Doncaster Property Developments Limited - Accounts to registrar (filleted) - small 18.2
Doncaster Property Developments Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 January 2020 to 30 December 2020 |
for |
Doncaster Property Developments Limited |
Doncaster Property Developments Limited (Registered number: 07105970) |
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 Property Developments Limited |
Company Information |
for the Period 1 January 2020 to 30 December 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
3 Sheen Road |
Richmond Upon Thames |
TW9 1AD |
Doncaster Property Developments Limited (Registered number: 07105970) |
Statement of Financial Position |
30 December 2020 |
2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
Doncaster Property Developments Limited (Registered number: 07105970) |
Notes to the Financial Statements |
for the Period 1 January 2020 to 30 December 2020 |
1. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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. |
TANGIBLE FIXED ASSETS |
Freehold property | - |
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. |
Doncaster Property Developments Limited (Registered number: 07105970) |
Notes to the Financial Statements - continued |
for the Period 1 January 2020 to 30 December 2020 |
1. | ACCOUNTING POLICIES - continued |
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 Property Developments 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. |
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. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 January 2020 |
and 30 December 2020 |
NET BOOK VALUE |
At 30 December 2020 |
At 31 December 2019 |
4. | STOCKS |
2020 | 2019 |
£ | £ |
Stocks |
Doncaster Property Developments Limited (Registered number: 07105970) |
Notes to the Financial Statements - continued |
for the Period 1 January 2020 to 30 December 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by associates |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to associates | 6,262 | - |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans 1 to 2 year | 374,570 | 407,414 |
Bank loans 2 to 5 years | 30,301 | - |
Bank loans more than 5 years | 6,160 | - |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more than 5 years | 6,160 | - |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
Ordinary B | 0.1 | - | - |
2 | 2 |
1 Ordinary B share of 0.1 was allotted and fully paid for |
Doncaster Property Developments Limited (Registered number: 07105970) |
Notes to the Financial Statements - continued |
for the Period 1 January 2020 to 30 December 2020 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | 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. |
11. | 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. |
The ultimate controlling party is Paul Rothwell. |