IRIS Accounts Production v24.3.0.553 13081029 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130810292023-03-31130810292024-03-31130810292023-04-012024-03-31130810292022-03-31130810292022-04-012023-03-31130810292023-03-3113081029ns15:EnglandWales2023-04-012024-03-3113081029ns14:PoundSterling2023-04-012024-03-3113081029ns10:Director12023-04-012024-03-3113081029ns10:Director22023-04-012024-03-3113081029ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113081029ns10:SmallEntities2023-04-012024-03-3113081029ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113081029ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113081029ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113081029ns10:FullAccounts2023-04-012024-03-3113081029ns10:RegisteredOffice2023-04-012024-03-3113081029ns5:CurrentFinancialInstruments2024-03-3113081029ns5:CurrentFinancialInstruments2023-03-3113081029ns5:Non-currentFinancialInstruments2024-03-3113081029ns5:Non-currentFinancialInstruments2023-03-3113081029ns5:ShareCapital2024-03-3113081029ns5:ShareCapital2023-03-3113081029ns5:RevaluationReserve2024-03-3113081029ns5:RevaluationReserve2023-03-3113081029ns5:RetainedEarningsAccumulatedLosses2024-03-3113081029ns5:RetainedEarningsAccumulatedLosses2023-03-3113081029ns5:ComputerEquipment2023-04-012024-03-3113081029ns5:ComputerEquipment2023-03-3113081029ns5:ComputerEquipment2024-03-3113081029ns5:ComputerEquipment2023-03-3113081029ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 13081029 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Doneway Developments Limited

Doneway Developments Limited (Registered number: 13081029)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Doneway Developments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K F Hennelly
M P McCallion





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 13081029 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Doneway Developments Limited (Registered number: 13081029)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 219 415
Investment property 6 669,500 600,000
669,719 600,415

CURRENT ASSETS
Debtors 7 165 884
Cash at bank 5,263 3,170
5,428 4,054
CREDITORS
Amounts falling due within one year 8 151,558 155,657
NET CURRENT LIABILITIES (146,130 ) (151,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,589

448,812

CREDITORS
Amounts falling due after more than one
year

9

397,800

397,800
NET ASSETS 125,789 51,012

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 100 100
Revaluation reserve 12 89,999 20,500
Retained earnings 35,690 30,412
125,789 51,012

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.

Doneway Developments Limited (Registered number: 13081029)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:




M P McCallion - Director



K F Hennelly - Director


Doneway Developments Limited (Registered number: 13081029)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Doneway Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

4. EMPLOYEES AND DIRECTORS

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

Doneway Developments Limited (Registered number: 13081029)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 595
DEPRECIATION
At 1 April 2023 180
Charge for year 196
At 31 March 2024 376
NET BOOK VALUE
At 31 March 2024 219
At 31 March 2023 415

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 600,000
Revaluations 69,500
At 31 March 2024 669,500
NET BOOK VALUE
At 31 March 2024 669,500
At 31 March 2023 600,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 20,500
Valuation in 2024 69,500
Cost 579,500
669,500

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 579,500 579,500

Investment properties were valued on an open market basis on 26 June 2024 by the Director. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 165 884

Doneway Developments Limited (Registered number: 13081029)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,670 3,255
Directors' current accounts 144,617 150,206
Accrued expenses 2,271 2,196
151,558 155,657

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 397,800 397,800

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Mortgages 397,800 397,800

11. SECURED DEBTS

The mortgages are secured on the investment properties of the Company.

12. RESERVES
Revaluation
reserve
£   
At 1 April 2023 20,500
Revaluation surplus 69,499

At 31 March 2024 89,999