Downey Properties Limited 10829725 true 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Auction sales of machinery equipment Digita Accounts Production Advanced 6.30.9574.0 true true 10829725 2023-07-01 2024-06-30 10829725 2024-06-30 10829725 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10829725 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 10829725 bus:SmallEntities 2023-07-01 2024-06-30 10829725 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10829725 bus:FilletedAccounts 2023-07-01 2024-06-30 10829725 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10829725 bus:RegisteredOffice 2023-07-01 2024-06-30 10829725 bus:Director1 2023-07-01 2024-06-30 10829725 bus:Director2 2023-07-01 2024-06-30 10829725 bus:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 10829725 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10829725 countries:England 2023-07-01 2024-06-30 10829725 2023-06-30 10829725 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 10829725 2022-07-01 2023-06-30 10829725 2023-06-30 10829725 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10829725 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 10829725

Downey Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Downey Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Downey Properties Limited

Company Information

Directors

M Downey

S Downey

Registered office

Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA

 

Downey Properties Limited

(Registration number: 10829725)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

150,000

150,000

Current assets

 

Cash at bank and in hand

 

100

100

Creditors: Amounts falling due within one year

5

(153,465)

(153,465)

Net current liabilities

 

(153,365)

(153,365)

Net liabilities

 

(3,365)

(3,365)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(3,366)

(3,366)

Shareholders' deficit

 

(3,365)

(3,365)

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
M Downey
Director

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

 

Downey Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA
England

These financial statements were authorised for issue by the Board on 30 August 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.

Going concern

The financial statements have been prepared on a going concern basis.

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:

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.

 

Downey Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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.

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 directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

150,000

150,000

At 30 June 2024

150,000

150,000

Depreciation

Carrying amount

At 30 June 2024

150,000

150,000

At 30 June 2023

150,000

150,000

Included within the net book value of land and buildings above is £150,000 (2023 - £150,000) in respect of freehold land and buildings.
 

 

Downey Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

5

Accruals and deferred income

-

866

Other creditors

153,465

152,594

153,465

153,465