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REGISTERED NUMBER: 02730101 (England and Wales)















ARTHUR STREET (DONCASTER) DEVELOPMENTS
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023






ARTHUR STREET (DONCASTER) DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02730101)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARTHUR STREET (DONCASTER) DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: N J Dobson
S Harrison
D A Stimpson





SECRETARY: N J Dobson





REGISTERED OFFICE: C/O Civic Office
Waterdale
Doncaster
South Yorkshire
DN1 3BU





REGISTERED NUMBER: 02730101 (England and Wales)





AUDITORS: Hawsons Chartered Accountants
Statutory Auditor
5 Sidings Court
White Rose Way
Doncaster
South Yorkshire
DN4 5NU

ARTHUR STREET (DONCASTER) DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02730101)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 980,000

CURRENT ASSETS
Stocks 1,205,000 645,000
Debtors 5 90,196 56,531
Cash at bank 348,750 484,139
1,643,946 1,185,670
CREDITORS
Amounts falling due within one year 6 258,254 129,422
NET CURRENT ASSETS 1,385,692 1,056,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,385,692

2,036,248

CREDITORS
Amounts falling due after more than one
year

7

(666,000

)

(666,000

)

PROVISIONS FOR LIABILITIES - (5,700 )
NET ASSETS 719,692 1,364,548

CAPITAL AND RESERVES
Called up share capital 502,000 502,000
Revaluation reserve 8 - 24,300
Retained earnings 8 217,692 838,248
719,692 1,364,548

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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





N J Dobson - Director


ARTHUR STREET (DONCASTER) DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02730101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Arthur Street (Doncaster) Developments 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.

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.

Turnover
Turnover is recognised at the fair value of rents and services receivable. Rents are recognised as receivable when invoiced.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
As noted in note 10, the company disposed of its interest in the Doncaster Business Innovation Centre, Ten Pound Walk, Doncaster, DN4 5HX on 24 June 2024.

It is the intention of the directors that the company will remain in operation existence for the foreseeable future, although it is their ultimate intention to dispose of the company's interest in its remaining property.

This remaining property is included within stock at its market value.

Stocks
The property in stock is held for resale and is valued at market value.




.

ARTHUR STREET (DONCASTER) DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02730101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 980,000
Reclassification/transfer (980,000 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 980,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,695 45,328
Other debtors 71,501 11,203
90,196 56,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 111,720 39,610
Taxation and social security - 3,942
Other creditors 146,534 85,870
258,254 129,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Preference shares 666,000 666,000

ARTHUR STREET (DONCASTER) DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 02730101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 838,248 24,300 862,548
Deficit for the year (644,856 ) (644,856 )
Transfer 24,300 (24,300 ) -
At 31 July 2023 217,692 - 217,692

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Wormald, Senior Statutory Auditor,
on behalf of Hawsons Chartered Accountants

10. ULTIMATE CONTROLLING PARTY

For the year to 31 July 2023 the company was controlled by City of Doncaster Council, who owned 100% of the ordinary and preference share capital of the company.

11. POST BALANCE SHEET EVENTS

The company disposed of its interest in the Doncaster Business Innovation Centre, Ten Pound Walk, Doncaster, DN4 5HX on 24 June 2024. The sale proceeds at completion were £630,000.