Donhead Design Limited 03801981 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of property investments Digita Accounts Production Advanced 6.30.9574.0 true 03801981 2022-10-01 2023-09-30 03801981 2023-09-30 03801981 bus:OrdinaryShareClass1 2023-09-30 03801981 core:CurrentFinancialInstruments 2023-09-30 03801981 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03801981 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 03801981 core:FurnitureFittingsToolsEquipment 2023-09-30 03801981 bus:SmallEntities 2022-10-01 2023-09-30 03801981 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 03801981 bus:FullAccounts 2022-10-01 2023-09-30 03801981 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03801981 bus:RegisteredOffice 2022-10-01 2023-09-30 03801981 bus:CompanySecretaryDirector2 2022-10-01 2023-09-30 03801981 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 03801981 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03801981 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 03801981 countries:EnglandWales 2022-10-01 2023-09-30 03801981 2022-09-30 03801981 core:FurnitureFittingsToolsEquipment 2022-09-30 03801981 2021-10-01 2022-09-30 03801981 2022-09-30 03801981 bus:OrdinaryShareClass1 2022-09-30 03801981 core:CurrentFinancialInstruments 2022-09-30 03801981 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 03801981 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 03801981 core:FurnitureFittingsToolsEquipment 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03801981

Donhead Design Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Donhead Design Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Donhead Design Limited

Company Information

Director

Mrs V L Butcher

Company secretary

Mrs V L Butcher

Registered office

28 Lavender Road
Hordle
Lymington
Hampshire
SO41 0GF

Accountants

Richlands Business Advisers Limited
Chartered Accountants
42-46 Station Road
Edgware
Middlesex
HA8 7AB

 

Donhead Design Limited

(Registration number: 03801981)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,666

3,556

Investment property

5

1,391,979

1,391,979

 

1,394,645

1,395,535

Current assets

 

Debtors

6

1,428

2,262

Cash at bank and in hand

 

10,418

22,494

 

11,846

24,756

Creditors: Amounts falling due within one year

7

(130,336)

(158,093)

Net current liabilities

 

(118,490)

(133,337)

Total assets less current liabilities

 

1,276,155

1,262,198

Creditors: Amounts falling due after more than one year

7

(810,937)

(810,937)

Net assets

 

465,218

451,261

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

465,118

451,161

Shareholders' funds

 

465,218

451,261

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 11 April 2024
 

.........................................

Mrs V L Butcher

Company secretary and director

 

Donhead Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Lavender Road
Hordle
Lymington
Hampshire
SO41 0GF
England

These financial statements were authorised for issue by the director on 11 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Donhead Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

furniture, fittings and equipment

25% - reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Donhead Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Donhead Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

21,981

21,981

At 30 September 2023

21,981

21,981

Depreciation

At 1 October 2022

18,426

18,426

Charge for the year

889

889

At 30 September 2023

19,315

19,315

Carrying amount

At 30 September 2023

2,666

2,666

At 30 September 2022

3,556

3,556

5

Investment properties

2023
£

At 1 October

1,391,979

At 30 September

1,391,979

The fair value of the investment properties at the date of the balance sheet was £1,391,979 (2022: £1,391,979).
The fair value of the investment properties were assessed internally by the directors at the year-end.

 

Donhead Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Debtors

Current

2023
£

2022
£

Prepayments

1,428

2,262

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

656

530

Accrued expenses

 

1,500

1,500

Corporation tax payable

 

1,290

-

Deferred income

 

1,100

1,070

Directors current account

 

125,790

154,993

 

130,336

158,093

Due after one year

 

Loans and borrowings

810,937

810,937

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £10.00 (2022 - £20.00) per ordinary share

 

1,000

 

2,000