LAGAN DRAGONS LIMITED

Company limited by guarantee

Company Registration Number:
NI677470 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

LAGAN DRAGONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LAGAN DRAGONS LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The principle activities of the Company are to provide facilities for, and to promote participation in the amateur sport of Dragon Boating in Belfast in particular: 1. To encourage women who have been diagnosed with breast cancer to lead full and active lives; 2. To demonstrate the benefits of an active lifestyle through the sport of dragon boat racing; 3. To raise awareness of breast cancer; 4. To provide support and friendship to team members; 5. To promote an interest in dragon boat racing and maintain its traditions; 6. To encourage a high standard of participation in the sport, through the formation of crews and by racing dragon boats; 7. To organise social and competitive events for both members and non-members and to encourage the use of dragon boats for charity purposes; 8. To support the objectives and aims of the Irish Dragon Boat Association (IDBA) as the sport's governing body.

Additional information

Financial Review Plans for future periods Recruitment and Appointment of Executive Committee. Risk management. Organisational structure. Related parties. Statement of Directors' responsibilities.



Directors

The director shown below has held office during the period of
1 April 2024 to 9 September 2024

Clare Dornan

The director shown below has held office during the period of
1 April 2024 to 28 August 2024

Karen Case

The director shown below has held office during the period of
1 April 2024 to 30 June 2024

Deidre Fraser

The director shown below has held office during the period of
3 October 2024 to 31 March 2025

Helen Hosick

The directors shown below have held office during the period of
9 September 2024 to 31 March 2025

Brenda Mulligan
 Mabel Doherty

The director shown below has held office during the period of
9 September 2024 to 22 February 2025

Frances Matthews

The directors shown below have held office during the period of
28 August 2024 to 31 March 2025

Karen Dougan
 Estelle Leckey

The director shown below has held office during the period of
11 June 2024 to 31 March 2025

Maura Canavan

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 September 2025

And signed on behalf of the board by:
Name: Maura Canavan
Status: Director

LAGAN DRAGONS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 34,192 ) ( 37,484 )
Other operating income: 41,533 59,359
Operating profit(or loss): 7,341 21,875
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 7,341 21,875
Profit(or loss) for the financial year: 7,341 21,875

LAGAN DRAGONS LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 28,097 31,691
Total fixed assets: 28,097 31,691
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 54,731 44,265
Total current assets: 54,731 44,265
Prepayments and accrued income: 469 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 55,200 44,265
Total assets less current liabilities: 83,297 75,956
Total net assets (liabilities): 83,297 75,956
Members' funds
Profit and loss account: 83,297 75,956
Total members' funds: 83,297 75,956

The notes form part of these financial statements

LAGAN DRAGONS LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 September 2025
and signed on behalf of the board by:

Name: Maura Canavan
Status: Director

The notes form part of these financial statements

LAGAN DRAGONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. The threshold for capitalisation of items is £2,500. A new extension to the pontoon was partially completed during the year, total cost exceeds the threshold, this was capitalised as it is in use with some adaptations to be completed. Depreciation is charged on a straight-line basis so as to allocate the cost of assets over their estimated useful lives. The assets’ residual values, useful lives and depreciation methods will be reviewed in each reporting period and adjusted should there be an indication of a significant change.

    Other accounting policies

    Basis of accounting Income Expenditure Grants Rent Cash at bank Liabilities and provisions Financial instruments Fund accounting Taxation Cash flow statement exemption

LAGAN DRAGONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

LAGAN DRAGONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 52,832 2,235 55,067
Additions 2,017 2,017
Disposals
Revaluations
Transfers
At 31 March 2025 54,849 2,235 57,084
Depreciation
At 1 April 2024 21,495 1,881 23,376
Charge for year 5,257 354 5,611
On disposals
Other adjustments
At 31 March 2025 26,752 2,235 28,987
Net book value
At 31 March 2025 28,097 0 28,097
At 31 March 2024 31,337 354 31,691