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REGISTERED NUMBER: 00580534 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Don Properties Limited

Don Properties Limited (Registered number: 00580534)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Don Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D A Snell
E L Vincent
M C Wyllie
N J Wyllie





REGISTERED OFFICE: Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR





REGISTERED NUMBER: 00580534 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Don Properties Limited (Registered number: 00580534)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £
FIXED ASSETS
Tangible assets 4 893,329 1,593,329

CURRENT ASSETS
Debtors 5 135 135
Cash at bank 223,003 285,010
223,138 285,145
CREDITORS
Amounts falling due within one year 6 (186,777 ) (207,713 )
NET CURRENT ASSETS 36,361 77,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

929,690

1,670,761

PROVISIONS FOR LIABILITIES 7 (216,237 ) (391,152 )
NET ASSETS 713,453 1,279,609

CAPITAL AND RESERVES
Called up share capital 8 2,860 2,860
Share premium 9 9,173 9,173
Fair value reserve 9 648,711 1,173,457
Retained earnings 9 52,709 94,119
SHAREHOLDERS' FUNDS 713,453 1,279,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Don Properties Limited (Registered number: 00580534)

Balance Sheet - continued
30 June 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 5 November 2024 and were signed on its behalf by:





M C Wyllie - Director


Don Properties Limited (Registered number: 00580534)

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

1. STATUTORY INFORMATION

Don Properties 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST OR VALUATION
At 1 July 2023 1,593,329
Disposals (700,000 )
At 30 June 2024 893,329
NET BOOK VALUE
At 30 June 2024 893,329
At 30 June 2023 1,593,329

Don Properties Limited (Registered number: 00580534)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Freehold
property
£
Valuation in 2020 893,329

If Freehold Property had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£ £
Cost 28,381 28,720

Freehold properties were valued on an open market basis on 15 April 2020 by N Simpson RICS .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Other debtors 135 135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Corporation tax 132,585 169,653
Other creditors 16,000 -
Accrued expenses 38,192 38,060
186,777 207,713

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£ £
Deferred tax 216,237 391,152

Deferred tax
£
Balance at 1 July 2023 391,152
Provided during year (174,915 )
Provision for change in CTrate
Balance at 30 June 2024 216,237

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £ £
2,860 Ordinary £1 2,860 2,860

Don Properties Limited (Registered number: 00580534)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RESERVES
Retained Share Fair value
earnings premium reserve Totals
£ £ £ £

At 1 July 2023 94,119 9,173 1,173,457 1,276,749
Profit for the year 548,951 548,951
Dividends (590,361 ) (590,361 )
Revaluation - - (524,746 ) (524,746 )
At 30 June 2024 52,709 9,173 648,711 710,593