Doncaster Property Developments Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07105970 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 December 2021

for

Doncaster Property Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P T Rothwell

REGISTERED OFFICE:

Empire House

92-98 Cleveland street

Doncaster

DN1 3DP

REGISTERED NUMBER:

07105970 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

FIXED ASSETS

Tangible assets

3

326,001

500,650

CURRENT ASSETS

Stocks

204,010

322,141

Debtors

4

912,442

751,718

Cash at bank

2,253

871

1,118,705

1,074,730

CREDITORS

Amounts falling due within one year

5

(2,302,811

)

(2,179,339

)

NET CURRENT LIABILITIES

(1,184,106

)

(1,104,609

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(858,105

)

(603,959

)

CREDITORS

Amounts falling due after more than one year

6

(258,371

)

(411,031

)

PROVISIONS FOR LIABILITIES

(202,500

)

(202,500

)

NET LIABILITIES

(1,318,976

)

(1,217,490

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(1,318,978

)

(1,217,492

)

SHAREHOLDERS' FUNDS

(1,318,976

)

(1,217,490

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 28 February 2023 and were signed by:

P T Rothwell - Director

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.

TANGIBLE FIXED ASSETS

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

Freehold property

-

Not Provided

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 year 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 year 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 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 31 December 2020

500,650

Disposals

(174,649

)

At 30 December 2021

326,001

NET BOOK VALUE

At 30 December 2021

326,001

At 30 December 2020

500,650

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

711,257

742,503

Other debtors

201,185

9,215

912,442

751,718

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

8,749

3,932

Trade creditors

512

5,767

Amounts owed to group undertakings

879,206

760,815

Amounts owed to associates

8,132

6,262

Other creditors

1,406,212

1,402,563

2,302,811

2,179,339

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans 1 to 2 year

13,553

374,570

Bank loans 2 to 5 years

46,840

30,301

Bank loans more than 5 years

197,978

6,160

258,371

411,031

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

197,978

6,160

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

1

2

2

1

Ordinary B

0.1

-

-

2

2

8.	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.