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Registered number: 07559296










DONCASTER GATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
DONCASTER GATE LIMITED
REGISTERED NUMBER: 07559296

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,300
2,361

Investment property
 5 
480,625
480,625

  
481,925
482,986

Current assets
  

Debtors: amounts falling due within one year
 6 
11
-

Cash at bank and in hand
  
2,942
441

  
2,953
441

Creditors: amounts falling due within one year
 7 
(13,740)
(9,789)

Net current liabilities
  
 
 
(10,787)
 
 
(9,348)

Total assets less current liabilities
  
471,138
473,638

Creditors: amounts falling due after more than one year
 8 
(264,770)
(267,448)

  

Net assets
  
206,368
206,190


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
125,162
125,162

Profit and loss account
  
81,106
80,928

  
206,368
206,190


Page 1

 
DONCASTER GATE LIMITED
REGISTERED NUMBER: 07559296
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




P A Buckley
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DONCASTER GATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Doncaster Gate Limited is a private Company limited by shares, incorporated in England and Wales (registred number: 07559296). Its registered office is 8 Shepcote Office Village, Shepcote Lane, Sheffield, S9 1TG. The principal activity of the Company throughout the year continued to be that of letting and operating of own real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation curreny is pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DONCASTER GATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in Statement of Income and Retained Earnings. 

Page 4

 
DONCASTER GATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The  has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the  becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
DONCASTER GATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
5,200
1,183
6,383


Additions
-
1,600
1,600


Disposals
-
(1,600)
(1,600)



At 31 July 2024

5,200
1,183
6,383



Depreciation


At 1 August 2023
2,600
1,422
4,022


Charge for the year on owned assets
1,300
(239)
1,061



At 31 July 2024

3,900
1,183
5,083



Net book value



At 31 July 2024
1,300
-
1,300



At 31 July 2023
2,600
(239)
2,361


5.


Investment property





Investments

£



Cost or valuation


At 1 August 2023
480,625



At 31 July 2024
480,625




The 2024 valuations were made by the director, on an open market value for existing use basis.

Page 6

 
DONCASTER GATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Other debtors
11
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
5,751

Corporation tax
2,440
2,838

Other creditors
5,600
-

Accruals and deferred income
5,700
1,200

13,740
9,789



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
264,770
267,448


Included in creditors are bank loans on which security has been given by a fixed and floating charge over the assets of the company.
The bank loan amount falling due after more than 5 years is £264,770.

 
Page 7