0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,255,475 119,148 24,282 2,350,341 2,350,341 2,255,475 xbrli:pure xbrli:shares iso4217:GBP 12667622 2022-07-01 2023-06-30 12667622 2023-06-30 12667622 2022-06-30 12667622 2021-07-01 2022-06-30 12667622 2022-06-30 12667622 2021-06-30 12667622 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 12667622 bus:Director1 2022-07-01 2023-06-30 12667622 core:LandBuildings 2022-07-01 2023-06-30 12667622 core:WithinOneYear 2023-06-30 12667622 core:WithinOneYear 2022-06-30 12667622 core:ShareCapital 2023-06-30 12667622 core:ShareCapital 2022-06-30 12667622 core:RetainedEarningsAccumulatedLosses 2023-06-30 12667622 core:RetainedEarningsAccumulatedLosses 2022-06-30 12667622 core:LandBuildings 2023-06-30 12667622 core:LandBuildings 2022-06-30 12667622 core:LandBuildings 2022-06-30 12667622 bus:SmallEntities 2022-07-01 2023-06-30 12667622 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12667622 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12667622 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12667622 bus:FullAccounts 2022-07-01 2023-06-30 12667622 bus:OrdinaryShareClass1 2023-06-30 12667622 bus:OrdinaryShareClass1 2022-06-30
COMPANY REGISTRATION NUMBER: 12667622
Doocey Properties Ltd
Filleted Unaudited Financial Statements
30 June 2023
Doocey Properties Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
3
2,350,341
2,255,475
Current assets
Debtors
4
68,679
326,996
Cash at bank and in hand
78,301
31,802
--------
--------
146,980
358,798
Creditors: amounts falling due within one year
5
2,428,305
2,595,808
-----------
-----------
Net current liabilities
2,281,325
2,237,010
-----------
-----------
Total assets less current liabilities
69,016
18,465
Accruals and deferred income
1,610
1,950
-------
-------
Net assets
67,406
16,515
-------
-------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
67,306
16,415
-------
-------
Shareholders funds
67,406
16,515
-------
-------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Doocey Properties Ltd
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 1 December 2023 , and are signed on behalf of the board by:
Mr M A Doocey
Director
Company registration number: 12667622
Doocey Properties Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered and trading in England and Wales with the registration number 12667622 . The address of the registered office is The Old Stables, Watery Lane, Tipton, England, DY4 8NA.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
3. Tangible assets
Land and buildings
£
Cost
At 1 July 2022
2,255,475
Additions
119,148
Disposals
( 24,282)
-----------
At 30 June 2023
2,350,341
-----------
Depreciation
At 1 July 2022 and 30 June 2023
-----------
Carrying amount
At 30 June 2023
2,350,341
-----------
At 30 June 2022
2,255,475
-----------
4. Debtors
2023
2022
£
£
Trade debtors
63,619
10,603
Other debtors
5,060
316,393
-------
--------
68,679
326,996
-------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
985
2,340
Social security and other taxes
34,947
4,695
Other creditors
2,386,482
2,582,882
Other creditors - prepaid rental income
5,891
5,891
-----------
-----------
2,428,305
2,595,808
-----------
-----------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
7. Directors' advances, credits and guarantees
At the reporting date the directors loan account was in debit by £100 (2022: £100). There is no fixed term for repayment and no interest is charged. Transactions during the year can be summarised as follows: Opening Balance Brought Forward £100 Net Advance (0% Interest) £0 Closing Balance Carried Forward £100