COMPANY REGISTRATION NUMBER:
NI619041
|
Ducales Trading No.4 Limited |
|
|
Filleted Abridged Financial Statements |
|
|
Ducales Trading No.4 Limited |
|
|
Abridged Statement of Financial Position |
|
30 September 2025
Fixed assets
|
Tangible assets |
4 |
6,979,287 |
7,103,898 |
|
|
|
|
Current assets
|
Stocks |
25,597 |
21,704 |
|
Debtors |
35,134 |
152,096 |
|
Cash at bank and in hand |
230,725 |
297,579 |
|
--------- |
--------- |
|
291,456 |
471,379 |
|
|
|
|
Creditors: amounts falling due within one year |
(
4,456,117) |
(
4,780,867) |
|
------------ |
------------ |
|
Net current liabilities |
(
4,164,661) |
(
4,309,488) |
|
------------ |
------------ |
|
Total assets less current liabilities |
2,814,626 |
2,794,410 |
|
|
|
Provisions
|
Deferred tax |
(
1,509,816) |
(
1,098,388) |
|
------------ |
------------ |
|
Net assets |
1,304,810 |
1,696,022 |
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------------ |
------------ |
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Revaluation reserve |
754,750 |
754,750 |
|
Profit and loss account |
550,058 |
941,270 |
|
------------ |
------------ |
|
Shareholders' funds |
1,304,810 |
1,696,022 |
|
------------ |
------------ |
|
|
|
These abridged 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 comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of abridged financial statements for the year ending 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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Ducales Trading No.4 Limited |
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Abridged Statement of Financial Position (continued) |
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30 September 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
18 December 2025
, and are signed on behalf of the board by:
|
T J Jennings CBE |
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|
Director |
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Company registration number:
NI619041
|
Ducales Trading No.4 Limited |
|
Year ended 30 September 2025
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, as modified by the revaluation of certain tangible fixed assets measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company. The principal accounting policies adopted are is set out below.
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.
Investment properties
Investment properties are initially recorded at cost and subsequently stated at their fair value with changes in fair value being recognised in profit or loss. Deferred taxation is provided on gains or losses arising at the rate expected to apply on disposal of the properties.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense.
Cash flow statement
The company is a wholly owned subsidiary company of a group headed by Ducales Capital Limited, and is included in the consolidated financial statements of that company, which are publicly available. Consequently, the company has taken advantage of the exemption within FRS 102, ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ from preparing a cash flow statement.
Revenue recognition
Turnover represents rental income receivable during the period, exclusive of value added tax. Turnover is recognised at the point at which the services are provided.
Income tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
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. Where investment property has been reclassified as tangible fixed assets, cumulative fair value gains have been transferred from retained profits to revaluation reserve.
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:
|
Land & buildings |
- |
2% straight line |
|
Fixtures & fittings |
- |
20% straight line |
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Equipment |
- |
|
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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Ducales Trading No.4 Limited |
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Notes to the Abridged Financial Statements |
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Year ended 30 September 2025
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 16 Talbot Street, Saint Anne's Square, Belfast, BT1 2NF.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
3.
Employee information
The average number of persons employed by the company during the year in addition to the directors was 29 (2024: 11).
4.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 October 2024 |
7,103,898 |
|
Additions |
25,529 |
|
------------ |
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At 30 September 2025 |
7,129,427 |
|
------------ |
|
Depreciation |
|
|
At 1 October 2024 |
– |
|
Charge for the year |
150,140 |
|
------------ |
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At 30 September 2025 |
150,140 |
|
------------ |
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Carrying amount |
|
|
At 30 September 2025 |
6,979,287 |
|
------------ |
|
At 30 September 2024 |
7,103,898 |
|
------------ |
|
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5.
Analysis of other comprehensive income
|
Revaluation reserve |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
|
|
|
|
Year ended 30 September 2024 |
|
|
|
|
Transfer to revaluation reserve |
754,750 |
(754,750)
|
– |
|
--------- |
--------- |
---- |
|
|
|
|
6.
Summary audit opinion
The auditor's report dated
18 December 2025
was
unqualified
.
The senior statutory auditor was
Michael Flannigan
, for and on behalf of
FEB Chartered Accountants
.
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Ducales Trading No.4 Limited |
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Notes to the Abridged Financial Statements (continued) |
|
Year ended 30 September 2025
7.
Related party transactions
Advantage has been taken of the exemption not to disclose transactions with entities that are part of the group, provided that any subsidiary involved is wholly owned.
8.
Controlling party
The company's immediate and ultimate holding company is Ducales Capital Limited, a company incorporated in Northern Ireland. Group financial statements for this company are available to the public from Companies House, Second Floor, The Linenhall, 32-38 Linenhall Street, Belfast, BT2 8BG. The ultimate controlling parties are the shareholders of Ducales Capital Limited.