DRUMGALLAGH HOMES LIMITED

DRUMGALLAGH HOMES LIMITED

Statement of Financial Position

As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets		155,000	155,000
		155,000	155,000
Current assets
Debtors	2	15,848	9,832
Cash at bank and in hand		29,975	24,800
		45,823	34,632
Creditors: amount falling due within one year	3	(5,395)	(2,917)
Net current assets/(liabilities)		40,428	31,715


Total assets less current liabilities		195,428	186,715
Provisions for liabilities	4	(16,948)	(16,948)
Net assets/(liabilities)		178,480	169,767

Capital and reserves
Called up share capital		100	100
Reserves	5	88,052	88,052
Profit and loss account		90,328	81,615
Shareholders fund		178,480	169,767

For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.

Signed on behalf of the board of directors:

----------------------------------
John Patrick Mcgowan
Director

Date approved: 30 October 2025

DRUMGALLAGH HOMES LIMITED

Notes to the Accounts

For the year ended 31 January 2025

Statutory Information

DRUMGALLAGH HOMES LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 06462875, registration address 31-32 High Street, Wellingborough, Northants, NN8 4HL, United Kingdom.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

Investment properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

Revaluation Reserve

Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the fair value reserve (see also note 5).

Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

Debtors: amounts falling due within one year

	2025 £	2024 £
Prepayments	326	310
Directors' current account	15,522	9,522
	15,848	9,832

Creditors: amount falling due within one year

	2025 £	2024 £
Trade creditors	96	72
Accrued expenses	705	672
Other creditors	2,550	450
Corporation tax	2,044	1,723
	5,395	2,917

Provisions for liabilities

	2025 £		2024 £
Deferred tax	16,948		16,948
	16,948		16,948

Reserves

	2025 £		2024 £
Fair value reserve	88,052		88,052
	88,052		88,052

6.	Average number of employees Average number of employees during the year was 0 (2024: 0).

Contents Page

Business Information

Statement of Financial Position

Notes to the Accounts