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REGISTERED NUMBER: NI031753 (Northern Ireland)















DRUMLISH DEVELOPMENTS LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2025






DRUMLISH DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI031753)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DRUMLISH DEVELOPMENTS LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: P Barrett





REGISTERED OFFICE: 93 Derry Rd
Strabane
Co. Tyrone
BT82 8LD





REGISTERED NUMBER: NI031753 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

DRUMLISH DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI031753)

Statement of Financial Position
31 JANUARY 2025

2025 2024
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 112 143
Investment property 6 637,000 386,533
637,112 386,676

CURRENT ASSETS
Inventories 7 503,245 503,245
Cash at bank 12,699 -
515,944 503,245
PAYABLES
Amounts falling due within one year 8 (278,894 ) (36,226 )
NET CURRENT ASSETS 237,050 467,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,162

853,695

PAYABLES
Amounts falling due after more than
one year

9

-

(11,594

)
NET ASSETS 874,162 842,101

CAPITAL AND RESERVES
Called up share capital 10 950,560 950,560
Retained earnings (76,398 ) (108,459 )
SHAREHOLDERS' FUNDS 874,162 842,101

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each 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.

DRUMLISH DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI031753)

Statement of Financial Position - continued
31 JANUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 May 2025 and were signed by:





P Barrett - Director


DRUMLISH DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI031753)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Drumlish Developments Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

DRUMLISH DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI031753)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 February 2024
and 31 January 2025 500 13,003 11,456 24,959
DEPRECIATION
At 1 February 2024 499 12,909 11,408 24,816
Charge for year - 19 12 31
At 31 January 2025 499 12,928 11,420 24,847
NET BOOK VALUE
At 31 January 2025 1 75 36 112
At 31 January 2024 1 94 48 143

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2024 386,533
Additions 344,697
Disposals (94,230 )
At 31 January 2025 637,000
NET BOOK VALUE
At 31 January 2025 637,000
At 31 January 2024 386,533

7. INVENTORIES
2025 2024
£ £
Inventories 503,245 503,245

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts - 13,703
Taxation and social security 2,991 -
Other payables 275,903 22,523
278,894 36,226

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2025 2024
£ £
Bank loans - 11,594

DRUMLISH DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI031753)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
950,560 ORD 1 950,560 950,560