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REGISTERED NUMBER: 06629757 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Downfield Investments Limited

Downfield Investments Limited (Registered number: 06629757)






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


Downfield Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I E G Ray
Mrs A G K Ray





REGISTERED OFFICE: 12 Whiteladies Road
Clifton
Bristol
BS8 1PD





REGISTERED NUMBER: 06629757 (England and Wales)





ACCOUNTANTS: Pure Professionals Limited
Chartered Accountants & Tax Advisers
12 Whiteladies Road
Clifton
Bristol
BS8 1PD

Downfield Investments Limited (Registered number: 06629757)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 432,296 432,460
Investments 5 3,600 3,600
Investment property 6 - 415,000
435,896 851,060

CURRENT ASSETS
Debtors 7 1,409,478 2,442
Cash at bank 291,796 221,840
1,701,274 224,282
CREDITORS
Amounts falling due within one year 8 1,378,617 292,937
NET CURRENT ASSETS/(LIABILITIES) 322,657 (68,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

758,553

782,405

PROVISIONS FOR LIABILITIES - 37,073
NET ASSETS 758,553 745,332

CAPITAL AND RESERVES
Called up share capital 401,000 401,000
Fair value reserve 9 - 156,467
Retained earnings 357,553 187,865
SHAREHOLDERS' FUNDS 758,553 745,332

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.

Downfield Investments Limited (Registered number: 06629757)

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 27 June 2025 and were signed on its behalf by:




I E G Ray - Director



Mrs A G K Ray - Director


Downfield Investments Limited (Registered number: 06629757)

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

1. STATUTORY INFORMATION

Downfield Investments 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
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 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 NIL (2023 - NIL).

Downfield Investments Limited (Registered number: 06629757)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 431,811 2,842 291 3,309 438,253
DEPRECIATION
At 1 July 2023 - 2,286 198 3,309 5,793
Charge for year - 140 24 - 164
At 30 June 2024 - 2,426 222 3,309 5,957
NET BOOK VALUE
At 30 June 2024 431,811 416 69 - 432,296
At 30 June 2023 431,811 556 93 - 432,460

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 3,600
NET BOOK VALUE
At 30 June 2024 3,600
At 30 June 2023 3,600

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 415,000
Disposals (415,000 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 415,000

7. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Other debtors 2,478 2,442

Downfield Investments Limited (Registered number: 06629757)

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

7. DEBTORS - continued
30.6.24 30.6.23
£    £   
Amounts falling due after more than one year:
Other debtors 1,407,000 -

Aggregate amounts 1,409,478 2,442

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 16,111 2,431
Other creditors 1,362,506 290,506
1,378,617 292,937

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023 156,467
Transfer to fair value reserve (156,467 )

At 30 June 2024 -