Donard Properties Limited - Filleted accounts

Registered number

NI677219

Donard Properties Limited

Filleted Accounts

31 December 2025

Donard Properties Limited
Registered number:		NI677219
Balance Sheet
as at 31 December 2025

Notes			2025			2024
€				€
Fixed assets
Investments	3		6,051,627			5,492,763
			6,051,627			5,492,763

Current assets
Debtors	4	14,061			79,388
Cash at bank and in hand		14,501			10,275
		28,562			89,663

Creditors: amounts falling due within one year	5	(1,600)			(3,145)

Net current assets			26,962			86,518

Total assets less current liabilities			6,078,589			5,579,281

Creditors: amounts falling due after more than one year	6		(6,614,814)			(6,017,055)

Net liabilities			(536,225)			(437,774)

Capital and reserves
Called up share capital			117			117
Profit and loss account			(536,342)			(437,891)

Shareholders' funds			(536,225)			(437,774)

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 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 or loss for the financial year, in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.
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.



Ian Cummins
Director
Approved by the board on 3 June 2026

Donard Properties Limited
Notes to the Accounts
for the year ended 31 December 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under going concern basis and the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0

3	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
€			€		€
	Cost
	At 1 January 2025	-		5,492,763		5,492,763
	Additions	-		558,864		558,864

	At 31 December 2025	-		6,051,627		6,051,627

4	Debtors			2025		2024
€					€

	Other debtors			14,061		79,388
				14,061		79,388

	Amounts due after more than one year included above			12,362		74,385

5	Creditors: amounts falling due within one year			2025		2024
€					€

	Other creditors			1,600		3,145
				1,600		3,145

6	Creditors: amounts falling due after one year			2025		2024
€					€

	Amounts owed to group undertakings and undertakings in which the company has a participating interest			1,237,740		1,038,407
	Other creditors			5,377,074		4,978,648
				6,614,814		6,017,055

7	Events after the reporting date
	There have been no significant events affecting the company since the year end.

8	Off-balance sheet arrangements
	There have been no off-balance sheet arrangements made during the accounting period.

9	Controlling party
	The company is a 90% owned subsidiary of Donard Holdings Limited, a company incorporated in Northern Ireland with a registered office address at 27 Cloverdale, Newry, Co. Down, Northern Ireland BT34 1HY.

10	Other information
	Donard Properties Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is: 27 Cloverdale, Newry, Co. Down, Northern Ireland, BT34 1HY