0 false false false false false false false true false false true false false false false false true true No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 344,398 208,070 136,328 136,328 xbrli:pure xbrli:shares iso4217:GBP NI012614 2023-09-01 2024-08-31 NI012614 2024-08-31 NI012614 2023-08-31 NI012614 2022-09-01 2023-08-31 NI012614 2023-08-31 NI012614 2022-08-31 NI012614 bus:Director1 2023-09-01 2024-08-31 NI012614 bus:Director2 2023-09-01 2024-08-31 NI012614 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 NI012614 core:WithinOneYear 2024-08-31 NI012614 core:WithinOneYear 2023-08-31 NI012614 core:ShareCapital 2024-08-31 NI012614 core:ShareCapital 2023-08-31 NI012614 core:RetainedEarningsAccumulatedLosses 2024-08-31 NI012614 core:RetainedEarningsAccumulatedLosses 2023-08-31 NI012614 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 NI012614 bus:SmallEntities 2023-09-01 2024-08-31 NI012614 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI012614 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI012614 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI012614 bus:FullAccounts 2023-09-01 2024-08-31 NI012614 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: NI012614
D Acheson (Limeworks) Limited
Filleted unaudited financial statements
31 August 2024
D Acheson (Limeworks) Limited
Statement of financial position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
136,328
136,328
Current assets
Debtors
6
40,202
40,202
Creditors: amounts falling due within one year
7
14,114
14,114
-------
-------
Net current assets
26,088
26,088
--------
--------
Total assets less current liabilities
162,416
162,416
--------
--------
Capital and reserves
Called up share capital
20,000
20,000
Profit and loss account
142,416
142,416
--------
--------
Shareholders funds
162,416
162,416
--------
--------
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 comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year 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 22 May 2025 , and are signed on behalf of the board by:
Mr JG Acheson
Mr JR Acheson
Director
Director
Company registration number: NI012614
D Acheson (Limeworks) Limited
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland, company registration number NI012614 . The address of the registered office is Unit 10, 4 Molesworth Street, Cookstown, BT80 8NX, Tyrone.
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 and the level of rounding is £1.
Disclosure exemptions
Disclosures in respect of financial instruments have not been presented.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2,4,12.5 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2020: 2).
5. Tangible assets
Freehold property
£
Cost
At 1 September 2023 and 31 August 2024
344,398
--------
Depreciation
At 1 September 2023 and 31 August 2024
208,070
--------
Carrying amount
At 31 August 2024
136,328
--------
At 31 August 2023
136,328
--------
6. Debtors
2024
2023
£
£
Other debtors
40,202
40,202
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to related parties
14,114
14,114
-------
-------
8. Related party transactions
D Acheson (Pressed Brick) Limited and D Acheson (Navan Quarries) Limited constitute related parties by virtue of common control. There were no transactions with either related party during the period or the previous period. Balances outstanding with related parties were:
2024 2023
£ £
Amounts owed by D Acheson (Navan Quarries) Limited 40,202 40,202
Amounts owed to D Acheson (Pressed Brick) Limited 14,114 14,114
9. Ultimate controlling parties
The ultimate controlling parties are JG Acheson and JR Acheson by virtue of their equity shareholdings.