IRIS Accounts Productionv24.1.4.3307458364Board of Directors1.4.2331.3.2431.3.24falsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074583642023-03-31074583642024-03-31074583642023-04-012024-03-31074583642022-03-31074583642022-04-012023-03-31074583642023-03-3107458364ns15:EnglandWales2023-04-012024-03-3107458364ns14:PoundSterling2023-04-012024-03-3107458364ns10:Director12023-04-012024-03-3107458364ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107458364ns10:SmallEntities2023-04-012024-03-3107458364ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107458364ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107458364ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107458364ns10:FullAccounts2023-04-012024-03-3107458364ns10:OrdinaryShareClass12023-04-012024-03-3107458364ns10:Director22023-04-012024-03-3107458364ns10:RegisteredOffice2023-04-012024-03-3107458364ns5:CurrentFinancialInstruments2024-03-3107458364ns5:CurrentFinancialInstruments2023-03-3107458364ns5:ShareCapital2024-03-3107458364ns5:ShareCapital2023-03-3107458364ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3107458364ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3107458364ns5:RetainedEarningsAccumulatedLosses2024-03-3107458364ns5:RetainedEarningsAccumulatedLosses2023-03-3107458364ns5:PlantMachinery2023-04-012024-03-3107458364ns5:PlantMachinery2023-03-3107458364ns5:PlantMachinery2024-03-3107458364ns5:PlantMachinery2023-03-3107458364ns5:CostValuation2023-03-3107458364ns5:AdditionsToInvestments2024-03-3107458364ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3107458364ns5:CostValuation2024-03-3107458364ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107458364ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107458364ns10:OrdinaryShareClass12024-03-3107458364ns5:RetainedEarningsAccumulatedLosses2023-03-3107458364ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3107458364ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31

REGISTERED NUMBER: 07458364 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for


Nicholas D Downing Limited



Nicholas D Downing Limited (Registered number: 07458364)








Contents of the Financial Statements

for the Year Ended 31 March 2024





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





Nicholas D Downing Limited



Company Information

for the Year Ended 31 March 2024









DIRECTORS:

Mr N D Downing


Mrs M Downing







REGISTERED OFFICE:

Unit 33 Century Business Centre


Century Business Park


Manvers


Rotherham


South Yorkshire


S63 5DA







REGISTERED NUMBER:

07458364 (England and Wales)








Nicholas D Downing Limited (Registered number: 07458364)



Balance Sheet

31 March 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

4,458


1,616



Investments

5

485,239


436,217



489,697


437,833




CURRENT ASSETS

Debtors

6

52,745


55,473



Cash at bank

89,481


67,142



142,226


122,615



CREDITORS

Amounts falling due within one year

7

10,489


13,836



NET CURRENT ASSETS

131,737


108,779



TOTAL ASSETS LESS CURRENT

LIABILITIES

621,434


546,612




PROVISIONS FOR LIABILITIES

847


307



NET ASSETS

620,587


546,305




CAPITAL AND RESERVES

Called up share capital

8

100


100



Fair value reserve

9

40,592


-



Retained earnings

9

579,895


546,205



SHAREHOLDERS' FUNDS

620,587


546,305




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their 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.



Nicholas D Downing Limited (Registered number: 07458364)



Balance Sheet - continued

31 March 2024



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 10 August 2024 and were signed on its behalf by:






Mr N D Downing - Director




Nicholas D Downing Limited (Registered number: 07458364)



Notes to the Financial Statements

for the Year Ended 31 March 2024


1.

STATUTORY INFORMATION



Nicholas D Downing 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 as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery etc

-  

25% on reducing balance and 20% on reducing balance



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.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2023 - 1 ) .



Nicholas D Downing Limited (Registered number: 07458364)



Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2023

9,385




Additions

3,851




At 31 March 2024

13,236




DEPRECIATION


At 1 April 2023

7,769




Charge for year

1,009




At 31 March 2024

8,778




NET BOOK VALUE


At 31 March 2024

4,458




At 31 March 2023

1,616




5.

FIXED ASSET INVESTMENTS


Other


investments

£   



COST OR VALUATION


At 1 April 2023

436,217




Additions

8,430




Revaluations

40,592




At 31 March 2024

485,239




NET BOOK VALUE


At 31 March 2024

485,239




At 31 March 2023

436,217





Nicholas D Downing Limited (Registered number: 07458364)



Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


5.

FIXED ASSET INVESTMENTS - continued



Cost or valuation at 31 March 2024 is represented by:



Other


investments

£   



Valuation in 2017

31,728




Valuation in 2018

438




Valuation in 2019

6,965




Valuation in 2020

(43,482

)



Valuation in 2021

70,565




Valuation in 2022

11,541




Valuation in 2023

(28,214

)



Valuation in 2024

40,592




Cost

395,106



485,239




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade debtors

52,128


54,856




Other debtors

617


617



52,745


55,473




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade creditors

168


179




Taxation and social security

6,493


10,092




Other creditors

3,828


3,565



10,489


13,836




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.3.24


31.3.23


value:

£   

£   



100

Ordinary

£1

100


100





Nicholas D Downing Limited (Registered number: 07458364)



Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


9.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 April 2023

546,205


-


546,205




Profit for the year

35,357


35,357




Dividends

(1,667

)

(1,667

)



Revaluation

-


40,592


40,592




At 31 March 2024

579,895


40,592


620,487