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Company Registration No. 10754778 (England and Wales)
Donoghues Property Limited Unaudited accounts for the year ended 31 May 2024
Donoghues Property Limited Unaudited accounts Contents
Page
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Donoghues Property Limited Company Information for the year ended 31 May 2024
Directors
Paul Donoghue Fiona Donoghue
Secretary
Paul Donoghue
Company Number
10754778 (England and Wales)
Registered Office
Riverside House Sword Smith Wood Street Shotley Bridge Consett DH8 0JE United Kingdom
Accountants
MJ Houlihan & Co Accountants 99-101 Corporation Street St Helens WA10 1SX
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Donoghues Property Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
305,687 
305,687 
Creditors: amounts falling due within one year
(500)
(4,086)
Net current liabilities
(500)
(4,086)
Total assets less current liabilities
305,187 
301,601 
Creditors: amounts falling due after more than one year
(260,179)
(254,743)
Net assets
45,008 
46,858 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
44,908 
46,758 
Shareholders' funds
45,008 
46,858 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
Fiona Donoghue Director Company Registration No. 10754778
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Donoghues Property Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Donoghues Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10754778. The registered office is Riverside House Sword Smith, Wood Street, Shotley Bridge, Consett, DH8 0JE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
305,687 
At 31 May 2024
305,687 
There has been no valuation of investment property by an independent valuer
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
3,586 
Accruals
500 
500 
500 
4,086 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
260,179 
254,743 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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