Doncaster Consort House Limited - Accounts to registrar (filleted) - small 18.2

Doncaster Consort House Limited - Accounts to registrar (filleted) - small 18.2

DONCASTER CONSORT HOUSE LIMITED - Company Information

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REGISTERED NUMBER: 10854661 (England and Wales)










Financial Statements

for the Period

1 January 2020 to 30 December 2020

for

Doncaster Consort House Limited
SKS Audit LLP
3 Sheen Road
Richmond Upon Thames
TW9 1AD








Doncaster Consort House Limited (Registered number: 10854661)






Contents of the Financial Statements
for the Period 1 January 2020 to 30 December 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Doncaster Consort House Limited

Company Information
for the Period 1 January 2020 to 30 December 2020







DIRECTOR: P T Rothwell





REGISTERED OFFICE: Empire House
92-98 Cleveland street
Doncaster
DN1 3DP





REGISTERED NUMBER: 10854661 (England and Wales)





AUDITORS: SKS Audit LLP
3 Sheen Road
Richmond Upon Thames
TW9 1AD
Page 1
Doncaster Consort House Limited (Registered number: 10854661)

Statement of Financial Position
30 December 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Stocks 5,758,497 5,339,043
Debtors 3 644,510 610,002
Cash at bank 189 1,203
6,403,196 5,950,248
CREDITORS
Amounts falling due within one year 4 (705,765 ) (960,843 )
NET CURRENT ASSETS 5,697,431 4,989,405
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,697,431
4,989,405

CREDITORS
Amounts falling due after more than one year 5 (6,530,095 ) (4,996,497 )
NET LIABILITIES (832,664 ) (7,092 )

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings (832,666 ) (7,094 )
SHAREHOLDERS' FUNDS (832,664 ) (7,092 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2021 and were signed by:





P T Rothwell - Director


The notes form part of these financial statements

Page 2
Doncaster Consort House Limited (Registered number: 10854661)

Notes to the Financial Statements
for the Period 1 January 2020 to 30 December 2020

1. 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

GOING CONCERN
The directors have considered the basis of preparation of the financial statements and have concluded that it is appropriate to prepare these on the going concern basis based on forecasts for at least 12 months from signing of the financial statements due to support from ultimate parent company.

The directors have considered the impact of COVID-19 on future trading and are confident that the impact of COVID-19 will not lead to the company or parent no longer being a going concern, due to the service that Doncaster Consort House Limited provide being an essential and not a luxury. The directors of the company are confident that they will be able to continue trading for at least 12 months from the signing of the financial statements regardless of the impact of COVID-19.

Page 3
Doncaster Consort House Limited (Registered number: 10854661)

Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 December 2020

1. ACCOUNTING POLICIES - continued

DISCLOSURE EXEMPTIONS
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Empire Property Asset Holdings Limited which can be obtained from Empire House, 92-98 Cleveland Street, Doncaster, United Kingdom, DN1 3DP. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.
(b) No cash flow statement has been presented for the company.
(c) Disclosures in respect of financial instruments have not been presented.
(d) Disclosures in respect of share-based payments have not been presented.
(e) No disclosure has been given for the aggregate remuneration of key management personnel.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - NIL).

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed by group undertakings 631,336 580,000
Other debtors 2 2
VAT - 30,000
Prepayments 13,172 -
644,510 610,002

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 3,932 -
Trade creditors 21,333 -
Amounts owed to group undertakings 680,500 960,843
705,765 960,843

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 1 to 2 year 6,493,634 4,996,497
Bank loans 2 to 5 years 30,301 -
Bank loans more than 5 years 6,160 -
6,530,095 4,996,497

Page 4
Doncaster Consort House Limited (Registered number: 10854661)

Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 December 2020

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2020 2019
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 6,160 -

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
2 Ordinary 1 2 2
1 Ordinary B 0.1 - -
2 2

1 Ordinary B share of 0.1 was allotted and fully paid for cash at par during the period.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bobby Bhogal (Senior Statutory Auditor)
for and on behalf of SKS Audit LLP

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by FRS 102 for subsidiaries which are wholly owned not to disclose intra-group transactions and balances with the parent company, whose consolidated accounts can be obtained from the ultimate parent company.

9. CONTROLLING PARTY

The immediate parent undertaking of the company is Empire Property Development Holdings Limited, a company registered in England and Wales.

The ultimate parent undertaking is Empire Property Group Holdings Limited, a company registered in England and Wales. Accounts can be obtained from Empire House, 92-98 Cleveland Street, Doncaster, United Kingdom, DN1 3DP.

Page 5