Relate AccountsProduction v2.6.1 v2.6.1 2021-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the buying, letting and selling of own real estate. 22 July 2022 NI643525 2022-03-31 NI643525 2021-03-31 NI643525 2020-03-31 NI643525 2021-04-01 2022-03-31 NI643525 2020-04-01 2021-03-31 NI643525 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 NI643525 uk-bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 NI643525 uk-bus:FullAccounts 2021-04-01 2022-03-31 NI643525 uk-bus:Director1 2021-04-01 2022-03-31 NI643525 uk-bus:RegisteredOffice 2021-04-01 2022-03-31 NI643525 uk-bus:Agent1 2021-04-01 2022-03-31 NI643525 uk-core:ShareCapital 2022-03-31 NI643525 uk-core:ShareCapital 2021-03-31 NI643525 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI643525 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 NI643525 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI643525 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-03-31 NI643525 uk-bus:FRS102 2021-04-01 2022-03-31 NI643525 uk-core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 NI643525 uk-core:CurrentFinancialInstruments 2022-03-31 NI643525 uk-core:CurrentFinancialInstruments 2021-03-31 NI643525 uk-core:WithinOneYear 2022-03-31 NI643525 uk-core:WithinOneYear 2021-03-31 NI643525 uk-core:WithinOneYear 2022-03-31 NI643525 uk-core:WithinOneYear 2021-03-31 NI643525 uk-core:AfterOneYear 2022-03-31 NI643525 uk-core:AfterOneYear 2021-03-31 NI643525 uk-core:EmployeeBenefits 2021-03-31 NI643525 uk-core:EmployeeBenefits 2021-04-01 2022-03-31 NI643525 uk-core:AcceleratedTaxDepreciationDeferredTax 2022-03-31 NI643525 uk-core:TaxLossesCarry-forwardsDeferredTax 2022-03-31 NI643525 uk-core:OtherDeferredTax 2022-03-31 NI643525 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2022-03-31 NI643525 uk-core:EmployeeBenefits 2022-03-31 NI643525 2021-04-01 2022-03-31 NI643525 uk-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI643525
 
 
Donegall Enterprises Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2022
Donegall Enterprises Limited
Director and Other Information

 
Director Mark Weiniger
 
 
Company Registration Number NI643525
 
 
Registered Office 12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Business Address 1 Donegall Park Avenue
Belfast
BT15 4ET
 
 
Accountants HCA Chartered Accountants Ltd
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Starling Bank
  7th Floor
  Norfolk House
  31 James' Square
  London
  SW1Y 4JR
  United Kingdom



Donegall Enterprises Limited
Company Registration Number: NI643525
Balance Sheet
as at 31 March 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 2,328,454 2,327,580
───────── ─────────
 
Current Assets
Debtors 5 5,404 20,280
Cash and cash equivalents 14,548 55,945
───────── ─────────
19,952 76,225
───────── ─────────
Creditors: amounts falling due within one year 6 (295,540) (337,648)
───────── ─────────
Net Current Liabilities (275,588) (261,423)
───────── ─────────
Total Assets less Current Liabilities 2,052,866 2,066,157
 
Creditors:
amounts falling due after more than one year 7 (2,000,000) (2,000,000)
 
Provisions for liabilities 9 (18,260) (16,027)
───────── ─────────
Net Assets 34,606 50,130
═════════ ═════════
 
Capital and Reserves
Called up share capital 140 140
Retained earnings 34,466 49,990
───────── ─────────
Equity attributable to owners of the company 34,606 50,130
═════════ ═════════
 
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 Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2022 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 22 July 2022
           
________________________________          
Mark Weiniger          
Director          
           



Donegall Enterprises Limited
Notes to the Financial Statements
for the financial year ended 31 March 2022

   
1. General Information
 
Donegall Enterprises Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI643525. The registered office of the company is 12 Cromac Place, Belfast, Co. Antrim, BT7 2JB, Northern Ireland. The principal activity of the company is the buying, letting and selling of own real estate. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. 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 financial year ended 31 March 2022 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 on the going concern basis and 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
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets 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 tangible assets, 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 Profit and Loss Account 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 Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
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.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred 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 Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Preference share capital
The dividend rights of the preference shares are non-cumulative and payment is at the discretion of the company. The preference shares carry voting rights at meetings. Based on their characteristics the preference shares are considered to be presented as equity and not liabilities. There is no option to redeem the preference shares.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2021 - 2).
 
  2022 2021
  Number Number
 
Director 1 1
Employee 1 1
  ───────── ─────────
  2 2
  ═════════ ═════════
         
4. Tangible assets
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost
At 1 April 2021 2,326,970 915 2,327,885
Additions - 1,321 1,321
  ───────── ───────── ─────────
At 31 March 2022 2,326,970 2,236 2,329,206
  ───────── ───────── ─────────
Depreciation
At 1 April 2021 - 305 305
Charge for the financial year - 447 447
  ───────── ───────── ─────────
At 31 March 2022 - 752 752
  ───────── ───────── ─────────
Net book value
At 31 March 2022 2,326,970 1,484 2,328,454
  ═════════ ═════════ ═════════
At 31 March 2021 2,326,970 610 2,327,580
  ═════════ ═════════ ═════════
       
5. Debtors 2022 2021
  £ £
 
Trade debtors 4,783 18,625
Prepayments and accrued income 621 1,655
  ───────── ─────────
  5,404 20,280
  ═════════ ═════════
       
6. Creditors 2022 2021
Amounts falling due within one year £ £
 
Bank loan 47,500 47,500
Trade creditors 6,598 -
Taxation  (Note 8) 8,335 17,941
Director's current account 200,657 226,115
Other creditors 3,600 3,600
Accruals 28,850 42,492
  ───────── ─────────
  295,540 337,648
  ═════════ ═════════
       
7. Creditors 2022 2021
Amounts falling due after more than one year £ £
 
Director's loan accounts 2,000,000 2,000,000
  ═════════ ═════════
 
       
8. Taxation 2022 2021
  £ £
 
Creditors:
VAT 5,727 8,440
PAYE / NI 447 455
Income Tax due 2,161 9,046
  ───────── ─────────
  8,335 17,941
  ═════════ ═════════
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2022 2021
  £ £ £ £
 
At financial year start 16,758 (731) 16,027 -
Charged to profit and loss 3,108 (875) 2,233 16,027
  ───────── ───────── ───────── ─────────
At financial year end 19,866 (1,606) 18,260 16,027
  ═════════ ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2022.
   
11. Director's advances, credits and guarantees
 
During the financial year, the company repaid £25,458 of the loan from the director. The balance at the year end is £2,200,657 (2021: £2,226,115).
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.