Company Registration No. NI623317 (Northern Ireland)
Drumatihugh Investments Limited
Unaudited accounts
for the year ended 31 March 2025
Drumatihugh Investments Limited
Statement of financial position
as at 31 March 2025
Investments
333,740
301,000
Cash at bank and in hand
302,979
738,559
Creditors: amounts falling due within one year
(95,366)
(850)
Net current assets
569,732
1,114,008
Total assets less current liabilities
1,458,064
1,415,008
Provisions for liabilities
Net assets
1,449,879
1,415,008
Called up share capital
1,000
1,000
Profit and loss account
1,448,879
1,414,008
Shareholders' funds
1,449,879
1,415,008
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 director acknowledges his 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 and authorised for issue on 15 December 2025 and were signed on its behalf by
David Osborne
Director
Company Registration No. NI623317
Drumatihugh Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
Drumatihugh Investments Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI623317. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available the directors believe that Drumatihugh Investments Limited has adequate resources available to enable it to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Fixed asset investments are measured at cost less accumulated impairment. Income received from investments is recognised in the profit and loss account in the year it is received.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
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.
Drumatihugh Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 April 2024
1,000
300,000
301,000
Fair value adjustments
-
32,740
32,740
Valuation at 31 March 2025
1,000
332,740
333,740
Amounts falling due within one year
Amounts due from group undertakings etc.
322,660
362,121
Other debtors
39,459
14,178
7
Creditors: amounts falling due within one year
2025
2024
Loans from directors
94,166
-
8
Deferred taxation
2025
2024
Other deferred taxation
8,185
-
Charged to the profit and loss account
8,185
-
Provision at end of year
8,185
-
Drumatihugh Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Transactions with related parties
Included within debtors are amounts due from connected companies amounting to £322,660 (2024: £362,121).
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).