Downton Group Limited

DOWNTON GROUP LIMITED - Company Information

2021-09-012022-08-312022-08-31false10355095Downton Group Limited2023-05-24iso4217:GBPxbrli:pure103550952021-09-01103550952022-08-31103550952021-09-012022-08-31103550952020-09-01103550952021-08-31103550952020-09-012021-08-3110355095bus:SmallEntities2021-09-012022-08-3110355095bus:AuditExempt-NoAccountantsReport2021-09-012022-08-3110355095bus:FullAccounts2021-09-012022-08-3110355095bus:PrivateLimitedCompanyLtd2021-09-012022-08-3110355095core:WithinOneYear2022-08-3110355095core:AfterOneYear2022-08-3110355095core:WithinOneYear2021-08-3110355095core:AfterOneYear2021-08-3110355095core:ShareCapital2022-08-3110355095core:SharePremium2022-08-3110355095core:RevaluationReserve2022-08-3110355095core:OtherReservesSubtotal2022-08-3110355095core:RetainedEarningsAccumulatedLosses2022-08-3110355095core:ShareCapital2021-08-3110355095core:SharePremium2021-08-3110355095core:RevaluationReserve2021-08-3110355095core:OtherReservesSubtotal2021-08-3110355095core:RetainedEarningsAccumulatedLosses2021-08-3110355095core:LandBuildings2022-08-3110355095core:PlantMachinery2022-08-3110355095core:Vehicles2022-08-3110355095core:FurnitureFittings2022-08-3110355095core:OfficeEquipment2022-08-3110355095core:NetGoodwill2022-08-3110355095core:IntangibleAssetsOtherThanGoodwill2022-08-3110355095core:ListedExchangeTraded2022-08-3110355095core:UnlistedNon-exchangeTraded2022-08-3110355095core:LandBuildings2021-08-3110355095core:PlantMachinery2021-08-3110355095core:Vehicles2021-08-3110355095core:FurnitureFittings2021-08-3110355095core:OfficeEquipment2021-08-3110355095core:NetGoodwill2021-08-3110355095core:IntangibleAssetsOtherThanGoodwill2021-08-3110355095core:ListedExchangeTraded2021-08-3110355095core:UnlistedNon-exchangeTraded2021-08-3110355095core:LandBuildings2021-09-012022-08-3110355095core:PlantMachinery2021-09-012022-08-3110355095core:Vehicles2021-09-012022-08-3110355095core:FurnitureFittings2021-09-012022-08-3110355095core:OfficeEquipment2021-09-012022-08-3110355095core:NetGoodwill2021-09-012022-08-3110355095core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3110355095core:ListedExchangeTraded2021-09-012022-08-3110355095core:UnlistedNon-exchangeTraded2021-09-012022-08-3110355095core:MoreThanFiveYears2021-09-012022-08-3110355095core:Non-currentFinancialInstruments2022-08-3110355095core:Non-currentFinancialInstruments2021-08-3110355095dpl:CostSales2021-09-012022-08-3110355095dpl:DistributionCosts2021-09-012022-08-3110355095dpl:AdministrativeExpenses2021-09-012022-08-3110355095core:LandBuildings2021-09-012022-08-3110355095core:PlantMachinery2021-09-012022-08-3110355095core:Vehicles2021-09-012022-08-3110355095core:FurnitureFittings2021-09-012022-08-3110355095core:OfficeEquipment2021-09-012022-08-3110355095core:NetGoodwill2021-09-012022-08-3110355095core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3110355095dpl:GroupUndertakings2021-09-012022-08-3110355095dpl:ParticipatingInterests2021-09-012022-08-3110355095dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3110355095core:ListedExchangeTraded2021-09-012022-08-3110355095dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3110355095core:UnlistedNon-exchangeTraded2021-09-012022-08-3110355095dpl:CostSales2020-09-012021-08-3110355095dpl:DistributionCosts2020-09-012021-08-3110355095dpl:AdministrativeExpenses2020-09-012021-08-3110355095core:LandBuildings2020-09-012021-08-3110355095core:PlantMachinery2020-09-012021-08-3110355095core:Vehicles2020-09-012021-08-3110355095core:FurnitureFittings2020-09-012021-08-3110355095core:OfficeEquipment2020-09-012021-08-3110355095core:NetGoodwill2020-09-012021-08-3110355095core:IntangibleAssetsOtherThanGoodwill2020-09-012021-08-3110355095dpl:GroupUndertakings2020-09-012021-08-3110355095dpl:ParticipatingInterests2020-09-012021-08-3110355095dpl:GroupUndertakingscore:ListedExchangeTraded2020-09-012021-08-3110355095core:ListedExchangeTraded2020-09-012021-08-3110355095dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-09-012021-08-3110355095core:UnlistedNon-exchangeTraded2020-09-012021-08-3110355095core:NetGoodwill2022-08-3110355095core:IntangibleAssetsOtherThanGoodwill2022-08-3110355095core:LandBuildings2022-08-3110355095core:PlantMachinery2022-08-3110355095core:Vehicles2022-08-3110355095core:FurnitureFittings2022-08-3110355095core:OfficeEquipment2022-08-3110355095core:AfterOneYear2022-08-3110355095core:WithinOneYear2022-08-3110355095core:ListedExchangeTraded2022-08-3110355095core:UnlistedNon-exchangeTraded2022-08-3110355095core:ShareCapital2022-08-3110355095core:SharePremium2022-08-3110355095core:RevaluationReserve2022-08-3110355095core:OtherReservesSubtotal2022-08-3110355095core:RetainedEarningsAccumulatedLosses2022-08-3110355095core:NetGoodwill2021-08-3110355095core:IntangibleAssetsOtherThanGoodwill2021-08-3110355095core:LandBuildings2021-08-3110355095core:PlantMachinery2021-08-3110355095core:Vehicles2021-08-3110355095core:FurnitureFittings2021-08-3110355095core:OfficeEquipment2021-08-3110355095core:AfterOneYear2021-08-3110355095core:WithinOneYear2021-08-3110355095core:ListedExchangeTraded2021-08-3110355095core:UnlistedNon-exchangeTraded2021-08-3110355095core:ShareCapital2021-08-3110355095core:SharePremium2021-08-3110355095core:RevaluationReserve2021-08-3110355095core:OtherReservesSubtotal2021-08-3110355095core:RetainedEarningsAccumulatedLosses2021-08-3110355095core:NetGoodwill2020-09-0110355095core:IntangibleAssetsOtherThanGoodwill2020-09-0110355095core:LandBuildings2020-09-0110355095core:PlantMachinery2020-09-0110355095core:Vehicles2020-09-0110355095core:FurnitureFittings2020-09-0110355095core:OfficeEquipment2020-09-0110355095core:AfterOneYear2020-09-0110355095core:WithinOneYear2020-09-0110355095core:ListedExchangeTraded2020-09-0110355095core:UnlistedNon-exchangeTraded2020-09-0110355095core:ShareCapital2020-09-0110355095core:SharePremium2020-09-0110355095core:RevaluationReserve2020-09-0110355095core:OtherReservesSubtotal2020-09-0110355095core:RetainedEarningsAccumulatedLosses2020-09-0110355095core:AfterOneYear2021-09-012022-08-3110355095core:WithinOneYear2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:CostValuation2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-09-012022-08-3110355095core:Non-currentFinancialInstrumentscore:CostValuation2022-08-3110355095core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-3110355095core:Non-currentFinancialInstrumentscore:CostValuation2021-08-3110355095core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-08-3110355095core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-08-3110355095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-08-3110355095core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-08-3110355095core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-08-3110355095core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-08-3110355095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-08-3110355095core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-08-3110355095bus:Director12021-09-012022-08-31

Registered Number
10355095
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2022

Downton Group Limited

Company Information
for the year from 1 September 2021 to 31 August 2022


Directors	Qingheng Wang


Registered Address	200 Brook Drive
	Green Park
	Reading
	RG2 6UB


Registered Number	10355095 (England and Wales)

Downton Group Limited

Balance Sheet as at
31 August 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	7		6,969		9,808
			6,969		9,808
Current assets
Debtors	8	1,272,165		1,333,353
Cash at bank and on hand		87,717		617,297
		1,359,882		1,950,650
Creditors amounts falling due within one year	9	(966,155)		(1,232,993)
Net current assets (liabilities)			393,727		717,657
Total assets less current liabilities			400,696		727,465
Provisions for liabilities	10		(1,324)		(1,864)
Net assets			399,372		725,601
Capital and reserves
Called up share capital			1		1
Profit and loss account			399,371		725,600
Shareholders' funds			399,372		725,601

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 24 May 2023, and are signed on its behalf by:

Qingheng Wang
Director
Registered Company No. 10355095

Downton Group Limited

Notes to the Financial Statements
for the year ended 31 August 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company in the year under review was that of wholesale trade.

4.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

5.	Accounting policies

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised as the contractual activity progresses.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit and loss account in the period to which they relate.

6.	Employee information


		2022		2021
	Average number of employees during the year	4		4

7.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 September 21	12,278	12,278
Additions	1,742	1,742
At 31 August 22	14,020	14,020
Depreciation and impairment
At 01 September 21	2,470	2,470
Charge for year	4,581	4,581
At 31 August 22	7,051	7,051
Net book value
At 31 August 22	6,969	6,969
At 31 August 21	9,808	9,808

8.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	1,172,831	1,084,184
Amounts owed by group undertakings	86,825	29,342
Other debtors	10,433	10,433
Prepayments and accrued income	2,076	209,394
Total	1,272,165	1,333,353

9.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	244,977	60,028
Taxation and social security	368,957	1,162,082
Other creditors	273,951	10,883
Accrued liabilities and deferred income	78,270	-
Total	966,155	1,232,993

10.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	1,324	1,864
Total	1,324	1,864