Downing's Gloucester Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12324027

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	3,468,279		2,878,030
Debtors	5	3,175		14,762
Cash at bank and in hand		2,724		1,036

		3,474,178		2,893,828
Creditors: Amounts Falling Due Within One Year	6	(3,478,669 )		(2,897,757 )

NET CURRENT ASSETS (LIABILITIES)			(4,491 )		(3,929 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,491 )		(3,929 )

NET LIABILITIES			(4,491 )		(3,929 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(4,492 )		(3,930 )

SHAREHOLDERS' FUNDS			(4,491)		(3,929)

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Chicken

Director

18/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Downing's Gloucester Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12324027 . The registered office is 4 Newburgh Street, London, W1F 7RF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.3. Preparation of Consolidated Financial Statements

The financial statements contain information about Downing's Gloucester Limited as an individual company and has not been included in the financial information of the parent company. The Company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Stocks

	2024	2023
	£	£
Work in progress	3,468,279	2,878,030

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	3,174	14,761
Called up share capital not paid	1	1

	3,175	14,762

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	192,115	48,657
Accruals and deferred income	10,000	-
Amounts owed to group undertakings	57,100	57,100
Amounts owed to parent undertaking	3,219,454	2,792,000

	3,478,669	2,897,757

7. Share Capital

	2024	2023
	£	£
Called Up Share Capital not Paid	1	1

Amount of Allotted, Called Up Share Capital	1	1

Page 2

Page 3

Downing's Gloucester Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Related Party Transactions

Lancelot Properties Limited

Adrian Goodall is a Director and 100% shareholder.

Lancelot Properties Ltd received Development management fees from Downings Gloucester Ltd of £30,000 (£22,500 in 2023)

Cliffe Property Investments Limited

Michael Chicken is a Director and 100% shareholder

Cliffe Property Investments Limited received fees for Development management services and accountancy services from Downing's Gloucester Ltd of £75,000. (£56,250 in 2023)

9. Ultimate Controlling Party

The company's ultimate controlling party is Rokeby Merchant Developments (Gloucester) Limited by virtue of his ownership of 100% of the issued share capital in the company.

Page 3