REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
for |
DOYLE FAMILY HOLDINGS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
for |
DOYLE FAMILY HOLDINGS LIMITED |
DOYLE FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 11582260) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DOYLE FAMILY HOLDINGS LIMITED |
Company Information |
for the Year Ended 30 September 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
DOYLE FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 11582260) |
Balance Sheet |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 11 |
Revaluation reserve |
Retained earnings |
Shareholders' funds |
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. |
DOYLE FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 11582260) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
DOYLE FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 11582260) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | Statutory information |
Doyle Family Holdings Limited is a |
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 |
Turnover |
Turnover comprises rents receivable. |
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 - 25% Straight Line |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. |
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. |
Although this policy is in accordance with FRS 102 it is a departure from the general requirement of the Companies Act for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair review. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
DOYLE FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 11582260) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
3. | Accounting policies - continued |
Debtors and creditors receivable |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
4. | Employees and directors |
The average number of employees during the year was |
5. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 October 2023 |
Additions |
At 30 September 2024 |
Depreciation |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 October 2023 |
Revaluations | 40,000 |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
The investment properties class of fixed assets were revalued on 30 September 2024 by the director who is internal to the company. The basis of this valuation was open market value with existing use. This class of assets has a current value of £720,000 (2023 - £680,000) and a carrying amount at historical cost of £561,613 (2023 - £561,613). |
DOYLE FAMILY HOLDINGS LIMITED (REGISTERED NUMBER: 11582260) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
9. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more than 5yrs |
10. | Secured debts |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Other loans |
The loans are secured on two properties held by the company |
11. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
A ordinary | £1 | 1 | 1 |
B ordinary | £1 | 1 | 1 |
C ordinary | £1 | 1 | 1 |
D ordinary | £1 | 1 | 1 |
4 | 4 |