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COMPANY REGISTRATION NUMBER: NI638064

LIGONIEL DEVELOPMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

LIGONIEL DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 4 | – | 793

Current assets

Debtors | 5 | 89,494 | 223,658
Cash at bank and in hand | 5,302 | 21,783
| -------- | ---------
| 94,796 | 245,441

Creditors: amounts falling due within one year | 6 | 31,450 | 146,193
| -------- | ---------
Net current assets | 63,346 | 99,248
| -------- | ---------
Total assets less current liabilities | 63,346 | 100,041
| -------- | ---------
Net assets | 63,346 | 100,041
| -------- | ---------

Capital and reserves

Called up share capital | 7 | 2 | 2
Profit and loss account | 63,344 | 100,039
| -------- | ---------
Shareholders funds | 63,346 | 100,041
| -------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LIGONIEL DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Mr GK McKeever
Director

Company registration number: NI638064

LIGONIEL DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025
1. General information
The company is a private company limited by shares, registered in N Ireland. The address of the registered office is 50 Bedford Street, Belfast, BT2 7FW, N Ireland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
No cash flow statement has been presented for the company.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4. Tangible assets

| Equipment
| £
Cost |
At 1 May 2024 and 30 April 2025 | 3,701
| -------
Depreciation |
At 1 May 2024 | 2,908
Charge for the year | 793
| -------
At 30 April 2025 | 3,701
| -------
Carrying amount |
At 30 April 2025 | –
| -------
At 30 April 2024 | 793
| -------

5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 89,494 | 223,658
| -------- | ---------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 12 | 12
Social security and other taxes | – | 145
Other creditors | 31,438 | 146,036
| -------- | ---------
| 31,450 | 146,193
| -------- | ---------

7. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 2 | 2 | 2 | 2
| ---- | ---- | ---- | ----

8. Directors' advances, credits and guarantees
During the year the company received loans from the director of £36 (2024: £Nil). At the balance sheet date there was £36 outstanding to the Director by the company (2024: £Nil)
9. Related party transactions
The company is related to Dixons Contractors Ltd and Latner 10 Developments Ltd by virtue of a common director, Mr D J Dixon. There were no related party transactions carried out during the year. The company is related to S&G Development Holdings Limited by virtue of a common director, Mr G McKeever. There were no related party transactions carried out during the year The company is related to Osprey Pacific Quay Limited by virtue of common directors, Mr G McKeever and Mr D Dixon. During the year the company received loans of £1,100 (2024: £1,100). At the balance sheet date there was £1,100 outstanding to Osprey Pacific Quay Limited (2024: £1,100).