Derryglade Ltd - Filleted accounts

Registered number

16041335

Derryglade Ltd

Unaudited Filleted Accounts

31 October 2025

Derryglade Ltd
Registered number:		16041335
Balance Sheet
as at 31 October 2025

Notes				2025
£
Fixed assets
Investment property	3			150,000

Creditors: amounts falling due within one year	4		(150,490)

Net current liabilities				(150,490)

Net liabilities				(490)

Capital and reserves
Called up share capital				10
Profit and loss account				(500)

Shareholders' funds				(490)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R A Behrouz
Director
Approved by the board on 25/07/2026.

Derryglade Ltd
Notes to the Accounts
for the period from 25 October 2024 to 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

	Turnover
	Turnover represents rents received and receivable, and investment income, excluding VAT. Income is accounted for on an accruals basis.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025
Number

	Average number of persons employed by the company	2


3	Investment property
Total
£
	Fair value
	Additions	150,000

	At 31 October 2025	150,000

	Historical cost
	At 31 October 2025	150,000

	The investment property was valued on an open market basis on 31 October 2025 by the directors.


4	Creditors: amounts falling due within one year	2025
£

	Accruals and deferred income	500
	Directors' current account	149,990
		150,490


5	Related party transactions

	During the period £150,000 was advanced from and £10 was repaid to the directors. An amount of £149,990 remained due to the directors at the period end.


6	Other information

	Derryglade Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	7 Handside Green
	Welwyn Garden City
	AL8 6SQ

	The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.