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REGISTERED NUMBER: 00391016 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DOWNEND ESTATES LIMITED

DOWNEND ESTATES LIMITED (REGISTERED NUMBER: 00391016)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOWNEND ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: The Orchard Executor and Trustee Company
N Pollard





SECRETARY: N Pollard





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 00391016 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

DOWNEND ESTATES LIMITED (REGISTERED NUMBER: 00391016)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 190 573
Investment property 6 24,624 24,624
24,814 25,197

CURRENT ASSETS
Debtors 7 73,486 48,087
Cash at bank 50,003 55,997
123,489 104,084
CREDITORS
Amounts falling due within one year 8 12,163 14,174
NET CURRENT ASSETS 111,326 89,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,140

115,107

PROVISIONS FOR LIABILITIES 9 375 383
NET ASSETS 135,765 114,724

CAPITAL AND RESERVES
Called up share capital 10 16,900 16,900
Retained earnings 118,865 97,824
SHAREHOLDERS' FUNDS 135,765 114,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DOWNEND ESTATES LIMITED (REGISTERED NUMBER: 00391016)

BALANCE SHEET - continued
31 DECEMBER 2023


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 October 2024 and were signed on its behalf by:





N Pollard - Director


DOWNEND ESTATES LIMITED (REGISTERED NUMBER: 00391016)

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

1. STATUTORY INFORMATION

Downend Estates 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.

Intangible assets
Ground rents are capitalised at five years' annual rent on creation of the ground rent liability. No amortisation is charged on the capitalised value. Ground rent liabilities can be redeemed by tenants on payment of a capital sum.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 3,490
AMORTISATION
At 1 January 2023
and 31 December 2023 3,490
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

DOWNEND ESTATES LIMITED (REGISTERED NUMBER: 00391016)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 22,064 9,529 31,593
DEPRECIATION
At 1 January 2023 22,064 8,956 31,020
Charge for year - 383 383
At 31 December 2023 22,064 9,339 31,403
NET BOOK VALUE
At 31 December 2023 - 190 190
At 31 December 2022 - 573 573

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 24,624
NET BOOK VALUE
At 31 December 2023 24,624
At 31 December 2022 24,624



The value of Investment Property has been determined by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 14,873 13,336
Other debtors 58,613 34,751
73,486 48,087

DOWNEND ESTATES LIMITED (REGISTERED NUMBER: 00391016)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 8,163 8,674
Other creditors 4,000 5,500
12,163 14,174

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances - (136 )
Deferred tax 375 519
375 383

Deferred
tax
£   
Balance at 1 January 2023 383
accelerated capital allowances (8 )
Balance at 31 December 2023 375

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
16,900 Ordinary £1 16,900 16,900

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs J C Pollard (Deceased)
Balance outstanding at start of year 25,963 9,092
Amounts advanced 18,414 17,184
Amounts repaid (9,403 ) (313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,974 25,963

DOWNEND ESTATES LIMITED (REGISTERED NUMBER: 00391016)

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

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the estate of Mrs J C Pollard, by virtue of majority shareholding.