Company Registration No. 04434589 (England and Wales)
DOWNESBURY (MANAGEMENT) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
DOWNESBURY (MANAGEMENT) LIMITED
COMPANY INFORMATION
Directors
D. Conway
M. Gelb
J. Joels
C. McCaffrey
P. Vasudeva
L. Gurgel
T. Debiase
(Appointed 23 May 2022)
S. Mintschenko
(Appointed 13 July 2022)
Company number
04434589
Registered office
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
DOWNESBURY (MANAGEMENT) LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 6
DOWNESBURY (MANAGEMENT) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2023.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D. Conway
J. Conway
(Resigned 13 July 2022)
M. Gelb
J. Joels
P. Krejci
(Resigned 28 October 2022)
C. McCaffrey
P. Vasudeva
L. Gurgel
T. Debiase
(Appointed 23 May 2022)
S. Mintschenko
(Appointed 13 July 2022)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
J. Joels
Director
28 September 2023
DOWNESBURY (MANAGEMENT) LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DOWNESBURY (MANAGEMENT) LIMITED FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Downesbury (Management) Limited for the year ended 31 March 2023 set out on pages 3 to 6 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Downesbury (Management) Limited, as a body, in accordance with the terms of our engagement letter dated 22 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Downesbury (Management) Limited and state those matters that we have agreed to state to the b oard of d irectors of Downesbury (Management) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Downesbury (Management) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Downesbury (Management) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Downesbury (Management) Limited. You consider that Downesbury (Management) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Downesbury (Management) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Myers Clark
2 October 2023
Chartered Accountants
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
DOWNESBURY (MANAGEMENT) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 3 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Current assets
Debtors
4
9
9
Net current assets
9
9
Net assets
10
10
Capital and reserves
Called up share capital
5
9
9
Other reserves
1
1
Total equity
10
10

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 September 2023 and are signed on its behalf by:
J. Joels
Director
Company registration number 04434589 (England and Wales)
DOWNESBURY (MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
1
Accounting policies
Company information

Downesbury (Management) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Egale 1, 80 St Albans Road, Watford, Hertfordshire, WD17 1DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
The freehold interest is not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

DOWNESBURY (MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.6

Status

During the year the company has acted as agent for the lessees of the property at Downesbury, 40 Steeles Road, London, NW3 4SA. The funds in relation to the maintenance of the property are held in trust. As at 31 March 2023 the cash balance held on behalf of the lessees amounted to £2,696.

The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Downesbury (Management) Limited.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 and 31 March 2023
1
Depreciation and impairment
At 1 April 2022 and 31 March 2023
-
0
Carrying amount
At 31 March 2023
1
At 31 March 2022
1
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
9
9
DOWNESBURY (MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
9
9
9
9
2023-03-31 2022-04-01 true CCH Software CCH Accounts Production 2023.200 No description of principal activity D. Conway J. Conway M. Gelb J. Joels P. Krejci C. McCaffrey P. Vasudeva L. Gurgel T. Debiase S. Mintschenko 04434589 2022-04-01 2023-03-31 04434589 bus:Director1 2022-04-01 2023-03-31 04434589 bus:Director3 2022-04-01 2023-03-31 04434589 bus:Director4 2022-04-01 2023-03-31 04434589 bus:Director6 2022-04-01 2023-03-31 04434589 bus:Director7 2022-04-01 2023-03-31 04434589 bus:Director8 2022-04-01 2023-03-31 04434589 bus:Director9 2022-04-01 2023-03-31 04434589 bus:Director10 2022-04-01 2023-03-31 04434589 bus:Director2 2022-04-01 2023-03-31 04434589 bus:Director5 2022-04-01 2023-03-31 04434589 bus:RegisteredOffice 2022-04-01 2023-03-31 04434589 2023-03-31 04434589 2022-03-31 04434589 core:LandBuildings 2023-03-31 04434589 core:LandBuildings 2022-03-31 04434589 core:ShareCapital 2023-03-31 04434589 core:ShareCapital 2022-03-31 04434589 core:OtherMiscellaneousReserve 2023-03-31 04434589 core:OtherMiscellaneousReserve 2022-03-31 04434589 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04434589 2021-04-01 2022-03-31 04434589 core:LandBuildings 2022-03-31 04434589 core:WithinOneYear 2023-03-31 04434589 core:WithinOneYear 2022-03-31 04434589 bus:EntityHasNeverTraded 2022-04-01 2023-03-31 04434589 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04434589 bus:FRS102 2022-04-01 2023-03-31 04434589 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04434589 bus:FullAccounts 2022-04-01 2023-03-31 xbrli:pure xbrli:shares iso4217:GBP