Company Registration No. 13082232 (England and Wales)
Donard (Bristol) Limited
Unaudited accounts
for the year ended 31 December 2024
Donard (Bristol) Limited
Unaudited accounts
Contents
Donard (Bristol) Limited
Company Information
for the year ended 31 December 2024
Directors
Fabio Barbaro
Zetland Director Services Limited
Paul Mascaro
Company Number
13082232 (England and Wales)
Registered Office
Care of Zetland Capital Partners LLP
4th Floor , 3 St James's Square
London
SW1Y 4AD
United Kingdom
Accountants
Martina Harbinson
2 Kiln Lodge
Lurgan
Craigavon
Armagh
BT66 6HT
Donard (Bristol) Limited
Statement of financial position
as at 31 December 2024
Inventories
4,469,490
4,210,274
Debtors
3,271,373
34,097,643
Cash at bank and in hand
1,577,399
2,173,463
Creditors: amounts falling due within one year
(244,926)
(34,946)
Net current assets
9,073,336
40,446,434
Total assets less current liabilities
9,073,336
40,446,434
Creditors: amounts falling due after more than one year
-
(37,052,422)
Net assets
9,073,336
3,394,012
Called up share capital
1
1
Capital contribution reserve
16,492,570
10,808,198
Profit and loss account
(7,419,235)
(7,414,187)
Shareholders' funds
9,073,336
3,394,012
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 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 12 August 2025 and were signed on its behalf by
Paul Mascaro
Director
Company Registration No. 13082232
Donard (Bristol) Limited
Notes to the Accounts
for the year ended 31 December 2024
Donard (Bristol) Limited is a private company, limited by shares, registered in England and Wales, registration number 13082232. The registered office is Care of Zetland Capital Partners LLP, 4th Floor , 3 St James's Square, London, SW1Y 4AD, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Foreign currency translation
In preparing the financial statements , transactions in currencies other than the functional currency of the company are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of the transaction. At the end of each reporting period , monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non -monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Exchange differences are recognised in the profit and loss in the period in which they arise.
The company's financial statements are prepared on a going concern basis which contemplates the realisation of assets and the satisfaction of obligations in the normal course of business. However , the company has not generated any revenues to date and has accumulated losses to date . The company does not currently have any revenue generating operations.
In view of these matters continuation as a going concern is dependent upon the Company's ability to meet its financial requirements , raise additional capital , and the success of its future operations.
A detailed review of the company's forecasts and projections which cover the next 12 month period indicate that the company will have adequate resources through advances from shareholders and other equity investment to continue in operational existence for the foreseeable future.
The company therefore continues to adopt the going concern basis in preparing its financial statements.
Donard (Bristol) Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
6,225
6,226
Other debtors
3,217,095
34,067,306
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
244,926
34,946
6
Creditors: amounts falling due after more than one year
2024
2023
7
Transactions with related parties
Included in the debtors to the accounts is a balance of £3.2m owed from another company registered in the UK. This loan is a finance loan made under normal market conditions with interest charged at the commercial market rates. The balance owed has decreased by £32m in the year. One of the directors of Donard (Bristol) is also a director in this company.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).