Doncaster Property Group Limited 11451891 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 11451891 2023-01-01 2023-12-31 11451891 2023-12-31 11451891 core:RetainedEarningsAccumulatedLosses 2023-12-31 11451891 core:ShareCapital 2023-12-31 11451891 core:CurrentFinancialInstruments 2023-12-31 11451891 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11451891 core:Non-currentFinancialInstruments 2023-12-31 11451891 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 11451891 core:LandBuildings 2023-12-31 11451891 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-12-31 11451891 bus:SmallEntities 2023-01-01 2023-12-31 11451891 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11451891 bus:FilletedAccounts 2023-01-01 2023-12-31 11451891 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11451891 bus:RegisteredOffice 2023-01-01 2023-12-31 11451891 bus:Director1 2023-01-01 2023-12-31 11451891 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11451891 core:LandBuildings 2023-01-01 2023-12-31 11451891 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-01-01 2023-12-31 11451891 countries:EnglandWales 2023-01-01 2023-12-31 11451891 2022-12-31 11451891 core:LandBuildings 2022-12-31 11451891 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-12-31 11451891 2022-01-01 2022-12-31 11451891 2022-12-31 11451891 core:RetainedEarningsAccumulatedLosses 2022-12-31 11451891 core:ShareCapital 2022-12-31 11451891 core:CurrentFinancialInstruments 2022-12-31 11451891 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 11451891 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-12-31 11451891 core:Non-currentFinancialInstruments 2022-12-31 11451891 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 11451891 core:LandBuildings 2022-12-31 11451891 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-12-31 11451891 core:PreviouslyStatedAmount 2022-12-31 11451891 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-01-01 2022-12-31 11451891 2021-12-31 11451891 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 11451891

Doncaster Property Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Doncaster Property Group Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Doncaster Property Group Limited

(Registration number: 11451891)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

258,040

274,168

Current assets

 

Debtors

6

135

10

Cash at bank and in hand

 

3,310

205

 

3,445

215

Creditors: Amounts falling due within one year

7

(296,675)

(296,965)

Net current liabilities

 

(293,230)

(296,750)

Total assets less current liabilities

 

(35,190)

(22,582)

Creditors: Amounts falling due after more than one year

7

(19,167)

(29,167)

Net liabilities

 

(54,357)

(51,749)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(54,367)

(51,759)

Shareholders' deficit

 

(54,357)

(51,749)

For the financial year ending 31 December 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 his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2024
 

 

Doncaster Property Group Limited

(Registration number: 11451891)
Balance Sheet as at 31 December 2023

.........................................
Mr N S Griffiths
Director

 

Doncaster Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Unit D Xenon Park
Worcester Avenue
Wheatley
Doncaster
DN2 4NB

These financial statements were authorised for issue by the director on 29 July 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.

 

Doncaster Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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

Land and buildings

20 years straight line

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.

 

Doncaster Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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.

3

Staff numbers

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

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

16,128

16,128

 

Doncaster Property Group Limited

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

5

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

322,552

322,552

At 31 December 2023

322,552

322,552

Depreciation

At 1 January 2023

48,384

48,384

Charge for the year

16,128

16,128

At 31 December 2023

64,512

64,512

Carrying amount

At 31 December 2023

258,040

258,040

At 31 December 2022

274,168

274,168

Included within the net book value of land and buildings above is £258,040 (2022 - £274,168) in respect of short leasehold land and buildings.
 

6

Debtors

2023
£

2022
£

Other debtors

10

10

Prepayments

125

-

135

10

 

Doncaster Property Group Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

500

840

Amounts owed to related parties

9

282,240

285,550

Corporation tax

 

3,341

-

Other creditors

 

-

(1)

Accrued expenses

 

594

576

 

296,675

296,965

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

19,167

29,167

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

19,167

29,167

Current loans and borrowings

2023
£

2022
£

Bank borrowings

10,000

10,000

 

Doncaster Property Group Limited

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

9

Related party transactions

Loans from related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

285,527

285,527

Repaid

(3,310)

(3,310)

At end of period

282,217

282,217

2022

Entities with joint control or significant influence
£

Total
£

At start of period

273,437

273,437

Advanced

12,090

12,090

At end of period

285,527

285,527

Terms of loans from related parties

There are no repayment terms and interest is not charged on the balances.