Derrychara Properties Limited iXBRL

Company Registration Number: NI062310

Derrychara Properties Limited

Unaudited Financial Statements

for the financial year ended 31 October 2025

Derrychara Properties Limited

DIRECTOR AND OTHER INFORMATION


Director	Mr J L Cooper


Company Registration Number	NI062310


Registered Office	23 Crest Road
	Enniskillen
	Fermanagh
	BT74 6JJ
	Northern Ireland


Business Address	c/o Mr James Cooper
	Imperial Buildings
	38-40 Queen Elizabeth Road
	Enniskillen
	Co Fermanagh
	BT74 7BY
	Northern Ireland


Accountants	Cooper Irvine Ltd
	Chartered Accountants
	6 Townhall St
	Enniskillen
	Fermanagh
	BT74 7BA
	Northern Ireland


Bankers	Danske Bank
	Omagh Finance Centre
	5-7 Market Street
	Co Tyrone
	BT78 1BN
	Northern Ireland


Solicitors	Cooper Wilkinson Limited
	Imperial Buildings
	Queen Elizabeth Road
	Co Fermanagh
	Northern Ireland

Derrychara Properties Limited

Company Registration Number: NI062310

STATEMENT OF FINANCIAL POSITION

as at 31 October 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

607,403

607,403

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Current Assets

Stocks

38,559

30,761

Creditors: amounts falling due within one year

(3,138,058)

(3,065,884)

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Net Current Liabilities

(3,099,499)

(3,035,123)

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Total Assets less Current Liabilities

(2,492,096)

(2,427,720)

═════════

Capital and Reserves

Called up share capital

Retained earnings

(2,492,098)

(2,427,722)

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Equity attributable to owners of the company

(2,492,096)

(2,427,720)

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 27 July 2026



________________________________
Mr J L Cooper
Director

Derrychara Properties Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

General Information

Derrychara Properties Limited is a company limited by shares incorporated in the Northern Ireland

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

The whole of the company's turnover is attributable to its market in the United Kingdom and is derived from the principal activity of buying, owning, developing, selling and investing in commercial and private property, to rent, lease and maintain same, construction of commercial and private property, roads and pathways, acting as contractors and sub contractors, general building work and any other associated activity or service.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

15% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Going concern

Provided the banks continue to provide the same level of facilities which they have done previously, I have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus I continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Directors

═════════

Property, plant and equipment

Investment

Fixtures,

Total

properties

fittings and

equipment

Cost or Valuation

At 1 November 2024

607,403

234

607,637

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At 31 October 2025

607,403

234

607,637

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Depreciation

At 1 November 2024

234

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At 31 October 2025

234

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Net book value

At 31 October 2025

607,403

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At 31 October 2024

607,403

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The director is of the opinion that the value of investment properties included in the accounts, reflects the fair value of the investment property at the year end.


6.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	38,559	30,761
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.

Creditors

2025

2024

Amounts falling due within one year

Bank overdrafts

831,063

833,420

Trade creditors

435

435

Amounts owed to group undertakings (Note 8)

2,305,723

2,231,192

Amounts owed to connected parties (Note 8)

402

402

Accruals

435

435

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3,138,058

3,065,884

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Securities held by Danske Bank

- Legal Mortgage over Derrychara West, Enniskillen

- Legal mortgage over Derrychara East, Enniskillen

- Floating Charge

- Legal Mortgage over 4/6 Townhall St & Offices fronting Queen Elizabeth Road

- Legal Mortgage over Water Street, Enniskillen

- Company Guarantee £1,500,000

- Joint/shared Guarantee £1,500,000

- Legal Mortgage over Lands at Goblusk, Enniskillen


8.	Related party transactions

	The following amounts are due to other connected parties:
		2025	2024
		£	£

	RJW Developments Ltd	402	402
		═════════	═════════

Transactions and balances with group companies:

2025

2024

Group Undertaking Creditors

The Imperial Hotel (Enniskillen) Limited

1,187,911

1,113,380

J & W Cooper Developments Ltd

1,117,812

1,117,812

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2,305,723

2,231,192

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Parent company

The company regards J & W Cooper Developments Ltd as its parent company. Derrychara Properties Limited is a wholly owned subsidiary of J & W Cooper Developments Ltd.