Digby Road Limited - Accounts to registrar (filleted) - small 22.3
Digby Road Limited - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 November 2022 |
| for |
| Digby Road Limited |
| Digby Road Limited (Registered number: 09302589) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Digby Road Limited |
| Company Information |
| for the Year Ended 30 November 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Digby Road Limited (Registered number: 09302589) |
| Balance Sheet |
| 30 November 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Investments | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank | 7 |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| Provisions for liabilities | 10 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 11 |
| Retained earnings | 12 |
| Shareholders' funds |
| The directors acknowledge their 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. |
| Digby Road Limited (Registered number: 09302589) |
| Balance Sheet - continued |
| 30 November 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Digby Road Limited (Registered number: 09302589) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2022 |
| 1. | Statutory information |
| Digby Road Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Going concern |
| The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. These financial statements are prepared on the going concern basis. |
| The directors have considered the company's going concern position, taking into account the ongoing Ukraine crisis and the recent successive increases of Bank of England base rate which impacts the company's borrowing cost. |
| The directors do not feel there was any material impact on the company's annual accounts as of 30 November 2022. |
| Revenue |
| Revenue represents rental income receivable and any other income such as insurance recoverable |
| and dilapidations from the operating leases, net of VAT where applicable. Rentals receivable from |
| assets leased under operating leases is recognised on a straight-line basis over the term of the lease. |
| Rent free periods or other incentives given to the lessee are accounted for as reduction to turnover and |
| recognised on a straight-line basis over the lease term. |
| Investment property |
| Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition, investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise. No depreciation is provided in respect of investment properties applying the fair value model. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date. |
| Digby Road Limited (Registered number: 09302589) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2022 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2021 - NIL). |
| 4. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 1 December 2021 |
| Additions |
| At 30 November 2022 |
| Net book value |
| At 30 November 2022 |
| At 30 November 2021 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 December 2021 |
| and 30 November 2022 |
| Net book value |
| At 30 November 2022 |
| At 30 November 2021 |
| 6. | Debtors |
| 2022 | 2021 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Prepayments and accrued income |
| Digby Road Limited (Registered number: 09302589) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2022 |
| 6. | Debtors - continued |
| 2022 | 2021 |
| £ | £ |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | Cash at bank |
| 2022 | 2021 |
| £ | £ |
| Bank deposit account |
| Client deposit account | 55,110 | 23,110 |
| 8. | Creditors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| VAT | 22,309 | 43,151 |
| Other creditors |
| Accruals and deferred income |
| Included within other creditors is £55,110 (2021: £23,110) relating to tenant deposits, the corresponding entry can be found in note 8. |
| 9. | Creditors: amounts falling due after more than one year |
| 2022 | 2021 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Other creditors |
| 10. | Provisions for liabilities |
| 2022 | 2021 |
| £ | £ |
| Deferred tax | 11,407 | 11,407 |
| Deferred |
| tax |
| £ |
| Balance at 1 December 2021 |
| Balance at 30 November 2022 |
| Digby Road Limited (Registered number: 09302589) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2022 |
| 11. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | 1 | 96 | 96 |
| 12. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 December 2021 |
| Profit for the year |
| At 30 November 2022 |