
27 Aug 23
£
£
Other debtors
1,500
----
-------
6. Creditors: amounts falling due within one year
31 Aug 24
27 Aug 23
£
£
Trade creditors
1,010
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