O'Dolan Properties Limited 30/06/2025 iXBRL

Company registration number: NI065359

O'Dolan Properties Limited

Unaudited filleted financial statements

30 June 2025

O'Dolan Properties Limited

Contents

Directors report

Accountants report

Balance sheet

Notes to the financial statements

O'Dolan Properties Limited

Directors report

Year ended 30 June 2025

The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2025.

Directors

The directors who served the company during the year were as follows:

Damian O'Dolan

Patricia O'Dolan

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 June 2026 and signed on behalf of the board by:

Damian O'Dolan

Director

O'Dolan Properties Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of O'Dolan Properties Limited

Year ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of O'Dolan Properties Limited for the year ended 30 June 2025 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of O'Dolan Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of O'Dolan Properties Limited and state those matters that we have agreed to state to the board of directors of O'Dolan Properties Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O'Dolan Properties Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that O'Dolan Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of O'Dolan Properties Limited. You consider that O'Dolan Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of O'Dolan Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jones Peters

Chartered Accountants

6/7 Church Street

Banbridge

Down

BT32 4AA

26 June 2026

O'Dolan Properties Limited

Balance sheet

30 June 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	2,493		8,827
Investments	7	2,718,572		2,718,572
		_______		_______
			2,721,065		2,727,399

Current assets
Stocks		929,290		942,376
Debtors	8	3,362		715
Cash at bank and in hand		21,191		12,638
		_______		_______
		953,843		955,729
Creditors: amounts falling due
within one year	9	( 1,802,526)		( 2,011,298)
		_______		_______
Net current liabilities			( 848,683)		( 1,055,569)
			_______		_______
Total assets less current liabilities			1,872,382		1,671,830

Creditors: amounts falling due
after more than one year	10		-		( 34,699)
			_______		_______
Net assets			1,872,382		1,637,131
			_______		_______

Capital and reserves
Called up share capital	11		10		10
Profit and loss account			1,872,372		1,637,121
			_______		_______
Shareholders funds			1,872,382		1,637,131
			_______		_______

For the year ending 30 June 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.

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 Profit and loss account and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 June 2026 , and are signed on behalf of the board by:

Damian O'Dolan

Director

Company registration number: NI065359

O'Dolan Properties Limited

Notes to the financial statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Ashworth House, Dublin Road, Enniskillen, BT74 4HN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Plant and machinery	-	20 %
Motor vehicles	-	20 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date by the directors, 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. 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 are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	80,529	37,668
Adjustments in respect of previous periods	-	( 165)
	_______	_______
Tax on profit	80,529	37,503
	_______	_______

Reconciliation of tax expense

	2025	2024
	£	£
Profit before taxation	315,780	143,053
	_______	_______

Profit multiplied by rate of tax	78,945	35,763
Adjustments in respect of prior periods	-	( 165)
Effect of capital allowances and depreciation	1,584	1,905
	_______	_______
Tax on profit	80,529	37,503
	_______	_______

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 July 2024 and 30 June 2025	60,123	7,000	67,123
	_______	_______	_______
Depreciation
At 1 July 2024	51,413	6,883	58,296
Charge for the year	6,217	117	6,334
	_______	_______	_______
At 30 June 2025	57,630	7,000	64,630
	_______	_______	_______
Carrying amount
At 30 June 2025	2,493	-	2,493
	_______	_______	_______
At 30 June 2024	8,710	117	8,827
	_______	_______	_______

7. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 July 2024 and 30 June 2025	2,718,572	2,718,572
	_______	_______
Impairment
At 1 July 2024 and 30 June 2025	-	-
	_______	_______
Carrying amount
At 30 June 2025	2,718,572	2,718,572
	_______	_______
At 30 June 2024	2,718,572	2,718,572
	_______	_______

8. Debtors

	2025	2024
	£	£
Other debtors	3,362	715
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	41,642	110,036
Corporation tax	102,831	53,859
Social security and other taxes	4,170	3,907
Other creditors	1,653,883	1,843,496
	_______	_______
	1,802,526	2,011,298
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	34,699
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	10	10	10	10
	_______	_______	_______	_______

12. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Damian O'Dolan	( 494,266)	( 88,860)	( 583,126)
	Patricia O'Dolan	( 494,265)	( 88,861)	( 583,126)
		_______	_______	_______
		( 988,531)	( 177,721)	( 1,166,252)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Damian O'Dolan	( 747,412)	253,146	( 494,266)
	Patricia O'Dolan	( 747,412)	253,147	( 494,265)
		_______	_______	_______
		( 1,494,824)	506,293	( 988,531)
		_______	_______	_______