REGISTERED NUMBER: |
ARTHUR STREET (DONCASTER) DEVELOPMENTS |
LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 JULY 2023 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings | 8 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Reclassification/transfer | (980,000 | ) |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Preference shares |
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. |
on behalf of |
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. |