REGISTERED NUMBER: NI609872 (Northern Ireland)

DERRYCLONE LIMITED

Director's Report and

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Director's Report

2

Income Statement

3

Statement of Financial Position

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6

DIRECTOR:

Des Kelly

REGISTERED OFFICE:

38 Northland row

Dungannon

Co. Tyrone

BT71 6AP

REGISTERED NUMBER:

NI609872 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

The director presents his report with the financial statements of the Company for the year ended 31 December 2024.

DIRECTOR

Des Kelly held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Des Kelly - Director

30 September 2025

TURNOVER

-

71,570

Administrative expenses

(87

)

(87

)

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(87

)

71,483

Tax on (loss)/profit

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(87

)

71,483

CURRENT ASSETS

Debtors: amounts falling due after more than one year

5

591,208

591,208

Cash at bank and in hand

10,393

15,987

601,601

607,195

PAYABLES

Amounts falling due within one year

6

(545,646

)

(551,153

)

NET CURRENT ASSETS

55,955

56,042

TOTAL ASSETS LESS CURRENT LIABILITIES

55,955

56,042

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

55,954

56,041

55,955

56,042

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Des Kelly - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

1

(15,442

)

(15,441

)

Changes in equity

Total comprehensive income

-

71,483

71,483

Balance at 31 December 2023

1

56,041

56,042

Changes in equity

Total comprehensive income

-

(87

)

(87

)

Balance at 31 December 2024

1

55,954

55,955

1.	STATUTORY INFORMATION

Derryclone 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.

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.

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,500,000

AMORTISATION

At 1 January 2024

and 31 December 2024

1,500,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other debtors

591,208

591,208

6.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade payables

1

-

Other payables

545,645

551,153

545,646

551,153