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Registered Number: 11220600
England and Wales

 

 

 


Abridged Accounts

for the year ended 28 February 2023

for

DONAGHY AND ETHERIDGE LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 325    902 
Investments 4 50    383,550 
375    384,452 
Current assets      
Debtors   730 
Cash at bank and in hand 96,020    6,834 
96,020    7,564 
Creditors: amount falling due within one year (60,228)   (76,469)
Net current assets 35,792    (68,905)
 
Total assets less current liabilities 36,167    315,547 
Creditors: amount falling due after more than one year   (280,365)
Provisions for liabilities   (6,544)
Net assets 36,167    28,638 
 

Capital and reserves
     
Called up share capital 5 10    10 
Revaluation Reserves 6   92,703 
Profit and loss account 36,157    (64,075)
Shareholder's funds 36,167    28,638 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors' of the company have elected not to include the Income Statement within the financial statements.  
The financial statements were approved by the board of directors on 08 November 2023 and were signed on its behalf by:


-------------------------------
L McCullough
Director
1
General Information
Donaghy And Etheridge Limited is a company limited by shares and is incorporated in England and Wales. The address of the registered office is C/O Bluewater, Quadrant Court, 49 Calthorpe Road, Birmingham, B15 1TH. The nature of the company's operations and its principal activity was that of property investment.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 28 February each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Turnover
Turnover comprises of rental income receivable during the period.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
Investment properties
Investment properties for which fair value can be measured reliably on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account. Unrealised gains or losses (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve. 
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2022 120    2,256    2,376 
Additions   368    368 
Disposals (120)   (1,624)   (1,744)
At 28 February 2023   1,000    1,000 
Depreciation
At 01 March 2022 24    1,450    1,474 
Charge for year   200    200 
On disposals (24)   (975)   (999)
At 28 February 2023   675    675 
Net book values
Closing balance as at 28 February 2023   325    325 
Opening balance as at 01 March 2022 96    806    902 


4.

Investments

Cost Investments in group undertakings   Other investments other than loans   Total
  £   £   £
At 01 March 2022 50    383,500    383,550 
Additions    
Transfer to/from tangible fixed assets    
Disposals   (383,500)   (383,500)
At 28 February 2023 50      50 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
10 Ordinary shares of £1.00 each 10    10 
10    10 

2