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REGISTERED NUMBER: 00560544 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Downs Mower Services Limited

Downs Mower Services Limited (Registered number: 00560544)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Downs Mower Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Anderson





SECRETARY: S M Anderson





REGISTERED OFFICE: Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ





REGISTERED NUMBER: 00560544 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Downs Mower Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Downs Mower Services Limited for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Downs Mower Services Limited in accordance with the terms of our engagement letter dated 15 January 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Downs Mower Services Limited and state those matters that we have agreed to state to the director of Downs Mower Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Downs Mower Services Limited and its director for our work or for this report.

It is your duty to ensure that Downs Mower Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Downs Mower Services Limited. You consider that Downs Mower Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Downs Mower Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


2 February 2024

Downs Mower Services Limited (Registered number: 00560544)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37 50
Investment property 5 1,575,000 1,575,000
1,575,037 1,575,050

CURRENT ASSETS
Inventories 170 210
Debtors 6 2,253 200
Cash at bank 76,121 132,353
78,544 132,763
CREDITORS
Amounts falling due within one year 7 476,839 571,549
NET CURRENT LIABILITIES (398,295 ) (438,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,176,742

1,136,264

PROVISIONS FOR LIABILITIES 8 213,253 213,253
NET ASSETS 963,489 923,011

CAPITAL AND RESERVES
Called up share capital 2,475 2,475
Capital redemption reserve 1,420 1,420
Fair value reserve 9 645,328 645,328
Retained earnings 314,266 273,788
SHAREHOLDERS' FUNDS 963,489 923,011

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Downs Mower Services Limited (Registered number: 00560544)

Statement of Financial Position - continued
31 October 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 by the director and authorised for issue on 2 February 2024 and were signed by:





R Anderson - Director


Downs Mower Services Limited (Registered number: 00560544)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Downs Mower Services Limited 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. 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 as modified by the revaluation of certain assets.

Revenue
Revenue represents net invoiced sales of goods and services, and rental income receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% per annum on cost
Motor vehicles - 25% per annum 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.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Downs Mower Services Limited (Registered number: 00560544)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 777 8,000 8,777
DEPRECIATION
At 1 November 2022 777 7,950 8,727
Charge for year - 13 13
At 31 October 2023 777 7,963 8,740
NET BOOK VALUE
At 31 October 2023 - 37 37
At 31 October 2022 - 50 50

5. INVESTMENT PROPERTY

At each year end the director, R Anderson, revalues the properties to reflect their fair value if appropriate.

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2018 808,580
Valuation in 2021 50,000
Cost 716,420
1,575,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38 -
Other debtors 200 200
Prepayments and accrued income 2,015 -
2,253 200

Downs Mower Services Limited (Registered number: 00560544)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 187 72
Corporation tax 9,477 8,826
Director's current account 463,361 559,008
Accruals and deferred income 3,814 3,643
476,839 571,549

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax provision 213,253 213,253

Deferred
tax
£   
Balance at 1 November 2022 213,253
Balance at 31 October 2023 213,253

9. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 645,328

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.