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REGISTERED NUMBER: SC045507 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Doncall Properties Limited

Doncall Properties Limited (Registered number: SC045507)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Doncall Properties Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J Don
W Callery



SECRETARY: J Don



REGISTERED OFFICE: 22 Broadleys Road
Springkerse
Stirling
FK7 7TP



REGISTERED NUMBER: SC045507 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: The Royal Bank of Scotland
Stirling Pitt Terrace Branch
2 Pitt Terrace
Stirling
FK8 2EX

Doncall Properties Limited (Registered number: SC045507)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,281 142,610

CURRENT ASSETS
Debtors 5 720 -
Cash at bank 2,778 5,046
3,498 5,046
CREDITORS
Amounts falling due within one year 6 10,035 7,953
NET CURRENT LIABILITIES (6,537 ) (2,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,744

139,703

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 7 18,096 18,819
Retained earnings 116,448 120,684
SHAREHOLDERS' FUNDS 134,744 139,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 September 2023 and were signed on its behalf by:





J Don - Director


Doncall Properties Limited (Registered number: SC045507)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Doncall Properties Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Buildings - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Freehold investment property and buildings is held at historic cost as the directors are of the opinion that fair value is not materially different from historic cost.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Revaluation reserve
The revaluation reserve is being released to the profit and loss account in line with the depreciation policy on heritable property.

3. EMPLOYEES AND DIRECTORS

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

Doncall Properties Limited (Registered number: SC045507)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property Buildings fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 48,000 122,286 1,711 988 172,985
DEPRECIATION
At 1 March 2022 23,040 5,633 1,613 89 30,375
Charge for year 960 33 10 326 1,329
At 28 February 2023 24,000 5,666 1,623 415 31,704
NET BOOK VALUE
At 28 February 2023 24,000 116,620 88 573 141,281
At 28 February 2022 24,960 116,653 98 899 142,610

The cost of property fittings, included in the valuation of rented property, on which depreciation has been charged is £5,954 (2022: £5,954).

The historical cost of heritable property included above at valuation of £48,000 was £11,829 (2022: £11,829) and the aggregate depreciation thereon would have been £5,925 (2022: £5,688).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 300 -
Other debtors 420 -
720 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 400 400
Taxation and social security 3,674 4,236
Other creditors 5,961 3,317
10,035 7,953

7. RESERVES
Revaluation
reserve
£   
At 1 March 2022 18,819
Released in year (723 )

At 28 February 2023 18,096

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,160 (2022 - £7,760) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

It is the opinion of the company directors' that the company has no ultimate controlling party at the balance sheet date.