DIFA_Ltd_31_Dec_2019_companies_house_set_of_accounts.html
DIFA_Ltd_31_Dec_2019_companies_house_set_of_accounts.html
Company registration number:
Statement of Financial Position
| 2019 | 2018 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Investments | 5 | - |
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| Current assets | |||||
| Stocks |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 6 |
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| Net current assets |
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| Total assets less current liabilities | 5,163,166 | 5,164,737 | |||
| Capital and reserves | |||||
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| Share premium |
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| Profit and loss account |
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| Shareholders funds |
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For the year ending 31 December 2019 , 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 August 2020 , and are signed on behalf of the board by:
| Director | Director |
Company registration number:
NI648780
Notes to the Financial Statements
Year ended 31 December 2019
1 General information
The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is Upper Floors , 336 Lisburn Road , Belfast , BT9 6GH , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Fixed asset investments
Impairment
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.
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.
4 Average number of employees
The average number of persons employed by the company during the year was 3 (2018: 3.00 ).
5 Investments
| Shares in group undertakings and participating interests | ||
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| Cost | ||
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| Disposals |
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- | |
| Impairment | ||
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| Disposals |
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| Carrying amount | ||
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| At 31 December 2018 |
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The Investment related to a 25.1% holding in the ordinary share capital of DPAM Properties Ltd, a property.
6 Creditors: amounts falling due within one year
| 2019 | 2018 | |||
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| £ | £ | |||
| Trade creditors | - |
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| Taxation and social security |
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