Doncaster Property Developments Limited - Period Ending 2013-11-30

Registration number: 07105970

Doncaster Property Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

Jones Cooper Limited
Hedley Court
Boothferry Road
Goole
East Yorkshire
DN14 6AA

Doncaster Property Developments Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Doncaster Property Developments Limited
for the Year Ended 30 November 2013

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2013 set out on pages 2 to 4 and you consider that the company is exempt from an audit.

In accordance with your instructions, we have complied these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanation supplied to us.

 
 
 
 
  Jones Cooper Limited
  Hedley Court
  Boothferry Road
  Goole
  East Yorkshire
  DN14 6AA

 
  28 August 2014

Page 1

Doncaster Property Developments Limited
(Registration number: 07105970)
Abbreviated Balance Sheet at 30 November 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					170,000			-
Current assets
Stocks					119,525			119,525
Cash at bank and in hand					391			-
					119,916			119,525
Creditors: Amounts falling due within one year					(101,017)			(101,018)
Net current assets					18,899			18,507
Total assets less current liabilities					188,899			18,507
Creditors: Amounts falling due after more than one year					(201,470)			(20,810)
Net liabilities					(12,571)			(2,303)
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					(12,573)			(2,305)
Shareholders' deficit					(12,571)			(2,303)

For the year ending 30 November 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 28 August 2014 and signed on its behalf by:

.........................................
Mr John Lodge
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Doncaster Property Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The Directors acknowledge the insolvency position of the company. The Directors will continue to support the Company, using their own funds if neccessary. Therefore, the accounts have been prepared on the going concern basis.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Asset class	Depreciation method and rate
Investment Properties	None depreciating

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Doncaster Property Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		170,000			170,000
At 30 November 2013		170,000			170,000
Depreciation
At 30 November 2013		-			-
Net book value
At 30 November 2013		170,000			170,000

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2013 £			2012 £
Amounts falling due after more than one year		135,857			-

4	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary A of £1 each		1			1			1			1
Ordinary B of £1 each		1			1			1			1
		2			2			2			2

Page 4