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Registration number: 09504292

Donostia Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Donostia Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Donostia Holdings Limited

Company Information

Directors

Melody Jane Adams

Nemanja Borjanovic

Registered office

10 Seymour Place
Marble Arch
London
W1H 7ND

Accountants

Carbon Accountancy Limited
80-83 Long Lane
London
EC1A 9ET

 

Donostia Holdings Limited

(Registration number: 09504292)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

210

210

Current assets

 

Cash at bank and in hand

 

799,990

-

Creditors: Amounts falling due within one year

5

(110)

(110)

Net current assets/(liabilities)

 

799,880

(110)

Net assets

 

800,090

100

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

799,990

-

Shareholders' funds

 

800,090

100

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2024 and signed on its behalf by:
 

.........................................
Melody Jane Adams
Director

.........................................
Nemanja Borjanovic
Director

 

Donostia Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
10 Seymour Place
Marble Arch
London
W1H 7ND

These financial statements were authorised for issue by the Board on 12 March 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 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.

 

Donostia Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

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 directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

210

210

Subsidiaries

£

Cost or valuation

At 1 June 2022

210

Provision

Carrying amount

At 31 May 2023

210

At 31 May 2022

210

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Donostia Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Donostia Restaurants Limited

10 Seymour Place, London W1H 7ND

United Kingdom

Ordinary shares

97.44%

97.44%

Lurra Limited

54d St. Michael Street, London W2 1QR

United Kingdom

Ordinary shares

100%

100%

Waterloo FMH Limited

30a Frognal, London NW3 6AG

United Kingdom

Orinary shares

100%

100%

Subsidiary undertakings

Donostia Restaurants Limited

The principal activity of Donostia Restaurants Limited is Licensed Restaurants.

Lurra Limited

The principal activity of Lurra Limited is Licensed Restaurants.

Waterloo FMH Limited

The principal activity of Waterloo FMH Limited is holiday and other collective accomodation.

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

110

110

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100