1 April 2024 false Taxfiler 2024.6 NI637253 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI637253 2024-03-31 NI637253 2024-04-01 2025-03-31 NI637253 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 NI637253 business:FilletedAccounts 2024-04-01 2025-03-31 NI637253 2025-03-31 NI637253 business:Director1 2024-04-01 2025-03-31 NI637253 business:Director2 2024-04-01 2025-03-31 NI637253 business:Director3 2024-04-01 2025-03-31 NI637253 business:RegisteredOffice 2024-04-01 2025-03-31 NI637253 2024-03-31 NI637253 core:WithinOneYear 2025-03-31 NI637253 core:WithinOneYear 2024-03-31 NI637253 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 NI637253 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 NI637253 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 NI637253 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 NI637253 core:PreviouslyStatedAmount 2025-03-31 NI637253 core:PreviouslyStatedAmount 2024-03-31 NI637253 business:SmallEntities 2024-04-01 2025-03-31 NI637253 countries:NorthernIreland 2024-04-01 2025-03-31 NI637253 core:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 NI637253 business:OrdinaryShareClass1 2024-04-01 2025-03-31 NI637253 business:OrdinaryShareClass1 2023-04-01 2024-03-31 NI637253 business:OrdinaryShareClass2 2024-04-01 2025-03-31 NI637253 business:OrdinaryShareClass2 2023-04-01 2024-03-31 NI637253 business:OrdinaryShareClass3 2024-04-01 2025-03-31 NI637253 business:OrdinaryShareClass3 2023-04-01 2024-03-31 NI637253 business:OrdinaryShareClass4 2024-04-01 2025-03-31 NI637253 business:OrdinaryShareClass4 2023-04-01 2024-03-31 NI637253 business:AllOrdinaryShares 2024-04-01 2025-03-31 NI637253 business:AllOrdinaryShares 2023-04-01 2024-03-31 NI637253 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI637253 (Northern Ireland)
Dune (Investments) Limited Unaudited accounts for the year ended 31 March 2025
Dune (Investments) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Dune (Investments) Limited Company Information for the year ended 31 March 2025
Directors
Raymond Duddy John Duddy Sandra Duddy
Company Number
NI637253 (Northern Ireland)
Registered Office
4 The Grange Shore Road Newtownabbey County Antrim BT37 0UJ
Accountants
J H & Co Accountants Ltd 20 Magheralave Park East Lisburn BT28 3BT
- 3 -
Dune (Investments) Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
92,575
92,575
Investments
5
480,669
470,918
573,244
563,493
Current assets
Cash at bank and in hand
284,620
214,279
Creditors: amounts falling due within one year
6
(650,123)
(644,261)
Net current liabilities
(365,503)
(429,982)
Net assets
207,741
133,511
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
207,641
133,411
Shareholders' funds
207,741
133,511
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by
Raymond Duddy Director Company Registration No. NI637253
- 4 -
Dune (Investments) Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Dune (Investments) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI637253. The registered office is 4 The Grange, Shore Road, Newtownabbey, County Antrim, BT37 0UJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention, modified to include investment properties and certain fixed asset investments at fair value. The principal accounting policies adopted are set out below.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property, which is property held to earn rentals or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Fixed Asset Investments
Fixed Asset Investments are recorded in the accounts initially at cost and then at fair value at the period end. The uplift from cost to fair value is recognised in the income statement in the period.
Cash at hand and in bank
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of the direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Dune (Investments) Limited Notes to the Accounts for the year ended 31 March 2025
Leases
Rental income from operating lease is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
4
Investment property
2025
£
Fair value at 1 April 2024
92,575
At 31 March 2025
92,575
Investment property comprises of two properties, 1 Ainsworth Street and 13 Forster Street Belfast.
5
Investments
Other investments
£
Valuation at 1 April 2024
470,918
Fair value adjustments
9,751
Valuation at 31 March 2025
480,669
Investments are recorded at fair value as determined by Quilter Cheviot Stockbrokers.
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
19,168
5,492
Other creditors
630,955
638,769
650,123
644,261
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
13 A Ordinary shares of £1 each
13
13
13 B Ordinary shares of £1 each
13
13
37 C Ordinary shares of £1 each
37
37
37 D Ordinary shares of £1 each
37
37
100
100
8
Transactions with related parties
During the year the company entered into transactions of £7,965 (2024: £7,278) with related parties. The amounts owed to entities under the control, joint control or significant influence was £630,524 (2024: £638,489). No dividends were declared during the year (2024: £0).
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 6 -