Relate AccountsProduction v2.6.3 v2.6.3 2022-04-01 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. 15 September 2023 NI643525 2023-03-31 NI643525 2022-03-31 NI643525 2021-03-31 NI643525 2022-04-01 2023-03-31 NI643525 2021-04-01 2022-03-31 NI643525 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI643525 uk-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI643525 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI643525 uk-bus:Director1 2022-04-01 2023-03-31 NI643525 uk-bus:RegisteredOffice 2022-04-01 2023-03-31 NI643525 uk-bus:Agent1 2022-04-01 2023-03-31 NI643525 uk-core:ShareCapital 2023-03-31 NI643525 uk-core:ShareCapital 2022-03-31 NI643525 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI643525 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI643525 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI643525 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI643525 uk-bus:FRS102 2022-04-01 2023-03-31 NI643525 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 NI643525 uk-core:CurrentFinancialInstruments 2023-03-31 NI643525 uk-core:CurrentFinancialInstruments 2022-03-31 NI643525 uk-core:WithinOneYear 2023-03-31 NI643525 uk-core:WithinOneYear 2022-03-31 NI643525 uk-core:WithinOneYear 2023-03-31 NI643525 uk-core:WithinOneYear 2022-03-31 NI643525 uk-core:AfterOneYear 2023-03-31 NI643525 uk-core:AfterOneYear 2022-03-31 NI643525 uk-core:EmployeeBenefits 2022-03-31 NI643525 uk-core:EmployeeBenefits 2022-04-01 2023-03-31 NI643525 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI643525 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-03-31 NI643525 uk-core:OtherDeferredTax 2023-03-31 NI643525 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-03-31 NI643525 uk-core:EmployeeBenefits 2023-03-31 NI643525 2022-04-01 2023-03-31 NI643525 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI643525

Donegall Enterprises Limited

Unaudited Financial Statements

for the financial year ended 31 March 2023

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 2023

|  |  | 2023 |  | 2022
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | 2,328,313 |  | 2,328,454
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 5 | 5,692 |  | 5,404
Cash and cash equivalents |  |  | 30,696 |  | 14,548
|  |  | ───────── |  | ─────────
|  |  | 36,388 |  | 19,952
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 6 | (320,566) |  | (295,540)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (284,178) |  | (275,588)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 2,044,135 |  | 2,052,866
Creditors:

amounts falling due after more than one year |  | 7 | (2,000,000) |  | (2,000,000)
Provisions for liabilities |  | 9 | (16,959) |  | (18,260)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 27,176 |  | 34,606
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 140 |  | 140
Retained earnings |  |  | 27,036 |  | 34,466
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 27,176 |  | 34,606
|  |  | ═════════ |  | ═════════
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 2023 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 15 September 2023

________________________________ |  |  |  |  |
Mark Weiniger |  |  |  |  |
Director |  |  |  |  |

Donegall Enterprises Limited

Notes to the Financial Statements |
for the financial year ended 31 March 2023

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 2023 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, (2022 - 2).
|  | 2023 | 2022
|  | Number | Number
| Director | 1 | 1
| Employee | 1 | 1
|  | ───────── | ─────────
|  | 2 | 2
|  | ═════════ | ═════════

4. | Tangible assets
|  | Investment | Fixtures, | Total
|  | properties | fittings and |
|  |  | equipment |
|  | £ | £ | £
| Cost
| At 1 April 2022 | 2,326,970 | 2,236 | 2,329,206
| Additions | - | 383 | 383
|  | ───────── | ───────── | ─────────
| At 31 March 2023 | 2,326,970 | 2,619 | 2,329,589
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 April 2022 | - | 752 | 752
| Charge for the financial year | - | 524 | 524
|  | ───────── | ───────── | ─────────
| At 31 March 2023 | - | 1,276 | 1,276
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 March 2023 | 2,326,970 | 1,343 | 2,328,313
|  | ═════════ | ═════════ | ═════════
| At 31 March 2022 | 2,326,970 | 1,484 | 2,328,454
|  | ═════════ | ═════════ | ═════════

5. | Debtors | 2023 | 2022
|  | £ | £
| Trade debtors | 797 | 4,783
| Taxation (Note 8) | 3,695 | -
| Prepayments and accrued income | 1,200 | 621
|  | ───────── | ─────────
|  | 5,692 | 5,404
|  | ═════════ | ═════════

6. | Creditors | 2023 | 2022
| Amounts falling due within one year | £ | £
| Bank loan | 38,012 | 47,500
| Trade creditors | 52,513 | 6,598
| Taxation (Note 8) | 2,000 | 8,335
| Director's current account | 191,169 | 200,657
| Other creditors | 7,800 | 3,600
| Accruals | 29,072 | 28,850
|  | ───────── | ─────────
|  | 320,566 | 295,540
|  | ═════════ | ═════════

7. | Creditors | 2023 | 2022
| Amounts falling due after more than one year | £ | £
| Director's loan accounts | 2,000,000 | 2,000,000
|  | ═════════ | ═════════

8. | Taxation | 2023 | 2022
|  | £ | £
| Debtors:
| VAT | 3,695 | -
|  | ═════════ | ═════════
| Creditors:
| VAT | - | 5,727
| PAYE / NI | - | 447
| Income Tax due | 2,000 | 2,161
|  | ───────── | ─────────
|  | 2,000 | 8,335
|  | ═════════ | ═════════

9. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Losses | Total | Total
|  | allowances |  |  |
|  |  |  | 2023 | 2022
|  | £ | £ | £ | £
| At financial year start | 19,866 | (1,606) | 18,260 | 16,027
| Charged to profit and loss | 2,410 | (3,711) | (1,301) | 2,233
|  | ───────── | ───────── | ───────── | ─────────
| At financial year end | 22,276 | (5,317) | 16,959 | 18,260
|  | ═════════ | ═════════ | ═════════ | ═════════

10. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 March 2023.

11. | Director's advances, credits and guarantees
| During the financial year, the company repaid £9,487 of the loan from the director. The balance at the year end is £2,191,170 (2021: 2,200,657).

12. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.