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REGISTERED NUMBER: 09488707 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Donegan Consulting Limited

Donegan Consulting Limited (Registered number: 09488707)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Donegan Consulting Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: K S Donegan





REGISTERED OFFICE: C/O Millward May and Co
Suite 9 Market House
21 Market Place
Wokingham
Berkshire
RG40 1AP





REGISTERED NUMBER: 09488707 (England and Wales)





ACCOUNTANTS: Millward, May & Co
Suite 9 Market House
21 Market Place
Wokingham
Berkshire
RG40 1AP

Donegan Consulting Limited (Registered number: 09488707)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210 280
Investments 5 135,001 -
Investment property 6 - 240,000
135,211 240,280

CURRENT ASSETS
Debtors 7 100 2,806
Cash at bank 953 5,419
1,053 8,225
CREDITORS
Amounts falling due within one year 8 3,710 73,383
NET CURRENT LIABILITIES (2,657 ) (65,158 )
TOTAL ASSETS LESS CURRENT LIABILITIES 132,554 175,122

PROVISIONS FOR LIABILITIES 231 -
NET ASSETS 132,323 175,122

CAPITAL AND RESERVES
Called up share capital 9 1 1
Other reserves 1,195 (11,762 )
Retained earnings 131,127 186,883
SHAREHOLDERS' FUNDS 132,323 175,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The 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.

The financial statements were approved by the director and authorised for issue on 19 June 2023 and were signed by:





K S Donegan - Director


Donegan Consulting Limited (Registered number: 09488707)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Donegan Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% reducing balance

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.

Fixed asset investments
Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Donegan Consulting Limited (Registered number: 09488707)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 884
DEPRECIATION
At 1 April 2022 604
Charge for year 70
At 31 March 2023 674
NET BOOK VALUE
At 31 March 2023 210
At 31 March 2022 280

5. FIXED ASSET INVESTMENTS
Shares
£   
COST OR VALUATION
Additions 133,997
Revaluations 1,004
At 31 March 2023 135,001
NET BOOK VALUE
At 31 March 2023 135,001

Cost or valuation at 31 March 2023 is represented by:

Shares
£   
Valuation in 2023 1,004
Cost 133,997
135,001

If the shares had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 133,997 -

Shares were valued on an open market basis on 31 March 2023 by the director .

Donegan Consulting Limited (Registered number: 09488707)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 240,000
Disposals (240,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 240,000


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 100 2,806

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 529 1,164
Other creditors 3,181 72,219
3,710 73,383

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

During the year the Director maintained a loan account with the company. At the year end the Company owed the Director £2,942 (2022 - £48,777). This loan incurred an interest charge of £1,200 (2022 - £887), is repayable on demand and shown within other creditors.

During the year the Company maintained a loan account with a close family member of the Director. At the year end the Company owed the close family member £Nil (2022 - £Nil). This loan incurred an interest charge of £575.