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REGISTERED NUMBER: 07902097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

DOWNBRIDGE ESTATES LTD

DOWNBRIDGE ESTATES LTD (REGISTERED NUMBER: 07902097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DOWNBRIDGE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: J Green





REGISTERED OFFICE: 43-45 Stamford Hill
London
N16 5SR





REGISTERED NUMBER: 07902097 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DOWNBRIDGE ESTATES LTD (REGISTERED NUMBER: 07902097)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 890 1,047
Investment property 6 1,677,464 1,677,464
1,678,354 1,678,511

CURRENT ASSETS
Debtors 7 175,810 -
Cash at bank 23,217 84,170
199,027 84,170
CREDITORS
Amounts falling due within one year 8 (59,321 ) (63,315 )
NET CURRENT ASSETS 139,706 20,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,818,060

1,699,366

CREDITORS
Amounts falling due after more than one
year

9

(1,243,249

)

(1,021,721

)
NET ASSETS 574,811 677,645

CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 572,774 572,774
Retained earnings 13 1,937 104,771
SHAREHOLDERS' FUNDS 574,811 677,645

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

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

The director acknowledges his 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.

DOWNBRIDGE ESTATES LTD (REGISTERED NUMBER: 07902097)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


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 and authorized for issue by the director and authorised for issue on 17 October 2023 and were signed by:





J Green - Director


DOWNBRIDGE ESTATES LTD (REGISTERED NUMBER: 07902097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Downbridge Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on 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.

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.

4. EMPLOYEES AND DIRECTORS

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

DOWNBRIDGE ESTATES LTD (REGISTERED NUMBER: 07902097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022
and 31 January 2023 2,179
DEPRECIATION
At 1 February 2022 1,132
Charge for year 157
At 31 January 2023 1,289
NET BOOK VALUE
At 31 January 2023 890
At 31 January 2022 1,047

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 1,677,464
NET BOOK VALUE
At 31 January 2023 1,677,464
At 31 January 2022 1,677,464

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2015 420,278
Valuation in 2017 152,496
Cost 1,104,690
1,677,464

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 3,810 -
Other debtors 172,000 -
175,810 -

DOWNBRIDGE ESTATES LTD (REGISTERED NUMBER: 07902097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Taxation and social security - 3,993
Other creditors 59,321 59,322
59,321 63,315

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 10) - 445,516
Other creditors 1,243,249 576,205
1,243,249 1,021,721

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,243,249 532,875

Repayable by instalments
Bank loans more 5 yr by instal - 445,516
Other loans more 5yrs instal - 43,330
- 488,846

10. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,243,249 532,875

Repayable by instalments
Bank loans more 5 yr by instal - 445,516
Other loans more 5yrs instal - 43,330
- 488,846

DOWNBRIDGE ESTATES LTD (REGISTERED NUMBER: 07902097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans - 445,516

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 104,771 572,774 677,545
Deficit for the year (24,834 ) (24,834 )
Dividends (78,000 ) (78,000 )
At 31 January 2023 1,937 572,774 574,711

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Green.