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Registration number: 07167843

Doonbeg Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Doonbeg Holdings Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

Doonbeg Holdings Limited

Company Information

Directors

K Chandaria

B Chandaria

Company secretary

K Chandaria

Registered office

Belfry House
Champions Way
Hendon
London
NW4 1PX

Accountants

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Financial Statements of
Doonbeg Holdings Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Doonbeg Holdings Limited for the year ended 31 December 2023 which comprise the statement of comprehensive income, balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation/a-z.

It is your duty to ensure that Doonbeg Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Doonbeg Holdings Limited. You consider that Doonbeg Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Doonbeg Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Use of our report

This report is made solely to the Board of Directors of Doonbeg Holdings Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Doonbeg Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Doonbeg Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH 07/16 AAF. To the fullest extent permitted by law we do not accept or assume responsibility to anyone other than Doonbeg Holdings Limited and its Board of Directors, as a body, for our work or for this report.

......................................

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

9 August 2024

 

Doonbeg Holdings Limited

(Registration number: 07167843)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

329,683

328,546

Creditors: Amounts falling due within one year

3

(448,700)

(448,700)

Net liabilities

 

(119,017)

(120,154)

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

(119,117)

(120,254)

Shareholders' deficit

 

(119,017)

(120,154)

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of comprehensive income and the directors' report are not delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised for issue by the Board on 8 August 2024 and signed on its behalf by:
 

.........................................
B Chandaria
Director

 

Doonbeg Holdings 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. The registered office address is shown on page 1.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors are of the opinion that the preparation of the financial statements on a going concern basis is justified because the directors have received assurance from the shareholders that they will not recall their loans to the company unless the company will be able to meets its liabilities as they fall due, being a period of at least 12 months from the date on which these financial statements were approved.

Summary of significant accounting policies

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.

Cash at bank and in hand

This comprises cash at bank.

Financial instruments


Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.

The company's cash at bank, and other creditors are measured initially at transaction price, and subsequently at amortised cost using the effective interest method, where appropriate.

 

Doonbeg Holdings Limited

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

3

Creditors: amounts due within one year

Note

2023
£

2022
£

Shareholders' loans

5

446,900

446,900

Accruals

 

1,800

1,800

 

448,700

448,700

4

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

5

Related party transactions

Loans from related parties

2023

Shareholders
£

At start of year

446,900

At end of year

446,900

2022

Shareholders
£

At start of year

446,900

At end of year

446,900

Terms of loans from related parties

Loans from shareholders are unsecured, interest free and repayable on demand.

6

Employee information

The average number of persons employed by the company (including directors) during the year was 2 (2022 - 2).

7

Controlling party

There is no controlling party as no shareholder has more than 50% of the share capital of the company .